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 67 ETFs in the Emerging Markets Equities category with lower expense ratios, going as low as 0.07%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Emerging Markets Ex-China ETF | 0.07% | 235.70M | Sep 2025 | WCME vs VEXC | |
| SPDR Portfolio Emerging Markets ETF | 0.07% | 17.88B | Mar 2007 | WCME vs SPEM | |
| Vanguard FTSE Emerging Markets ETF | 0.08% | 162.80B | Mar 2005 | WCME vs VWO | |
| Schwab Emerging Markets Equity ETF | 0.11% | 12.80B | Jan 2010 | WCME vs SCHE | |
| Xtrackers Emerging Markets Carbon Reduction and Cl... | 0.15% | 58.93M | Dec 2018 | WCME vs EMCR |
Best Risk-Adjusted Alternatives to WCME
WCME has a PortfoliosLab risk / return rank of 46. There are 48 ETFs in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pacific North of South Global Emerging Markets Equ... | 93 | 366.05M | Jan 2025 | WCME vs GEME | |
| Xtrackers MSCI Emerging Markets Hedged Equity ETF | 92 | 107.84M | Jun 2011 | WCME vs DBEM | |
| iShares MSCI Emerging Markets ex China ETF | 92 | 26.40B | Jul 2017 | WCME vs EMXC | |
| Invesco DWA Emerging Markets Momentum ETF | 92 | 257.92M | Dec 2007 | WCME vs PIE | |
| iShares MSCI Emerging Markets Value Factor ETF | 91 | — | Sep 2024 | WCME vs EVLU |
Top Performing WCME Alternatives (YTD)
WCME is at 17.58% YTD. There are 37 ETFs in the Emerging Markets Equities category with higher YTD returns, going as high as 47.80%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Emerging Markets Momentum ETF | 47.80% | 21.60M | Feb 2012 | WCME vs EEMO | |
| iShares MSCI Emerging Markets ex China ETF | 47.39% | 26.40B | Jul 2017 | WCME vs EMXC | |
| Invesco DWA Emerging Markets Momentum ETF | 46.17% | 257.92M | Dec 2007 | WCME vs PIE | |
| Columbia EM Core ex-China ETF | 43.27% | 2.09B | Sep 2015 | WCME vs XCEM | |
| Pacific North of South Global Emerging Markets Equ... | 39.92% | 366.05M | Jan 2025 | WCME vs GEME |
Lowest Volatility Alternatives to WCME
WCME has 22.05% 1-year volatility. There are 52 ETFs in the Emerging Markets Equities category with lower 1-year volatility, going as low as 7.35%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest Emerging Markets Buffer ETF - June | 7.35% | — | Jun 2025 | WCME vs TJUN | |
| FT Vest Emerging Markets Buffer ETF - December | 10.50% | 10.25M | Dec 2024 | WCME vs TDEC | |
| ProShares MSCI Emerging Markets Dividend Growers E... | 11.48% | 7.21M | Jan 2016 | WCME vs EMDV | |
| SPDR S&P Emerging Markets Dividend ETF | 12.60% | 1.28B | Feb 2011 | WCME vs EDIV | |
| iShares MSCI Qatar ETF | 13.27% | 67.45M | Apr 2014 | WCME vs QAT |
Lowest Drawdown Alternatives to WCME
WCME has a 1-year max drawdown of -15.64%. There are 57 ETFs in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -4.47%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest Emerging Markets Buffer ETF - June | -4.47% | — | Jun 2025 | WCME vs TJUN | |
| iShares Emerging Markets Dividend ETF | -7.10% | 1.21B | Feb 2012 | WCME vs DVYE | |
| ProShares MSCI Emerging Markets Dividend Growers E... | -7.24% | 7.21M | Jan 2016 | WCME vs EMDV | |
| WisdomTree Emerging Markets Equity Income Fund | -7.89% | 4.03B | Jul 2007 | WCME vs DEM | |
| SPDR S&P Emerging Markets Small Cap ETF | -7.98% | 747.02M | May 2008 | WCME vs EWX |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 13 categories. AUM among these funds goes as high as $14B.
Often Compared With WCME
Investors most often compare WCME with IBIC, BDRY, EMCS. 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