EMCR vs. EQLT

Last updated Jun 23, 2026

EMCR (Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF) and EQLT (iShares MSCI Emerging Markets Quality Factor ETF) are both Emerging Markets Equities funds - EMCR tracks the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net while EQLT tracks the MSCI Emerging Markets Quality Factor Select Index. Both are passively managed. Over the past year, EMCR returned 50.14% vs 61.62% for EQLT. Their correlation of 0.94 suggests significant overlap in exposure. EMCR charges 0.15%/yr vs 0.35%/yr for EQLT.

Performance

EMCR vs. EQLT - 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 iShares MSCI Emerging Markets Quality Factor ETF (EQLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMCR achieves a 25.27% return, which is significantly lower than EQLT's 33.07% return.

EMCR

• 1D: 0.42%
• 1M: 7.36%
• YTD: 25.27%
• 6M: 26.91%
• 1Y: 50.14%
• 3Y*: 24.41%
• 5Y*: 9.77%
• 10Y*: —

EQLT

• 1D: -0.75%
• 1M: 5.30%
• YTD: 33.07%
• 6M: 34.67%
• 1Y: 61.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMCR vs. EQLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF	25.27%	33.25%	2.11%
EQLT iShares MSCI Emerging Markets Quality Factor ETF	33.07%	33.93%	-1.29%

Correlation

The correlation between EMCR and EQLT is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.94

The correlation between EMCR and EQLT has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

EMCR vs. EQLT - Sectors Allocation Comparison

Sectors	EMCR	EQLT
Technology	42.2%	36.1%
Financial Services	18.9%	17.4%
Consumer Cyclical	9.6%	10.1%
Communication Services	8.8%	6.3%
Industrials	6.3%	10.8%
Healthcare	5.0%	2.6%
Basic Materials	3.5%	6.8%
Consumer Defensive	2.5%	3.2%
Real Estate	1.7%	1.2%
Utilities	1.4%	1.9%
Energy	0.1%	3.7%

Return for Risk

EMCR vs. EQLT — Risk / Return Rank

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

EMCR

EMCR Risk / Return Rank: 74
EMCR Sharpe Ratio Rank: 77
EMCR Sortino Ratio Rank: 69
EMCR Omega Ratio Rank: 78
EMCR Calmar Ratio Rank: 74
EMCR Martin Ratio Rank: 73

EQLT

EQLT Risk / Return Rank: 87
EQLT Sharpe Ratio Rank: 88
EQLT Sortino Ratio Rank: 82
EQLT Omega Ratio Rank: 85
EQLT Calmar Ratio Rank: 89
EQLT Martin Ratio Rank: 90

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. EQLT - 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 iShares MSCI Emerging Markets Quality Factor ETF (EQLT). 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	EQLT	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.77	-0.41
Sortino ratio: Return per unit of downside risk	3.03	3.48	-0.46
Omega ratio: Gain probability vs. loss probability	1.44	1.50	-0.06
Calmar ratio: Return relative to maximum drawdown	3.64	5.16	-1.52
Martin ratio: Return relative to average drawdown	13.38	20.06	-6.68

EMCR vs. EQLT - Sharpe Ratio Comparison

The current EMCR Sharpe Ratio is 2.36, which is comparable to the EQLT Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of EMCR and EQLT, 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. EQLT - Drawdown Comparison

The maximum EMCR drawdown since its inception was -34.28%, which is greater than EQLT's maximum drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for EMCR and EQLT.

Drawdown Indicators

	EMCR	EQLT	Difference
Max Drawdown Largest peak-to-trough decline	-34.28%	-17.38%	-16.90%
Max Drawdown (1Y) Largest decline over 1 year	-13.84%	-12.00%	-1.84%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.28%	—	—
Current Drawdown Current decline from peak	0.00%	-0.75%	+0.75%
Average Drawdown Average peak-to-trough decline	-9.29%	-3.58%	-5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	3.08%	+0.68%

Volatility

EMCR vs. EQLT - Volatility Comparison

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) has a higher volatility of 10.20% compared to iShares MSCI Emerging Markets Quality Factor ETF (EQLT) at 9.50%. This indicates that EMCR's price experiences larger fluctuations and is considered to be riskier than EQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMCR	EQLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.20%	9.50%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	19.05%	20.19%	-1.14%
Volatility (1Y) Calculated over the trailing 1-year period	21.39%	22.37%	-0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.69%	21.09%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.06%	21.09%	-1.03%

EMCR vs. EQLT - Expense Ratio Comparison

EMCR has a 0.15% expense ratio, which is lower than EQLT's 0.35% expense ratio.

Dividends

EMCR vs. EQLT - Dividend Comparison

EMCR's dividend yield for the trailing twelve months is around 1.40%, less than EQLT's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF	1.40%	2.43%	6.62%	1.95%	3.05%	1.83%	1.75%	3.15%	0.19%
EQLT iShares MSCI Emerging Markets Quality Factor ETF	2.51%	3.10%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMCR and EQLT in my portfolio?

With a correlation of 0.95, EMCR and EQLT 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.

Which is riskier, EMCR or EQLT?

EMCR has higher volatility (10.20%) compared to EQLT (9.50%). In terms of maximum drawdown, EMCR dropped -34.28% vs EQLT's -17.38%.

Which ETF is better, EMCR or EQLT?

On 1-year performance, EQLT leads with 61.62% vs 50.14% for EMCR. On fees, EMCR is cheaper at 0.15% per year. On volatility, EQLT has been the lower-risk option at 9.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMCR or EQLT?

Over the 1-year period, EQLT has performed better with a 61.62% return vs 50.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMCR or EQLT?

EMCR is cheaper with a 0.15% expense ratio, compared with 0.35% for EQLT.

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

EQLT has the higher dividend yield at 2.51%, compared with 1.40% for EMCR.

What is the main difference between EMCR and EQLT?

EMCR tracks Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net, while EQLT tracks MSCI Emerging Markets Quality Factor Select Index. They also come from different issuers: Deutsche Bank and iShares. Their fees differ too: 0.15% for EMCR and 0.35% for EQLT.

Which has better risk-adjusted returns?

EQLT currently has the higher Sharpe Ratio (2.77 vs 2.36), 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.