EMXC vs. ARM
EMXC (iShares MSCI Emerging Markets ex China ETF) is Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index, while ARM (Arm Holdings plc American Depositary Shares) is a stock. Over the past year, EMXC returned 74.22% vs 204.35% for ARM. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
EMXC vs. ARM - Performance Comparison
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Returns By Period
In the year-to-date period, EMXC achieves a 42.50% return, which is significantly lower than ARM's 277.41% return.
EMXC
- 1D
- 3.83%
- 1M
- 10.65%
- YTD
- 42.50%
- 6M
- 47.59%
- 1Y
- 74.22%
- 3Y*
- 27.88%
- 5Y*
- 13.21%
- 10Y*
- —
ARM
- 1D
- 8.33%
- 1M
- 97.24%
- YTD
- 277.41%
- 6M
- 231.71%
- 1Y
- 204.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMXC vs. ARM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 42.50% | 35.14% | 2.68% | 9.24% |
ARM Arm Holdings plc American Depositary Shares | 277.41% | -11.39% | 64.16% | 33.95% |
Correlation
The correlation between EMXC and ARM is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.55 |
The correlation between EMXC and ARM has been stable across timeframes, ranging from 0.55 to 0.55 - a consistent structural relationship.
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Return for Risk
EMXC vs. ARM — Risk / Return Rank
EMXC
ARM
EMXC vs. ARM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China ETF (EMXC) and Arm Holdings plc American Depositary Shares (ARM). 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.
| EMXC | ARM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.44 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.18 | 4.96 | +0.22 |
| Martin ratioReturn relative to average drawdown | 19.92 | 9.74 | +10.18 |
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Drawdowns
EMXC vs. ARM - Drawdown Comparison
The maximum EMXC drawdown since its inception was -42.81%, smaller than the maximum ARM drawdown of -53.97%. Use the drawdown chart below to compare losses from any high point for EMXC and ARM.
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Drawdown Indicators
| EMXC | ARM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -53.97% | +11.16% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -41.47% | +27.06% |
Max Drawdown (3Y)Largest decline over 3 years | -19.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.91% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | 0.00% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -10.17% | -21.30% | +11.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 21.07% | -17.33% |
Volatility
EMXC vs. ARM - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets ex China ETF (EMXC) is 13.30%, while Arm Holdings plc American Depositary Shares (ARM) has a volatility of 37.61%. This indicates that EMXC experiences smaller price fluctuations and is considered to be less risky than ARM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMXC | ARM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.30% | 37.61% | -24.31% |
Volatility (6M)Calculated over the trailing 6-month period | 22.16% | 58.29% | -36.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.16% | 69.43% | -45.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 76.67% | -58.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 76.67% | -56.57% |
Dividends
EMXC vs. ARM - Dividend Comparison
EMXC's dividend yield for the trailing twelve months is around 2.56%, while ARM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ARM Arm Holdings plc American Depositary Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMXC iShares MSCI Emerging Markets ex China ETF | 2.56% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% |
Frequently Asked Questions
EMXC and ARM have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARM has higher volatility (37.61%) compared to EMXC (13.30%). In terms of maximum drawdown, EMXC dropped -42.81% vs ARM's -53.97%.
EMXC currently has the higher Sharpe Ratio (3.09 vs 2.97), 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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