First Trust WCM Developing World Equity ETF (WCME) 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 WCME. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WCME
WCME charges 0.95% annually. There are 79 ETFs in the Emerging Markets Equities category with lower expense ratios, going as low as 0.07%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Portfolio Emerging Markets ETF | 0.07% | 17.31B | Mar 2007 | WCME vs SPEM | |
| Vanguard Emerging Markets Ex-China ETF | 0.07% | 235.70M | Sep 2025 | WCME vs VEXC | |
| Vanguard FTSE Emerging Markets ETF | 0.08% | 162.80B | Mar 2005 | WCME vs VWO | |
| Schwab Emerging Markets Equity ETF | 0.11% | 12.63B | Jan 2010 | WCME vs SCHE | |
| BNY Mellon Emerging Markets Equity ETF | 0.11% | 86.15M | Apr 2020 | WCME vs BKEM |
Best Risk-Adjusted Alternatives to WCME
WCME has a PortfoliosLab risk / return rank of 41. There are 52 ETFs in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pacific North of South Global Emerging Markets Equ... | 90 | 366.05M | Jan 2025 | WCME vs GEME | |
| Invesco DWA Emerging Markets Momentum ETF | 89 | 262.88M | Dec 2007 | WCME vs PIE | |
| iShares MSCI Emerging Markets Value Factor ETF | 89 | — | Sep 2024 | WCME vs EVLU | |
| Xtrackers MSCI Emerging Markets Hedged Equity ETF | 87 | 102.15M | Jun 2011 | WCME vs DBEM | |
| iShares MSCI Emerging Markets ex China ETF | 85 | 24.99B | Jul 2017 | WCME vs EMXC |
Top Performing WCME Alternatives (YTD)
WCME is at 13.82% YTD. There are 41 ETFs in the Emerging Markets Equities category with higher YTD returns, going as high as 39.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco DWA Emerging Markets Momentum ETF | 39.82% | 262.88M | Dec 2007 | WCME vs PIE | |
| iShares MSCI Emerging Markets ex China ETF | 36.07% | 24.99B | Jul 2017 | WCME vs EMXC | |
| Columbia EM Core ex-China ETF | 32.72% | 1.97B | Sep 2015 | WCME vs XCEM | |
| Pacific North of South Global Emerging Markets Equ... | 31.73% | 366.05M | Jan 2025 | WCME vs GEME | |
| Invesco S&P Emerging Markets Momentum ETF | 30.01% | 25.97M | Feb 2012 | WCME vs EEMO |
Lowest Volatility Alternatives to WCME
WCME has 22.88% 1-year volatility. There are 53 ETFs in the Emerging Markets Equities category with lower 1-year volatility, going as low as 9.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest Emerging Markets Buffer ETF - June | 9.17% | — | Jun 2025 | WCME vs TJUN | |
| FT Vest Emerging Markets Buffer ETF - December | 10.68% | 10.25M | Dec 2024 | WCME vs TDEC | |
| ProShares MSCI Emerging Markets Dividend Growers E... | 11.46% | 7.11M | Jan 2016 | WCME vs EMDV | |
| First Trust Emerging Markets Equity Select ETF | 12.45% | 16.78M | Jun 2017 | WCME vs RNEM | |
| SPDR S&P Emerging Markets Dividend ETF | 12.76% | 1.22B | Feb 2011 | WCME vs EDIV |
Lowest Drawdown Alternatives to WCME
WCME has a 1-year max drawdown of -15.64%. There are 63 ETFs in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -5.56%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest Emerging Markets Buffer ETF - June | -5.56% | — | Jun 2025 | WCME vs TJUN | |
| ProShares MSCI Emerging Markets Dividend Growers E... | -7.24% | 7.11M | Jan 2016 | WCME vs EMDV | |
| WisdomTree Emerging Markets Equity Income Fund | -7.89% | 3.91B | Jul 2007 | WCME vs DEM | |
| SPDR S&P Emerging Markets Small Cap ETF | -7.98% | 707.60M | May 2008 | WCME vs EWX | |
| FT Vest Emerging Markets Buffer ETF - December | -8.16% | 10.25M | Dec 2024 | WCME vs TDEC |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 14 categories. AUM among these funds goes as high as $14B.
Often Compared With WCME
Investors most often compare WCME with IBIC, BDRY, DVYE. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare WCME with Any Fund or Stock
Compare WCME with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WCME with funds that move differently
First Trust WCM Developing World Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WCME.
Explore WCME Diversifiers