EMXC vs. ECON

Last updated Jun 24, 2026

EMXC (iShares MSCI Emerging Markets ex China ETF) and ECON (Columbia Emerging Markets Consumer ETF) are both Emerging Markets Equities funds - EMXC tracks the MSCI Emerging Markets ex China Index while ECON tracks the Dow Jones Emerging Markets Consumer Titans Index. Both are passively managed. Over the past 5 years, EMXC returned 12.43%/yr vs 6.68%/yr for ECON. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.

Performance

EMXC vs. ECON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets ex China ETF (EMXC) and Columbia Emerging Markets Consumer ETF (ECON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMXC achieves a 37.89% return, which is significantly higher than ECON's 31.82% return.

EMXC

• 1D: -6.44%
• 1M: 4.83%
• YTD: 37.89%
• 6M: 39.80%
• 1Y: 67.97%
• 3Y*: 27.65%
• 5Y*: 12.43%
• 10Y*: —

ECON

• 1D: -5.13%
• 1M: 5.11%
• YTD: 31.82%
• 6M: 32.29%
• 1Y: 58.08%
• 3Y*: 22.38%
• 5Y*: 6.68%
• 10Y*: 6.38%

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

EMXC vs. ECON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMXC iShares MSCI Emerging Markets ex China ETF	37.89%	35.14%	2.68%	18.96%	-19.56%	8.54%	12.76%	15.80%	-12.96%	7.16%
ECON Columbia Emerging Markets Consumer ETF	31.82%	34.15%	0.22%	7.51%	-16.00%	-14.11%	20.83%	17.22%	-26.87%	3.34%

Correlation

The correlation between EMXC and ECON is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017	0.77

The correlation between EMXC and ECON shifts across timeframes, from 0.77 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.

EMXC vs. ECON - Sectors Allocation Comparison

Sectors	EMXC	ECON
Technology	52.4%	44.0%
Financial Services	17.4%	20.5%
Industrials	6.9%	6.7%
Basic Materials	6.0%	5.5%
Consumer Cyclical	4.1%	6.1%
Energy	3.4%	3.5%
Communication Services	3.0%	5.3%
Consumer Defensive	2.4%	2.9%
Utilities	1.9%	1.8%
Healthcare	1.8%	2.6%
Real Estate	0.8%	1.1%

Return for Risk

EMXC vs. ECON — Risk / Return Rank

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

EMXC

EMXC Risk / Return Rank: 85
EMXC Sharpe Ratio Rank: 87
EMXC Sortino Ratio Rank: 77
EMXC Omega Ratio Rank: 86
EMXC Calmar Ratio Rank: 87
EMXC Martin Ratio Rank: 87

ECON

ECON Risk / Return Rank: 82
ECON Sharpe Ratio Rank: 84
ECON Sortino Ratio Rank: 77
ECON Omega Ratio Rank: 85
ECON Calmar Ratio Rank: 84
ECON Martin Ratio Rank: 82

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.

EMXC vs. ECON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China ETF (EMXC) and Columbia Emerging Markets Consumer ETF (ECON). 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	ECON	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.48	+0.22
Sortino ratio: Return per unit of downside risk	3.23	3.15	+0.09
Omega ratio: Gain probability vs. loss probability	1.50	1.47	+0.03
Calmar ratio: Return relative to maximum drawdown	4.74	4.24	+0.50
Martin ratio: Return relative to average drawdown	18.14	15.17	+2.96

EMXC vs. ECON - Sharpe Ratio Comparison

The current EMXC Sharpe Ratio is 2.70, which is comparable to the ECON Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of EMXC and ECON, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMXC vs. ECON - Drawdown Comparison

The maximum EMXC drawdown since its inception was -42.81%, smaller than the maximum ECON drawdown of -45.37%. Use the drawdown chart below to compare losses from any high point for EMXC and ECON.

Drawdown Indicators

	EMXC	ECON	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-45.37%	+2.56%
Max Drawdown (1Y) Largest decline over 1 year	-14.41%	-13.76%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-19.12%	-16.37%	-2.75%
Max Drawdown (5Y) Largest decline over 5 years	-28.91%	-38.08%	+9.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.37%	—
Current Drawdown Current decline from peak	-6.44%	-5.13%	-1.31%
Average Drawdown Average peak-to-trough decline	-10.15%	-16.60%	+6.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	3.84%	-0.08%

Volatility

EMXC vs. ECON - Volatility Comparison

iShares MSCI Emerging Markets ex China ETF (EMXC) has a higher volatility of 14.74% compared to Columbia Emerging Markets Consumer ETF (ECON) at 13.47%. This indicates that EMXC's price experiences larger fluctuations and is considered to be riskier than ECON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMXC	ECON	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.74%	13.47%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	23.44%	21.31%	+2.13%
Volatility (1Y) Calculated over the trailing 1-year period	25.27%	23.50%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.40%	20.95%	-2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.25%	21.23%	-0.98%

EMXC vs. ECON - Expense Ratio Comparison

Both EMXC and ECON have an expense ratio of 0.49%.

Dividends

EMXC vs. ECON - Dividend Comparison

EMXC's dividend yield for the trailing twelve months is around 1.93%, more than ECON's 1.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECON Columbia Emerging Markets Consumer ETF	1.34%	1.77%	0.76%	1.57%	2.06%	1.08%	0.63%	1.68%	0.98%	0.35%	0.74%	1.10%
EMXC iShares MSCI Emerging Markets ex China ETF	1.93%	2.82%	2.69%	1.83%	2.85%	1.78%	1.45%	3.25%	2.63%	0.99%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMXC and ECON in my portfolio?

With a correlation of 0.93, EMXC and ECON move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EMXC or ECON?

EMXC has higher volatility (14.74%) compared to ECON (13.47%). In terms of maximum drawdown, EMXC dropped -42.81% vs ECON's -45.37%.

Which ETF is better, EMXC or ECON?

On 5-year performance, EMXC leads with 12.43% vs 6.68% for ECON. Both ETFs have the same 0.49% expense ratio. On volatility, ECON has been the lower-risk option at 13.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMXC or ECON?

Over the 5-year period, EMXC has performed better with a 12.43% return vs 6.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMXC or ECON?

EMXC and ECON have the same expense ratio: 0.49% per year.

Which ETF pays a higher dividend yield, EMXC or ECON?

EMXC has the higher dividend yield at 1.93%, compared with 1.34% for ECON.

What is the main difference between EMXC and ECON?

EMXC tracks MSCI Emerging Markets ex China Index, while ECON tracks Dow Jones Emerging Markets Consumer Titans Index. They also come from different issuers: iShares and Ameriprise Financial.

Which has better risk-adjusted returns?

EMXC currently has the higher Sharpe Ratio (2.70 vs 2.48), 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.