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EMXC vs. PFE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMXC vs. PFE

Last updated Jun 9, 2026

EMXC (iShares MSCI Emerging Markets ex China ETF) is Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index, while PFE (Pfizer Inc.) is a stock. Over the past 5 years, EMXC returned 11.46%/yr vs -3.62%/yr for PFE. At a 0.24 correlation, their price movements are largely independent.

Performance

EMXC vs. PFE - Performance Comparison

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

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Returns By Period

In the year-to-date period, EMXC achieves a 32.33% return, which is significantly higher than PFE's 6.34% return.

EMXC

1D
2.43%
1M
-1.88%
YTD
32.33%
6M
36.39%
1Y
62.72%
3Y*
25.41%
5Y*
11.46%
10Y*
—

PFE

1D
-1.61%
1M
-0.23%
YTD
6.34%
6M
2.75%
1Y
17.39%
3Y*
-7.47%
5Y*
-3.62%
10Y*
1.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EMXC vs. PFE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EMXC
iShares MSCI Emerging Markets ex China ETF		32.33%35.14%2.68%18.96%-19.56%8.54%12.76%15.80%-12.96%7.01%
PFE
Pfizer Inc.		6.34%0.65%-2.22%-41.26%-10.41%66.70%3.07%-6.91%24.82%12.22%

Correlation

The correlation between EMXC and PFE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Jul 27, 2017

0.24

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Emerging Markets ex China ETF

Pfizer Inc.

Often compared with EMXC:
EMXC vs. XCEMEMXC vs. IEMGEMXC vs. VWOEMXC vs. EEMEMXC vs. SPEMEMXC vs. VEXCEMXC vs. VNM
Often compared with PFE:
PFE vs. MRKPFE vs. JNJPFE vs. UNHPFE vs. ABBVPFE vs. MRNAPFE vs. SCHDPFE vs. SPY

Return for Risk

EMXC vs. PFE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMXC
EMXC Risk / Return Rank: 8686
Overall Rank
EMXC Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
EMXC Sortino Ratio Rank: 8282
Sortino Ratio Rank
EMXC Omega Ratio Rank: 8888
Omega Ratio Rank
EMXC Calmar Ratio Rank: 8686
Calmar Ratio Rank
EMXC Martin Ratio Rank: 8888
Martin Ratio Rank
PFE
PFE Risk / Return Rank: 6565
Overall Rank
PFE Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
PFE Sortino Ratio Rank: 6161
Sortino Ratio Rank
PFE Omega Ratio Rank: 5858
Omega Ratio Rank
PFE Calmar Ratio Rank: 7070
Calmar Ratio Rank
PFE Martin Ratio Rank: 6868
Martin Ratio Rank
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. PFE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China ETF (EMXC) and Pfizer Inc. (PFE). 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.

EMXCPFEDifference
Sharpe ratioReturn per unit of total volatility
2.71
0.73

+1.98

Sortino ratioReturn per unit of downside risk
3.27
1.25

+2.03

Omega ratioGain probability vs. loss probability

1.50

1.15

+0.35

Calmar ratioReturn relative to maximum drawdown

4.37

1.52

+2.85

Martin ratioReturn relative to average drawdown

17.27

3.11

+14.17

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMXC vs. PFE - Sharpe Ratio Comparison

The current EMXC Sharpe Ratio is 2.71, which is higher than the PFE Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of EMXC and PFE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EMXCPFEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.71

0.73

+1.98

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

-0.14

+0.79

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.08

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.33

+0.17

Drawdowns

EMXC vs. PFE - Drawdown Comparison

The maximum EMXC drawdown since its inception was -42.81%, smaller than the maximum PFE drawdown of -69.24%. Use the drawdown chart below to compare losses from any high point for EMXC and PFE.

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Drawdown Indicators

EMXCPFEDifference

Max Drawdown

Largest peak-to-trough decline

-42.81%

-69.24%

+26.43%

Max Drawdown (1Y)

Largest decline over 1 year

-14.41%

-11.47%

-2.94%

Max Drawdown (3Y)

Largest decline over 3 years

-19.12%

-40.75%

+21.63%

Max Drawdown (5Y)

Largest decline over 5 years

-28.91%

-58.96%

+30.05%

Max Drawdown (10Y)

Largest decline over 10 years

—

-58.96%

—

Current Drawdown

Current decline from peak

-7.55%

-46.90%

+39.35%

Average Drawdown

Average peak-to-trough decline

-10.19%

-22.89%

+12.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.64%

5.61%

-1.97%

Volatility

EMXC vs. PFE - Volatility Comparison

iShares MSCI Emerging Markets ex China ETF (EMXC) has a higher volatility of 12.57% compared to Pfizer Inc. (PFE) at 4.78%. This indicates that EMXC's price experiences larger fluctuations and is considered to be riskier than PFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMXCPFEDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.57%

4.78%

+7.79%

Volatility (6M)

Calculated over the trailing 6-month period

21.20%

14.74%

+6.46%

Volatility (1Y)

Calculated over the trailing 1-year period

23.27%

23.98%

-0.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.82%

25.52%

-7.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.99%

23.89%

-3.90%

Dividends

EMXC vs. PFE - Dividend Comparison

EMXC's dividend yield for the trailing twelve months is around 2.13%, less than PFE's 6.71% yield.

PositionTTM20252024202320222021202020192018201720162015
EMXC
iShares MSCI Emerging Markets ex China ETF		2.13%2.82%2.69%1.83%2.85%1.78%1.45%3.25%2.63%0.99%0.00%0.00%
PFE
Pfizer Inc.		6.71%6.91%6.33%5.70%3.12%2.64%3.92%3.68%3.12%3.53%3.69%3.47%

Frequently Asked Questions

EMXC and PFE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EMXC has higher volatility (12.57%) compared to PFE (4.78%). In terms of maximum drawdown, EMXC dropped -42.81% vs PFE's -69.24%.

EMXC currently has the higher Sharpe Ratio (2.71 vs 0.73), 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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