EMDM vs. MU
EMDM (First Trust Bloomberg Emerging Market Democracies ETF) is Emerging Markets Diversified fund tracking the Bloomberg Emerging Market Democracies Index - Benchmark TR Net, while MU (Micron Technology, Inc.) is a stock. Over the past 3 years, EMDM returned 30.34%/yr vs 144.69%/yr for MU. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
EMDM vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, EMDM achieves a 36.28% return, which is significantly lower than MU's 244.07% return.
EMDM
- 1D
- 0.70%
- 1M
- 6.11%
- YTD
- 36.28%
- 6M
- 42.03%
- 1Y
- 83.08%
- 3Y*
- 30.34%
- 5Y*
- —
- 10Y*
- —
MU
- 1D
- -1.43%
- 1M
- 35.46%
- YTD
- 244.07%
- 6M
- 307.41%
- 1Y
- 751.18%
- 3Y*
- 144.69%
- 5Y*
- 66.21%
- 10Y*
- 55.83%
EMDM vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 36.28% | 59.68% | -4.93% | 14.75% |
MU Micron Technology, Inc. | 244.07% | 240.24% | -0.96% | 52.28% |
Correlation
The correlation between EMDM and MU is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2023 | 0.53 |
The correlation between EMDM and MU has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
EMDM vs. MU — Risk / Return Rank
EMDM
MU
EMDM vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Emerging Market Democracies ETF (EMDM) and Micron Technology, Inc. (MU). 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.
| EMDM | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.78 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.18 | 24.91 | -19.73 |
| Martin ratioReturn relative to average drawdown | 20.59 | 94.64 | -74.04 |
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Drawdowns
EMDM vs. MU - Drawdown Comparison
The maximum EMDM drawdown since its inception was -18.81%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for EMDM and MU.
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Drawdown Indicators
| EMDM | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.81% | -98.25% | +79.44% |
Max Drawdown (1Y)Largest decline over 1 year | -15.65% | -30.28% | +14.63% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -57.63% | +38.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -3.27% | -9.07% | +5.80% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -58.16% | +54.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 7.95% | -4.02% |
Volatility
EMDM vs. MU - Volatility Comparison
The current volatility for First Trust Bloomberg Emerging Market Democracies ETF (EMDM) is 12.16%, while Micron Technology, Inc. (MU) has a volatility of 32.86%. This indicates that EMDM experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMDM | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.16% | 32.86% | -20.70% |
Volatility (6M)Calculated over the trailing 6-month period | 22.86% | 57.74% | -34.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.23% | 69.66% | -44.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.36% | 53.18% | -32.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 50.12% | -29.76% |
Dividends
EMDM vs. MU - Dividend Comparison
EMDM's dividend yield for the trailing twelve months is around 2.62%, more than MU's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 2.62% | 3.57% | 5.87% | 2.16% | 0.00% | 0.00% |
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
Frequently Asked Questions
EMDM and MU have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (32.86%) compared to EMDM (12.16%). In terms of maximum drawdown, EMDM dropped -18.81% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (10.83 vs 3.21), 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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