EMC vs. IEMG
EMC (Global X Emerging Markets Great Consumer ETF) and IEMG (iShares Core MSCI Emerging Markets ETF) are both Emerging Markets Diversified funds. EMC is actively managed, while IEMG is passively managed. Over the past 3 years, EMC returned 13.07%/yr vs 19.51%/yr for IEMG. Their correlation of 0.94 suggests significant overlap in exposure. EMC charges 0.75%/yr vs 0.09%/yr for IEMG.
Performance
EMC vs. IEMG - Performance Comparison
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Returns By Period
In the year-to-date period, EMC achieves a 18.17% return, which is significantly lower than IEMG's 19.55% return.
EMC
- 1D
- 1.41%
- 1M
- -3.21%
- 6M
- 13.00%
- YTD
- 18.17%
- 1Y
- 25.56%
- 3Y*
- 13.07%
- 5Y*
- —
- 10Y*
- —
IEMG
- 1D
- 1.57%
- 1M
- -2.68%
- 6M
- 14.04%
- YTD
- 19.55%
- 1Y
- 35.88%
- 3Y*
- 19.51%
- 5Y*
- 6.95%
- 10Y*
- 9.21%
EMC vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMC Global X Emerging Markets Great Consumer ETF | 18.17% | 18.91% | 3.75% | 1.62% |
IEMG iShares Core MSCI Emerging Markets ETF | 19.55% | 32.56% | 6.50% | 8.78% |
Correlation
The correlation between EMC and IEMG is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 15, 2023 | 0.94 |
The correlation between EMC and IEMG has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
EMC vs. IEMG — Risk / Return Rank
EMC
IEMG
EMC vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Great Consumer ETF (EMC) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.
| EMC | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.73 | -0.88 |
| Martin ratioReturn relative to average drawdown | 6.19 | 9.28 | -3.09 |
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Drawdowns
EMC vs. IEMG - Drawdown Comparison
The maximum EMC drawdown since its inception was -18.38%, smaller than the maximum IEMG drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for EMC and IEMG.
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Drawdown Indicators
| EMC | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -38.71% | +20.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | -13.21% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | -17.21% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.71% | — |
Current DrawdownCurrent decline from peak | -7.29% | -7.30% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -12.91% | +8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 3.88% | +0.26% |
Volatility
EMC vs. IEMG - Volatility Comparison
Global X Emerging Markets Great Consumer ETF (EMC) and iShares Core MSCI Emerging Markets ETF (IEMG) have volatilities of 9.90% and 10.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMC | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.90% | 10.03% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 21.65% | 20.99% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 22.87% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.50% | 19.16% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 20.23% | -0.73% |
EMC vs. IEMG - Expense Ratio Comparison
EMC has a 0.75% expense ratio, which is higher than IEMG's 0.09% expense ratio.
Dividends
EMC vs. IEMG - Dividend Comparison
EMC's dividend yield for the trailing twelve months is around 0.58%, less than IEMG's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMC Global X Emerging Markets Great Consumer ETF | 0.58% | 0.78% | 1.13% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.25% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
Frequently Asked Questions
With a correlation of 0.96, EMC and IEMG 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.
IEMG has higher volatility (10.03%) compared to EMC (9.90%). In terms of maximum drawdown, EMC dropped -18.38% vs IEMG's -38.71%.
On 3-year performance, IEMG leads with 19.51% vs 13.07% for EMC. On fees, IEMG is cheaper at 0.09% per year. On volatility, EMC has been the lower-risk option at 9.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IEMG has performed better with a 19.51% return vs 13.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEMG is cheaper with a 0.09% expense ratio, compared with 0.75% for EMC.
IEMG has the higher dividend yield at 2.25%, compared with 0.58% for EMC.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.75% for EMC and 0.09% for IEMG.
IEMG currently has the higher Sharpe Ratio (1.58 vs 1.08), 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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