EMCS vs. SCHE

Last updated Apr 3, 2026

Compare and contrast key facts about Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS) and Schwab Emerging Markets Equity ETF (SCHE).

EMCS and SCHE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMCS is a passively managed fund by Xtrackers that tracks the performance of the MSCI Emerging Markets Climate Select Index. It was launched on Dec 4, 2018. SCHE is a passively managed fund by Charles Schwab that tracks the performance of the FTSE All-World Emerging. It was launched on Jan 14, 2010. Both EMCS and SCHE 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

EMCS vs. SCHE - Performance Comparison

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

EMCS vs. SCHE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EMCS Xtrackers MSCI Emerging Markets Climate Selection ETF	4.07%	38.71%	10.12%	5.68%	-23.58%	-2.02%	19.72%	19.54%	-0.59%
SCHE Schwab Emerging Markets Equity ETF	0.21%	26.54%	10.60%	8.93%	-17.84%	-0.65%	14.49%	20.31%	-2.43%

Returns By Period

In the year-to-date period, EMCS achieves a 4.07% return, which is significantly higher than SCHE's 0.21% return.

EMCS

• 1D: -1.27%
• 1M: -3.48%
• YTD: 4.07%
• 6M: 7.20%
• 1Y: 34.57%
• 3Y*: 16.76%
• 5Y*: 3.27%
• 10Y*: —

SCHE

• 1D: -0.67%
• 1M: -2.35%
• YTD: 0.21%
• 6M: 0.15%
• 1Y: 21.70%
• 3Y*: 13.64%
• 5Y*: 3.59%
• 10Y*: 7.78%

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

EMCS vs. SCHE - Expense Ratio Comparison

EMCS has a 0.15% expense ratio, which is higher than SCHE's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

EMCS

Xtrackers MSCI Emerging Markets Climate Selection ETF

SCHE

Schwab Emerging Markets Equity ETF

Return for Risk

EMCS vs. SCHE — Risk / Return Rank

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

EMCS

EMCS Risk / Return Rank: 75
EMCS Sharpe Ratio Rank: 79
EMCS Sortino Ratio Rank: 79
EMCS Omega Ratio Rank: 76
EMCS Calmar Ratio Rank: 71
EMCS Martin Ratio Rank: 69

SCHE

SCHE Risk / Return Rank: 62
SCHE Sharpe Ratio Rank: 63
SCHE Sortino Ratio Rank: 64
SCHE Omega Ratio Rank: 62
SCHE Calmar Ratio Rank: 61
SCHE Martin Ratio Rank: 58

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. SCHE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS) and Schwab Emerging Markets Equity ETF (SCHE). 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	SCHE	Difference
Sharpe ratio Return per unit of total volatility	1.53	1.19	+0.34
Sortino ratio Return per unit of downside risk	2.12	1.71	+0.41
Omega ratio Gain probability vs. loss probability	1.30	1.24	+0.06
Calmar ratio Return relative to maximum drawdown	2.41	1.80	+0.61
Martin ratio Return relative to average drawdown	8.92	6.65	+2.26
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. SCHE - Sharpe Ratio Comparison

The current EMCS Sharpe Ratio is 1.53, which is comparable to the SCHE Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of EMCS and SCHE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMCS	SCHE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.19	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.21	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.22	+0.17

Correlation

The correlation between EMCS and SCHE is 0.96, 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

EMCS vs. SCHE - Dividend Comparison

EMCS's dividend yield for the trailing twelve months is around 1.59%, less than SCHE's 2.87% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMCS Xtrackers MSCI Emerging Markets Climate Selection ETF	1.59%	1.66%	0.67%	3.07%	2.26%	1.46%	1.40%	3.56%	0.00%	0.00%	0.00%	0.00%
SCHE Schwab Emerging Markets Equity ETF	2.87%	2.88%	3.03%	3.83%	2.88%	2.86%	2.09%	3.27%	2.64%	2.31%	2.27%	2.50%

Drawdowns

EMCS vs. SCHE - Drawdown Comparison

The maximum EMCS drawdown since its inception was -44.86%, which is greater than SCHE's maximum drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for EMCS and SCHE.

Drawdown Indicators

	EMCS	SCHE	Difference
Max Drawdown Largest peak-to-trough decline	-44.86%	-36.20%	-8.66%
Max Drawdown (1Y) Largest decline over 1 year	-14.32%	-11.29%	-3.03%
Max Drawdown (5Y) Largest decline over 5 years	-42.06%	-33.77%	-8.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.20%	—
Current Drawdown Current decline from peak	-10.88%	-8.76%	-2.12%
Average Drawdown Average peak-to-trough decline	-16.94%	-12.71%	-4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.87%	3.28%	+0.59%

Volatility

EMCS vs. SCHE - Volatility Comparison

Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS) has a higher volatility of 10.76% compared to Schwab Emerging Markets Equity ETF (SCHE) at 7.64%. This indicates that EMCS's price experiences larger fluctuations and is considered to be riskier than SCHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMCS	SCHE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.76%	7.64%	+3.12%
Volatility (6M) Calculated over the trailing 6-month period	16.99%	12.64%	+4.35%
Volatility (1Y) Calculated over the trailing 1-year period	22.64%	18.24%	+4.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.07%	17.51%	+2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.39%	19.42%	+1.97%