EMOP vs. FWD

Last updated Aug 2, 2026

EMOP (AB Emerging Markets Opportunities ETF) and FWD (AB Disruptors ETF) are both exchange-traded funds - EMOP is a Emerging Markets Equities fund actively managed by AllianceBernstein, while FWD is a Global Equities fund actively managed by AllianceBernstein. Both are actively managed. Over the past year, EMOP returned 38.67% vs 39.21% for FWD. Their correlation of 0.82 means they have usually moved in the same direction. EMOP charges 0.70%/yr vs 0.65%/yr for FWD.

Performance

EMOP vs. FWD - Performance Comparison

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

Returns By Period

In the year-to-date period, EMOP achieves a 21.20% return, which is significantly higher than FWD's 20.07% return.

EMOP

• 1D: 0.49%
• 1M: -3.09%
• 6M: 9.87%
• YTD: 21.20%
• 1Y: 38.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.16%

FWD

• 1D: 1.20%
• 1M: -8.86%
• 6M: 11.18%
• YTD: 20.07%
• 1Y: 39.21%
• 3Y*: 29.50%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.81%

*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)
EMOP AB Emerging Markets Opportunities ETF	$2.89M	$2.64M	$4.99M
FWD AB Disruptors ETF	$39.66M	$42.86M	$36.96M

EMOP vs. FWD - Yearly Performance Comparison

	2026 (YTD)	2025
EMOP AB Emerging Markets Opportunities ETF	21.20%	16.48%
FWD AB Disruptors ETF	20.07%	23.75%

Correlation

The correlation between EMOP and FWD is 0.84, 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.	0.84
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.82

The correlation between EMOP and FWD has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

EMOP vs. FWD - Sectors Allocation Comparison

Sectors	EMOP	FWD
Technology	37.8%	51.2%
Financial Services	18.5%	0.5%
Consumer Defensive	8.7%	0.8%
Energy	8.1%	0.8%
Consumer Cyclical	8.1%	3.4%
Industrials	6.8%	16.7%
Communication Services	4.2%	3.8%
Healthcare	3.4%	8.1%
Utilities	2.8%	0.3%
Real Estate	2.7%	0.8%
Basic Materials	1.6%	1.8%

Return for Risk

EMOP vs. FWD — Risk / Return Rank

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

EMOP

EMOP Risk / Return Rank: 71
EMOP Sharpe Ratio Rank: 69
EMOP Sortino Ratio Rank: 64
EMOP Omega Ratio Rank: 70
EMOP Calmar Ratio Rank: 79
EMOP Martin Ratio Rank: 72

FWD

FWD Risk / Return Rank: 51
FWD Sharpe Ratio Rank: 51
FWD Sortino Ratio Rank: 48
FWD Omega Ratio Rank: 48
FWD Calmar Ratio Rank: 50
FWD Martin Ratio Rank: 58

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.

EMOP vs. FWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Emerging Markets Opportunities ETF (EMOP) and AB Disruptors ETF (FWD). 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	FWD	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.24	+0.36
Sortino ratio: Return per unit of downside risk	2.14	1.72	+0.42
Omega ratio: Gain probability vs. loss probability	1.30	1.22	+0.08
Calmar ratio: Return relative to maximum drawdown	2.86	1.78	+1.07
Martin ratio: Return relative to average drawdown	8.90	6.86	+2.05

EMOP vs. FWD - Sharpe Ratio Comparison

The current EMOP Sharpe Ratio is 1.60, which is comparable to the FWD Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of EMOP and FWD, 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. FWD - Drawdown Comparison

The maximum EMOP drawdown since its inception was -13.05%, smaller than the maximum FWD drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for EMOP and FWD.

Drawdown Indicators

	EMOP	FWD	Difference
Max Drawdown Largest peak-to-trough decline	-13.05%	-29.02%	+15.97%
Max Drawdown (1Y) Largest decline over 1 year	-13.05%	-20.49%	+7.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.02%	—
Current Drawdown Current decline from peak	-9.28%	-15.78%	+6.50%
Average Drawdown Average peak-to-trough decline	-2.47%	-4.26%	+1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	5.32%	-1.14%

Volatility

EMOP vs. FWD - Volatility Comparison

The current volatility for AB Emerging Markets Opportunities ETF (EMOP) is 9.10%, while AB Disruptors ETF (FWD) has a volatility of 11.37%. This indicates that EMOP experiences smaller price fluctuations and is considered to be less risky than FWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMOP	FWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.10%	11.37%	-2.27%
Volatility (6M) Calculated over the trailing 6-month period	21.10%	24.87%	-3.77%
Volatility (1Y) Calculated over the trailing 1-year period	23.30%	29.47%	-6.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.38%	26.00%	-3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.38%	26.00%	-3.62%

EMOP vs. FWD - Expense Ratio Comparison

EMOP has a 0.70% expense ratio, which is higher than FWD's 0.65% expense ratio.

Dividends

EMOP vs. FWD - Dividend Comparison

EMOP's dividend yield for the trailing twelve months is around 1.22%, more than FWD's 0.09% yield.

Position	TTM	2025	2024
EMOP AB Emerging Markets Opportunities ETF	1.22%	0.27%	0.00%
FWD AB Disruptors ETF	0.09%	0.11%	1.89%

Frequently Asked Questions

Can I hold both EMOP and FWD in my portfolio?

EMOP and FWD have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMOP or FWD?

FWD has higher volatility (11.37%) compared to EMOP (9.10%). In terms of maximum drawdown, EMOP dropped -13.05% vs FWD's -29.02%.

Which ETF is better, EMOP or FWD?

On 1-year performance, FWD leads with 39.21% vs 38.67% for EMOP. On fees, FWD is cheaper at 0.65% per year. On volatility, EMOP has been the lower-risk option at 9.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMOP or FWD?

Over the 1-year period, FWD has performed better with a 39.21% return vs 38.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMOP or FWD?

FWD is cheaper with a 0.65% expense ratio, compared with 0.70% for EMOP.

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

EMOP has the higher dividend yield at 1.22%, compared with 0.09% for FWD.

What is the main difference between EMOP and FWD?

EMOP is categorized as Emerging Markets Equities, while FWD is Global Equities. Their fees differ too: 0.70% for EMOP and 0.65% for FWD.

Which has better risk-adjusted returns?

EMOP currently has the higher Sharpe Ratio (1.60 vs 1.24), 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.