EEM vs. STXE

Last updated Jun 4, 2026

EEM (iShares MSCI Emerging Markets ETF) and STXE (Strive Emerging Markets Ex-China ETF) are both Emerging Markets Diversified funds - EEM tracks the MSCI Emerging Markets Index while STXE tracks the Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, EEM returned 23.95%/yr vs 29.77%/yr for STXE. Their correlation of 0.86 suggests significant overlap in exposure. EEM charges 0.72%/yr vs 0.32%/yr for STXE.

Performance

EEM vs. STXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets ETF (EEM) and Strive Emerging Markets Ex-China ETF (STXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EEM achieves a 27.80% return, which is significantly lower than STXE's 47.29% return.

EEM

• 1D: -1.24%
• 1M: 9.08%
• YTD: 27.80%
• 6M: 30.51%
• 1Y: 55.80%
• 3Y*: 23.95%
• 5Y*: 7.01%
• 10Y*: 9.93%

STXE

• 1D: -1.00%
• 1M: 15.10%
• YTD: 47.29%
• 6M: 52.92%
• 1Y: 84.40%
• 3Y*: 29.77%
• 5Y*: —
• 10Y*: —

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

EEM vs. STXE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EEM iShares MSCI Emerging Markets ETF	27.80%	33.98%	6.49%	-0.17%
STXE Strive Emerging Markets Ex-China ETF	47.29%	34.23%	2.09%	11.74%

Correlation

The correlation between EEM and STXE 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 (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023	0.86

The correlation between EEM and STXE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

EEM vs. STXE - Sectors Allocation Comparison

Sectors	EEM	STXE
Technology	43.6%	47.7%
Financial Services	17.5%	22.5%
Consumer Cyclical	8.1%	4.0%
Industrials	6.2%	5.9%
Basic Materials	6.1%	7.1%
Communication Services	5.7%	3.2%
Energy	3.3%	3.9%
Consumer Defensive	2.7%	2.2%
Healthcare	2.5%	1.1%
Utilities	2.0%	2.0%
Real Estate	0.9%	0.4%

Return for Risk

EEM vs. STXE — Risk / Return Rank

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

EEM

EEM Risk / Return Rank: 81
EEM Sharpe Ratio Rank: 84
EEM Sortino Ratio Rank: 79
EEM Omega Ratio Rank: 83
EEM Calmar Ratio Rank: 79
EEM Martin Ratio Rank: 80

STXE

STXE Risk / Return Rank: 92
STXE Sharpe Ratio Rank: 94
STXE Sortino Ratio Rank: 92
STXE Omega Ratio Rank: 93
STXE Calmar Ratio Rank: 91
STXE Martin Ratio Rank: 92

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.

EEM vs. STXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ETF (EEM) and Strive Emerging Markets Ex-China ETF (STXE). 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.

	EEM	STXE	Difference
Sharpe ratio Return per unit of total volatility	2.81	3.70	-0.89
Sortino ratio Return per unit of downside risk	3.62	4.47	-0.85
Omega ratio Gain probability vs. loss probability	1.51	1.65	-0.14
Calmar ratio Return relative to maximum drawdown	4.15	5.85	-1.70
Martin ratio Return relative to average drawdown	15.99	23.95	-7.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEM vs. STXE - Sharpe Ratio Comparison

The current EEM Sharpe Ratio is 2.81, which is comparable to the STXE Sharpe Ratio of 3.70. The chart below compares the historical Sharpe Ratios of EEM and STXE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EEM	STXE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	3.70	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	1.57	-1.19

Drawdowns

EEM vs. STXE - Drawdown Comparison

The maximum EEM drawdown since its inception was -66.43%, which is greater than STXE's maximum drawdown of -18.92%. Use the drawdown chart below to compare losses from any high point for EEM and STXE.

Drawdown Indicators

	EEM	STXE	Difference
Max Drawdown Largest peak-to-trough decline	-66.43%	-18.92%	-47.51%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-14.51%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	-17.29%	-18.92%	+1.63%
Max Drawdown (5Y) Largest decline over 5 years	-37.71%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.82%	—	—
Current Drawdown Current decline from peak	-1.24%	-1.00%	-0.24%
Average Drawdown Average peak-to-trough decline	-16.02%	-3.72%	-12.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	3.54%	-0.04%

Volatility

EEM vs. STXE - Volatility Comparison

The current volatility for iShares MSCI Emerging Markets ETF (EEM) is 8.52%, while Strive Emerging Markets Ex-China ETF (STXE) has a volatility of 10.53%. This indicates that EEM experiences smaller price fluctuations and is considered to be less risky than STXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEM	STXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	10.53%	-2.01%
Volatility (6M) Calculated over the trailing 6-month period	17.42%	20.81%	-3.39%
Volatility (1Y) Calculated over the trailing 1-year period	19.97%	22.95%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.91%	17.68%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.50%	17.68%	+2.82%

EEM vs. STXE - Expense Ratio Comparison

EEM has a 0.72% expense ratio, which is higher than STXE's 0.32% expense ratio.

Dividends

EEM vs. STXE - Dividend Comparison

EEM's dividend yield for the trailing twelve months is around 1.74%, less than STXE's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEM iShares MSCI Emerging Markets ETF	1.74%	2.22%	2.43%	2.63%	2.50%	1.99%	1.45%	2.76%	2.24%	1.89%	1.89%	2.49%
STXE Strive Emerging Markets Ex-China ETF	1.83%	2.66%	3.22%	1.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EEM and STXE in my portfolio?

With a correlation of 0.92, EEM and STXE 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, EEM or STXE?

STXE has higher volatility (10.53%) compared to EEM (8.52%). In terms of maximum drawdown, EEM dropped -66.43% vs STXE's -18.92%.

Which ETF is better, EEM or STXE?

On 3-year performance, STXE leads with 29.77% vs 23.95% for EEM. On fees, STXE is cheaper at 0.32% per year. On volatility, EEM has been the lower-risk option at 8.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EEM or STXE?

Over the 3-year period, STXE has performed better with a 29.77% return vs 23.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EEM or STXE?

STXE is cheaper with a 0.32% expense ratio, compared with 0.72% for EEM.

Which ETF pays a higher dividend yield, EEM or STXE?

STXE has the higher dividend yield at 1.83%, compared with 1.74% for EEM.

What is the main difference between EEM and STXE?

EEM tracks MSCI Emerging Markets Index, while STXE tracks Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross. They also come from different issuers: iShares and Strive. Their fees differ too: 0.72% for EEM and 0.32% for STXE.

Which has better risk-adjusted returns?

STXE currently has the higher Sharpe Ratio (3.70 vs 2.81), 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.