EMF vs. SCHE
EMF (Templeton Emerging Markets Fund) and SCHE (Schwab Emerging Markets Equity ETF) are both Emerging Markets Equities funds. EMF is actively managed, while SCHE is passively managed. Over the past 10 years, EMF returned 13.35%/yr vs 7.97%/yr for SCHE. Their correlation of 0.85 means they have usually moved in the same direction. EMF charges 1.43%/yr vs 0.11%/yr for SCHE.
Performance
EMF vs. SCHE - Performance Comparison
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Returns By Period
In the year-to-date period, EMF achieves a 27.21% return, which is significantly higher than SCHE's 10.15% return. Over the past 10 years, EMF has outperformed SCHE with an annualized return of 13.35%, while SCHE has yielded a comparatively lower 7.97% annualized return.
EMF
- 1D
- 1.68%
- 1M
- -5.02%
- 6M
- 9.69%
- YTD
- 27.21%
- 1Y
- 55.05%
- 3Y*
- 28.54%
- 5Y*
- 12.12%
- 10Y*
- 13.35%
- ALL TIME*
- 6.56%
SCHE
- 1D
- 0.87%
- 1M
- 0.50%
- 6M
- 4.90%
- YTD
- 10.15%
- 1Y
- 22.24%
- 3Y*
- 15.34%
- 5Y*
- 6.23%
- 10Y*
- 7.97%
- ALL TIME*
- 4.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.08M | $849.02K | $917.55K | |
| $121.98M | $115.93M | $116.46M |
EMF vs. SCHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMF Templeton Emerging Markets Fund | 27.21% | 58.20% | 6.56% | 8.84% | -21.53% | -8.23% | 24.48% | 27.20% | -14.78% | 53.55% |
SCHE Schwab Emerging Markets Equity ETF | 10.15% | 26.54% | 10.60% | 8.93% | -17.84% | -0.65% | 14.49% | 20.31% | -13.57% | 32.70% |
Correlation
The correlation between EMF and SCHE is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2010 | 0.85 |
The correlation between EMF and SCHE has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
EMF vs. SCHE — Risk / Return Rank
EMF
SCHE
EMF vs. SCHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Templeton Emerging Markets Fund (EMF) 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.
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.
| EMF | SCHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.23 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 1.94 | +0.92 |
| Martin ratioReturn relative to average drawdown | 9.04 | 6.43 | +2.61 |
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Drawdowns
EMF vs. SCHE - Drawdown Comparison
The maximum EMF drawdown since its inception was -76.97%, which is greater than SCHE's maximum drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for EMF and SCHE.
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Drawdown Indicators
| EMF | SCHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.97% | -36.20% | -40.77% |
Max Drawdown (1Y)Largest decline over 1 year | -19.48% | -11.29% | -8.19% |
Max Drawdown (3Y)Largest decline over 3 years | -19.48% | -17.08% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -40.33% | -31.38% | -8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -47.65% | -36.20% | -11.45% |
Current DrawdownCurrent decline from peak | -13.30% | -3.13% | -10.17% |
Average DrawdownAverage peak-to-trough decline | -28.90% | -12.51% | -16.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 3.40% | +2.75% |
Volatility
EMF vs. SCHE - Volatility Comparison
Templeton Emerging Markets Fund (EMF) has a higher volatility of 9.86% compared to Schwab Emerging Markets Equity ETF (SCHE) at 5.70%. This indicates that EMF'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.
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Volatility by Period
| EMF | SCHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.86% | 5.70% | +4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 23.40% | 15.60% | +7.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.33% | 17.99% | +8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.21% | 17.87% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.86% | 19.44% | +1.42% |
EMF vs. SCHE - Expense Ratio Comparison
EMF has a 1.43% expense ratio, which is higher than SCHE's 0.11% expense ratio.
Dividends
EMF vs. SCHE - Dividend Comparison
EMF's dividend yield for the trailing twelve months is around 7.91%, more than SCHE's 2.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMF Templeton Emerging Markets Fund | 7.91% | 9.73% | 4.28% | 6.22% | 9.89% | 6.92% | 3.51% | 7.36% | 5.92% | 12.11% | 1.62% | 12.81% |
SCHE Schwab Emerging Markets Equity ETF | 2.64% | 2.88% | 3.03% | 3.83% | 2.88% | 2.86% | 2.09% | 3.27% | 2.64% | 2.31% | 2.27% | 2.50% |
Frequently Asked Questions
EMF and SCHE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMF has higher volatility (9.86%) compared to SCHE (5.70%). In terms of maximum drawdown, EMF dropped -76.97% vs SCHE's -36.20%.
EMF currently has the higher Sharpe Ratio (2.12 vs 1.22), 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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