MFEM Alternatives & Similar ETFs

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) belongs to the Emerging Markets Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MFEM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MFEM

MFEM charges 0.49% annually. There are 28 ETFs in the Emerging Markets Equities category with lower expense ratios, going as low as 0.07%.

Symbol	Name	Expense Ratio	AUM	Inception
VEXC	Vanguard Emerging Markets Ex-China ETF	0.07%	216.60M	Sep 2025	MFEM vs VEXC
VWO	Vanguard FTSE Emerging Markets ETF	0.08%	159.90B	Mar 2005	MFEM vs VWO
SPEM	SPDR Portfolio Emerging Markets ETF	0.11%	17.83B	Mar 2007	MFEM vs SPEM
SCHE	Schwab Emerging Markets Equity ETF	0.11%	12.74B	Jan 2010	MFEM vs SCHE
EMCR	Xtrackers Emerging Markets Carbon Reduction and Cl...	0.15%	58.19M	Dec 2018	MFEM vs EMCR

Best Risk-Adjusted Alternatives to MFEM

MFEM has a PortfoliosLab risk / return rank of 85. There are 12 ETFs in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 94.

Symbol	Name	Risk / Return Rank	AUM	Inception
GEME	Pacific North of South Global Emerging Markets Equ...	94	72.25M	Jan 2025	MFEM vs GEME
EVLU	iShares MSCI Emerging Markets Value Factor ETF	93	—	Sep 2024	MFEM vs EVLU
DBEM	Xtrackers MSCI Emerging Markets Hedged Equity ETF	93	103.78M	Jun 2011	MFEM vs DBEM
EMXC	iShares MSCI Emerging Markets ex China ETF	92	24.61B	Jul 2017	MFEM vs EMXC
ROAM	Hartford Multifactor Emerging Markets ETF	92	119.41M	Feb 2015	MFEM vs ROAM

Top Performing MFEM Alternatives (YTD)

MFEM is at 33.00% YTD. There are 12 ETFs in the Emerging Markets Equities category with higher YTD returns, going as high as 43.15%.

Symbol	Name	YTD Return	AUM	Inception
EMXC	iShares MSCI Emerging Markets ex China ETF	43.15%	24.61B	Jul 2017	MFEM vs EMXC
EEMO	Invesco S&P Emerging Markets Momentum ETF	42.13%	15.51M	Feb 2012	MFEM vs EEMO
PIE	Invesco DWA Emerging Markets Momentum ETF	40.45%	237.62M	Dec 2007	MFEM vs PIE
GEME	Pacific North of South Global Emerging Markets Equ...	40.25%	72.25M	Jan 2025	MFEM vs GEME
XCEM	Columbia EM Core ex-China ETF	40.07%	1.98B	Sep 2015	MFEM vs XCEM

Lowest Volatility Alternatives to MFEM

MFEM has 19.07% 1-year volatility. There are 39 ETFs in the Emerging Markets Equities category with lower 1-year volatility, going as low as 7.55%.

Symbol	Name	Volatility 1Y	AUM	Inception
TJUN	FT Vest Emerging Markets Buffer ETF - June	7.55%	—	Jun 2025	MFEM vs TJUN
TDEC	FT Vest Emerging Markets Buffer ETF - December	10.08%	10.25M	Dec 2024	MFEM vs TDEC
EMDV	ProShares MSCI Emerging Markets Dividend Growers E...	11.10%	7.35M	Jan 2016	MFEM vs EMDV
EDIV	SPDR S&P Emerging Markets Dividend ETF	12.11%	1.25B	Feb 2011	MFEM vs EDIV
JPEM	J.P. Morgan Diversified Return Emerging Markets Eq...	12.89%	390.16M	Jan 2015	MFEM vs JPEM

Lowest Drawdown Alternatives to MFEM

MFEM has a 1-year max drawdown of -12.86%. There are 35 ETFs in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -6.49%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
DVYE	iShares Emerging Markets Dividend ETF	-6.49%	1.28B	Feb 2012	MFEM vs DVYE
EMDV	ProShares MSCI Emerging Markets Dividend Growers E...	-7.24%	7.35M	Jan 2016	MFEM vs EMDV
DEM	WisdomTree Emerging Markets Equity Income Fund	-7.89%	3.78B	Jul 2007	MFEM vs DEM
EWX	SPDR S&P Emerging Markets Small Cap ETF	-7.98%	742.62M	May 2008	MFEM vs EWX
TDEC	FT Vest Emerging Markets Buffer ETF - December	-8.16%	10.25M	Dec 2024	MFEM vs TDEC

Other ETFs from PIMCO

The 10 most viewed PIMCO ETFs shown here include MINT, PYLD, BOND and span 10 categories. AUM among these funds goes as high as $16B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MINT	PIMCO Enhanced Short Maturity Active ETF	Ultrashort Bond	100	1.81%	15.51B	Nov 2009	MFEM vs MINT
PYLD	PIMCO ETF Trust - PIMCO Multisector Bond Active Ex...	Multisector Bonds	70	1.18%	13.03B	Jun 2023	MFEM vs PYLD
BOND	PIMCO Active Bond ETF	Intermediate Core-Plus Bond	48	0.72%	7.88B	Mar 2012	MFEM vs BOND
ZROZ	PIMCO 25+ Year Zero Coupon US Treasury Index Fund	Government Bonds, Long-Term Bond	12	-0.59%	1.35B	Oct 2009	MFEM vs ZROZ
HYS	PIMCO 0-5 Year High Yield Corporate Bond Index ETF	High Yield Bonds	71	1.42%	1.71B	Jun 2011	MFEM vs HYS
LTPZ	PIMCO 15+ Year US TIPS Index ETF	Inflation-Protected Bonds	17	0.91%	685.04M	Sep 2009	MFEM vs LTPZ
MUNI	PIMCO Intermediate Municipal Bond Active ETF	Municipal Bonds	76	1.28%	2.87B	Nov 2009	MFEM vs MUNI
EMNT	PIMCO Enhanced Short Maturity Active ESG ETF	Ultrashort Bond	99	1.65%	206.84M	Dec 2019	MFEM vs EMNT
CORP	PIMCO Investment Grade Corporate Bond Index ETF	Corporate Bonds	43	0.78%	1.62B	Sep 2010	MFEM vs CORP
CMDT	PIMCO Commodity Strategy Active Exchange-Traded Fu...	Commodities	89	24.00%	801.86M	May 2023	MFEM vs CMDT

Often Compared With MFEM

Investors most often compare MFEM with ZPRV.DE, FLXE.DE, FLXE.L. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZPRV.DE	SPDR MSCI USA Small Cap Value Weighted UCITS ETF	Small Cap Value Equities	74	14.03%	—	Feb 2015	MFEM vs ZPRV.DE
FLXE.DE	Franklin Emerging Markets UCITS ETF	Emerging Markets Equities	78	18.24%	—	Oct 2017	MFEM vs FLXE.DE
FLXE.L	Franklin Emerging Markets UCITS ETF	Emerging Markets Equities	81	17.73%	66.19M	Oct 2017	MFEM vs FLXE.L
VOO	Vanguard S&P 500 ETF	S&P 500	75	11.69%	1.60T	Sep 2010	MFEM vs VOO
PRF	Invesco RAFI US 1000 ETF	Large Cap Value Equities	90	15.03%	9.60B	Dec 2005	MFEM vs PRF
FNDE	Schwab Fundamental Emerging Markets Large Company ...	Emerging Markets Equities	79	17.44%	9.61B	Aug 2013	MFEM vs FNDE
JQUA	JPMorgan U.S. Quality Factor ETF	Large Cap Growth Equities	66	14.47%	8.13B	Nov 2017	MFEM vs JQUA
VIIIX	Vanguard Institutional Index Fund Institutional Pl...	Large Cap Blend Equities	75	11.55%	342.00B	Jul 1997	MFEM vs VIIIX
AVEE	Avantis Emerging Markets Small Cap Equity ETF	Emerging Markets Diversified	50	15.27%	117.88M	Nov 2023	MFEM vs AVEE
ECON	Columbia Emerging Markets Consumer ETF	Emerging Markets Equities	89	36.71%	349.98M	Sep 2010	MFEM vs ECON
FEMR	Fidelity Enhanced Emerging Markets ETF	Emerging Markets Diversified	87	35.27%	—	Nov 2024	MFEM vs FEMR
RNEM	First Trust Emerging Markets Equity Select ETF	Emerging Markets Equities	14	-0.17%	16.47M	Jun 2017	MFEM vs RNEM
AVXC	Avantis Emerging Markets ex-China Equity ETF	Emerging Markets Diversified	89	36.02%	369.56M	Mar 2024	MFEM vs AVXC
VFMF	Vanguard U.S. Multifactor ETF	Multi-factor	84	15.37%	606.00M	Feb 2018	MFEM vs VFMF
EMIF	iShares Emerging Markets Infrastructure ETF	Emerging Markets Equities	42	3.33%	13.58M	Jun 2009	MFEM vs EMIF
QVML	Invesco S&P 500 QVM Multi-factor ETF	Multi-factor, S&P 500	75	11.81%	1.65B	Jun 2021	MFEM vs QVML
TLTE	FlexShares Morningstar Emerging Markets Factor Til...	Foreign Large Cap Equities	80	26.04%	362.35M	Sep 2012	MFEM vs TLTE
QVMM	Invesco S&P MidCap 400 QVM Multi-factor ETF	Multi-factor	58	14.36%	422.86M	Jun 2021	MFEM vs QVMM
QVMS	Invesco S&P SmallCap 600 QVM Multi-factor ETF	Multi-factor	64	16.84%	238.70M	Jun 2021	MFEM vs QVMS
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equi...	Foreign Large Cap Equities, Multi-factor	47	10.33%	440.69M	Aug 2017	MFEM vs MFDX

Compare MFEM with Any Fund or Stock

Compare MFEM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair MFEM with funds that move differently

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MFEM.

Explore MFEM Diversifiers

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) Alternatives