EMQQ vs. FMQQ
EMQQ (EMQQ The Emerging Markets Internet ETF) and FMQQ (FMQQ The Next Frontier Internet & Ecommerce ETF) are both exchange-traded funds - EMQQ is a Emerging Markets Equities fund tracking the EMQQ The Emerging Markets Internet Index, while FMQQ is a Emerging Markets Diversified fund tracking the FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, EMQQ returned 3.56%/yr vs 2.61%/yr for FMQQ. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.86% expense ratio.
Performance
EMQQ vs. FMQQ - Performance Comparison
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Returns By Period
In the year-to-date period, EMQQ achieves a -24.03% return, which is significantly lower than FMQQ's -17.33% return.
EMQQ
- 1D
- -2.14%
- 1M
- -5.28%
- YTD
- -24.03%
- 6M
- -23.90%
- 1Y
- -21.65%
- 3Y*
- 3.56%
- 5Y*
- -12.41%
- 10Y*
- 4.32%
FMQQ
- 1D
- -1.59%
- 1M
- 0.22%
- YTD
- -17.33%
- 6M
- -17.61%
- 1Y
- -20.84%
- 3Y*
- 2.61%
- 5Y*
- —
- 10Y*
- —
EMQQ vs. FMQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMQQ EMQQ The Emerging Markets Internet ETF | -24.03% | 20.66% | 13.79% | 4.48% | -30.70% | -15.75% |
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | -17.33% | 10.77% | 12.45% | 15.15% | -54.03% | -16.57% |
Correlation
The correlation between EMQQ and FMQQ is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.74 |
The correlation between EMQQ and FMQQ has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
EMQQ vs. FMQQ — Risk / Return Rank
EMQQ
FMQQ
EMQQ vs. FMQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EMQQ The Emerging Markets Internet ETF (EMQQ) and FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ). 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.
| EMQQ | FMQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.83 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.68 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.31 | -1.28 | -0.03 |
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Drawdowns
EMQQ vs. FMQQ - Drawdown Comparison
The maximum EMQQ drawdown since its inception was -73.24%, which is greater than FMQQ's maximum drawdown of -64.51%. Use the drawdown chart below to compare losses from any high point for EMQQ and FMQQ.
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Drawdown Indicators
| EMQQ | FMQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.24% | -64.51% | -8.73% |
Max Drawdown (1Y)Largest decline over 1 year | -32.55% | -30.82% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -32.55% | -30.82% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -66.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -73.24% | — | — |
Current DrawdownCurrent decline from peak | -59.98% | -55.31% | -4.67% |
Average DrawdownAverage peak-to-trough decline | -31.47% | -49.41% | +17.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.56% | 16.34% | +0.22% |
Volatility
EMQQ vs. FMQQ - Volatility Comparison
EMQQ The Emerging Markets Internet ETF (EMQQ) and FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) have volatilities of 5.99% and 6.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMQQ | FMQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 6.10% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 16.76% | 16.16% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.77% | 19.25% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.14% | 24.80% | +8.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.61% | 24.80% | +5.81% |
EMQQ vs. FMQQ - Expense Ratio Comparison
Both EMQQ and FMQQ have an expense ratio of 0.86%.
Dividends
EMQQ vs. FMQQ - Dividend Comparison
EMQQ's dividend yield for the trailing twelve months is around 4.07%, more than FMQQ's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMQQ EMQQ The Emerging Markets Internet ETF | 4.07% | 3.09% | 1.70% | 0.79% | 0.00% | 0.00% | 0.18% | 1.29% | 0.00% | 0.94% | 0.75% | 0.08% |
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | 0.74% | 0.61% | 0.45% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMQQ and FMQQ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMQQ has higher volatility (6.10%) compared to EMQQ (5.99%). In terms of maximum drawdown, EMQQ dropped -73.24% vs FMQQ's -64.51%.
On 3-year performance, EMQQ leads with 3.56% vs 2.61% for FMQQ. Both ETFs have the same 0.86% expense ratio. On volatility, EMQQ has been the lower-risk option at 5.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMQQ has performed better with a 3.56% return vs 2.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMQQ and FMQQ have the same expense ratio: 0.86% per year.
EMQQ has the higher dividend yield at 4.07%, compared with 0.74% for FMQQ.
EMQQ is categorized as Emerging Markets Equities, while FMQQ is Emerging Markets Diversified. EMQQ tracks EMQQ The Emerging Markets Internet Index, while FMQQ tracks FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net. They also come from different issuers: Exchange Traded Concepts and EMQQ.
EMQQ currently has the higher Sharpe Ratio (-1.05 vs -1.09), 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.
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