Russia is also the second-largest emerging markets dividend payer behind China (RSX yields 3.1%), but investors lured by dividends and compelling valuations must deal with volatility that is elevated even by the standards of emerging markets. [The Case of Russia ETF Flows]
RSX’s three-year beta against the S&P 500 is almost 1.8 with a three-year standard deviation of 29.55% and a Sharpe ratio of -0.51, according to Market Vectors data. RSX’s three-year standard deviation is 1,000 basis points higher than that found on the iShares MSCI Emerging Markets ETF (NYSEArca: EEM).
Market Vectors Russia ETF
ETF Trends editorial team contributed to this post.