EMCR vs. GEME
EMCR (Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. EMCR is passively managed, while GEME is actively managed. Over the past year, EMCR returned 39.74% vs 66.20% for GEME. Their correlation of 0.90 suggests significant overlap in exposure. EMCR charges 0.15%/yr vs 0.75%/yr for GEME.
Performance
EMCR vs. GEME - Performance Comparison
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Returns By Period
In the year-to-date period, EMCR achieves a 20.91% return, which is significantly lower than GEME's 34.41% return.
EMCR
- 1D
- 1.63%
- 1M
- 0.12%
- YTD
- 20.91%
- 6M
- 21.64%
- 1Y
- 39.74%
- 3Y*
- 22.83%
- 5Y*
- 8.70%
- 10Y*
- —
GEME
- 1D
- 1.12%
- 1M
- -0.84%
- YTD
- 34.41%
- 6M
- 35.53%
- 1Y
- 66.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMCR vs. GEME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF | 20.91% | 32.03% |
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 34.41% | 37.43% |
Correlation
The correlation between EMCR and GEME 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 (All Time) Calculated using the full available price history since Jan 23, 2025 | 0.90 |
The correlation between EMCR and GEME has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
EMCR vs. GEME — Risk / Return Rank
EMCR
GEME
EMCR vs. GEME - 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 Pacific North of South Global Emerging Markets Equity Active ETF (GEME). 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 | GEME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.52 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 4.94 | -2.06 |
| Martin ratioReturn relative to average drawdown | 10.51 | 18.16 | -7.65 |
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Drawdowns
EMCR vs. GEME - Drawdown Comparison
The maximum EMCR drawdown since its inception was -34.28%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for EMCR and GEME.
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Drawdown Indicators
| EMCR | GEME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.28% | -16.86% | -17.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.84% | -13.46% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.28% | — | — |
Current DrawdownCurrent decline from peak | -3.49% | -4.16% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -2.39% | -6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 3.66% | +0.13% |
Volatility
EMCR vs. GEME - Volatility Comparison
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME) have volatilities of 11.16% and 10.66%, 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
| EMCR | GEME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.16% | 10.66% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 19.80% | 20.45% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.86% | 23.00% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 23.94% | -4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 23.94% | -3.80% |
EMCR vs. GEME - Expense Ratio Comparison
EMCR has a 0.15% expense ratio, which is lower than GEME's 0.75% expense ratio.
Dividends
EMCR vs. GEME - Dividend Comparison
EMCR's dividend yield for the trailing twelve months is around 1.45%, less than GEME's 5.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 5.21% | 7.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, EMCR and GEME 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.
EMCR has higher volatility (11.16%) compared to GEME (10.66%). In terms of maximum drawdown, EMCR dropped -34.28% vs GEME's -16.86%.
On 1-year performance, GEME leads with 66.20% vs 39.74% for EMCR. On fees, EMCR is cheaper at 0.15% per year. On volatility, GEME has been the lower-risk option at 10.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GEME has performed better with a 66.20% return vs 39.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMCR is cheaper with a 0.15% expense ratio, compared with 0.75% for GEME.
GEME has the higher dividend yield at 5.21%, compared with 1.45% for EMCR.
They also come from different issuers: Deutsche Bank and Pacific AM. Their fees differ too: 0.15% for EMCR and 0.75% for GEME.
GEME currently has the higher Sharpe Ratio (2.89 vs 1.83), 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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