EMM vs. DTCR

Last updated Jun 24, 2026

EMM (Global X Emerging Markets ex-China ETF) and DTCR (Global X Data Center & Digital Infrastructure ETF) are both exchange-traded funds - EMM is a Emerging Markets Diversified fund actively managed by Global X, while DTCR is a REIT fund tracking the Solactive Data Center REITs & Digital Infrastructure Index. EMM is actively managed, while DTCR is passively managed. Over the past 3 years, EMM returned 21.97%/yr vs 35.46%/yr for DTCR. A 0.65 correlation means they provide meaningful diversification when combined. EMM charges 0.75%/yr vs 0.50%/yr for DTCR.

Performance

EMM vs. DTCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Emerging Markets ex-China ETF (EMM) and Global X Data Center & Digital Infrastructure ETF (DTCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMM achieves a 30.43% return, which is significantly lower than DTCR's 49.19% return.

EMM

• 1D: -5.60%
• 1M: 4.22%
• YTD: 30.43%
• 6M: 33.87%
• 1Y: 55.00%
• 3Y*: 21.97%
• 5Y*: —
• 10Y*: —

DTCR

• 1D: -3.02%
• 1M: 3.31%
• YTD: 49.19%
• 6M: 51.34%
• 1Y: 73.85%
• 3Y*: 35.46%
• 5Y*: 14.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMM vs. DTCR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EMM Global X Emerging Markets ex-China ETF	30.43%	30.21%	2.34%	2.99%
DTCR Global X Data Center & Digital Infrastructure ETF	49.19%	28.99%	14.92%	17.42%

Correlation

The correlation between EMM and DTCR is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since May 15, 2023	0.65

The correlation between EMM and DTCR has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

Return for Risk

EMM vs. DTCR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMM

EMM Risk / Return Rank: 76
EMM Sharpe Ratio Rank: 76
EMM Sortino Ratio Rank: 68
EMM Omega Ratio Rank: 76
EMM Calmar Ratio Rank: 77
EMM Martin Ratio Rank: 81

DTCR

DTCR Risk / Return Rank: 89
DTCR Sharpe Ratio Rank: 93
DTCR Sortino Ratio Rank: 88
DTCR Omega Ratio Rank: 86
DTCR Calmar Ratio Rank: 92
DTCR Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMM vs. DTCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets ex-China ETF (EMM) and Global X Data Center & Digital Infrastructure ETF (DTCR). 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.

	EMM	DTCR	Difference
Sharpe ratio: Return per unit of total volatility	2.26	3.19	-0.94
Sortino ratio: Return per unit of downside risk	2.87	3.84	-0.98
Omega ratio: Gain probability vs. loss probability	1.42	1.51	-0.09
Calmar ratio: Return relative to maximum drawdown	3.75	5.76	-2.01
Martin ratio: Return relative to average drawdown	15.03	17.72	-2.69

EMM vs. DTCR - Sharpe Ratio Comparison

The current EMM Sharpe Ratio is 2.26, which is comparable to the DTCR Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of EMM and DTCR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMM vs. DTCR - Drawdown Comparison

The maximum EMM drawdown since its inception was -21.99%, smaller than the maximum DTCR drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for EMM and DTCR.

Drawdown Indicators

	EMM	DTCR	Difference
Max Drawdown Largest peak-to-trough decline	-21.99%	-38.98%	+16.99%
Max Drawdown (1Y) Largest decline over 1 year	-14.75%	-12.89%	-1.86%
Max Drawdown (3Y) Largest decline over 3 years	-21.99%	-24.96%	+2.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.98%	—
Current Drawdown Current decline from peak	-5.60%	-3.02%	-2.58%
Average Drawdown Average peak-to-trough decline	-4.67%	-12.28%	+7.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	4.18%	-0.51%

Volatility

EMM vs. DTCR - Volatility Comparison

Global X Emerging Markets ex-China ETF (EMM) has a higher volatility of 13.10% compared to Global X Data Center & Digital Infrastructure ETF (DTCR) at 9.71%. This indicates that EMM's price experiences larger fluctuations and is considered to be riskier than DTCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMM	DTCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.10%	9.71%	+3.39%
Volatility (6M) Calculated over the trailing 6-month period	22.46%	18.51%	+3.95%
Volatility (1Y) Calculated over the trailing 1-year period	24.51%	23.26%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.83%	22.15%	-2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.83%	22.10%	-2.27%

EMM vs. DTCR - Expense Ratio Comparison

EMM has a 0.75% expense ratio, which is higher than DTCR's 0.50% expense ratio.

Dividends

EMM vs. DTCR - Dividend Comparison

EMM's dividend yield for the trailing twelve months is around 0.69%, less than DTCR's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DTCR Global X Data Center & Digital Infrastructure ETF	0.74%	1.10%	1.72%	1.18%	2.57%	1.27%	0.30%
EMM Global X Emerging Markets ex-China ETF	0.69%	0.90%	0.80%	0.66%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMM and DTCR in my portfolio?

EMM and DTCR have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMM or DTCR?

EMM has higher volatility (13.10%) compared to DTCR (9.71%). In terms of maximum drawdown, EMM dropped -21.99% vs DTCR's -38.98%.

Which ETF is better, EMM or DTCR?

On 3-year performance, DTCR leads with 35.46% vs 21.97% for EMM. On fees, DTCR is cheaper at 0.50% per year. On volatility, DTCR has been the lower-risk option at 9.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMM or DTCR?

Over the 3-year period, DTCR has performed better with a 35.46% return vs 21.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMM or DTCR?

DTCR is cheaper with a 0.50% expense ratio, compared with 0.75% for EMM.

Which ETF pays a higher dividend yield, EMM or DTCR?

DTCR has the higher dividend yield at 0.74%, compared with 0.69% for EMM.

What is the main difference between EMM and DTCR?

EMM is categorized as Emerging Markets Diversified, while DTCR is REIT. Their fees differ too: 0.75% for EMM and 0.50% for DTCR.

Which has better risk-adjusted returns?

DTCR currently has the higher Sharpe Ratio (3.19 vs 2.25), 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.