EMQQ.DE vs. FCO2.DE
EMQQ.DE (HANetf EMQQ Emerging Markets Internet & Ecommerce UCITS ETF) and FCO2.DE (HANetf SparkChange Physical Carbon EUA ETC) are both exchange-traded funds - EMQQ.DE is a Technology Equities fund tracking the EMQQ Emerging Markets Internet & Ecommerce, while FCO2.DE is a Commodities fund tracking the EU Carbon Emission Allowances (EUA). Both are passively managed. Over the past 3 years, EMQQ.DE returned 2.44%/yr vs -3.01%/yr for FCO2.DE. At a 0.07 correlation, their price movements are largely independent. EMQQ.DE charges 0.86%/yr vs 0.89%/yr for FCO2.DE.
Performance
EMQQ.DE vs. FCO2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMQQ.DE achieves a -18.13% return, which is significantly lower than FCO2.DE's -10.46% return.
EMQQ.DE
- 1D
- 0.12%
- 1M
- -4.80%
- YTD
- -18.13%
- 6M
- -20.69%
- 1Y
- -18.98%
- 3Y*
- 2.44%
- 5Y*
- -10.68%
- 10Y*
- —
FCO2.DE
- 1D
- -2.02%
- 1M
- 2.15%
- YTD
- -10.46%
- 6M
- -8.03%
- 1Y
- 4.93%
- 3Y*
- -3.01%
- 5Y*
- —
- 10Y*
- —
EMQQ.DE vs. FCO2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMQQ.DE HANetf EMQQ Emerging Markets Internet & Ecommerce UCITS ETF | -18.13% | 5.41% | 20.08% | 1.14% | -8.28% |
FCO2.DE HANetf SparkChange Physical Carbon EUA ETC | -10.46% | 20.70% | -11.00% | -5.14% | -0.32% |
Correlation
The correlation between EMQQ.DE and FCO2.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022 | 0.07 |
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Return for Risk
EMQQ.DE vs. FCO2.DE — Risk / Return Rank
EMQQ.DE
FCO2.DE
EMQQ.DE vs. FCO2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf EMQQ Emerging Markets Internet & Ecommerce UCITS ETF (EMQQ.DE) and HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE). 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.
| EMQQ.DE | FCO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.06 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 0.16 | -0.79 |
| Martin ratioReturn relative to average drawdown | -1.21 | 0.41 | -1.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMQQ.DE | FCO2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | 0.19 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | -0.07 | +0.15 |
Drawdowns
EMQQ.DE vs. FCO2.DE - Drawdown Comparison
The maximum EMQQ.DE drawdown since its inception was -67.94%, which is greater than FCO2.DE's maximum drawdown of -48.49%. Use the drawdown chart below to compare losses from any high point for EMQQ.DE and FCO2.DE.
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Drawdown Indicators
| EMQQ.DE | FCO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.94% | -48.49% | -19.45% |
Max Drawdown (1Y)Largest decline over 1 year | -28.95% | -31.46% | +2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -28.95% | -45.60% | +16.65% |
Max Drawdown (5Y)Largest decline over 5 years | -59.73% | — | — |
Current DrawdownCurrent decline from peak | -56.76% | -24.40% | -32.36% |
Average DrawdownAverage peak-to-trough decline | -35.78% | -23.38% | -12.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.16% | 12.41% | +2.75% |
Volatility
EMQQ.DE vs. FCO2.DE - Volatility Comparison
HANetf EMQQ Emerging Markets Internet & Ecommerce UCITS ETF (EMQQ.DE) has a higher volatility of 6.84% compared to HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) at 5.99%. This indicates that EMQQ.DE's price experiences larger fluctuations and is considered to be riskier than FCO2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMQQ.DE | FCO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 5.99% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 22.94% | -7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.59% | 26.69% | -7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.98% | 34.04% | -3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.78% | 34.04% | -3.26% |
EMQQ.DE vs. FCO2.DE - Expense Ratio Comparison
EMQQ.DE has a 0.86% expense ratio, which is lower than FCO2.DE's 0.89% expense ratio.
Dividends
EMQQ.DE vs. FCO2.DE - Dividend Comparison
Neither EMQQ.DE nor FCO2.DE has paid dividends to shareholders.
Frequently Asked Questions
EMQQ.DE and FCO2.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMQQ.DE is cheaper at 0.86% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMQQ.DE is cheaper with a 0.86% expense ratio, compared with 0.89% for FCO2.DE.
EMQQ.DE is categorized as Technology Equities, while FCO2.DE is Commodities. EMQQ.DE tracks EMQQ Emerging Markets Internet & Ecommerce, while FCO2.DE tracks EU Carbon Emission Allowances (EUA). Their fees differ too: 0.86% for EMQQ.DE and 0.89% for FCO2.DE.
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