EMOP vs. AGEM

Last updated Jun 23, 2026

EMOP (AB Emerging Markets Opportunities ETF) and AGEM (abrdn Emerging Markets Dividend Active ETF) are both Emerging Markets Equities funds. Both are actively managed. Over the past year, EMOP returned 56.25% vs 64.77% for AGEM. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.70% expense ratio.

Performance

EMOP vs. AGEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Emerging Markets Opportunities ETF (EMOP) and abrdn Emerging Markets Dividend Active ETF (AGEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with EMOP having a 33.60% return and AGEM slightly higher at 34.43%.

EMOP

• 1D: 0.47%
• 1M: 6.99%
• YTD: 33.60%
• 6M: 35.45%
• 1Y: 56.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AGEM

• 1D: 0.62%
• 1M: 8.57%
• YTD: 34.43%
• 6M: 35.79%
• 1Y: 64.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMOP vs. AGEM - Yearly Performance Comparison

	2026 (YTD)	2025
EMOP AB Emerging Markets Opportunities ETF	33.60%	16.48%
AGEM abrdn Emerging Markets Dividend Active ETF	34.43%	21.56%

Correlation

The correlation between EMOP and AGEM is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.92

The correlation between EMOP and AGEM has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

Return for Risk

EMOP vs. AGEM — Risk / Return Rank

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

EMOP

EMOP Risk / Return Rank: 83
EMOP Sharpe Ratio Rank: 86
EMOP Sortino Ratio Rank: 79
EMOP Omega Ratio Rank: 85
EMOP Calmar Ratio Rank: 84
EMOP Martin Ratio Rank: 83

AGEM

AGEM Risk / Return Rank: 87
AGEM Sharpe Ratio Rank: 91
AGEM Sortino Ratio Rank: 86
AGEM Omega Ratio Rank: 89
AGEM Calmar Ratio Rank: 86
AGEM 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.

EMOP vs. AGEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Emerging Markets Opportunities ETF (EMOP) and abrdn Emerging Markets Dividend Active ETF (AGEM). 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.

	EMOP	AGEM	Difference
Sharpe ratio: Return per unit of total volatility	2.68	2.97	-0.28
Sortino ratio: Return per unit of downside risk	3.37	3.68	-0.31
Omega ratio: Gain probability vs. loss probability	1.49	1.53	-0.04
Calmar ratio: Return relative to maximum drawdown	4.39	4.68	-0.29
Martin ratio: Return relative to average drawdown	16.44	17.46	-1.02

EMOP vs. AGEM - Sharpe Ratio Comparison

The current EMOP Sharpe Ratio is 2.68, which is comparable to the AGEM Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of EMOP and AGEM, 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

EMOP vs. AGEM - Drawdown Comparison

The maximum EMOP drawdown since its inception was -12.88%, smaller than the maximum AGEM drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for EMOP and AGEM.

Drawdown Indicators

	EMOP	AGEM	Difference
Max Drawdown Largest peak-to-trough decline	-12.88%	-15.58%	+2.70%
Max Drawdown (1Y) Largest decline over 1 year	-12.88%	-13.92%	+1.04%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.99%	-2.29%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	3.72%	-0.29%

Volatility

EMOP vs. AGEM - Volatility Comparison

The current volatility for AB Emerging Markets Opportunities ETF (EMOP) is 9.44%, while abrdn Emerging Markets Dividend Active ETF (AGEM) has a volatility of 10.54%. This indicates that EMOP experiences smaller price fluctuations and is considered to be less risky than AGEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMOP	AGEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.44%	10.54%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	18.93%	19.79%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	21.12%	21.99%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.04%	22.53%	-1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.04%	22.53%	-1.49%

EMOP vs. AGEM - Expense Ratio Comparison

Both EMOP and AGEM have an expense ratio of 0.70%.

Dividends

EMOP vs. AGEM - Dividend Comparison

EMOP's dividend yield for the trailing twelve months is around 0.81%, less than AGEM's 1.67% yield.

Position	TTM	2025
AGEM abrdn Emerging Markets Dividend Active ETF	1.67%	1.80%
EMOP AB Emerging Markets Opportunities ETF	0.81%	0.27%

Frequently Asked Questions

Can I hold both EMOP and AGEM in my portfolio?

With a correlation of 0.92, EMOP and AGEM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EMOP or AGEM?

AGEM has higher volatility (10.54%) compared to EMOP (9.44%). In terms of maximum drawdown, EMOP dropped -12.88% vs AGEM's -15.58%.

Which ETF is better, EMOP or AGEM?

On 1-year performance, AGEM leads with 64.77% vs 56.25% for EMOP. Both ETFs have the same 0.70% expense ratio. On volatility, EMOP has been the lower-risk option at 9.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMOP or AGEM?

Over the 1-year period, AGEM has performed better with a 64.77% return vs 56.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMOP or AGEM?

EMOP and AGEM have the same expense ratio: 0.70% per year.

Which ETF pays a higher dividend yield, EMOP or AGEM?

AGEM has the higher dividend yield at 1.67%, compared with 0.81% for EMOP.

What is the main difference between EMOP and AGEM?

They also come from different issuers: AllianceBernstein and abrdn.

Which has better risk-adjusted returns?

AGEM currently has the higher Sharpe Ratio (2.97 vs 2.68), 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.