- Issuer
- Global X
- Inception Date
- Sep 24, 2010
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Diversified
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $63M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
EMM Performance Chart
Global X Emerging Markets ex-China ETF (EMM) is up 38.2% since the beginning of the year. EMM is currently trading at $47 per share.
Loading charts...
Returns By Period
Global X Emerging Markets ex-China ETF (EMM) has returned 38.17% so far this year and 64.91% over the past 12 months.
Global X Emerging Markets ex-China ETF
- 1D
- 0.39%
- 1M
- 10.41%
- YTD
- 38.17%
- 6M
- 42.91%
- 1Y
- 64.91%
- 3Y*
- 24.34%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EMM Monthly Returns History
Based on dividend-adjusted daily data since May 15, 2023, EMM's average daily return is +0.09%, while the average monthly return is +1.84%. At this rate, an investment would double in approximately 3.2 years.
Historically, 58% of months were positive and 42% 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 55% 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% | 5.70% | 38.17% | ||||||
| 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 3.73%, beta of 0.93, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since May 15, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (86.75%) than losses (58.61%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.73% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.93 and R2 of 0.50, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.73%
- Beta
- 0.93
- R²
- 0.50
- Upside Capture
- 86.75%
- Downside Capture
- 58.61%
Expense Ratio
EMM has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMM ranks 85 for risk / return — in the top 85% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by 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 | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 2.78 | +1.64 |
| Martin ratioReturn relative to average drawdown | 17.82 | 12.44 | +5.38 |
Dividends
Dividend History
Global X Emerging Markets ex-China ETF provided a 0.65% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.31 | $0.31 | $0.21 | $0.17 |
Dividend yield | 0.65% | 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 | $0.00 | $0.00 | ||||||
| 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.
Loading charts...
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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -21.99%Apr 2025 | 9mo 1d | 2mo 17d | 11mo 18dJul 2024 - Jun 2025 |
2026 correction2026 | -14.75%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2023 correction2023 | -13.61%Oct 2023 | 2mo 26d | 4mo 7d | 7mo 3dAug 2023 - Mar 2024 |
2026 pullback2026 | -8.61%Jun 2026 | 7d | 8d | 15dJun 2026 - Jun 2026 |
2026 pullback2026 | -6.83%May 2026 | 8d | 7d | 15dMay 2026 - May 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 | -14.75% | -9.10% | -5.65% |
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 | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -10.71% | +6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 2.03% | +1.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with EMM
Add Global X Emerging Markets ex-China ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with EMM