BLES vs EEMV: Grades, Fees and Holdings Compared

Inspire Global Hope ETF

BLESCNYSE Arca

iShares MSCI Emerging Markets Min Vol Factor ETF

EEMVACboe

Overlap

1.5%by weight

Expense ratio

EEMV −0.35pt a year

BLES0.60%EEMV0.25%

Avg volume · 30D

EEMV 21.4×the volume

BLES10.5KEEMV225K

5Y return · a year

BLES +2.1pt

BLES+7.3%EEMV+5.2%

BLES vs EEMV Performance

Oct 29, 2021 – Oct 30, 2026

+42.4%BLES+28.7%EEMV

Expense ratio: BLES 0.60%; EEMV 0.25%, better
Fund size: BLES $167M; EEMV $3.4B
1Y total return: BLES +14.9%, better; EEMV +12.0%
Yield (12M): BLES 1.86%; EEMV 2.28%, better
Holdings: BLES 416; EEMV 324
Avg volume (30D): BLES 10.5K sh; EEMV 225K sh, better
NAV per share: BLES $48.38; EEMV $71.20
52W range

ETF.net Grade

Pillar letters and Scores for BLES, EEMV, with each pillar’s weight
Pillar	BLES	EEMV
Cost30% weight	D33	A92Higher
Mission25% weight	B65	Not scored
Risk15% weight	A79Higher	B56
Tradability15% weight	D38	A75Higher
Holdings10% weight	A88Higher	A73
Durability5% weight	D38	A81Higher

Rank among Emerging Markets Factor Index funds

How we build Categories ›

Same Category. BLES and EEMV are both graded against the same 10 Emerging Markets Factor Index funds, so their Grades compare head to head.

Emerging Markets Factor Index⁠

Category · 10 funds

See all 10 ›

EEMV ranks 1st and BLES 5th of 10 funds in the Emerging Markets Factor Index Category.

Rank 1AEEMViShares MSCI Emerging Markets Min Vol Factor ETFScore 78
Rank 2BEELVInvesco S&P Emerging Markets Low Volatility ETFScore 66
Rank 4BPXHInvesco RAFI Emerging Markets ETFScore 57
Rank 5CBLESInspire Global Hope ETFScore 50
Rank 6CEEMOInvesco S&P Emerging Markets Momentum ETFScore 45

Our read on each fund

ETF.net Research

BLESCInspire Global Hope ETF

EEMVAiShares MSCI Emerging Markets Min Vol Factor ETF

In short

BLES One of the two funds that launched Inspire's lineup in 2017: roughly 400 large caps from the US, developed markets and emerging markets, screened against biblical values and held in equal slices.

EEMV Emerging markets with the volume turned down. Since 2011, EEMV has tracked MSCI's minimum-volatility EM index, holding roughly 300 stocks picked for steadiness rather than size, at 0.25% a year.

Stated mandate

BLES The Fund seeks to track, before fees and expenses, the performance of the Inspire Global Hope Large Cap Equal Weight Index.

EEMV The fund seeks to track an index of emerging-market equities selected for minimum-volatility characteristics.

Why people hold it

BLES Global core in one ticker, with a target mix of 50% US, 40% developed international and 10% emerging markets, equal weighted and rebalanced quarterly.prnewswire.com inspireetf.com
The faith screen is the whole point: holdings need an Inspire Impact Score of zero or better, so whole industries are excluded by rule, not by a manager's mood.inspireetf.com
Equal weighting tilts the portfolio smaller and flatter than a cap-weighted global index, and the quarterly reset trims what has run up.inspireetf.com
Inspire says it gives at least half of its net corporate profits from management fees to ministry projects through its Give50 program.inspireetf.com

EEMV At 0.25%, it carries the lowest fee in its emerging-markets factor cohort, undercutting EELV at 0.29% and ECOW at 0.70%, and sitting well below the group median.
Live since 2011 and now a multi-billion-dollar fund: a long public track record of running the min vol playbook in the world's bumpiest equity markets.
About 300 emerging-market names, chosen by published index rules rather than a manager's hunch, so what you own is auditable rather than discretionary.
Stands among the stronger implementations in its emerging-markets factor peer group on our review, largely on cost and issuer staying power.

Worth knowing

BLES Costs more than the median fund in its peer group, the price of a niche screen and a worldwide portfolio.
Trades lightly next to category heavyweights like EEMV and EELV, so the bid-ask spread is worth a look before placing an order.
Emerging markets are only about a tenth of the target mix, so it sits among EM specialists without being a dedicated EM play.prnewswire.com

EEMV Minimum volatility is a construction rule, not a floor. The index aims for smaller swings; emerging-market currency, country and political risk still ride along.
Screening for low volatility pulls country and sector weights away from a cap-weighted EM benchmark, so it can move to a different rhythm than the headline index.
Volume is moderate rather than torrential, so execution habits (limit orders, skipping the opening minutes) matter more here than with a mega-cap index fund.

Full BLES profile⁠

Full EEMV profile⁠

BLES vs EEMV Holdings

How BLES and EEMV differ

Overlap by weight

1.5%

Shared holdings make up 4.4% of EEMV and 1.7% of BLES.

Level by level

Holdings7 in both1.5%
Countryby domicile6.3%
Sector11 Sectors60.5%
Asset classEquity100%

Sector

Sector weights in BLES and EEMV, widest gap first
Sector	More in BLESMore in EEMV	BLES	EEMV
Technology	EEMV +20.2 points	15.5%	35.7%
Industrials	BLES +14.9 points	19.1%	4.2%
Communication	EEMV +10.3 points	1.0%	11.3%
Materials	BLES +8.2 points	10.5%	2.3%
Financials	EEMV +7.6 points	13.4%	21.1%
Real Estate	BLES +6.0 points	6.6%	0.6%
Energy	BLES +3.5 points	7.7%	4.2%
Utilities	BLES +3.0 points	7.5%	4.5%
Health Care	BLES +2.0 points	7.8%	5.8%
Consumer Discretionary	BLES +1.9 points	6.3%	4.4%
Consumer Staples	EEMV +1.3 points	4.6%	5.9%

Country, concentration and asset class

Country by domicile

Country weights in BLES and EEMV, widest gap first
Country	More in BLESMore in EEMV	BLES	EEMV
United States	BLES +50.5 points	50.5%	0.0%
Taiwan	EEMV +23.6 points	1.0%	24.6%
China	EEMV +19.9 points	0.2%	20.1%
India	EEMV +17.6 points	0.0%	17.6%
South Korea	EEMV +14.6 points	1.0%	15.6%
South Africa	EEMV +12.1 points	1.6%	13.7%
Canada	BLES +4.2 points	4.2%	0.0%
Switzerland	BLES +4.1 points	4.1%	0.0%
Other countries (28)	BLES +29.0 points	37.4%	8.4%

Outside the US: BLES 79% developed, 21% emerging. EEMV 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

BLES3.4%
EEMV15.3%

Securities held

BLES402
EEMV302

Asset class

BLES: Equity
EEMV: Equity

Holdings

Only in BLES395
In both7
Only in EEMV295

Only in BLES

395 securities, 98.3% of BLES by weight

Skyworks Solutio0.42%
Genmab A/S0.39%
Glaukos Corp0.37%
Bbh Sweep Vehicle0.37%
Ucb SA0.33%
Roper Technologi0.31%
Bentley System-B0.31%
Icon PLC0.31%
Zscaler Inc0.31%
Wisetech Global0.30%
Procore Technolo0.30%
Wolters Kluwer0.30%
Apa Corp0.30%
Docusign Inc0.30%
Ryder System Inc0.30%
Essilorluxottica0.30%
Check Point Soft0.30%
Manhattan Assoc0.29%
Cboe Global Mark0.29%
Dassault Systeme0.29%
Tyler Technolog0.29%
United Rentals0.29%
Constellation So0.29%
Receivables/Payables0.29%
Masco Corp0.29%
Can Natural Res0.29%
Aker Bp Asa0.29%
London Stock Ex0.29%
Tourmaline Oil C0.28%
Dsv A/S0.28%
First Citizens-A0.28%
Verisk Analyti0.28%
Fair Isaac Corp0.28%
Insulet Corp0.28%
Msci Inc0.28%
Steel Dynamics0.28%
Mongodb Inc0.28%
Centerpoint Ener0.28%
Targa Resources0.28%
Atco Ltd/Canada0.28%
H Lundbeck A/S-A0.28%
Fairfax Finl Hld0.28%
Carlisle Cos Inc0.28%
Givaudan-Reg0.28%
Nisource Inc0.28%
Rollins Inc0.28%
Kinetik Holdings0.28%
Reliance Inc0.28%
Equinor Asa0.28%
Royalty Pharma-A0.28%

Only in EEMV

295 securities, 95.4% of EEMV by weight

Tata Consultancy Services Ltd1.72%
Bank of China Ltd H1.68%
Samsung Electronics Non Voting Pre1.62%
Taiwan Semiconductor Manufacturing1.54%
Saudi Arabian Oil1.52%
Industrial and Commercial Bank of1.47%
Chunghwa Telecom Ltd1.45%
Samsung Electronics Ltd1.38%
Sk Hynix1.37%
United Micro Electronics Corp1.36%
Taiwan Cooperative Financial Holdi1.30%
Bharti Airtel Ltd1.22%
Saudi Telecom1.22%
Agricultural Bank of China H1.20%
Taiwan Mobile1.15%
Advanced Info Service Non-Voting D1.13%
Novatek Microelectronics1.06%
Delta Electronics1.01%
Samsung Sds1.00%
China Construction Bank Corp H1.00%
Infosys0.92%
Chroma Ate0.91%
Samsung Biologics0.89%
Far Eastone Telecommunications Ltd0.87%
China Citic Bank Corp Ltd H0.86%
Advantech0.86%
China Yangtze Power Ltd A0.86%
Malayan Banking0.86%
Aselsan Elektronik Sanayi Ve Ticar0.86%
Tech Mahindra0.85%
KT&G Corp0.84%
King Slide Works0.82%
National Bank of Kuwait0.82%
Emirates Telecommunications Group0.81%
Hcl Technologies Ltd0.80%
Credicorp Ltd0.79%
Hua Nan Financial Holdings0.76%
Accton Technology0.75%
Kuwait Finance House0.75%
Torrent Pharmaceuticals Ltd0.73%
Db Islamic Bank0.72%
Ase Technology Holding0.72%
Sun Pharmaceutical Industries0.69%
China Shenhua Energy Ltd H0.69%
Hmm Ltd0.69%
Pegatron0.67%
E.sun Financial Holding0.65%
Honprecision Inc0.63%
Al-Elm Information Security Compan0.62%
Mega Financial Holding Ltd0.61%

Weight gaps

All 7 Holdings in both funds, largest gap first.

Holding weights in BLES and EEMV, widest gap first
Holding	More in BLESMore in EEMV	BLES	EEMV
Samsung Sdi Co	EEMV +1.31 points	0.25%	1.56%
First Financial	EEMV +0.94 points	0.27%	1.21%
President Chain	EEMV +0.37 points	0.24%	0.61%
Bim	BLES +0.16 points	0.20%	0.04%
Delta Elec-Nvdr	EEMV +0.10 points	0.20%	0.30%
Celltrion Inc	EEMV +0.10 points	0.25%	0.35%
Otp Bank PLC	EEMV +0.09 points	0.23%	0.32%

All BLES holdings⁠All 297 EEMV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BLES vs EEMV Cost

Overpaying BLES vs EEMV

$6,658

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BLES 0.60%
$11,817
EEMV 0.25%
$5,159

Amount$10,000

Years30 years

Cost over time

BLES 0.60%
EEMV 0.25%
Overpaying

Year by year

Year	BLES	EEMV	Overpaying
10	$1,076	$455	$621
20	$4,116	$1,769	$2,347
30	$11,817	$5,159	$6,658

Expense ratio

0.60%BLES
0.25%EEMV, cheaper

EEMV0.25%BLES0.60%

0.25%0.90%

Middle half of Emerging Markets Factor Index funds
Median 0.44%

EEMV cheapest of 10 funds

BLES 7th cheapest of 10 funds

BLES vs EEMV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BLES 1.86%; EEMV 2.28%, better
Payout (12M): BLES $0.89; EEMV $1.62
Last payment: BLES $0.18; EEMV $0.65
Ex-dividend: BLES Sep 25, 2026; EEMV Jun 15, 2026
Paid on: BLES Oct 1, 2026; EEMV Jun 18, 2026
Frequency: BLES Quarterly; EEMV Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

BLESQuarterly · 39 paymentsAll BLES payments⁠

EEMVTwice a year · 19 paymentsAll EEMV payments⁠

BLES vs EEMV Risk

Fall from peak · 5 years

BLES
EEMV

Risk facts

VolatilityStd dev, 3 years: BLES 12.3%EEMV 11.6%, better
Return per unit of riskSharpe ratio, 3 years: BLES 1.10, betterEEMV 0.85
Worst fallMax drawdown, 5 years: BLES −26.6%EEMV −21.9%, better
Market sensitivityBeta, 5 years: BLES 0.88EEMV 0.72; Market = 1

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