EEMO vs EEMV

EEMOCInvesco S&P Emerging Markets Momentum ETF

EEMVAiShares MSCI Emerging Markets Min Vol Factor ETF

In short

EEMO A momentum screen pointed at emerging markets. EEMO tracks an S&P index that favors EM large and mid caps with the strongest recent price trends, roughly 300 names, and it has been running that playbook since 2012.

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

EEMO The Fund seeks to track, before fees and expenses, the S&P Momentum Emerging Plus LargeMidCap Index. It generally invests at least 90% of total assets in securities comprising the index, including qualifying depositary receipts.

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

Why people hold it

• EEMO The mandate leaves little to interpretation: at least 90% of assets in the S&P Momentum Emerging Plus LargeMidCap Index. You know exactly which screen is picking the names.
• 0.29% a year, below the typical index-tracking fund in its peer cohort. Cheap for a factor strategy operating in emerging markets.
• Launched in 2012, so the momentum rules have been running through more than a decade of EM cycles rather than a single backtest.
• Roughly 300 large and mid cap holdings across emerging markets, so the momentum tilt is expressed broadly instead of through a short list of recent winners.

• 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

• EEMO A small, lightly traded fund. That usually shows up as wider bid-ask spreads, meaning more of your cost lands at the moment you trade rather than in the expense ratio.
• Momentum buys what has already climbed. Layer that on emerging markets and country, sector, and currency swings can get sharp, with turnover each time the index reshuffles.
• Income is a byproduct here, not the design. Distributions land quarterly and depend on whatever the momentum screen happens to hold at the time.

• 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 EEMO profile⁠

Full EEMV profile⁠