EMMF vs IVV
WisdomTree Emerging Markets Multifactor Fund vs iShares Core S&P 500 ETF
Which is better, EMMF or IVV?
Each has led over a different period.
IVV has a lower expense ratio. EMMF led over 1Y, IVV over 3Y, 5Y and the full window. EMMF is less concentrated, with 28.9% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EMMF | IVV |
|---|---|---|
| Expense Ratio | 0.48% | 0.03%Best |
| AUM | $184M | $876.4B |
| Dividend Yield | 2.02% | 1.06% |
| Holdings | 204 | 508 |
| YTD Return | +19.72%Best | +11.57% |
| 1Y Return | +29.15%Best | +17.57% |
| 3Y Return (annualized) | +19.84% | +20.71%Best |
| 5Y Return (annualized) | +10.15% | +12.80%Best |
| Volatility (annualized) | 14.2%Best | 16.8% |
| Max Drawdown | -34.9% | -33.9%Best |
| $10,000 over 5 years | $16,215 | $18,262Best |
| Top 10 Weight | 28.9%Best | 37.9% |
| Fund Family | WisdomTree Investments | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 10, 2018 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Aug 10, 2018 to Sep 10, 2026 (8.1 years).
EMMF vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.1 years both funds cover.
EMMF vs IVV Performance
WisdomTree Emerging Markets Multifactor Fund (EMMF) is an ETF from WisdomTree Investments and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year EMMF returned +29.15% while IVV returned +17.57%. Year to date, EMMF is up 19.72% versus a gain of 11.57% for IVV.
Over three years, EMMF compounded at +19.84% per year against +20.71% for IVV; over five years the annualized figures are +10.15% and +12.80% respectively. Across the full 8-year window we track, IVV has the edge at +14.00% annualized vs +7.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 14.2% for EMMF. 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 -34.9% for EMMF and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EMMF charges 0.48% per year while IVV charges 0.03%. On a $10,000 position that is $48 vs $3 annually, a gap of $45 per year that compounds over a long holding period. On income, EMMF currently yields 2.02% against 1.06% for IVV.
Holdings Overlap
We hold position weights for 202 holdings in EMMF and 505 in IVV, totalling 99.5% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 202 positions we hold weights for in EMMF and 505 in IVV, against full books of 204 and 508.
What only one of them owns
Our book lists 495 positions for IVV that do not appear in our book for EMMF (99.3% of the fund), and 5 for EMMF that do not appear in IVV (4.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of EMMF and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EMMF or IVV?
EMMF has an expense ratio of 0.48% while IVV charges 0.03%. IVV is the cheaper option, by $45 a year on a $10,000 investment.
Which performed better, EMMF or IVV?
Over the past year EMMF returned +29.15% vs +17.57% for IVV, so EMMF leads on 1-year performance. Over the longest common window we track (8 years), EMMF annualized +7.20% vs +14.00% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EMMF or IVV?
IVV has been the more volatile fund at 16.8% annualized versus 14.2% for EMMF. Worst drawdown: EMMF -34.9% vs IVV -33.9%.
Should I hold both EMMF and IVV?
EMMF and IVV have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EMMF or IVV?
EMMF yields 2.02% while IVV yields 1.06%, so EMMF currently pays the higher dividend yield.
Is IVV better than EMMF?
IVV has a lower expense ratio. EMMF led over 1Y, IVV over 3Y, 5Y and the full window. EMMF is less concentrated, with 28.9% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.