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EMCR vs. QEMM
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EMCR vs. QEMM

Last updated Apr 1, 2026

Compare and contrast key facts about Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) and SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM).

EMCR and QEMM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMCR is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net. It was launched on Dec 6, 2018. QEMM is a passively managed fund by State Street that tracks the performance of the MSCI EM Factor Mix A-Series (USD). It was launched on Jun 4, 2014. Both EMCR and QEMM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EMCR vs. QEMM - 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 SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM). The values are adjusted to include any dividend payments, if applicable.

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EMCR vs. QEMM - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EMCR
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF		1.10%33.25%9.69%10.55%-18.73%5.54%13.49%22.41%-1.76%
QEMM
SPDR MSCI Emerging Markets StrategicFactors ETF		4.84%21.92%4.98%12.50%-17.82%6.34%9.95%15.40%-2.26%

Returns By Period

In the year-to-date period, EMCR achieves a 1.10% return, which is significantly lower than QEMM's 4.84% return.

EMCR

1D
3.31%
1M
-9.79%
YTD
1.10%
6M
3.97%
1Y
30.14%
3Y*
15.86%
5Y*
5.80%
10Y*
—

QEMM

1D
2.95%
1M
-6.92%
YTD
4.84%
6M
8.64%
1Y
26.47%
3Y*
13.21%
5Y*
4.75%
10Y*
7.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF

SPDR MSCI Emerging Markets StrategicFactors ETF

Often compared with EMCR:
EMCR vs. SPEMEMCR vs. FLLAEMCR vs. POWLEMCR vs. FEMKXEMCR vs. FNDFEMCR vs. VXUSEMCR vs. FRDM
Often compared with QEMM:
QEMM vs. MXFP.LQEMM vs. SPDWQEMM vs. EMGFQEMM vs. JHMBQEMM vs. EMIM.LQEMM vs. URTHQEMM vs. AEME.L

EMCR vs. QEMM - Expense Ratio Comparison

EMCR has a 0.15% expense ratio, which is lower than QEMM's 0.30% expense ratio.

QEMM
SPDR MSCI Emerging Markets StrategicFactors ETF
EMCR
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF

Return for Risk

EMCR vs. QEMM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMCR
EMCR Risk / Return Rank: 7979
Overall Rank
EMCR Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EMCR Sortino Ratio Rank: 7979
Sortino Ratio Rank
EMCR Omega Ratio Rank: 7878
Omega Ratio Rank
EMCR Calmar Ratio Rank: 7979
Calmar Ratio Rank
EMCR Martin Ratio Rank: 7878
Martin Ratio Rank
QEMM
QEMM Risk / Return Rank: 8282
Overall Rank
QEMM Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
QEMM Sortino Ratio Rank: 8282
Sortino Ratio Rank
QEMM Omega Ratio Rank: 8181
Omega Ratio Rank
QEMM Calmar Ratio Rank: 8585
Calmar Ratio Rank
QEMM Martin Ratio Rank: 8383
Martin Ratio Rank
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. QEMM - 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 SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM). 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.

EMCRQEMMDifference

Sharpe ratio

Return per unit of total volatility

1.45

1.54

-0.09

Sortino ratio

Return per unit of downside risk

2.02

2.16

-0.13

Omega ratio

Gain probability vs. loss probability

1.30

1.31

-0.01

Calmar ratio

Return relative to maximum drawdown

2.15

2.56

-0.41

Martin ratio

Return relative to average drawdown

8.39

9.33

-0.94

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMCR vs. QEMM - Sharpe Ratio Comparison

The current EMCR Sharpe Ratio is 1.45, which is comparable to the QEMM Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of EMCR and QEMM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EMCRQEMMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.45

1.54

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.31

0.32

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.43

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.26

+0.21

Correlation

The correlation between EMCR and QEMM is 0.89, 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

EMCR vs. QEMM - Dividend Comparison

EMCR's dividend yield for the trailing twelve months is around 2.40%, less than QEMM's 4.67% yield.

TTM20252024202320222021202020192018201720162015
EMCR
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF		2.40%2.43%6.62%1.95%3.05%1.83%1.75%3.15%0.19%0.00%0.00%0.00%
QEMM
SPDR MSCI Emerging Markets StrategicFactors ETF		4.67%4.90%5.17%4.88%4.07%2.35%2.48%3.05%2.86%2.11%2.03%2.14%

Drawdowns

EMCR vs. QEMM - Drawdown Comparison

The maximum EMCR drawdown since its inception was -34.28%, smaller than the maximum QEMM drawdown of -36.89%. Use the drawdown chart below to compare losses from any high point for EMCR and QEMM.

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Drawdown Indicators

EMCRQEMMDifference

Max Drawdown

Largest peak-to-trough decline

-34.28%

-36.89%

+2.61%

Max Drawdown (1Y)

Largest decline over 1 year

-13.84%

-10.40%

-3.44%

Max Drawdown (5Y)

Largest decline over 5 years

-34.28%

-27.55%

-6.73%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.89%

—

Current Drawdown

Current decline from peak

-10.99%

-7.76%

-3.23%

Average Drawdown

Average peak-to-trough decline

-9.49%

-10.77%

+1.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.55%

2.85%

+0.70%

Volatility

EMCR vs. QEMM - Volatility Comparison

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) has a higher volatility of 10.62% compared to SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) at 9.11%. This indicates that EMCR's price experiences larger fluctuations and is considered to be riskier than QEMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMCRQEMMDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.62%

9.11%

+1.51%

Volatility (6M)

Calculated over the trailing 6-month period

14.85%

12.57%

+2.28%

Volatility (1Y)

Calculated over the trailing 1-year period

20.88%

17.21%

+3.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.82%

14.81%

+4.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.68%

16.73%

+2.95%