EXAG.DE vs. EEMS
EXAG.DE (WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc) and EEMS (iShares MSCI Emerging Markets Small-Cap ETF) are both exchange-traded funds - EXAG.DE is a Commodities fund tracking the Morgan Stanley RADAR ex Agriculture & Livestock Commodity (EUR Hedged), while EEMS is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Small Cap Index. Both are passively managed. Over the past 3 years, EXAG.DE returned 18.34%/yr vs 13.93%/yr for EEMS. At a 0.21 correlation, their price movements are largely independent. EXAG.DE charges 0.60%/yr vs 0.73%/yr for EEMS.
Performance
EXAG.DE vs. EEMS - Performance Comparison
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Different Trading Currencies
EXAG.DE is traded in EUR, while EEMS is traded in USD. To make them comparable, the EEMS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EXAG.DE achieves a 23.44% return, which is significantly higher than EEMS's 16.50% return.
EXAG.DE
- 1D
- -1.00%
- 1M
- -3.06%
- YTD
- 23.44%
- 6M
- 33.80%
- 1Y
- 60.10%
- 3Y*
- 18.34%
- 5Y*
- —
- 10Y*
- —
EEMS
- 1D
- 0.35%
- 1M
- 0.61%
- YTD
- 16.50%
- 6M
- 17.51%
- 1Y
- 26.72%
- 3Y*
- 13.93%
- 5Y*
- 8.02%
- 10Y*
- 9.01%
EXAG.DE vs. EEMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EXAG.DE WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc | 23.44% | 32.86% | 1.21% | -10.04% | 12.14% | -0.14% |
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 16.50% | 5.57% | 9.94% | 19.40% | -14.11% | 3.34% |
Correlation
The correlation between EXAG.DE and EEMS is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.21 |
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Return for Risk
EXAG.DE vs. EEMS — Risk / Return Rank
EXAG.DE
EEMS
EXAG.DE vs. EEMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc (EXAG.DE) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS). 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.
| EXAG.DE | EEMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.31 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | 3.29 | +1.72 |
| Martin ratioReturn relative to average drawdown | 17.27 | 10.23 | +7.04 |
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
| EXAG.DE | EEMS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 1.69 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.41 | +0.12 |
Drawdowns
EXAG.DE vs. EEMS - Drawdown Comparison
The maximum EXAG.DE drawdown since its inception was -35.04%, smaller than the maximum EEMS drawdown of -40.76%. Use the drawdown chart below to compare losses from any high point for EXAG.DE and EEMS.
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Drawdown Indicators
| EXAG.DE | EEMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.04% | -40.76% | +5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -8.16% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -15.69% | -19.68% | +3.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.76% | — |
Current DrawdownCurrent decline from peak | -6.47% | -1.51% | -4.96% |
Average DrawdownAverage peak-to-trough decline | -21.25% | -8.40% | -12.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.62% | +0.85% |
Volatility
EXAG.DE vs. EEMS - Volatility Comparison
The current volatility for WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc (EXAG.DE) is 5.02%, while iShares MSCI Emerging Markets Small-Cap ETF (EEMS) has a volatility of 6.08%. This indicates that EXAG.DE experiences smaller price fluctuations and is considered to be less risky than EEMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXAG.DE | EEMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 6.08% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 19.08% | 13.36% | +5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.98% | 15.87% | +6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 14.52% | +6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.80% | 17.22% | +3.58% |
EXAG.DE vs. EEMS - Expense Ratio Comparison
EXAG.DE has a 0.60% expense ratio, which is lower than EEMS's 0.73% expense ratio.
Dividends
EXAG.DE vs. EEMS - Dividend Comparison
EXAG.DE has not paid dividends to shareholders, while EEMS's dividend yield for the trailing twelve months is around 2.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 2.68% | 3.09% | 2.60% | 2.69% | 0.89% | 3.56% | 2.14% | 2.64% | 3.06% | 2.47% | 2.51% | 2.33% |
EXAG.DE WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXAG.DE and EEMS have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXAG.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXAG.DE is cheaper with a 0.60% expense ratio, compared with 0.73% for EEMS.
EXAG.DE is categorized as Commodities, while EEMS is Emerging Markets Diversified. EXAG.DE tracks Morgan Stanley RADAR ex Agriculture & Livestock Commodity (EUR Hedged), while EEMS tracks MSCI Emerging Markets Small Cap Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.60% for EXAG.DE and 0.73% for EEMS.
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