VBR vs. EEMV

Last updated Jun 16, 2026

VBR (Vanguard Small-Cap Value ETF) and EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) are both exchange-traded funds - VBR is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index, while EEMV is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index. Both are passively managed. Over the past 10 years, VBR returned 10.95%/yr vs 7.04%/yr for EEMV. A 0.60 correlation means they provide meaningful diversification when combined. VBR charges 0.05%/yr vs 0.25%/yr for EEMV.

Performance

VBR vs. EEMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Small-Cap Value ETF (VBR) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VBR achieves a 14.49% return, which is significantly lower than EEMV's 20.09% return. Over the past 10 years, VBR has outperformed EEMV with an annualized return of 10.95%, while EEMV has yielded a comparatively lower 7.04% annualized return.

VBR

• 1D: -0.09%
• 1M: 6.08%
• YTD: 14.49%
• 6M: 12.98%
• 1Y: 29.82%
• 3Y*: 16.12%
• 5Y*: 8.62%
• 10Y*: 10.95%

EEMV

• 1D: 2.55%
• 1M: 7.71%
• YTD: 20.09%
• 6M: 21.21%
• 1Y: 27.78%
• 3Y*: 14.32%
• 5Y*: 6.38%
• 10Y*: 7.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VBR vs. EEMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VBR Vanguard Small-Cap Value ETF	14.49%	9.09%	12.40%	16.00%	-9.38%	28.08%	5.90%	22.78%	-12.28%	11.81%
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF	20.09%	13.45%	7.98%	7.75%	-13.94%	5.05%	6.90%	7.83%	-5.81%	27.28%

Correlation

The correlation between VBR and EEMV is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.60

The correlation between VBR and EEMV has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

VBR vs. EEMV - Sectors Allocation Comparison

Sectors	VBR	EEMV
Industrials	18.1%	6.6%
Financial Services	17.6%	18.0%
Consumer Cyclical	12.4%	6.2%
Technology	10.6%	36.5%
Real Estate	10.1%	0.6%
Healthcare	7.9%	5.4%
Basic Materials	6.3%	2.9%
Energy	5.2%	3.6%
Utilities	4.8%	4.4%
Consumer Defensive	4.0%	5.6%
Communication Services	2.5%	10.1%

Return for Risk

VBR vs. EEMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VBR

VBR Risk / Return Rank: 69
VBR Sharpe Ratio Rank: 67
VBR Sortino Ratio Rank: 70
VBR Omega Ratio Rank: 62
VBR Calmar Ratio Rank: 74
VBR Martin Ratio Rank: 72

EEMV

EEMV Risk / Return Rank: 66
EEMV Sharpe Ratio Rank: 63
EEMV Sortino Ratio Rank: 62
EEMV Omega Ratio Rank: 73
EEMV Calmar Ratio Rank: 66
EEMV Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VBR vs. EEMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Value ETF (VBR) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VBR	EEMV	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.91	+0.06
Sortino ratio: Return per unit of downside risk	2.86	2.64	+0.22
Omega ratio: Gain probability vs. loss probability	1.34	1.39	-0.05
Calmar ratio: Return relative to maximum drawdown	3.38	3.03	+0.36
Martin ratio: Return relative to average drawdown	11.97	10.90	+1.07

VBR vs. EEMV - Sharpe Ratio Comparison

The current VBR Sharpe Ratio is 1.96, which is comparable to the EEMV Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of VBR and EEMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VBR vs. EEMV - Drawdown Comparison

The maximum VBR drawdown since its inception was -61.98%, which is greater than EEMV's maximum drawdown of -31.56%. Use the drawdown chart below to compare losses from any high point for VBR and EEMV.

Drawdown Indicators

	VBR	EEMV	Difference
Max Drawdown Largest peak-to-trough decline	-61.98%	-31.56%	-30.42%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-9.22%	+0.37%
Max Drawdown (3Y) Largest decline over 3 years	-24.19%	-12.47%	-11.72%
Max Drawdown (5Y) Largest decline over 5 years	-24.19%	-21.90%	-2.29%
Max Drawdown (10Y) Largest decline over 10 years	-45.28%	-31.56%	-13.72%
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-8.26%	-7.96%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.56%	-0.06%

Volatility

VBR vs. EEMV - Volatility Comparison

The current volatility for Vanguard Small-Cap Value ETF (VBR) is 4.43%, while iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) has a volatility of 8.16%. This indicates that VBR experiences smaller price fluctuations and is considered to be less risky than EEMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBR	EEMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	8.16%	-3.73%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	13.51%	-2.90%
Volatility (1Y) Calculated over the trailing 1-year period	15.31%	14.67%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.79%	12.22%	+7.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.75%	13.99%	+7.76%

VBR vs. EEMV - Expense Ratio Comparison

VBR has a 0.05% expense ratio, which is lower than EEMV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VBR vs. EEMV - Dividend Comparison

VBR's dividend yield for the trailing twelve months is around 1.72%, less than EEMV's 3.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF	3.07%	2.65%	3.50%	2.75%	1.93%	2.14%	2.45%	2.63%	2.46%	2.34%	2.79%	2.55%
VBR Vanguard Small-Cap Value ETF	1.72%	1.95%	1.98%	2.12%	2.03%	1.75%	1.68%	2.06%	2.35%	1.79%	1.77%	1.99%

Frequently Asked Questions

Can I hold both VBR and EEMV in my portfolio?

VBR and EEMV have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VBR or EEMV?

EEMV has higher volatility (8.16%) compared to VBR (4.43%). In terms of maximum drawdown, VBR dropped -61.98% vs EEMV's -31.56%.

Which ETF is better, VBR or EEMV?

On 10-year performance, VBR leads with 10.95% vs 7.04% for EEMV. On fees, VBR is cheaper at 0.05% per year. On volatility, VBR has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VBR or EEMV?

Over the 10-year period, VBR has performed better with a 10.95% return vs 7.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VBR or EEMV?

VBR is cheaper with a 0.05% expense ratio, compared with 0.25% for EEMV.

Which ETF pays a higher dividend yield, VBR or EEMV?

EEMV has the higher dividend yield at 3.07%, compared with 1.72% for VBR.

What is the main difference between VBR and EEMV?

VBR is categorized as Small Cap Value Equities, while EEMV is Asia Pacific Equities. VBR tracks CRSP US Small Cap Value Index, while EEMV tracks MSCI Emerging Markets Minimum Volatility Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VBR and 0.25% for EEMV.

Which has better risk-adjusted returns?

VBR currently has the higher Sharpe Ratio (1.96 vs 1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.