EMSQX vs. FCEEX

Last updated Apr 2, 2026

Compare and contrast key facts about Shelton Emerging Markets Fund (EMSQX) and Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX).

EMSQX is managed by Shelton Capital Management. It was launched on Mar 19, 1997. FCEEX is managed by Franklin Templeton. It was launched on Jul 31, 2019.

Performance

EMSQX vs. FCEEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shelton Emerging Markets Fund (EMSQX) and Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX). The values are adjusted to include any dividend payments, if applicable.

EMSQX vs. FCEEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EMSQX Shelton Emerging Markets Fund	3.82%	32.98%	3.45%	15.43%	-14.33%	0.77%	44.90%
FCEEX Franklin Emerging Market Core Equity (IU) Fund Advisor	4.40%	34.81%	10.51%	12.52%	-16.96%	-1.29%	21.40%

Returns By Period

In the year-to-date period, EMSQX achieves a 3.82% return, which is significantly lower than FCEEX's 4.40% return.

EMSQX

• 1D: 2.53%
• 1M: -9.27%
• YTD: 3.82%
• 6M: 7.05%
• 1Y: 33.61%
• 3Y*: 14.47%
• 5Y*: 7.02%
• 10Y*: —

FCEEX

• 1D: 2.54%
• 1M: -8.70%
• YTD: 4.40%
• 6M: 7.60%
• 1Y: 34.25%
• 3Y*: 18.70%
• 5Y*: 6.00%
• 10Y*: —

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

EMSQX vs. FCEEX - Expense Ratio Comparison

EMSQX has a 1.77% expense ratio, which is higher than FCEEX's 0.17% expense ratio.

EMSQX

Shelton Emerging Markets Fund

FCEEX

Franklin Emerging Market Core Equity (IU) Fund Advisor

Return for Risk

EMSQX vs. FCEEX — Risk / Return Rank

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

EMSQX

EMSQX Risk / Return Rank: 85
EMSQX Sharpe Ratio Rank: 88
EMSQX Sortino Ratio Rank: 86
EMSQX Omega Ratio Rank: 81
EMSQX Calmar Ratio Rank: 85
EMSQX Martin Ratio Rank: 83

FCEEX

FCEEX Risk / Return Rank: 89
FCEEX Sharpe Ratio Rank: 91
FCEEX Sortino Ratio Rank: 89
FCEEX Omega Ratio Rank: 87
FCEEX Calmar Ratio Rank: 88
FCEEX Martin Ratio Rank: 88

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.

EMSQX vs. FCEEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shelton Emerging Markets Fund (EMSQX) and Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX). 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.

	EMSQX	FCEEX	Difference
Sharpe ratio Return per unit of total volatility	1.89	1.99	-0.10
Sortino ratio Return per unit of downside risk	2.45	2.56	-0.11
Omega ratio Gain probability vs. loss probability	1.34	1.38	-0.04
Calmar ratio Return relative to maximum drawdown	2.40	2.51	-0.11
Martin ratio Return relative to average drawdown	9.39	10.02	-0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMSQX vs. FCEEX - Sharpe Ratio Comparison

The current EMSQX Sharpe Ratio is 1.89, which is comparable to the FCEEX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of EMSQX and FCEEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMSQX	FCEEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.99	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.36	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.49	+0.33

Correlation

The correlation between EMSQX and FCEEX is 0.78, 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

EMSQX vs. FCEEX - Dividend Comparison

EMSQX's dividend yield for the trailing twelve months is around 15.76%, more than FCEEX's 3.15% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
EMSQX Shelton Emerging Markets Fund	15.76%	16.36%	7.85%	10.06%	1.52%	1.94%	0.18%	0.00%
FCEEX Franklin Emerging Market Core Equity (IU) Fund Advisor	3.15%	3.29%	4.17%	4.36%	4.08%	3.38%	2.98%	0.40%

Drawdowns

EMSQX vs. FCEEX - Drawdown Comparison

The maximum EMSQX drawdown since its inception was -29.96%, smaller than the maximum FCEEX drawdown of -34.68%. Use the drawdown chart below to compare losses from any high point for EMSQX and FCEEX.

Drawdown Indicators

	EMSQX	FCEEX	Difference
Max Drawdown Largest peak-to-trough decline	-29.96%	-34.68%	+4.72%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-12.98%	-0.62%
Max Drawdown (5Y) Largest decline over 5 years	-27.29%	-33.96%	+6.67%
Current Drawdown Current decline from peak	-11.42%	-10.77%	-0.65%
Average Drawdown Average peak-to-trough decline	-8.16%	-11.50%	+3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	3.26%	+0.22%

Volatility

EMSQX vs. FCEEX - Volatility Comparison

Shelton Emerging Markets Fund (EMSQX) and Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX) have volatilities of 8.37% and 8.67%, 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.

Volatility by Period

	EMSQX	FCEEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.37%	8.67%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	13.62%	13.44%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	18.68%	17.79%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	16.56%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	18.18%	-1.70%