EMF vs. SFENX
EMF (Templeton Emerging Markets Fund) and SFENX (Schwab Fundamental Emerging Markets Equity Index Fund) are both Emerging Markets Equities funds. EMF is actively managed, while SFENX is passively managed. Over the past 10 years, EMF returned 15.62%/yr vs 11.13%/yr for SFENX. Their correlation of 0.81 suggests significant overlap in exposure. EMF charges 1.43%/yr vs 0.39%/yr for SFENX.
Performance
EMF vs. SFENX - Performance Comparison
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Returns By Period
In the year-to-date period, EMF achieves a 38.50% return, which is significantly higher than SFENX's 13.84% return. Over the past 10 years, EMF has outperformed SFENX with an annualized return of 15.62%, while SFENX has yielded a comparatively lower 11.13% annualized return.
EMF
- 1D
- -5.61%
- 1M
- 6.38%
- YTD
- 38.50%
- 6M
- 43.73%
- 1Y
- 82.29%
- 3Y*
- 35.33%
- 5Y*
- 11.55%
- 10Y*
- 15.62%
SFENX
- 1D
- 0.23%
- 1M
- 1.33%
- YTD
- 13.84%
- 6M
- 14.25%
- 1Y
- 32.69%
- 3Y*
- 20.69%
- 5Y*
- 9.76%
- 10Y*
- 11.13%
EMF vs. SFENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMF Templeton Emerging Markets Fund | 38.50% | 58.20% | 6.56% | 8.84% | -21.53% | -8.23% | 24.48% | 27.20% | -14.78% | 53.55% |
SFENX Schwab Fundamental Emerging Markets Equity Index Fund | 13.84% | 29.19% | 12.31% | 14.90% | -15.50% | 13.91% | -3.01% | 19.46% | -9.96% | 26.44% |
Correlation
The correlation between EMF and SFENX is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.81 |
The correlation between EMF and SFENX shifts across timeframes, from 0.71 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMF vs. SFENX — Risk / Return Rank
EMF
SFENX
EMF vs. SFENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Templeton Emerging Markets Fund (EMF) and Schwab Fundamental Emerging Markets Equity Index Fund (SFENX). 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 | SFENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.44 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 3.52 | +0.73 |
| Martin ratioReturn relative to average drawdown | 16.55 | 12.26 | +4.29 |
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Drawdowns
EMF vs. SFENX - Drawdown Comparison
The maximum EMF drawdown since its inception was -76.97%, which is greater than SFENX's maximum drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for EMF and SFENX.
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Drawdown Indicators
| EMF | SFENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.97% | -47.19% | -29.78% |
Max Drawdown (1Y)Largest decline over 1 year | -19.48% | -9.45% | -10.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.48% | -16.51% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -45.08% | -29.26% | -15.82% |
Max Drawdown (10Y)Largest decline over 10 years | -47.65% | -39.59% | -8.06% |
Current DrawdownCurrent decline from peak | -5.61% | -2.93% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -28.96% | -12.86% | -16.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 2.71% | +2.28% |
Volatility
EMF vs. SFENX - Volatility Comparison
Templeton Emerging Markets Fund (EMF) has a higher volatility of 11.23% compared to Schwab Fundamental Emerging Markets Equity Index Fund (SFENX) at 5.29%. This indicates that EMF's price experiences larger fluctuations and is considered to be riskier than SFENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMF | SFENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.23% | 5.29% | +5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 22.06% | 11.50% | +10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.39% | 13.82% | +10.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.89% | 15.49% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.68% | 16.89% | +3.79% |
EMF vs. SFENX - Expense Ratio Comparison
EMF has a 1.43% expense ratio, which is higher than SFENX's 0.39% expense ratio.
Dividends
EMF vs. SFENX - Dividend Comparison
EMF's dividend yield for the trailing twelve months is around 7.27%, more than SFENX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMF Templeton Emerging Markets Fund | 7.27% | 9.73% | 4.28% | 6.22% | 9.89% | 6.92% | 3.51% | 7.36% | 5.92% | 12.11% | 1.62% | 12.81% |
SFENX Schwab Fundamental Emerging Markets Equity Index Fund | 3.45% | 3.93% | 4.67% | 5.00% | 5.46% | 4.61% | 2.95% | 3.82% | 2.90% | 2.37% | 2.16% | 3.23% |
Frequently Asked Questions
EMF and SFENX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMF has higher volatility (11.23%) compared to SFENX (5.29%). In terms of maximum drawdown, EMF dropped -76.97% vs SFENX's -47.19%.
EMF currently has the higher Sharpe Ratio (3.39 vs 2.41), 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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