EMXC vs. GEME
EMXC (iShares MSCI Emerging Markets ex China ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. EMXC is passively managed, while GEME is actively managed. Over the past year, EMXC returned 77.94% vs 82.30% for GEME. Their correlation of 0.84 suggests significant overlap in exposure. EMXC charges 0.49%/yr vs 0.75%/yr for GEME.
Performance
EMXC vs. GEME - Performance Comparison
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Returns By Period
In the year-to-date period, EMXC achieves a 41.72% return, which is significantly higher than GEME's 38.52% return.
EMXC
- 1D
- -1.00%
- 1M
- 12.61%
- YTD
- 41.72%
- 6M
- 46.94%
- 1Y
- 77.94%
- 3Y*
- 29.08%
- 5Y*
- 12.76%
- 10Y*
- —
GEME
- 1D
- -1.23%
- 1M
- 10.91%
- YTD
- 38.52%
- 6M
- 44.89%
- 1Y
- 82.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMXC vs. GEME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 41.72% | 30.84% |
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 38.52% | 37.35% |
Correlation
The correlation between EMXC and GEME is 0.86, 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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025 | 0.84 |
The correlation between EMXC and GEME has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
EMXC vs. GEME — Risk / Return Rank
EMXC
GEME
EMXC vs. GEME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China ETF (EMXC) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). 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.
| EMXC | GEME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.68 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.44 | 6.15 | -0.71 |
| Martin ratioReturn relative to average drawdown | 21.99 | 24.06 | -2.06 |
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
| EMXC | GEME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.61 | 3.90 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 2.66 | -2.11 |
Drawdowns
EMXC vs. GEME - Drawdown Comparison
The maximum EMXC drawdown since its inception was -42.81%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for EMXC and GEME.
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Drawdown Indicators
| EMXC | GEME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -16.86% | -25.95% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -13.46% | -0.95% |
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 | -1.00% | -1.23% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -2.30% | -7.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.43% | +0.13% |
Volatility
EMXC vs. GEME - Volatility Comparison
iShares MSCI Emerging Markets ex China ETF (EMXC) has a higher volatility of 9.88% compared to Pacific North of South Global Emerging Markets Equity Active ETF (GEME) at 8.56%. This indicates that EMXC's price experiences larger fluctuations and is considered to be riskier than GEME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMXC | GEME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.88% | 8.56% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | 17.91% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.70% | 21.23% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 22.95% | -5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.82% | 22.95% | -3.13% |
EMXC vs. GEME - Expense Ratio Comparison
EMXC has a 0.49% expense ratio, which is lower than GEME's 0.75% expense ratio.
Dividends
EMXC vs. GEME - Dividend Comparison
EMXC's dividend yield for the trailing twelve months is around 1.99%, less than GEME's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 1.99% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% |
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 5.06% | 7.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMXC and GEME have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMXC has higher volatility (9.88%) compared to GEME (8.56%). In terms of maximum drawdown, EMXC dropped -42.81% vs GEME's -16.86%.
On 1-year performance, GEME leads with 82.30% vs 77.94% for EMXC. On fees, EMXC is cheaper at 0.49% per year. On volatility, GEME has been the lower-risk option at 8.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GEME has performed better with a 82.30% return vs 77.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMXC is cheaper with a 0.49% expense ratio, compared with 0.75% for GEME.
GEME has the higher dividend yield at 5.06%, compared with 1.99% for EMXC.
They also come from different issuers: iShares and Pacific AM. Their fees differ too: 0.49% for EMXC and 0.75% for GEME.
GEME currently has the higher Sharpe Ratio (3.90 vs 3.61), 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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