EDGI vs. KEMX

Last updated Jun 23, 2026

EDGI (3EDGE Dynamic International Equity ETF) and KEMX (KraneShares MSCI Emerging Markets ex China Index ETF) are both Foreign Large Cap Equities funds. EDGI is actively managed, while KEMX is passively managed. Over the past year, EDGI returned 27.85% vs 71.39% for KEMX. Their correlation of 0.82 suggests significant overlap in exposure. EDGI charges 0.97%/yr vs 0.25%/yr for KEMX.

Performance

EDGI vs. KEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 3EDGE Dynamic International Equity ETF (EDGI) and KraneShares MSCI Emerging Markets ex China Index ETF (KEMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDGI achieves a 11.73% return, which is significantly lower than KEMX's 38.57% return.

EDGI

• 1D: 0.25%
• 1M: 3.18%
• YTD: 11.73%
• 6M: 12.24%
• 1Y: 27.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KEMX

• 1D: -5.69%
• 1M: 5.55%
• YTD: 38.57%
• 6M: 40.16%
• 1Y: 71.39%
• 3Y*: 28.36%
• 5Y*: 13.33%
• 10Y*: —

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

EDGI vs. KEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EDGI 3EDGE Dynamic International Equity ETF	11.73%	26.77%	-7.13%
KEMX KraneShares MSCI Emerging Markets ex China Index ETF	38.57%	38.28%	-7.88%

Correlation

The correlation between EDGI and KEMX is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	0.83

The correlation between EDGI and KEMX has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.

EDGI vs. KEMX - Sectors Allocation Comparison

Sectors	EDGI	KEMX
Industrials	20.4%	7.6%
Technology	19.5%	46.8%
Financial Services	18.6%	18.7%
Consumer Cyclical	11.2%	5.5%
Basic Materials	6.6%	7.6%
Healthcare	6.1%	1.5%
Communication Services	5.9%	2.9%
Consumer Defensive	4.1%	2.6%
Energy	3.0%	4.0%
Real Estate	2.5%	1.0%
Utilities	2.0%	1.7%

Return for Risk

EDGI vs. KEMX — Risk / Return Rank

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

EDGI

EDGI Risk / Return Rank: 50
EDGI Sharpe Ratio Rank: 54
EDGI Sortino Ratio Rank: 52
EDGI Omega Ratio Rank: 54
EDGI Calmar Ratio Rank: 45
EDGI Martin Ratio Rank: 47

KEMX

KEMX Risk / Return Rank: 87
KEMX Sharpe Ratio Rank: 90
KEMX Sortino Ratio Rank: 82
KEMX Omega Ratio Rank: 87
KEMX Calmar Ratio Rank: 87
KEMX Martin Ratio Rank: 87

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.

EDGI vs. KEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3EDGE Dynamic International Equity ETF (EDGI) and KraneShares MSCI Emerging Markets ex China Index ETF (KEMX). 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.

	EDGI	KEMX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.84	-1.07
Sortino ratio: Return per unit of downside risk	2.45	3.38	-0.94
Omega ratio: Gain probability vs. loss probability	1.33	1.51	-0.18
Calmar ratio: Return relative to maximum drawdown	2.18	4.67	-2.49
Martin ratio: Return relative to average drawdown	7.71	17.76	-10.05

EDGI vs. KEMX - Sharpe Ratio Comparison

The current EDGI Sharpe Ratio is 1.77, which is lower than the KEMX Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of EDGI and KEMX, 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

EDGI vs. KEMX - Drawdown Comparison

The maximum EDGI drawdown since its inception was -14.52%, smaller than the maximum KEMX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for EDGI and KEMX.

Drawdown Indicators

	EDGI	KEMX	Difference
Max Drawdown Largest peak-to-trough decline	-14.52%	-38.80%	+24.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.84%	-15.36%	+2.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.85%	—
Current Drawdown Current decline from peak	0.00%	-5.69%	+5.69%
Average Drawdown Average peak-to-trough decline	-2.87%	-8.82%	+5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	4.03%	-0.41%

Volatility

EDGI vs. KEMX - Volatility Comparison

The current volatility for 3EDGE Dynamic International Equity ETF (EDGI) is 5.67%, while KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) has a volatility of 13.52%. This indicates that EDGI experiences smaller price fluctuations and is considered to be less risky than KEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDGI	KEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.67%	13.52%	-7.85%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	23.20%	-9.49%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	25.26%	-9.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.35%	18.96%	-2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.35%	21.33%	-4.98%

EDGI vs. KEMX - Expense Ratio Comparison

EDGI has a 0.97% expense ratio, which is higher than KEMX's 0.25% expense ratio.

Dividends

EDGI vs. KEMX - Dividend Comparison

EDGI's dividend yield for the trailing twelve months is around 1.77%, less than KEMX's 2.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EDGI 3EDGE Dynamic International Equity ETF	1.77%	1.97%	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%
KEMX KraneShares MSCI Emerging Markets ex China Index ETF	2.37%	3.28%	3.39%	2.00%	4.10%	4.79%	1.69%	2.77%

Frequently Asked Questions

Can I hold both EDGI and KEMX in my portfolio?

EDGI and KEMX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDGI or KEMX?

KEMX has higher volatility (13.52%) compared to EDGI (5.67%). In terms of maximum drawdown, EDGI dropped -14.52% vs KEMX's -38.80%.

Which ETF is better, EDGI or KEMX?

On 1-year performance, KEMX leads with 71.39% vs 27.85% for EDGI. On fees, KEMX is cheaper at 0.25% per year. On volatility, EDGI has been the lower-risk option at 5.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGI or KEMX?

Over the 1-year period, KEMX has performed better with a 71.39% return vs 27.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGI or KEMX?

KEMX is cheaper with a 0.25% expense ratio, compared with 0.97% for EDGI.

Which ETF pays a higher dividend yield, EDGI or KEMX?

KEMX has the higher dividend yield at 2.37%, compared with 1.77% for EDGI.

What is the main difference between EDGI and KEMX?

They also come from different issuers: 3EDGE Asset Management and CICC. Their fees differ too: 0.97% for EDGI and 0.25% for KEMX.

Which has better risk-adjusted returns?

KEMX currently has the higher Sharpe Ratio (2.84 vs 1.77), 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.