EMCR vs. EEMO

Last updated Jun 26, 2026

EMCR (Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF) and EEMO (Invesco S&P Emerging Markets Momentum ETF) are both exchange-traded funds - EMCR is a Emerging Markets Equities fund tracking the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net, while EEMO is a Momentum fund tracking the S&P Momentum Emerging Plus LargeMidCap Index. Both are passively managed. Over the past 5 years, EMCR returned 8.70%/yr vs 6.84%/yr for EEMO. A 0.79 correlation means they provide meaningful diversification when combined. EMCR charges 0.15%/yr vs 0.31%/yr for EEMO.

Performance

EMCR vs. EEMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) and Invesco S&P Emerging Markets Momentum ETF (EEMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMCR achieves a 20.91% return, which is significantly lower than EEMO's 41.14% return.

EMCR

• 1D: 1.63%
• 1M: 0.12%
• YTD: 20.91%
• 6M: 21.64%
• 1Y: 39.74%
• 3Y*: 22.83%
• 5Y*: 8.70%
• 10Y*: —

EEMO

• 1D: 3.82%
• 1M: 3.90%
• YTD: 41.14%
• 6M: 40.15%
• 1Y: 49.68%
• 3Y*: 24.60%
• 5Y*: 6.84%
• 10Y*: 9.15%

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

EMCR vs. EEMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF	20.91%	33.25%	9.69%	10.55%	-18.73%	5.54%	13.49%	22.41%	-2.49%
EEMO Invesco S&P Emerging Markets Momentum ETF	41.14%	10.99%	9.88%	13.90%	-18.73%	-5.57%	9.66%	21.17%	-3.78%

Correlation

The correlation between EMCR and EEMO is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 6, 2018	0.79

The correlation between EMCR and EEMO shifts across timeframes, from 0.79 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.

EMCR vs. EEMO - Sectors Allocation Comparison

Sectors	EMCR	EEMO
Technology	42.2%	53.0%
Financial Services	18.9%	15.4%
Consumer Cyclical	9.6%	2.8%
Communication Services	8.8%	1.2%
Industrials	6.3%	7.5%
Healthcare	5.0%	2.3%
Basic Materials	3.5%	9.9%
Consumer Defensive	2.5%	0.6%
Real Estate	1.7%	0.3%
Utilities	1.4%	1.0%
Energy	0.1%	0.8%

Return for Risk

EMCR vs. EEMO — Risk / Return Rank

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

EMCR

EMCR Risk / Return Rank: 64
EMCR Sharpe Ratio Rank: 63
EMCR Sortino Ratio Rank: 57
EMCR Omega Ratio Rank: 67
EMCR Calmar Ratio Rank: 66
EMCR Martin Ratio Rank: 65

EEMO

EEMO Risk / Return Rank: 66
EEMO Sharpe Ratio Rank: 56
EEMO Sortino Ratio Rank: 53
EEMO Omega Ratio Rank: 70
EEMO Calmar Ratio Rank: 75
EEMO Martin Ratio Rank: 75

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.

EMCR vs. EEMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) and Invesco S&P Emerging Markets Momentum ETF (EEMO). 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.

	EMCR	EEMO	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.64	+0.18
Sortino ratio: Return per unit of downside risk	2.38	2.24	+0.14
Omega ratio: Gain probability vs. loss probability	1.35	1.36	-0.01
Calmar ratio: Return relative to maximum drawdown	2.88	3.38	-0.50
Martin ratio: Return relative to average drawdown	10.51	12.20	-1.69

EMCR vs. EEMO - Sharpe Ratio Comparison

The current EMCR Sharpe Ratio is 1.83, which is comparable to the EEMO Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of EMCR and EEMO, 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

EMCR vs. EEMO - Drawdown Comparison

The maximum EMCR drawdown since its inception was -34.28%, smaller than the maximum EEMO drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for EMCR and EEMO.

Drawdown Indicators

	EMCR	EEMO	Difference
Max Drawdown Largest peak-to-trough decline	-34.28%	-48.47%	+14.19%
Max Drawdown (1Y) Largest decline over 1 year	-13.84%	-14.75%	+0.91%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	-26.06%	+7.68%
Max Drawdown (5Y) Largest decline over 5 years	-34.28%	-34.03%	-0.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.57%	—
Current Drawdown Current decline from peak	-3.49%	-4.50%	+1.01%
Average Drawdown Average peak-to-trough decline	-9.29%	-20.11%	+10.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	4.08%	-0.29%

Volatility

EMCR vs. EEMO - Volatility Comparison

The current volatility for Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) is 11.16%, while Invesco S&P Emerging Markets Momentum ETF (EEMO) has a volatility of 19.67%. This indicates that EMCR experiences smaller price fluctuations and is considered to be less risky than EEMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMCR	EEMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.16%	19.67%	-8.51%
Volatility (6M) Calculated over the trailing 6-month period	19.80%	28.97%	-9.17%
Volatility (1Y) Calculated over the trailing 1-year period	21.86%	30.38%	-8.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.83%	20.99%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.14%	22.36%	-2.22%

EMCR vs. EEMO - Expense Ratio Comparison

EMCR has a 0.15% expense ratio, which is lower than EEMO's 0.31% expense ratio.

Dividends

EMCR vs. EEMO - Dividend Comparison

EMCR's dividend yield for the trailing twelve months is around 1.45%, less than EEMO's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEMO Invesco S&P Emerging Markets Momentum ETF	1.61%	2.31%	2.57%	3.65%	3.82%	1.51%	1.53%	2.13%	13.10%	5.13%	1.55%	2.92%
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF	1.45%	2.43%	6.62%	1.95%	3.05%	1.83%	1.75%	3.15%	0.19%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMCR and EEMO in my portfolio?

EMCR and EEMO have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMCR or EEMO?

EEMO has higher volatility (19.67%) compared to EMCR (11.16%). In terms of maximum drawdown, EMCR dropped -34.28% vs EEMO's -48.47%.

Which ETF is better, EMCR or EEMO?

On 5-year performance, EMCR leads with 8.70% vs 6.84% for EEMO. On fees, EMCR is cheaper at 0.15% per year. On volatility, EMCR has been the lower-risk option at 11.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMCR or EEMO?

Over the 5-year period, EMCR has performed better with a 8.70% return vs 6.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMCR or EEMO?

EMCR is cheaper with a 0.15% expense ratio, compared with 0.31% for EEMO.

Which ETF pays a higher dividend yield, EMCR or EEMO?

EEMO has the higher dividend yield at 1.61%, compared with 1.45% for EMCR.

What is the main difference between EMCR and EEMO?

EMCR is categorized as Emerging Markets Equities, while EEMO is Momentum. EMCR tracks Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net, while EEMO tracks S&P Momentum Emerging Plus LargeMidCap Index. They also come from different issuers: Deutsche Bank and Invesco. Their fees differ too: 0.15% for EMCR and 0.31% for EEMO.

Which has better risk-adjusted returns?

EMCR currently has the higher Sharpe Ratio (1.83 vs 1.64), 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.