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EMCS vs. EEMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMCS vs. EEMO

Last updated Jun 24, 2026

EMCS (Xtrackers MSCI Emerging Markets Climate Selection ETF) and EEMO (Invesco S&P Emerging Markets Momentum ETF) are both exchange-traded funds - EMCS is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Climate Select Index, while EEMO is a Momentum fund tracking the S&P Momentum Emerging Plus LargeMidCap Index. Both are passively managed. Over the past 5 years, EMCS returned 7.51%/yr vs 6.20%/yr for EEMO. Their correlation of 0.83 suggests significant overlap in exposure. EMCS charges 0.15%/yr vs 0.31%/yr for EEMO.

Performance

EMCS vs. EEMO - Performance Comparison

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

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Returns By Period

In the year-to-date period, EMCS achieves a 30.08% return, which is significantly lower than EEMO's 35.52% return.

EMCS

1D
-6.03%
1M
5.49%
YTD
30.08%
6M
31.16%
1Y
55.24%
3Y*
26.52%
5Y*
7.51%
10Y*
—

EEMO

1D
-8.31%
1M
6.72%
YTD
35.52%
6M
35.05%
1Y
47.55%
3Y*
23.13%
5Y*
6.20%
10Y*
8.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EMCS vs. EEMO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EMCS
Xtrackers MSCI Emerging Markets Climate Selection ETF		30.08%38.71%10.12%5.68%-23.58%-2.02%19.72%19.54%-1.41%
EEMO
Invesco S&P Emerging Markets Momentum ETF		35.52%10.99%9.88%13.90%-18.73%-5.57%9.66%21.17%-3.78%

Correlation

The correlation between EMCS and EEMO is 0.89, 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

0.89

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

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

0.83

The correlation between EMCS and EEMO has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

EMCS vs. EEMO - Sectors Allocation Comparison

Sectors
EMCS
EEMO

Technology

50.7%
53.0%

Financial Services

26.0%
15.4%

Consumer Cyclical

9.1%
2.8%

Communication Services

7.4%
1.2%

Basic Materials

2.6%
9.9%

Real Estate

1.8%
0.3%

Industrials

1.2%
7.5%

Energy

1.2%
0.8%

Consumer Defensive

0.0%
0.6%

Healthcare

0.0%
2.3%

Utilities

0.0%
1.0%

Technology

EMCS
50.7%
EEMO
53.0%

Financial Services

EMCS
26.0%
EEMO
15.4%

Consumer Cyclical

EMCS
9.1%
EEMO
2.8%

Communication Services

EMCS
7.4%
EEMO
1.2%

Basic Materials

EMCS
2.6%
EEMO
9.9%

Real Estate

EMCS
1.8%
EEMO
0.3%

Industrials

EMCS
1.2%
EEMO
7.5%

Energy

EMCS
1.2%
EEMO
0.8%

Consumer Defensive

EMCS
0.0%
EEMO
0.6%

Healthcare

EMCS
0.0%
EEMO
2.3%

Utilities

EMCS
0.0%
EEMO
1.0%

Compare stocks, funds, or ETFs

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

Xtrackers MSCI Emerging Markets Climate Selection ETF

Invesco S&P Emerging Markets Momentum ETF

Often compared with EMCS:
EMCS vs. SNPDEMCS vs. TDECEMCS vs. FEMEMCS vs. BHYBEMCS vs. EDOGEMCS vs. SCHEEMCS vs. VWO
Often compared with EEMO:
EEMO vs. IDMOEEMO vs. EEMEEMO vs. PIEEEMO vs. VWOEEMO vs. EEMSEEMO vs. SPMOEEMO vs. AVEM

Return for Risk

EMCS vs. EEMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMCS
EMCS Risk / Return Rank: 7575
Overall Rank
EMCS Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
EMCS Sortino Ratio Rank: 6666
Sortino Ratio Rank
EMCS Omega Ratio Rank: 7676
Omega Ratio Rank
EMCS Calmar Ratio Rank: 8080
Calmar Ratio Rank
EMCS Martin Ratio Rank: 8080
Martin Ratio Rank
EEMO
EEMO Risk / Return Rank: 5858
Overall Rank
EEMO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
EEMO Sortino Ratio Rank: 4646
Sortino Ratio Rank
EEMO Omega Ratio Rank: 6060
Omega Ratio Rank
EEMO Calmar Ratio Rank: 6868
Calmar Ratio Rank
EEMO Martin Ratio Rank: 6868
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.

EMCS vs. EEMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS) 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.

EMCSEEMODifference
Sharpe ratioReturn per unit of total volatility
2.19
1.58

+0.61

Sortino ratioReturn per unit of downside risk
2.77
2.17

+0.60

Omega ratioGain probability vs. loss probability

1.41

1.35

+0.06

Calmar ratioReturn relative to maximum drawdown

3.88

3.24

+0.64

Martin ratioReturn relative to average drawdown

14.31

11.80

+2.51

EMCS vs. EEMO - Sharpe Ratio Comparison

The current EMCS Sharpe Ratio is 2.19, which is higher than the EEMO Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of EMCS 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.

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Drawdowns

EMCS vs. EEMO - Drawdown Comparison

The maximum EMCS drawdown since its inception was -44.86%, smaller than the maximum EEMO drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for EMCS and EEMO.

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Drawdown Indicators

EMCSEEMODifference

Max Drawdown

Largest peak-to-trough decline

-44.86%

-48.47%

+3.61%

Max Drawdown (1Y)

Largest decline over 1 year

-14.32%

-14.75%

+0.43%

Max Drawdown (3Y)

Largest decline over 3 years

-16.73%

-26.06%

+9.33%

Max Drawdown (5Y)

Largest decline over 5 years

-42.06%

-34.03%

-8.03%

Max Drawdown (10Y)

Largest decline over 10 years

—

-46.57%

—

Current Drawdown

Current decline from peak

-6.03%

-8.31%

+2.28%

Average Drawdown

Average peak-to-trough decline

-16.52%

-20.11%

+3.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.87%

4.04%

-0.17%

Volatility

EMCS vs. EEMO - Volatility Comparison

The current volatility for Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS) is 14.09%, while Invesco S&P Emerging Markets Momentum ETF (EEMO) has a volatility of 20.47%. This indicates that EMCS 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.

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Volatility by Period

EMCSEEMODifference

Volatility (1M)

Calculated over the trailing 1-month period

14.09%

20.47%

-6.38%

Volatility (6M)

Calculated over the trailing 6-month period

23.01%

28.78%

-5.77%

Volatility (1Y)

Calculated over the trailing 1-year period

25.41%

30.30%

-4.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.33%

20.93%

+0.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.04%

22.33%

-0.29%

EMCS vs. EEMO - Expense Ratio Comparison

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

Dividends

EMCS vs. EEMO - Dividend Comparison

EMCS's dividend yield for the trailing twelve months is around 1.46%, less than EEMO's 1.67% yield.

PositionTTM20252024202320222021202020192018201720162015
EEMO
Invesco S&P Emerging Markets Momentum ETF		1.67%2.31%2.57%3.65%3.82%1.51%1.53%2.13%13.10%5.13%1.55%2.92%
EMCS
Xtrackers MSCI Emerging Markets Climate Selection ETF		1.46%1.66%0.67%3.07%2.26%1.46%1.40%3.56%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EMCS and EEMO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEMO has higher volatility (20.47%) compared to EMCS (14.09%). In terms of maximum drawdown, EMCS dropped -44.86% vs EEMO's -48.47%.

On 5-year performance, EMCS leads with 7.51% vs 6.20% for EEMO. On fees, EMCS is cheaper at 0.15% per year. On volatility, EMCS has been the lower-risk option at 14.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EMCS has performed better with a 7.51% return vs 6.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

EEMO has the higher dividend yield at 1.67%, compared with 1.46% for EMCS.

EMCS is categorized as Emerging Markets Equities, while EEMO is Momentum. EMCS tracks MSCI Emerging Markets Climate Select Index, while EEMO tracks S&P Momentum Emerging Plus LargeMidCap Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.15% for EMCS and 0.31% for EEMO.

EMCS currently has the higher Sharpe Ratio (2.19 vs 1.58), 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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