- Issuer
- Global X
- Inception Date
- Sep 24, 2010
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $55M
Highlights
- Avg. Volume (1M)
- 7K
- Avg. Volume Value (1M)
- $295.99K
Share Price Chart
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Performance
EMM Performance Chart
Global X Emerging Markets ex-China ETF (EMM) is up 20.4% since the beginning of the year. EMM is currently trading at $41 per share.
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Returns By Period
Global X Emerging Markets ex-China ETF (EMM) has returned 20.39% so far this year and 39.26% over the past 12 months.
Global X Emerging Markets ex-China ETF
- 1D
- 0.69%
- 1M
- -5.50%
- 6M
- 12.37%
- YTD
- 20.39%
- 1Y
- 39.26%
- 3Y*
- 16.45%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.93%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
EMM Monthly Returns History
Based on dividend-adjusted daily data since May 15, 2023, EMM's average daily return is +0.07%, while the average monthly return is +1.44%. At this rate, an investment would double in approximately 4.0 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2026 with a return of +17.1%, while the worst month was Mar 2026 at -10.9%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, EMM closed higher 54% of trading days. The best single day was Apr 8, 2026 with a return of +6.5%, while the worst single day was Jun 5, 2026 at -6.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.14% | 8.17% | -10.86% | 17.13% | 8.04% | 1.38% | -9.15% | 20.39% | |||||
| 2025 | 0.92% | -5.69% | 0.10% | 3.55% | 6.66% | 8.77% | -0.97% | -0.09% | 5.09% | 5.72% | -0.90% | 4.44% | 30.21% |
| 2024 | -3.27% | 4.88% | 3.15% | -2.85% | 1.18% | 6.32% | -0.43% | -0.35% | 0.13% | -2.24% | -1.36% | -2.31% | 2.34% |
| 2023 | -4.56% | 4.22% | 6.56% | -5.95% | -4.12% | -3.88% | 6.38% | 5.39% | 2.99% |
Benchmark Metrics
Global X Emerging Markets ex-China ETF has an annualized alpha of -1.30%, beta of 0.97, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since May 15, 2023.
- This ETF participated in 98.27% of S&P 500 Index downside but only 86.75% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.49 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.30%
- Beta
- 0.97
- R²
- 0.49
- Upside Capture
- 86.75%
- Downside Capture
- 98.27%
Expense Ratio
EMM has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMM ranks 61 for risk / return — above 61% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Global X Emerging Markets ex-China ETF (EMM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.00 | +0.18 |
| Martin ratioReturn relative to average drawdown | 7.68 | 8.49 | -0.81 |
Dividends
Dividend History
Global X Emerging Markets ex-China ETF provided a 0.79% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.33 | $0.31 | $0.21 | $0.17 |
Dividend yield | 0.79% | 0.90% | 0.80% | 0.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Emerging Markets ex-China ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.12 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.31 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.21 |
| 2023 | $0.17 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Emerging Markets ex-China ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Emerging Markets ex-China ETF was 21.99%, occurring on Apr 8, 2025. Recovery took 52 trading sessions.
The current Global X Emerging Markets ex-China ETF drawdown is 12.87%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-21.99%Apr 2025 | 9mo 1d | 2mo 17d | 11mo 18dJul 2024 - Jun 2025 | 2025 selloff2025 |
-17.62%Jul 2026 | 1mo 6d | — | 1mo 10dJun 2026 - now | — |
-14.75%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 | — |
-13.61%Oct 2023 | 2mo 26d | 4mo 7d | 7mo 3dAug 2023 - Mar 2024 | — |
-8.61%Jun 2026 | 7d | 8d | 15dJun 2026 - Jun 2026 | — |
Drawdown Indicators
| EMM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.99% | -56.78% | +34.79% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -9.10% | -8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.99% | -18.90% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -12.87% | -1.58% | -11.29% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -10.70% | +5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 2.14% | +2.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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