EMC vs. RNEM

Last updated Aug 4, 2026

EMC (Global X Emerging Markets Great Consumer ETF) and RNEM (First Trust Emerging Markets Equity Select ETF) are both Emerging Markets Equities funds. EMC is actively managed, while RNEM is passively managed. Over the past 3 years, EMC returned 13.10%/yr vs 7.48%/yr for RNEM. Their 0.73 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.

Performance

EMC vs. RNEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Emerging Markets Great Consumer ETF (EMC) and First Trust Emerging Markets Equity Select ETF (RNEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMC achieves a 17.02% return, which is significantly higher than RNEM's 4.10% return.

EMC

• 1D: 1.19%
• 1M: -1.41%
• 6M: 8.04%
• YTD: 17.02%
• 1Y: 25.57%
• 3Y*: 13.10%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.64%

RNEM

• 1D: 0.14%
• 1M: 4.17%
• 6M: 0.60%
• YTD: 4.10%
• 1Y: 9.49%
• 3Y*: 7.48%
• 5Y*: 5.66%
• 10Y*: —
• ALL TIME*: 4.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EMC Global X Emerging Markets Great Consumer ETF	$303.53K	$204.31K	$229.90K
RNEM First Trust Emerging Markets Equity Select ETF	$36.95K	$31.61K	$54.56K

EMC vs. RNEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EMC Global X Emerging Markets Great Consumer ETF	17.02%	18.91%	3.75%	1.62%
RNEM First Trust Emerging Markets Equity Select ETF	4.10%	15.58%	-1.47%	12.60%

Correlation

The correlation between EMC and RNEM is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (All Time) Calculated using the full available price history since May 15, 2023	0.73

The correlation between EMC and RNEM has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.

EMC vs. RNEM - Sectors Allocation Comparison

Sectors	EMC	RNEM
Technology	44.9%	6.5%
Financial Services	21.4%	36.0%
Consumer Cyclical	8.8%	10.0%
Communication Services	7.4%	8.5%
Industrials	6.1%	4.1%
Basic Materials	3.1%	13.8%
Energy	3.0%	6.5%
Consumer Defensive	2.0%	5.9%
Healthcare	2.0%	4.5%
Real Estate	1.4%	0.8%
Utilities	-	3.4%

Return for Risk

EMC vs. RNEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EMC

EMC Risk / Return Rank: 42
EMC Sharpe Ratio Rank: 39
EMC Sortino Ratio Rank: 39
EMC Omega Ratio Rank: 40
EMC Calmar Ratio Rank: 48
EMC Martin Ratio Rank: 45

RNEM

RNEM Risk / Return Rank: 29
RNEM Sharpe Ratio Rank: 31
RNEM Sortino Ratio Rank: 30
RNEM Omega Ratio Rank: 29
RNEM Calmar Ratio Rank: 27
RNEM Martin Ratio Rank: 28

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EMC vs. RNEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Great Consumer ETF (EMC) and First Trust Emerging Markets Equity Select ETF (RNEM). 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	RNEM	Difference
Sharpe ratio: Return per unit of total volatility	1.05	0.76	+0.28
Sortino ratio: Return per unit of downside risk	1.54	1.16	+0.39
Omega ratio: Gain probability vs. loss probability	1.20	1.14	+0.06
Calmar ratio: Return relative to maximum drawdown	1.85	0.89	+0.96
Martin ratio: Return relative to average drawdown	5.44	2.35	+3.09

EMC vs. RNEM - Sharpe Ratio Comparison

The current EMC Sharpe Ratio is 1.05, which is higher than the RNEM Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of EMC and RNEM, 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

EMC vs. RNEM - Drawdown Comparison

The maximum EMC drawdown since its inception was -18.38%, smaller than the maximum RNEM drawdown of -38.38%. Use the drawdown chart below to compare losses from any high point for EMC and RNEM.

Drawdown Indicators

	EMC	RNEM	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-38.38%	+20.00%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	-10.71%	-3.18%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	-13.09%	-5.29%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.41%	—
Current Drawdown Current decline from peak	-8.19%	-2.19%	-6.00%
Average Drawdown Average peak-to-trough decline	-4.23%	-9.22%	+4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	4.04%	+0.67%

Volatility

EMC vs. RNEM - Volatility Comparison

Global X Emerging Markets Great Consumer ETF (EMC) has a higher volatility of 9.28% compared to First Trust Emerging Markets Equity Select ETF (RNEM) at 3.09%. This indicates that EMC's price experiences larger fluctuations and is considered to be riskier than RNEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMC	RNEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.28%	3.09%	+6.19%
Volatility (6M) Calculated over the trailing 6-month period	22.22%	10.83%	+11.39%
Volatility (1Y) Calculated over the trailing 1-year period	24.58%	12.51%	+12.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	14.47%	+5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.72%	17.14%	+2.58%

EMC vs. RNEM - Expense Ratio Comparison

Both EMC and RNEM have an expense ratio of 0.75%.

Dividends

EMC vs. RNEM - Dividend Comparison

EMC's dividend yield for the trailing twelve months is around 0.58%, less than RNEM's 2.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
RNEM First Trust Emerging Markets Equity Select ETF	2.28%	2.75%	3.45%	1.63%	2.99%	3.20%	3.01%	2.85%	2.85%	2.28%

Frequently Asked Questions

Can I hold both EMC and RNEM in my portfolio?

EMC and RNEM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMC or RNEM?

EMC has higher volatility (9.28%) compared to RNEM (3.09%). In terms of maximum drawdown, EMC dropped -18.38% vs RNEM's -38.38%.

Which ETF is better, EMC or RNEM?

On 3-year performance, EMC leads with 13.10% vs 7.48% for RNEM. Both ETFs have the same 0.75% expense ratio. On volatility, RNEM has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMC or RNEM?

Over the 3-year period, EMC has performed better with a 13.10% return vs 7.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMC or RNEM?

EMC and RNEM have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, EMC or RNEM?

RNEM has the higher dividend yield at 2.28%, compared with 0.58% for EMC.

What is the main difference between EMC and RNEM?

They also come from different issuers: Global X and First Trust.

Which has better risk-adjusted returns?

EMC currently has the higher Sharpe Ratio (1.05 vs 0.76), 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.