AGEM vs. EMOP

Last updated Jun 24, 2026

AGEM (abrdn Emerging Markets Dividend Active ETF) and EMOP (AB Emerging Markets Opportunities ETF) are both Emerging Markets Equities funds. Both are actively managed. Over the past year, AGEM returned 56.63% vs 47.69% for EMOP. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.70% expense ratio.

Performance

AGEM vs. EMOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Emerging Markets Dividend Active ETF (AGEM) and AB Emerging Markets Opportunities ETF (EMOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with AGEM having a 27.99% return and EMOP slightly lower at 27.21%.

AGEM

• 1D: -4.79%
• 1M: 3.37%
• YTD: 27.99%
• 6M: 28.48%
• 1Y: 56.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMOP

• 1D: -4.78%
• 1M: 1.88%
• YTD: 27.21%
• 6M: 28.58%
• 1Y: 47.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGEM vs. EMOP - Yearly Performance Comparison

	2026 (YTD)	2025
AGEM abrdn Emerging Markets Dividend Active ETF	27.99%	21.56%
EMOP AB Emerging Markets Opportunities ETF	27.21%	16.48%

Correlation

The correlation between AGEM and EMOP is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.92

The correlation between AGEM and EMOP has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

Return for Risk

AGEM vs. EMOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGEM

AGEM Risk / Return Rank: 83
AGEM Sharpe Ratio Rank: 86
AGEM Sortino Ratio Rank: 78
AGEM Omega Ratio Rank: 84
AGEM Calmar Ratio Rank: 83
AGEM Martin Ratio Rank: 83

EMOP

EMOP Risk / Return Rank: 76
EMOP Sharpe Ratio Rank: 77
EMOP Sortino Ratio Rank: 68
EMOP Omega Ratio Rank: 78
EMOP Calmar Ratio Rank: 78
EMOP Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGEM vs. EMOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Emerging Markets Dividend Active ETF (AGEM) and AB Emerging Markets Opportunities ETF (EMOP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AGEM	EMOP	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.21	+0.31
Sortino ratio: Return per unit of downside risk	3.16	2.81	+0.35
Omega ratio: Gain probability vs. loss probability	1.46	1.41	+0.05
Calmar ratio: Return relative to maximum drawdown	4.09	3.72	+0.37
Martin ratio: Return relative to average drawdown	15.21	13.88	+1.33

AGEM vs. EMOP - Sharpe Ratio Comparison

The current AGEM Sharpe Ratio is 2.53, which is comparable to the EMOP Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of AGEM and EMOP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGEM vs. EMOP - Drawdown Comparison

The maximum AGEM drawdown since its inception was -15.58%, which is greater than EMOP's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for AGEM and EMOP.

Drawdown Indicators

	AGEM	EMOP	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-12.88%	-2.70%
Max Drawdown (1Y) Largest decline over 1 year	-13.92%	-12.88%	-1.04%
Current Drawdown Current decline from peak	-4.79%	-4.78%	-0.01%
Average Drawdown Average peak-to-trough decline	-2.30%	-2.00%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	3.44%	+0.29%

Volatility

AGEM vs. EMOP - Volatility Comparison

abrdn Emerging Markets Dividend Active ETF (AGEM) has a higher volatility of 11.80% compared to AB Emerging Markets Opportunities ETF (EMOP) at 10.76%. This indicates that AGEM's price experiences larger fluctuations and is considered to be riskier than EMOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGEM	EMOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.80%	10.76%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	20.42%	19.59%	+0.83%
Volatility (1Y) Calculated over the trailing 1-year period	22.51%	21.65%	+0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.90%	21.57%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.90%	21.57%	+1.33%

AGEM vs. EMOP - Expense Ratio Comparison

Both AGEM and EMOP have an expense ratio of 0.70%.

Dividends

AGEM vs. EMOP - Dividend Comparison

AGEM's dividend yield for the trailing twelve months is around 2.33%, more than EMOP's 0.85% yield.

Position	TTM	2025
AGEM abrdn Emerging Markets Dividend Active ETF	2.33%	1.80%
EMOP AB Emerging Markets Opportunities ETF	0.85%	0.27%

Frequently Asked Questions

Can I hold both AGEM and EMOP in my portfolio?

With a correlation of 0.92, AGEM and EMOP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AGEM or EMOP?

AGEM has higher volatility (11.80%) compared to EMOP (10.76%). In terms of maximum drawdown, AGEM dropped -15.58% vs EMOP's -12.88%.

Which ETF is better, AGEM or EMOP?

On 1-year performance, AGEM leads with 56.63% vs 47.69% for EMOP. Both ETFs have the same 0.70% expense ratio. On volatility, EMOP has been the lower-risk option at 10.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGEM or EMOP?

Over the 1-year period, AGEM has performed better with a 56.63% return vs 47.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGEM or EMOP?

AGEM and EMOP have the same expense ratio: 0.70% per year.

Which ETF pays a higher dividend yield, AGEM or EMOP?

AGEM has the higher dividend yield at 2.33%, compared with 0.85% for EMOP.

What is the main difference between AGEM and EMOP?

They also come from different issuers: abrdn and AllianceBernstein.

Which has better risk-adjusted returns?

AGEM currently has the higher Sharpe Ratio (2.53 vs 2.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.