EMES vs IVV
Harbor Emerging Markets Select ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. EMES delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EMES | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $12M | $865.2B | |
| Dividend Yield | 0.42% | 1.09% | |
| Holdings | 60 | 508 | |
| YTD Return | +22.42% | +13.72% | |
| 1Y Return | +38.41% | +21.64% | |
| 3Y Return (annualized) | - | +21.55% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 21.0% | 15.1% | |
| Max Drawdown | -13.0% | -56.5% | |
| Fund Family | Harbor Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 14, 2025 | May 15, 2000 |
EMES vs IVV Performance
Harbor Emerging Markets Select ETF (EMES) is a ETF from Harbor Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EMES returned +38.41% while IVV returned +21.64%. Year to date, EMES is up 22.42% versus a gain of 13.72% for IVV.
Risk: Volatility and Drawdowns
EMES has been the more volatile fund, with annualized monthly volatility of 21.0% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.0% for EMES and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EMES charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, EMES currently yields 0.42% against 1.09% for IVV.
Holdings Overlap
EMES and IVV share 0 holdings out of 555 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EMES or IVV?
EMES has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, EMES or IVV?
Over the past year EMES returned +38.41% vs +21.64% for IVV, so EMES leads on 1-year performance. Over the longest common window we track (1 years), EMES annualized +32.13% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, EMES or IVV?
EMES has been the more volatile fund at 21.0% annualized versus 15.1% for IVV. Worst drawdown: EMES -13.0% vs IVV -56.5%.
Should I hold both EMES and IVV?
EMES and IVV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMES and IVV?
EMES and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 555 unique securities.
Which pays a higher dividend, EMES or IVV?
EMES yields 0.42% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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