EMC vs. XCNY

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Emerging Markets Great Consumer ETF (EMC) and SPDR S&P Emerging Markets ex-China ETF (XCNY).

EMC and XCNY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMC is an actively managed fund by Global X. It was launched on Sep 24, 2010. XCNY is a passively managed fund by State Street that tracks the performance of the S&P Emerging ex-China BMI. It was launched on Sep 4, 2024.

Performance

EMC vs. XCNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Emerging Markets Great Consumer ETF (EMC) and SPDR S&P Emerging Markets ex-China ETF (XCNY). The values are adjusted to include any dividend payments, if applicable.

EMC vs. XCNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EMC Global X Emerging Markets Great Consumer ETF	0.47%	18.91%	0.08%
XCNY SPDR S&P Emerging Markets ex-China ETF	2.45%	20.42%	-3.51%

Returns By Period

In the year-to-date period, EMC achieves a 0.47% return, which is significantly lower than XCNY's 2.45% return.

EMC

• 1D: 3.61%
• 1M: -9.47%
• YTD: 0.47%
• 6M: -0.44%
• 1Y: 18.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XCNY

• 1D: 3.52%
• 1M: -7.56%
• YTD: 2.45%
• 6M: 7.28%
• 1Y: 26.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMC vs. XCNY - Expense Ratio Comparison

EMC has a 0.75% expense ratio, which is higher than XCNY's 0.15% expense ratio.

EMC

Global X Emerging Markets Great Consumer ETF

XCNY

SPDR S&P Emerging Markets ex-China ETF

Return for Risk

EMC vs. XCNY — Risk / Return Rank

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

EMC

EMC Risk / Return Rank: 50
EMC Sharpe Ratio Rank: 49
EMC Sortino Ratio Rank: 51
EMC Omega Ratio Rank: 48
EMC Calmar Ratio Rank: 52
EMC Martin Ratio Rank: 51

XCNY

XCNY Risk / Return Rank: 78
XCNY Sharpe Ratio Rank: 77
XCNY Sortino Ratio Rank: 79
XCNY Omega Ratio Rank: 77
XCNY Calmar Ratio Rank: 80
XCNY Martin Ratio Rank: 79

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.

EMC vs. XCNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Great Consumer ETF (EMC) and SPDR S&P Emerging Markets ex-China ETF (XCNY). 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.

	EMC	XCNY	Difference
Sharpe ratio Return per unit of total volatility	0.90	1.44	-0.54
Sortino ratio Return per unit of downside risk	1.38	2.09	-0.71
Omega ratio Gain probability vs. loss probability	1.19	1.30	-0.11
Calmar ratio Return relative to maximum drawdown	1.34	2.26	-0.92
Martin ratio Return relative to average drawdown	5.02	8.84	-3.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMC vs. XCNY - Sharpe Ratio Comparison

The current EMC Sharpe Ratio is 0.90, which is lower than the XCNY Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of EMC and XCNY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMC	XCNY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	1.44	-0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.69	-0.21

Correlation

The correlation between EMC and XCNY is 0.85, 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

EMC vs. XCNY - Dividend Comparison

EMC's dividend yield for the trailing twelve months is around 0.78%, less than XCNY's 2.62% yield.

	TTM	2025	2024	2023
EMC Global X Emerging Markets Great Consumer ETF	0.78%	0.78%	1.13%	0.89%
XCNY SPDR S&P Emerging Markets ex-China ETF	2.62%	2.68%	1.07%	0.00%

Drawdowns

EMC vs. XCNY - Drawdown Comparison

The maximum EMC drawdown since its inception was -18.38%, smaller than the maximum XCNY drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for EMC and XCNY.

Drawdown Indicators

	EMC	XCNY	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-19.70%	+1.32%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	-11.86%	-2.03%
Current Drawdown Current decline from peak	-10.78%	-8.75%	-2.03%
Average Drawdown Average peak-to-trough decline	-4.20%	-4.38%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	3.03%	+0.68%

Volatility

EMC vs. XCNY - Volatility Comparison

Global X Emerging Markets Great Consumer ETF (EMC) has a higher volatility of 10.57% compared to SPDR S&P Emerging Markets ex-China ETF (XCNY) at 8.99%. This indicates that EMC's price experiences larger fluctuations and is considered to be riskier than XCNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMC	XCNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.57%	8.99%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	15.31%	12.38%	+2.93%
Volatility (1Y) Calculated over the trailing 1-year period	21.18%	18.81%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	17.14%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.72%	17.14%	+0.58%