EMSF vs. FRDM
Compare and contrast key facts about Matthews Emerging Markets Sustainable Future Active ETF (EMSF) and Freedom 100 Emerging Markets ETF (FRDM).
EMSF and FRDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMSF is an actively managed fund by Matthews. It was launched on Sep 21, 2023. FRDM is a passively managed fund by Freedom Funds that tracks the performance of the Life + Liberty Freedom 100 Emerging Markets Index. It was launched on May 22, 2019.
Performance
EMSF vs. FRDM - Performance Comparison
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EMSF vs. FRDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMSF Matthews Emerging Markets Sustainable Future Active ETF | 9.54% | 19.20% | -3.09% | 1.88% |
FRDM Freedom 100 Emerging Markets ETF | 7.05% | 61.27% | 1.70% | 15.44% |
Returns By Period
In the year-to-date period, EMSF achieves a 9.54% return, which is significantly higher than FRDM's 7.05% return.
EMSF
- 1D
- 4.37%
- 1M
- -9.73%
- YTD
- 9.54%
- 6M
- 8.20%
- 1Y
- 30.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRDM
- 1D
- 4.49%
- 1M
- -12.64%
- YTD
- 7.05%
- 6M
- 24.68%
- 1Y
- 59.74%
- 3Y*
- 26.32%
- 5Y*
- 12.99%
- 10Y*
- —
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EMSF vs. FRDM - Expense Ratio Comparison
EMSF has a 0.79% expense ratio, which is higher than FRDM's 0.49% expense ratio.
Return for Risk
EMSF vs. FRDM — Risk / Return Rank
EMSF
FRDM
EMSF vs. FRDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Sustainable Future Active ETF (EMSF) and Freedom 100 Emerging Markets ETF (FRDM). 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.
| EMSF | FRDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 2.55 | -1.29 |
Sortino ratioReturn per unit of downside risk | 1.74 | 3.15 | -1.41 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.47 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 3.52 | -1.47 |
Martin ratioReturn relative to average drawdown | 6.96 | 14.69 | -7.73 |
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
| EMSF | FRDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.55 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.66 | -0.17 |
Correlation
The correlation between EMSF and FRDM is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EMSF vs. FRDM - Dividend Comparison
EMSF's dividend yield for the trailing twelve months is around 1.72%, less than FRDM's 2.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMSF Matthews Emerging Markets Sustainable Future Active ETF | 1.72% | 1.88% | 3.29% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
FRDM Freedom 100 Emerging Markets ETF | 2.04% | 2.26% | 2.53% | 2.66% | 2.72% | 2.17% | 1.11% | 1.07% |
Drawdowns
EMSF vs. FRDM - Drawdown Comparison
The maximum EMSF drawdown since its inception was -24.75%, smaller than the maximum FRDM drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for EMSF and FRDM.
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Drawdown Indicators
| EMSF | FRDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -40.49% | +15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -16.87% | +2.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.25% | — |
Current DrawdownCurrent decline from peak | -10.83% | -13.13% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -7.21% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 4.04% | +0.25% |
Volatility
EMSF vs. FRDM - Volatility Comparison
Matthews Emerging Markets Sustainable Future Active ETF (EMSF) and Freedom 100 Emerging Markets ETF (FRDM) have volatilities of 12.64% and 13.19%, 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
| EMSF | FRDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.64% | 13.19% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 19.40% | 18.31% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 23.57% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.79% | 20.00% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.79% | 22.36% | -0.57% |