EMM vs. VWO
Compare and contrast key facts about Global X Emerging Markets ex-China ETF (EMM) and Vanguard FTSE Emerging Markets ETF (VWO).
EMM and VWO 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. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMM or VWO.
Key characteristics
| EMM | VWO | |
|---|---|---|
| YTD Return | 4.78% | 11.54% |
| 1Y Return | 10.31% | 16.00% |
| Sharpe Ratio | 0.79 | 1.25 |
| Sortino Ratio | 1.16 | 1.83 |
| Omega Ratio | 1.15 | 1.23 |
| Calmar Ratio | 1.05 | 0.79 |
| Martin Ratio | 3.35 | 6.82 |
| Ulcer Index | 3.81% | 2.74% |
| Daily Std Dev | 16.08% | 14.96% |
| Max Drawdown | -13.61% | -67.68% |
| Current Drawdown | -7.98% | -10.21% |
Correlation
The correlation between EMM and VWO is 0.87, 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. VWO - Performance Comparison
In the year-to-date period, EMM achieves a 4.78% return, which is significantly lower than VWO's 11.54% 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. VWO - Expense Ratio Comparison
EMM has a 0.75% expense ratio, which is higher than VWO's 0.08% expense ratio.
Risk-Adjusted Performance
EMM vs. VWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets ex-China ETF (EMM) and Vanguard FTSE Emerging Markets ETF (VWO). 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. VWO - Dividend Comparison
EMM's dividend yield for the trailing twelve months is around 0.94%, less than VWO's 2.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMM Global X Emerging Markets ex-China ETF | 0.94% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWO Vanguard FTSE Emerging Markets ETF | 2.66% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% | 2.73% |
Drawdowns
EMM vs. VWO - Drawdown Comparison
The maximum EMM drawdown since its inception was -13.61%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for EMM and VWO. For additional features, visit the drawdowns tool.
Volatility
EMM vs. VWO - Volatility Comparison
The current volatility for Global X Emerging Markets ex-China ETF (EMM) is 3.06%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 4.73%. This indicates that EMM experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.