EMEM vs. QAT
EMEM (Sophus Capital Emerging Market ETF) and QAT (iShares MSCI Qatar ETF) are both Emerging Markets Equities funds. EMEM is actively managed, while QAT is passively managed. At a 0.36 correlation, their price movements are largely independent. EMEM charges 0.65%/yr vs 0.59%/yr for QAT.
Performance
EMEM vs. QAT - Performance Comparison
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Returns By Period
EMEM
- 1D
- -3.34%
- 1M
- 1.75%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QAT
- 1D
- -1.07%
- 1M
- 0.61%
- 6M
- -3.21%
- YTD
- -0.45%
- 1Y
- 1.50%
- 3Y*
- 4.94%
- 5Y*
- 3.20%
- 10Y*
- 3.93%
EMEM vs. QAT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
EMEM Sophus Capital Emerging Market ETF | 2.32% |
QAT iShares MSCI Qatar ETF | 2.65% |
Correlation
The correlation between EMEM and QAT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 20, 2026 | 0.36 |
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Return for Risk
EMEM vs. QAT — Risk / Return Rank
EMEM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QAT
EMEM vs. QAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sophus Capital Emerging Market ETF (EMEM) and iShares MSCI Qatar ETF (QAT). 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.
| EMEM | QAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.03 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.14 | — |
| Martin ratioReturn relative to average drawdown | — | 0.25 | — |
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Drawdowns
EMEM vs. QAT - Drawdown Comparison
The maximum EMEM drawdown since its inception was -8.12%, smaller than the maximum QAT drawdown of -45.21%. Use the drawdown chart below to compare losses from any high point for EMEM and QAT.
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Drawdown Indicators
| EMEM | QAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.12% | -45.21% | +37.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.60% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.04% | — |
Current DrawdownCurrent decline from peak | -6.79% | -12.83% | +6.04% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -19.12% | +16.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.94% | — |
Volatility
EMEM vs. QAT - Volatility Comparison
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Volatility by Period
| EMEM | QAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.40% | 13.32% | +25.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.40% | 15.07% | +23.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.40% | 17.54% | +20.86% |
EMEM vs. QAT - Expense Ratio Comparison
EMEM has a 0.65% expense ratio, which is higher than QAT's 0.59% expense ratio.
Dividends
EMEM vs. QAT - Dividend Comparison
EMEM has not paid dividends to shareholders, while QAT's dividend yield for the trailing twelve months is around 4.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMEM Sophus Capital Emerging Market ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QAT iShares MSCI Qatar ETF | 4.70% | 3.51% | 5.90% | 3.92% | 4.78% | 2.33% | 2.63% | 3.57% | 4.63% | 4.10% | 3.51% | 4.49% |
Frequently Asked Questions
EMEM and QAT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QAT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QAT is cheaper with a 0.59% expense ratio, compared with 0.65% for EMEM.
QAT has the higher dividend yield at 4.70%, compared with 0.00% for EMEM.
They also come from different issuers: Sophus Capital and iShares. Their fees differ too: 0.65% for EMEM and 0.59% for QAT.
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