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WAESX vs. EEMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WAESX vs. EEMV

Last updated Jun 24, 2026

WAESX (Wasatch Emerging Markets Select Fund) and EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) are both funds - WAESX is a Emerging Markets Diversified fund managed by Wasatch, while EEMV is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index. Over the past 10 years, WAESX returned 8.87%/yr vs 6.81%/yr for EEMV. A 0.71 correlation means they provide meaningful diversification when combined. WAESX charges 1.32%/yr vs 0.25%/yr for EEMV.

Performance

WAESX vs. EEMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Emerging Markets Select Fund (WAESX) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WAESX achieves a 9.33% return, which is significantly lower than EEMV's 16.76% return. Over the past 10 years, WAESX has outperformed EEMV with an annualized return of 8.87%, while EEMV has yielded a comparatively lower 6.81% annualized return.

WAESX

1D
-0.60%
1M
2.89%
YTD
9.33%
6M
8.85%
1Y
14.75%
3Y*
9.60%
5Y*
-0.72%
10Y*
8.87%

EEMV

1D
-3.65%
1M
3.07%
YTD
16.76%
6M
16.47%
1Y
24.00%
3Y*
14.12%
5Y*
5.66%
10Y*
6.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WAESX vs. EEMV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WAESX
Wasatch Emerging Markets Select Fund		9.33%10.56%-0.12%17.52%-37.38%21.34%48.36%28.05%-11.50%37.66%
EEMV
iShares MSCI Emerging Markets Min Vol Factor ETF		16.76%13.45%7.98%7.75%-13.94%5.05%6.90%7.83%-5.81%27.28%

Correlation

The correlation between WAESX and EEMV is 0.66, 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

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.66

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (10Y)
Calculated over the trailing 10-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2013

0.71

The correlation between WAESX and EEMV has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Wasatch Emerging Markets Select Fund

iShares MSCI Emerging Markets Min Vol Factor ETF

Often compared with WAESX:
WAESX vs. BESIXWAESX vs. PRWCXWAESX vs. VOOWAESX vs. EMXCWAESX vs. EPIWAESX vs. DGSWAESX vs. AVEM
Often compared with EEMV:
EEMV vs. EEMEEMV vs. IEMGEEMV vs. SPYEEMV vs. EFAVEEMV vs. MCHIEEMV vs. USMVEEMV vs. SPEM

Return for Risk

WAESX vs. EEMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WAESX
WAESX Risk / Return Rank: 1515
Overall Rank
WAESX Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
WAESX Sortino Ratio Rank: 1313
Sortino Ratio Rank
WAESX Omega Ratio Rank: 1212
Omega Ratio Rank
WAESX Calmar Ratio Rank: 1818
Calmar Ratio Rank
WAESX Martin Ratio Rank: 1919
Martin Ratio Rank
EEMV
EEMV Risk / Return Rank: 5252
Overall Rank
EEMV Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
EEMV Sortino Ratio Rank: 4646
Sortino Ratio Rank
EEMV Omega Ratio Rank: 5555
Omega Ratio Rank
EEMV Calmar Ratio Rank: 5656
Calmar Ratio Rank
EEMV Martin Ratio Rank: 5656
Martin Ratio Rank
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.

WAESX vs. EEMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Emerging Markets Select Fund (WAESX) 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.

WAESXEEMVDifference
Sharpe ratioReturn per unit of total volatility
0.90
1.58

-0.69

Sortino ratioReturn per unit of downside risk
1.39
2.19

-0.80

Omega ratioGain probability vs. loss probability

1.17

1.33

-0.16

Calmar ratioReturn relative to maximum drawdown

1.42

2.61

-1.20

Martin ratioReturn relative to average drawdown

4.55

9.38

-4.83

WAESX vs. EEMV - Sharpe Ratio Comparison

The current WAESX Sharpe Ratio is 0.90, which is lower than the EEMV Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of WAESX 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.

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Drawdowns

WAESX vs. EEMV - Drawdown Comparison

The maximum WAESX drawdown since its inception was -45.85%, which is greater than EEMV's maximum drawdown of -31.56%. Use the drawdown chart below to compare losses from any high point for WAESX and EEMV.

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Drawdown Indicators

WAESXEEMVDifference

Max Drawdown

Largest peak-to-trough decline

-45.85%

-31.56%

-14.29%

Max Drawdown (1Y)

Largest decline over 1 year

-11.18%

-9.22%

-1.96%

Max Drawdown (3Y)

Largest decline over 3 years

-21.75%

-12.47%

-9.28%

Max Drawdown (5Y)

Largest decline over 5 years

-45.85%

-21.90%

-23.95%

Max Drawdown (10Y)

Largest decline over 10 years

-45.85%

-31.56%

-14.29%

Current Drawdown

Current decline from peak

-16.70%

-3.65%

-13.05%

Average Drawdown

Average peak-to-trough decline

-16.62%

-7.95%

-8.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.47%

2.57%

+0.90%

Volatility

WAESX vs. EEMV - Volatility Comparison

The current volatility for Wasatch Emerging Markets Select Fund (WAESX) is 6.45%, while iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) has a volatility of 8.95%. This indicates that WAESX 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.

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Volatility by Period

WAESXEEMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.45%

8.95%

-2.50%

Volatility (6M)

Calculated over the trailing 6-month period

14.95%

14.17%

+0.78%

Volatility (1Y)

Calculated over the trailing 1-year period

17.70%

15.25%

+2.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.19%

12.36%

+7.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.79%

13.97%

+5.82%

WAESX vs. EEMV - Expense Ratio Comparison

WAESX has a 1.32% expense ratio, which is higher than EEMV's 0.25% expense ratio.

Dividends

WAESX vs. EEMV - Dividend Comparison

WAESX has not paid dividends to shareholders, while EEMV's dividend yield for the trailing twelve months is around 2.19%.

PositionTTM20252024202320222021202020192018201720162015
EEMV
iShares MSCI Emerging Markets Min Vol Factor ETF		2.19%2.65%3.50%2.75%1.93%2.14%2.45%2.63%2.46%2.34%2.79%2.55%
WAESX
Wasatch Emerging Markets Select Fund		0.00%0.00%0.00%0.00%0.00%0.42%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

WAESX and EEMV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEMV has higher volatility (8.95%) compared to WAESX (6.45%). In terms of maximum drawdown, WAESX dropped -45.85% vs EEMV's -31.56%.

EEMV currently has the higher Sharpe Ratio (1.58 vs 0.90), 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.

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