DIEM vs. FMQQ
DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) and FMQQ (FMQQ The Next Frontier Internet & Ecommerce ETF) are both Emerging Markets Diversified funds - DIEM tracks the Morningstar Emerging Markets Dividend Enhanced Select Index while FMQQ tracks the FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, DIEM returned 27.25%/yr vs 2.61%/yr for FMQQ. A 0.67 correlation means they provide meaningful diversification when combined. DIEM charges 0.19%/yr vs 0.86%/yr for FMQQ.
Performance
DIEM vs. FMQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DIEM achieves a 29.85% return, which is significantly higher than FMQQ's -17.33% return.
DIEM
- 1D
- -4.97%
- 1M
- 4.80%
- YTD
- 29.85%
- 6M
- 30.75%
- 1Y
- 53.23%
- 3Y*
- 27.25%
- 5Y*
- 11.58%
- 10Y*
- 9.27%
FMQQ
- 1D
- -1.59%
- 1M
- 0.22%
- YTD
- -17.33%
- 6M
- -17.61%
- 1Y
- -20.84%
- 3Y*
- 2.61%
- 5Y*
- —
- 10Y*
- —
DIEM vs. FMQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF | 29.85% | 30.81% | 12.29% | 15.41% | -20.61% | 1.21% |
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | -17.33% | 10.77% | 12.45% | 15.15% | -54.03% | -16.57% |
Correlation
The correlation between DIEM and FMQQ is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.67 |
The correlation between DIEM and FMQQ has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DIEM vs. FMQQ — Risk / Return Rank
DIEM
FMQQ
DIEM vs. FMQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) and FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ). 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.
| DIEM | FMQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.64 | ||
| Sortino ratioReturn per unit of downside risk | +4.70 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 0.83 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 4.34 | -0.68 | +5.02 |
| Martin ratioReturn relative to average drawdown | 16.81 | -1.28 | +18.09 |
Loading charts...
Drawdowns
DIEM vs. FMQQ - Drawdown Comparison
The maximum DIEM drawdown since its inception was -38.61%, smaller than the maximum FMQQ drawdown of -64.51%. Use the drawdown chart below to compare losses from any high point for DIEM and FMQQ.
Loading charts...
Drawdown Indicators
| DIEM | FMQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.61% | -64.51% | +25.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.33% | -30.82% | +18.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -30.82% | +14.00% |
Max Drawdown (5Y)Largest decline over 5 years | -33.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.61% | — | — |
Current DrawdownCurrent decline from peak | -4.97% | -55.31% | +50.34% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -49.41% | +39.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 16.34% | -13.16% |
Volatility
DIEM vs. FMQQ - Volatility Comparison
Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) has a higher volatility of 12.21% compared to FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) at 6.10%. This indicates that DIEM's price experiences larger fluctuations and is considered to be riskier than FMQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DIEM | FMQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 6.10% | +6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 19.22% | 16.16% | +3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.98% | 19.25% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 24.80% | -7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 24.80% | -6.89% |
DIEM vs. FMQQ - Expense Ratio Comparison
DIEM has a 0.19% expense ratio, which is lower than FMQQ's 0.86% expense ratio.
Dividends
DIEM vs. FMQQ - Dividend Comparison
DIEM's dividend yield for the trailing twelve months is around 1.63%, more than FMQQ's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF | 1.63% | 2.99% | 4.92% | 4.45% | 6.31% | 4.06% | 2.75% | 5.98% | 3.87% | 2.61% | 0.35% |
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | 0.74% | 0.61% | 0.45% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DIEM and FMQQ have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIEM has higher volatility (12.21%) compared to FMQQ (6.10%). In terms of maximum drawdown, DIEM dropped -38.61% vs FMQQ's -64.51%.
On 3-year performance, DIEM leads with 27.25% vs 2.61% for FMQQ. On fees, DIEM is cheaper at 0.19% per year. On volatility, FMQQ has been the lower-risk option at 6.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DIEM has performed better with a 27.25% return vs 2.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIEM is cheaper with a 0.19% expense ratio, compared with 0.86% for FMQQ.
DIEM has the higher dividend yield at 1.63%, compared with 0.74% for FMQQ.
DIEM tracks Morningstar Emerging Markets Dividend Enhanced Select Index, while FMQQ tracks FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net. They also come from different issuers: Franklin Templeton and EMQQ. Their fees differ too: 0.19% for DIEM and 0.86% for FMQQ.
DIEM currently has the higher Sharpe Ratio (2.55 vs -1.09), 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.
Find the right allocation for DIEM and FMQQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer