EMCS vs. ROAM

Last updated Jun 4, 2026

EMCS (Xtrackers MSCI Emerging Markets Climate Selection ETF) and ROAM (Hartford Multifactor Emerging Markets ETF) are both Emerging Markets Equities funds - EMCS tracks the MSCI Emerging Markets Climate Select Index while ROAM tracks the Hartford Multifactor Emerging Markets Equity Index. Both are passively managed. Over the past 5 years, EMCS returned 7.95%/yr vs 12.31%/yr for ROAM. Their correlation of 0.88 suggests significant overlap in exposure. EMCS charges 0.15%/yr vs 0.44%/yr for ROAM.

Performance

EMCS vs. ROAM - Performance Comparison

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

Returns By Period

In the year-to-date period, EMCS achieves a 33.83% return, which is significantly higher than ROAM's 26.83% return.

EMCS

• 1D: -1.20%
• 1M: 13.15%
• YTD: 33.83%
• 6M: 37.78%
• 1Y: 64.32%
• 3Y*: 27.65%
• 5Y*: 7.95%
• 10Y*: —

ROAM

• 1D: -1.60%
• 1M: 8.68%
• YTD: 26.83%
• 6M: 28.99%
• 1Y: 51.96%
• 3Y*: 26.00%
• 5Y*: 12.31%
• 10Y*: 9.87%

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

EMCS vs. ROAM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EMCS Xtrackers MSCI Emerging Markets Climate Selection ETF	33.83%	38.71%	10.12%	5.68%	-23.58%	-2.02%	19.72%	19.54%	-0.59%
ROAM Hartford Multifactor Emerging Markets ETF	26.83%	32.08%	6.21%	21.28%	-14.78%	9.32%	2.24%	8.89%	-1.84%

Correlation

The correlation between EMCS and ROAM is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 7, 2018	0.88

The correlation between EMCS and ROAM has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

EMCS vs. ROAM - Sectors Allocation Comparison

Sectors	EMCS	ROAM
Technology	44.5%	39.4%
Financial Services	29.4%	19.3%
Consumer Cyclical	9.1%	7.6%
Communication Services	8.4%	6.0%
Basic Materials	2.6%	4.1%
Industrials	2.5%	5.6%
Energy	1.6%	5.3%
Real Estate	1.0%	1.3%
Utilities	0.8%	2.3%
Consumer Defensive	0.0%	4.8%
Healthcare	0.0%	3.3%

Return for Risk

EMCS vs. ROAM — Risk / Return Rank

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

EMCS

EMCS Risk / Return Rank: 85
EMCS Sharpe Ratio Rank: 87
EMCS Sortino Ratio Rank: 83
EMCS Omega Ratio Rank: 85
EMCS Calmar Ratio Rank: 84
EMCS Martin Ratio Rank: 85

ROAM

ROAM Risk / Return Rank: 91
ROAM Sharpe Ratio Rank: 93
ROAM Sortino Ratio Rank: 92
ROAM Omega Ratio Rank: 92
ROAM Calmar Ratio Rank: 89
ROAM Martin Ratio Rank: 89

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. ROAM - Risk-Adjusted Trends Comparison

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

	EMCS	ROAM	Difference
Sharpe ratio: Return per unit of total volatility	2.89	3.50	-0.61
Sortino ratio: Return per unit of downside risk	3.70	4.48	-0.78
Omega ratio: Gain probability vs. loss probability	1.52	1.63	-0.11
Calmar ratio: Return relative to maximum drawdown	4.51	5.27	-0.75
Martin ratio: Return relative to average drawdown	17.47	19.91	-2.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMCS vs. ROAM - Sharpe Ratio Comparison

The current EMCS Sharpe Ratio is 2.89, which is comparable to the ROAM Sharpe Ratio of 3.50. The chart below compares the historical Sharpe Ratios of EMCS and ROAM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMCS	ROAM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	3.50	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.81	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.38	+0.17

Drawdowns

EMCS vs. ROAM - Drawdown Comparison

The maximum EMCS drawdown since its inception was -44.86%, roughly equal to the maximum ROAM drawdown of -45.47%. Use the drawdown chart below to compare losses from any high point for EMCS and ROAM.

Drawdown Indicators

	EMCS	ROAM	Difference
Max Drawdown Largest peak-to-trough decline	-44.86%	-45.47%	+0.61%
Max Drawdown (1Y) Largest decline over 1 year	-14.32%	-9.92%	-4.40%
Max Drawdown (3Y) Largest decline over 3 years	-16.73%	-16.79%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-42.06%	-27.07%	-14.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.47%	—
Current Drawdown Current decline from peak	-1.20%	-1.60%	+0.40%
Average Drawdown Average peak-to-trough decline	-16.61%	-11.13%	-5.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	2.62%	+1.07%

Volatility

EMCS vs. ROAM - Volatility Comparison

Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS) has a higher volatility of 9.86% compared to Hartford Multifactor Emerging Markets ETF (ROAM) at 6.41%. This indicates that EMCS's price experiences larger fluctuations and is considered to be riskier than ROAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMCS	ROAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.86%	6.41%	+3.45%
Volatility (6M) Calculated over the trailing 6-month period	19.42%	12.76%	+6.66%
Volatility (1Y) Calculated over the trailing 1-year period	22.37%	14.93%	+7.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.62%	15.23%	+5.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	17.87%	+3.78%

EMCS vs. ROAM - Expense Ratio Comparison

EMCS has a 0.15% expense ratio, which is lower than ROAM's 0.44% expense ratio.

Dividends

EMCS vs. ROAM - Dividend Comparison

EMCS's dividend yield for the trailing twelve months is around 1.24%, less than ROAM's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMCS Xtrackers MSCI Emerging Markets Climate Selection ETF	1.24%	1.66%	0.67%	3.07%	2.26%	1.46%	1.40%	3.56%	0.00%	0.00%	0.00%	0.00%
ROAM Hartford Multifactor Emerging Markets ETF	2.50%	3.17%	4.15%	5.40%	5.23%	4.22%	3.04%	3.55%	2.54%	1.84%	1.89%	2.25%

Frequently Asked Questions

Can I hold both EMCS and ROAM in my portfolio?

EMCS and ROAM have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMCS or ROAM?

EMCS has higher volatility (9.86%) compared to ROAM (6.41%). In terms of maximum drawdown, EMCS dropped -44.86% vs ROAM's -45.47%.

Which ETF is better, EMCS or ROAM?

On 5-year performance, ROAM leads with 12.31% vs 7.95% for EMCS. On fees, EMCS is cheaper at 0.15% per year. On volatility, ROAM has been the lower-risk option at 6.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMCS or ROAM?

Over the 5-year period, ROAM has performed better with a 12.31% return vs 7.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMCS or ROAM?

EMCS is cheaper with a 0.15% expense ratio, compared with 0.44% for ROAM.

Which ETF pays a higher dividend yield, EMCS or ROAM?

ROAM has the higher dividend yield at 2.50%, compared with 1.24% for EMCS.

What is the main difference between EMCS and ROAM?

EMCS tracks MSCI Emerging Markets Climate Select Index, while ROAM tracks Hartford Multifactor Emerging Markets Equity Index. They also come from different issuers: Xtrackers and Hartford. Their fees differ too: 0.15% for EMCS and 0.44% for ROAM.

Which has better risk-adjusted returns?

ROAM currently has the higher Sharpe Ratio (3.50 vs 2.89), 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.