EMM vs. EMXC
Compare and contrast key facts about Global X Emerging Markets ex-China ETF (EMM) and iShares MSCI Emerging Markets ex China ETF (EMXC).
EMM and EMXC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMM is an actively managed fund by Global X. It was launched on Sep 24, 2010. EMXC is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets ex China Index. It was launched on Jul 19, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMM or EMXC.
Key characteristics
| EMM | EMXC | |
|---|---|---|
| YTD Return | 5.82% | 5.52% |
| 1Y Return | 13.88% | 16.81% |
| Sharpe Ratio | 0.84 | 1.15 |
| Sortino Ratio | 1.22 | 1.62 |
| Omega Ratio | 1.16 | 1.21 |
| Calmar Ratio | 1.11 | 0.98 |
| Martin Ratio | 3.59 | 5.66 |
| Ulcer Index | 3.77% | 2.89% |
| Daily Std Dev | 16.05% | 14.22% |
| Max Drawdown | -13.61% | -42.80% |
| Current Drawdown | -7.07% | -7.97% |
Correlation
The correlation between EMM and EMXC is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EMM vs. EMXC - Performance Comparison
In the year-to-date period, EMM achieves a 5.82% return, which is significantly higher than EMXC's 5.52% 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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EMM vs. EMXC - Expense Ratio Comparison
EMM has a 0.75% expense ratio, which is higher than EMXC's 0.49% expense ratio.
Risk-Adjusted Performance
EMM vs. EMXC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets ex-China ETF (EMM) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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
EMM vs. EMXC - Dividend Comparison
EMM's dividend yield for the trailing twelve months is around 0.93%, less than EMXC's 1.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
EMM Global X Emerging Markets ex-China ETF | 0.93% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMXC iShares MSCI Emerging Markets ex China ETF | 1.95% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% |
Drawdowns
EMM vs. EMXC - Drawdown Comparison
The maximum EMM drawdown since its inception was -13.61%, smaller than the maximum EMXC drawdown of -42.80%. Use the drawdown chart below to compare losses from any high point for EMM and EMXC. For additional features, visit the drawdowns tool.
Volatility
EMM vs. EMXC - Volatility Comparison
The current volatility for Global X Emerging Markets ex-China ETF (EMM) is 3.05%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 3.33%. This indicates that EMM experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.