EMXC vs. GQGIX
EMXC (iShares MSCI Emerging Markets ex China ETF) and GQGIX (GQG Partners Emerging Markets Equity Fund Institutional Shares) are both Emerging Markets Equities funds. Over the past 5 years, EMXC returned 10.90%/yr vs 4.95%/yr for GQGIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. EMXC charges 0.49%/yr vs 0.98%/yr for GQGIX.
Performance
EMXC vs. GQGIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMXC achieves a 28.12% return, which is significantly higher than GQGIX's 8.26% return.
EMXC
- 1D
- 0.49%
- 1M
- -4.55%
- 6M
- 15.83%
- YTD
- 28.12%
- 1Y
- 51.73%
- 3Y*
- 23.89%
- 5Y*
- 10.90%
- 10Y*
- —
- ALL TIME*
- 9.40%
GQGIX
- 1D
- 0.57%
- 1M
- 4.05%
- 6M
- 2.72%
- YTD
- 8.26%
- 1Y
- 16.88%
- 3Y*
- 11.03%
- 5Y*
- 4.95%
- 10Y*
- —
- ALL TIME*
- 8.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $255.60M | $267.52M | $279.80M | |
| $0.00 | $0.00 | $0.00 |
EMXC vs. GQGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 28.12% | 35.14% | 2.68% | 18.96% | -19.56% | 8.54% | 12.76% | 15.80% | -12.96% | 7.16% |
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 8.26% | 9.92% | 6.19% | 28.81% | -20.85% | -2.37% | 33.98% | 21.08% | -14.70% | 9.59% |
Correlation
The correlation between EMXC and GQGIX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017 | 0.74 |
The correlation between EMXC and GQGIX has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMXC vs. GQGIX — Risk / Return Rank
EMXC
GQGIX
EMXC vs. GQGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China ETF (EMXC) and GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX). 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 | GQGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 1.79 | +1.03 |
| Martin ratioReturn relative to average drawdown | 9.91 | 5.03 | +4.88 |
Loading charts...
Drawdowns
EMXC vs. GQGIX - Drawdown Comparison
The maximum EMXC drawdown since its inception was -42.81%, which is greater than GQGIX's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for EMXC and GQGIX.
Loading charts...
Drawdown Indicators
| EMXC | GQGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -33.50% | -9.31% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -9.11% | -9.32% |
Max Drawdown (3Y)Largest decline over 3 years | -19.12% | -18.74% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -28.91% | -28.02% | -0.89% |
Current DrawdownCurrent decline from peak | -13.07% | -2.48% | -10.59% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -11.26% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 3.24% | +1.99% |
Volatility
EMXC vs. GQGIX - Volatility Comparison
iShares MSCI Emerging Markets ex China ETF (EMXC) has a higher volatility of 10.77% compared to GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) at 2.96%. This indicates that EMXC's price experiences larger fluctuations and is considered to be riskier than GQGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMXC | GQGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.77% | 2.96% | +7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 25.82% | 9.75% | +16.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.64% | 11.53% | +16.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 14.61% | +4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 15.86% | +4.64% |
EMXC vs. GQGIX - Expense Ratio Comparison
EMXC has a 0.49% expense ratio, which is lower than GQGIX's 0.98% expense ratio.
Dividends
EMXC vs. GQGIX - Dividend Comparison
EMXC's dividend yield for the trailing twelve months is around 2.08%, more than GQGIX's 1.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 2.08% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% |
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 1.96% | 2.13% | 1.70% | 2.71% | 5.67% | 3.91% | 0.24% | 1.16% | 0.81% | 0.25% |
Frequently Asked Questions
EMXC and GQGIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMXC has higher volatility (10.77%) compared to GQGIX (2.96%). In terms of maximum drawdown, EMXC dropped -42.81% vs GQGIX's -33.50%.
EMXC currently has the higher Sharpe Ratio (1.88 vs 1.42), 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.
Find the right allocation for EMXC and GQGIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer