VEM vs. EEMO

Last updated Jul 10, 2026

VEM (Virtus Emerging Markets Dividend ETF) and EEMO (Invesco S&P Emerging Markets Momentum ETF) are both exchange-traded funds - VEM is a Emerging Markets Equities fund actively managed by Virtus, while EEMO is a Momentum fund tracking the S&P Momentum Emerging Plus LargeMidCap Index. VEM is actively managed, while EEMO is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. VEM charges 0.49%/yr vs 0.31%/yr for EEMO.

Performance

VEM vs. EEMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Emerging Markets Dividend ETF (VEM) and Invesco S&P Emerging Markets Momentum ETF (EEMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VEM

• 1D: 0.33%
• 1M: 1.08%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EEMO

• 1D: 2.15%
• 1M: 2.15%
• 6M: 26.22%
• YTD: 29.89%
• 1Y: 37.54%
• 3Y*: 20.54%
• 5Y*: 5.86%
• 10Y*: 7.97%

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

VEM vs. EEMO - Yearly Performance Comparison

	2026 (YTD)
VEM Virtus Emerging Markets Dividend ETF	8.93%
EEMO Invesco S&P Emerging Markets Momentum ETF	23.35%

Correlation

The correlation between VEM and EEMO is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 4, 2026	0.91

Return for Risk

VEM vs. EEMO — Risk / Return Rank

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

VEM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EEMO

EEMO Risk / Return Rank: 51
EEMO Sharpe Ratio Rank: 41
EEMO Sortino Ratio Rank: 40
EEMO Omega Ratio Rank: 52
EEMO Calmar Ratio Rank: 64
EEMO Martin Ratio Rank: 59

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.

VEM vs. EEMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Emerging Markets Dividend ETF (VEM) and Invesco S&P Emerging Markets Momentum ETF (EEMO). 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.

	VEM	EEMO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.18	—
Sortino ratio: Return per unit of downside risk	—	1.71	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.56	—
Martin ratio: Return relative to average drawdown	—	8.26	—

Drawdowns

VEM vs. EEMO - Drawdown Comparison

The maximum VEM drawdown since its inception was -13.55%, smaller than the maximum EEMO drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for VEM and EEMO.

Drawdown Indicators

	VEM	EEMO	Difference
Max Drawdown Largest peak-to-trough decline	-13.55%	-48.47%	+34.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.57%	—
Current Drawdown Current decline from peak	-5.85%	-12.12%	+6.27%
Average Drawdown Average peak-to-trough decline	-4.08%	-20.08%	+16.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.56%	—

Volatility

Volatility by Period

	VEM	EEMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.97%	32.10%	-1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.97%	21.41%	+9.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.97%	22.58%	+8.39%

VEM vs. EEMO - Expense Ratio Comparison

VEM has a 0.49% expense ratio, which is higher than EEMO's 0.31% expense ratio.

Dividends

VEM vs. EEMO - Dividend Comparison

VEM's dividend yield for the trailing twelve months is around 2.02%, more than EEMO's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEMO Invesco S&P Emerging Markets Momentum ETF	1.75%	2.31%	2.57%	3.65%	3.82%	1.51%	1.53%	2.13%	13.10%	5.13%	1.55%	2.92%
VEM Virtus Emerging Markets Dividend ETF	2.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VEM and EEMO in my portfolio?

With a correlation of 0.91, VEM and EEMO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VEM or EEMO?

On fees, EEMO is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEM or EEMO?

EEMO is cheaper with a 0.31% expense ratio, compared with 0.49% for VEM.

Which ETF pays a higher dividend yield, VEM or EEMO?

VEM has the higher dividend yield at 2.02%, compared with 1.75% for EEMO.

What is the main difference between VEM and EEMO?

VEM is categorized as Emerging Markets Equities, while EEMO is Momentum. They also come from different issuers: Virtus and Invesco. Their fees differ too: 0.49% for VEM and 0.31% for EEMO.