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CASH vs. EMXC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CASH vs. EMXC

Last updated Jun 13, 2026

CASH (Meta Financial Group, Inc.) is a stock, while EMXC (iShares MSCI Emerging Markets ex China ETF) is Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index. Over the past 5 years, CASH returned 10.61%/yr vs 12.14%/yr for EMXC. At a 0.34 correlation, their price movements are largely independent.

Performance

CASH vs. EMXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meta Financial Group, Inc. (CASH) and iShares MSCI Emerging Markets ex China ETF (EMXC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CASH achieves a 18.69% return, which is significantly lower than EMXC's 37.25% return.

CASH

1D
1.52%
1M
5.41%
YTD
18.69%
6M
13.22%
1Y
13.46%
3Y*
19.00%
5Y*
10.61%
10Y*
17.80%

EMXC

1D
0.55%
1M
6.57%
YTD
37.25%
6M
42.23%
1Y
67.80%
3Y*
26.47%
5Y*
12.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CASH vs. EMXC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CASH
Meta Financial Group, Inc.		18.69%-3.25%39.47%23.45%-27.48%63.82%0.94%89.68%-36.81%-0.10%
EMXC
iShares MSCI Emerging Markets ex China ETF		37.25%35.14%2.68%18.96%-19.56%8.54%12.76%15.80%-12.96%7.16%

Correlation

The correlation between CASH and EMXC is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Jul 26, 2017

0.34

The correlation between CASH and EMXC shifts across timeframes, from 0.26 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.

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Meta Financial Group, Inc.

iShares MSCI Emerging Markets ex China ETF

Often compared with CASH:
CASH vs. QQQCASH vs. XDIV.TOCASH vs. VOOCASH vs. SPYCASH vs. XBAL.TOCASH vs. ARKKCASH vs. TFLO
Often compared with EMXC:
EMXC vs. XCEMEMXC vs. IEMGEMXC vs. VWOEMXC vs. EEMEMXC vs. SPEMEMXC vs. VEXCEMXC vs. VNM

Return for Risk

CASH vs. EMXC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CASH
CASH Risk / Return Rank: 5353
Overall Rank
CASH Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
CASH Sortino Ratio Rank: 4949
Sortino Ratio Rank
CASH Omega Ratio Rank: 5050
Omega Ratio Rank
CASH Calmar Ratio Rank: 5555
Calmar Ratio Rank
CASH Martin Ratio Rank: 5454
Martin Ratio Rank
EMXC
EMXC Risk / Return Rank: 8989
Overall Rank
EMXC Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
EMXC Sortino Ratio Rank: 8686
Sortino Ratio Rank
EMXC Omega Ratio Rank: 9090
Omega Ratio Rank
EMXC Calmar Ratio Rank: 8888
Calmar Ratio Rank
EMXC Martin Ratio Rank: 8989
Martin Ratio Rank
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.

CASH vs. EMXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meta Financial Group, Inc. (CASH) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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.

CASHEMXCDifference
Sharpe ratioReturn per unit of total volatility
0.39
2.74

-2.35

Sortino ratioReturn per unit of downside risk
0.71
3.35

-2.63

Omega ratioGain probability vs. loss probability

1.10

1.50

-0.40

Calmar ratioReturn relative to maximum drawdown

0.51

4.55

-4.04

Martin ratioReturn relative to average drawdown

1.01

17.51

-16.50

CASH vs. EMXC - Sharpe Ratio Comparison

The current CASH Sharpe Ratio is 0.39, which is lower than the EMXC Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of CASH and EMXC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CASH vs. EMXC - Drawdown Comparison

The maximum CASH drawdown since its inception was -83.66%, which is greater than EMXC's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for CASH and EMXC.

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Drawdown Indicators

CASHEMXCDifference

Max Drawdown

Largest peak-to-trough decline

-83.66%

-42.81%

-40.85%

Max Drawdown (1Y)

Largest decline over 1 year

-22.21%

-14.41%

-7.80%

Max Drawdown (3Y)

Largest decline over 3 years

-25.20%

-19.12%

-6.08%

Max Drawdown (5Y)

Largest decline over 5 years

-50.84%

-28.91%

-21.93%

Max Drawdown (10Y)

Largest decline over 10 years

-64.90%

—

—

Current Drawdown

Current decline from peak

-15.72%

-4.12%

-11.60%

Average Drawdown

Average peak-to-trough decline

-22.89%

-10.17%

-12.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.07%

3.74%

+7.33%

Volatility

CASH vs. EMXC - Volatility Comparison

The current volatility for Meta Financial Group, Inc. (CASH) is 7.26%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 12.83%. This indicates that CASH experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CASHEMXCDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.26%

12.83%

-5.57%

Volatility (6M)

Calculated over the trailing 6-month period

22.61%

21.90%

+0.71%

Volatility (1Y)

Calculated over the trailing 1-year period

28.77%

23.90%

+4.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.62%

18.00%

+15.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.29%

20.07%

+21.22%

Dividends

CASH vs. EMXC - Dividend Comparison

CASH's dividend yield for the trailing twelve months is around 0.30%, less than EMXC's 2.05% yield.

PositionTTM20252024202320222021202020192018201720162015
CASH
Meta Financial Group, Inc.		0.24%0.28%0.27%0.38%0.46%0.34%0.55%0.55%0.96%0.56%0.51%1.13%
EMXC
iShares MSCI Emerging Markets ex China ETF		2.05%2.82%2.69%1.83%2.85%1.78%1.45%3.25%2.63%0.99%0.00%0.00%

Frequently Asked Questions

CASH and EMXC have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EMXC has higher volatility (12.83%) compared to CASH (7.26%). In terms of maximum drawdown, CASH dropped -83.66% vs EMXC's -42.81%.

EMXC currently has the higher Sharpe Ratio (2.74 vs 0.39), 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.

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