EWY vs. EMMF
Compare and contrast key facts about iShares MSCI South Korea ETF (EWY) and WisdomTree Emerging Markets Multifactor Fund (EMMF).
EWY and EMMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWY is a passively managed fund by iShares that tracks the performance of the MSCI Korea Index. It was launched on May 12, 2000. EMMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018.
Performance
EWY vs. EMMF - Performance Comparison
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EWY vs. EMMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 26.53% | 95.33% | -20.48% | 19.05% | -26.59% | -7.58% | 39.43% | 7.97% | -7.79% |
EMMF WisdomTree Emerging Markets Multifactor Fund | 5.23% | 21.22% | 9.45% | 20.59% | -13.47% | 5.97% | 9.25% | 2.30% | -6.64% |
Returns By Period
In the year-to-date period, EWY achieves a 26.53% return, which is significantly higher than EMMF's 5.23% return.
EWY
- 1D
- 5.65%
- 1M
- -18.74%
- YTD
- 26.53%
- 6M
- 57.02%
- 1Y
- 132.74%
- 3Y*
- 29.24%
- 5Y*
- 8.53%
- 10Y*
- 11.06%
EMMF
- 1D
- 3.29%
- 1M
- -7.68%
- YTD
- 5.23%
- 6M
- 9.36%
- 1Y
- 27.88%
- 3Y*
- 17.64%
- 5Y*
- 7.45%
- 10Y*
- —
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EWY vs. EMMF - Expense Ratio Comparison
EWY has a 0.59% expense ratio, which is higher than EMMF's 0.48% expense ratio.
Return for Risk
EWY vs. EMMF — Risk / Return Rank
EWY
EMMF
EWY vs. EMMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Korea ETF (EWY) and WisdomTree Emerging Markets Multifactor Fund (EMMF). 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.
| EWY | EMMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.68 | 1.66 | +2.02 |
Sortino ratioReturn per unit of downside risk | 3.87 | 2.25 | +1.62 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.34 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 5.61 | 2.58 | +3.03 |
Martin ratioReturn relative to average drawdown | 22.88 | 10.52 | +12.36 |
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
| EWY | EMMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.68 | 1.66 | +2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.53 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.39 | -0.13 |
Correlation
The correlation between EWY and EMMF is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EWY vs. EMMF - Dividend Comparison
EWY's dividend yield for the trailing twelve months is around 1.66%, less than EMMF's 2.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 1.66% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
EMMF WisdomTree Emerging Markets Multifactor Fund | 2.25% | 2.45% | 1.30% | 1.62% | 3.48% | 2.64% | 1.93% | 2.93% | 0.66% | 0.00% | 0.00% | 0.00% |
Drawdowns
EWY vs. EMMF - Drawdown Comparison
The maximum EWY drawdown since its inception was -74.14%, which is greater than EMMF's maximum drawdown of -32.57%. Use the drawdown chart below to compare losses from any high point for EWY and EMMF.
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Drawdown Indicators
| EWY | EMMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.14% | -32.57% | -41.57% |
Max Drawdown (1Y)Largest decline over 1 year | -23.08% | -10.62% | -12.46% |
Max Drawdown (5Y)Largest decline over 5 years | -48.55% | -25.20% | -23.35% |
Max Drawdown (10Y)Largest decline over 10 years | -49.73% | — | — |
Current DrawdownCurrent decline from peak | -18.74% | -7.68% | -11.06% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -7.58% | -12.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 2.61% | +3.05% |
Volatility
EWY vs. EMMF - Volatility Comparison
iShares MSCI South Korea ETF (EWY) has a higher volatility of 22.66% compared to WisdomTree Emerging Markets Multifactor Fund (EMMF) at 9.11%. This indicates that EWY's price experiences larger fluctuations and is considered to be riskier than EMMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWY | EMMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.66% | 9.11% | +13.55% |
Volatility (6M)Calculated over the trailing 6-month period | 31.11% | 12.48% | +18.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.32% | 16.91% | +19.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.61% | 14.01% | +12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.19% | 16.45% | +9.74% |