EMMF vs. FLTW

Last updated Aug 2, 2026

EMMF (WisdomTree Emerging Markets Multifactor Fund) and FLTW (Franklin FTSE Taiwan ETF) are both exchange-traded funds - EMMF is a Emerging Markets Equities fund actively managed by WisdomTree, while FLTW is a Taiwan Equities fund tracking the FTSE Taiwan RIC Capped Index. EMMF is actively managed, while FLTW is passively managed. Over the past 5 years, EMMF returned 9.89%/yr vs 18.91%/yr for FLTW. Their 0.78 correlation means they have sometimes moved together and sometimes differently. EMMF charges 0.48%/yr vs 0.19%/yr for FLTW.

Performance

EMMF vs. FLTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Multifactor Fund (EMMF) and Franklin FTSE Taiwan ETF (FLTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMMF achieves a 15.85% return, which is significantly lower than FLTW's 53.07% return.

EMMF

• 1D: 1.12%
• 1M: -3.36%
• 6M: 7.56%
• YTD: 15.85%
• 1Y: 30.07%
• 3Y*: 17.16%
• 5Y*: 9.89%
• 10Y*: —
• ALL TIME*: 7.48%

FLTW

• 1D: 3.38%
• 1M: -8.11%
• 6M: 41.10%
• YTD: 53.07%
• 1Y: 78.62%
• 3Y*: 36.54%
• 5Y*: 18.91%
• 10Y*: —
• ALL TIME*: 18.45%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EMMF WisdomTree Emerging Markets Multifactor Fund	$671.84K	$537.76K	$597.96K
FLTW Franklin FTSE Taiwan ETF	$79.26M	$58.46M	$67.03M

EMMF vs. FLTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EMMF WisdomTree Emerging Markets Multifactor Fund	15.85%	21.22%	9.45%	20.59%	-13.47%	5.97%	9.25%	2.30%	-6.45%
FLTW Franklin FTSE Taiwan ETF	53.07%	32.00%	16.68%	30.05%	-27.51%	29.46%	29.77%	31.23%	-12.66%

Correlation

The correlation between EMMF and FLTW is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Aug 10, 2018	0.78

The correlation between EMMF and FLTW has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

EMMF vs. FLTW - Sectors Allocation Comparison

Sectors	EMMF	FLTW
Technology	39.6%	77.2%
Industrials	12.4%	3.0%
Consumer Cyclical	11.0%	1.6%
Financial Services	8.5%	12.5%
Basic Materials	8.0%	2.9%
Communication Services	6.8%	1.3%
Healthcare	4.5%	0.7%
Energy	3.3%	0.1%
Utilities	2.9%	-
Consumer Defensive	2.2%	0.7%
Real Estate	0.9%	-

Return for Risk

EMMF vs. FLTW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EMMF

EMMF Risk / Return Rank: 60
EMMF Sharpe Ratio Rank: 60
EMMF Sortino Ratio Rank: 54
EMMF Omega Ratio Rank: 65
EMMF Calmar Ratio Rank: 57
EMMF Martin Ratio Rank: 61

FLTW

FLTW Risk / Return Rank: 90
FLTW Sharpe Ratio Rank: 93
FLTW Sortino Ratio Rank: 87
FLTW Omega Ratio Rank: 89
FLTW Calmar Ratio Rank: 89
FLTW Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EMMF vs. FLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Multifactor Fund (EMMF) and Franklin FTSE Taiwan ETF (FLTW). 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.

	EMMF	FLTW	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.49	-1.07
Sortino ratio: Return per unit of downside risk	1.90	2.92	-1.02
Omega ratio: Gain probability vs. loss probability	1.28	1.41	-0.13
Calmar ratio: Return relative to maximum drawdown	2.04	3.73	-1.68
Martin ratio: Return relative to average drawdown	7.30	15.39	-8.08

EMMF vs. FLTW - Sharpe Ratio Comparison

The current EMMF Sharpe Ratio is 1.41, which is lower than the FLTW Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of EMMF and FLTW, 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

EMMF vs. FLTW - Drawdown Comparison

The maximum EMMF drawdown since its inception was -32.57%, smaller than the maximum FLTW drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for EMMF and FLTW.

Drawdown Indicators

	EMMF	FLTW	Difference
Max Drawdown Largest peak-to-trough decline	-32.57%	-38.00%	+5.43%
Max Drawdown (1Y) Largest decline over 1 year	-14.40%	-21.34%	+6.94%
Max Drawdown (3Y) Largest decline over 3 years	-16.02%	-26.45%	+10.43%
Max Drawdown (5Y) Largest decline over 5 years	-24.02%	-38.00%	+13.98%
Current Drawdown Current decline from peak	-10.59%	-14.83%	+4.24%
Average Drawdown Average peak-to-trough decline	-7.44%	-8.43%	+0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	5.16%	-1.14%

Volatility

EMMF vs. FLTW - Volatility Comparison

The current volatility for WisdomTree Emerging Markets Multifactor Fund (EMMF) is 8.23%, while Franklin FTSE Taiwan ETF (FLTW) has a volatility of 13.59%. This indicates that EMMF experiences smaller price fluctuations and is considered to be less risky than FLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMMF	FLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.23%	13.59%	-5.36%
Volatility (6M) Calculated over the trailing 6-month period	19.31%	28.76%	-9.45%
Volatility (1Y) Calculated over the trailing 1-year period	20.85%	32.00%	-11.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	24.04%	-8.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.11%	22.60%	-5.49%

EMMF vs. FLTW - Expense Ratio Comparison

EMMF has a 0.48% expense ratio, which is higher than FLTW's 0.19% expense ratio.

Dividends

EMMF vs. FLTW - Dividend Comparison

EMMF's dividend yield for the trailing twelve months is around 2.04%, more than FLTW's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EMMF WisdomTree Emerging Markets Multifactor Fund	2.04%	2.45%	1.30%	1.62%	3.48%	2.64%	1.93%	2.93%	0.66%
FLTW Franklin FTSE Taiwan ETF	1.76%	2.51%	1.89%	2.85%	3.16%	2.31%	2.14%	3.00%	1.06%

Frequently Asked Questions

Can I hold both EMMF and FLTW in my portfolio?

EMMF and FLTW have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMMF or FLTW?

FLTW has higher volatility (13.59%) compared to EMMF (8.23%). In terms of maximum drawdown, EMMF dropped -32.57% vs FLTW's -38.00%.

Which ETF is better, EMMF or FLTW?

On 5-year performance, FLTW leads with 18.91% vs 9.89% for EMMF. On fees, FLTW is cheaper at 0.19% per year. On volatility, EMMF has been the lower-risk option at 8.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMMF or FLTW?

Over the 5-year period, FLTW has performed better with a 18.91% return vs 9.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMMF or FLTW?

FLTW is cheaper with a 0.19% expense ratio, compared with 0.48% for EMMF.

Which ETF pays a higher dividend yield, EMMF or FLTW?

EMMF has the higher dividend yield at 2.04%, compared with 1.76% for FLTW.

What is the main difference between EMMF and FLTW?

EMMF is categorized as Emerging Markets Equities, while FLTW is Taiwan Equities. They also come from different issuers: WisdomTree and Franklin Templeton. Their fees differ too: 0.48% for EMMF and 0.19% for FLTW.

Which has better risk-adjusted returns?

FLTW currently has the higher Sharpe Ratio (2.49 vs 1.41), 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.