EEMS vs. EMSF
Compare and contrast key facts about iShares MSCI Emerging Markets Small-Cap ETF (EEMS) and Matthews Emerging Markets Sustainable Future Active ETF (EMSF).
EEMS and EMSF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEMS is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Small Cap Index. It was launched on Aug 16, 2011. EMSF is an actively managed fund by Matthews. It was launched on Sep 21, 2023.
Performance
EEMS vs. EMSF - Performance Comparison
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EEMS vs. EMSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 2.58% | 19.78% | 3.13% | 7.91% |
EMSF Matthews Emerging Markets Sustainable Future Active ETF | 9.99% | 19.20% | -3.09% | 1.88% |
Returns By Period
In the year-to-date period, EEMS achieves a 2.58% return, which is significantly lower than EMSF's 9.99% return.
EEMS
- 1D
- -0.77%
- 1M
- -1.61%
- YTD
- 2.58%
- 6M
- 4.20%
- 1Y
- 25.97%
- 3Y*
- 14.13%
- 5Y*
- 6.43%
- 10Y*
- 8.14%
EMSF
- 1D
- -0.85%
- 1M
- -1.83%
- YTD
- 9.99%
- 6M
- 6.34%
- 1Y
- 29.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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EEMS vs. EMSF - Expense Ratio Comparison
EEMS has a 0.73% expense ratio, which is lower than EMSF's 0.79% expense ratio.
Return for Risk
EEMS vs. EMSF — Risk / Return Rank
EEMS
EMSF
EEMS vs. EMSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Small-Cap ETF (EEMS) and Matthews Emerging Markets Sustainable Future Active ETF (EMSF). 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.
| EEMS | EMSF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 1.22 | +0.26 |
Sortino ratioReturn per unit of downside risk | 2.00 | 1.69 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.13 | +0.28 |
Martin ratioReturn relative to average drawdown | 8.53 | 7.08 | +1.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EEMS | EMSF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.22 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.50 | -0.22 |
Correlation
The correlation between EEMS and EMSF is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EEMS vs. EMSF - Dividend Comparison
EEMS's dividend yield for the trailing twelve months is around 3.01%, more than EMSF's 1.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 3.01% | 3.09% | 2.60% | 2.69% | 0.89% | 3.56% | 2.14% | 2.64% | 3.06% | 2.47% | 2.51% | 2.33% |
EMSF Matthews Emerging Markets Sustainable Future Active ETF | 1.71% | 1.88% | 3.29% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EEMS vs. EMSF - Drawdown Comparison
The maximum EEMS drawdown since its inception was -48.89%, which is greater than EMSF's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for EEMS and EMSF.
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Drawdown Indicators
| EEMS | EMSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.89% | -24.75% | -24.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -14.57% | +3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.89% | — | — |
Current DrawdownCurrent decline from peak | -8.57% | -10.46% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -10.60% | -5.97% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 4.39% | -1.29% |
Volatility
EEMS vs. EMSF - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Small-Cap ETF (EEMS) is 8.26%, while Matthews Emerging Markets Sustainable Future Active ETF (EMSF) has a volatility of 11.11%. This indicates that EEMS experiences smaller price fluctuations and is considered to be less risky than EMSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEMS | EMSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 11.11% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 19.42% | -7.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 24.59% | -6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.68% | 21.77% | -6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.79% | 21.77% | -3.98% |