EMFM vs. FM
Compare and contrast key facts about Global X MSCI Next Emerging & Frontier ETF (EMFM) and iShares MSCI Frontier 100 ETF (FM).
EMFM and FM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMFM is a passively managed fund by Global X that tracks the performance of the MSCI Select Emerging and Frontier Markets Access. It was launched on Nov 7, 2013. FM is a passively managed fund by iShares that tracks the performance of the MSCI Frontier Markets 100 Index. It was launched on Sep 12, 2012. Both EMFM and FM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMFM or FM.
Key characteristics
| EMFM | FM | |
|---|---|---|
| YTD Return | -1.79% | 4.79% |
| 1Y Return | 1.36% | 14.41% |
| 3Y Return (Ann) | 0.00% | -1.08% |
| 5Y Return (Ann) | 0.29% | 2.14% |
| 10Y Return (Ann) | -0.95% | 0.63% |
| Sharpe Ratio | 0.14 | 1.17 |
| Daily Std Dev | 9.44% | 12.32% |
| Max Drawdown | -46.62% | -41.63% |
| Current Drawdown | -16.27% | -18.98% |
Correlation
The correlation between EMFM and FM is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EMFM vs. FM - Performance Comparison
In the year-to-date period, EMFM achieves a -1.79% return, which is significantly lower than FM's 4.79% return. Over the past 10 years, EMFM has underperformed FM with an annualized return of -0.95%, while FM has yielded a comparatively higher 0.63% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMFM vs. FM - Expense Ratio Comparison
EMFM has a 0.70% expense ratio, which is lower than FM's 0.79% expense ratio.
Risk-Adjusted Performance
EMFM vs. FM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Next Emerging & Frontier ETF (EMFM) and iShares MSCI Frontier 100 ETF (FM). 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.
Dividends
EMFM vs. FM - Dividend Comparison
EMFM's dividend yield for the trailing twelve months is around 3.01%, less than FM's 3.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMFM Global X MSCI Next Emerging & Frontier ETF | 3.01% | 2.95% | 2.55% | 2.17% | 2.61% | 2.85% | 3.29% | 1.72% | 2.61% | 2.69% | 1.70% | 0.19% |
FM iShares MSCI Frontier 100 ETF | 3.46% | 3.62% | 2.70% | 2.04% | 2.91% | 3.12% | 4.29% | 2.04% | 2.15% | 2.76% | 12.35% | 1.11% |
Drawdowns
EMFM vs. FM - Drawdown Comparison
The maximum EMFM drawdown since its inception was -46.62%, which is greater than FM's maximum drawdown of -41.63%. Use the drawdown chart below to compare losses from any high point for EMFM and FM. For additional features, visit the drawdowns tool.
Volatility
EMFM vs. FM - Volatility Comparison
The current volatility for Global X MSCI Next Emerging & Frontier ETF (EMFM) is 0.66%, while iShares MSCI Frontier 100 ETF (FM) has a volatility of 3.81%. This indicates that EMFM experiences smaller price fluctuations and is considered to be less risky than FM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.