FCO2.DE vs. EMQQ.DE
FCO2.DE (HANetf SparkChange Physical Carbon EUA ETC) and EMQQ.DE (HANetf EMQQ Emerging Markets Internet & Ecommerce UCITS ETF) are both exchange-traded funds - FCO2.DE is a Commodities fund tracking the EU Carbon Emission Allowances (EUA), while EMQQ.DE is a Technology Equities fund tracking the EMQQ Emerging Markets Internet & Ecommerce. Both are passively managed. Over the past 3 years, FCO2.DE returned -3.01%/yr vs 2.44%/yr for EMQQ.DE. At a 0.07 correlation, their price movements are largely independent. FCO2.DE charges 0.89%/yr vs 0.86%/yr for EMQQ.DE.
Performance
FCO2.DE vs. EMQQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FCO2.DE achieves a -10.46% return, which is significantly higher than EMQQ.DE's -18.13% return.
FCO2.DE
- 1D
- -2.02%
- 1M
- 2.15%
- YTD
- -10.46%
- 6M
- -8.03%
- 1Y
- 4.93%
- 3Y*
- -3.01%
- 5Y*
- —
- 10Y*
- —
EMQQ.DE
- 1D
- 0.12%
- 1M
- -4.80%
- YTD
- -18.13%
- 6M
- -20.69%
- 1Y
- -18.98%
- 3Y*
- 2.44%
- 5Y*
- -10.68%
- 10Y*
- —
FCO2.DE vs. EMQQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FCO2.DE HANetf SparkChange Physical Carbon EUA ETC | -10.46% | 20.70% | -11.00% | -5.14% | -0.32% |
EMQQ.DE HANetf EMQQ Emerging Markets Internet & Ecommerce UCITS ETF | -18.13% | 5.41% | 20.08% | 1.14% | -8.28% |
Correlation
The correlation between FCO2.DE and EMQQ.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022 | 0.07 |
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Return for Risk
FCO2.DE vs. EMQQ.DE — Risk / Return Rank
FCO2.DE
EMQQ.DE
FCO2.DE vs. EMQQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) and HANetf EMQQ Emerging Markets Internet & Ecommerce UCITS ETF (EMQQ.DE). 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.
| FCO2.DE | EMQQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.86 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | -0.63 | +0.79 |
| Martin ratioReturn relative to average drawdown | 0.41 | -1.21 | +1.61 |
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
| FCO2.DE | EMQQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | -0.94 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.08 | -0.15 |
Drawdowns
FCO2.DE vs. EMQQ.DE - Drawdown Comparison
The maximum FCO2.DE drawdown since its inception was -48.49%, smaller than the maximum EMQQ.DE drawdown of -67.94%. Use the drawdown chart below to compare losses from any high point for FCO2.DE and EMQQ.DE.
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Drawdown Indicators
| FCO2.DE | EMQQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.49% | -67.94% | +19.45% |
Max Drawdown (1Y)Largest decline over 1 year | -31.46% | -28.95% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -45.60% | -28.95% | -16.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.73% | — |
Current DrawdownCurrent decline from peak | -24.40% | -56.76% | +32.36% |
Average DrawdownAverage peak-to-trough decline | -23.38% | -35.78% | +12.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.41% | 15.16% | -2.75% |
Volatility
FCO2.DE vs. EMQQ.DE - Volatility Comparison
The current volatility for HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) is 5.99%, while HANetf EMQQ Emerging Markets Internet & Ecommerce UCITS ETF (EMQQ.DE) has a volatility of 6.84%. This indicates that FCO2.DE experiences smaller price fluctuations and is considered to be less risky than EMQQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCO2.DE | EMQQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 6.84% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 22.94% | 15.08% | +7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 19.59% | +7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.04% | 30.98% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.04% | 30.78% | +3.26% |
FCO2.DE vs. EMQQ.DE - Expense Ratio Comparison
FCO2.DE has a 0.89% expense ratio, which is higher than EMQQ.DE's 0.86% expense ratio.
Dividends
FCO2.DE vs. EMQQ.DE - Dividend Comparison
Neither FCO2.DE nor EMQQ.DE has paid dividends to shareholders.
Frequently Asked Questions
FCO2.DE and EMQQ.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMQQ.DE is cheaper at 0.86% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMQQ.DE is cheaper with a 0.86% expense ratio, compared with 0.89% for FCO2.DE.
FCO2.DE is categorized as Commodities, while EMQQ.DE is Technology Equities. FCO2.DE tracks EU Carbon Emission Allowances (EUA), while EMQQ.DE tracks EMQQ Emerging Markets Internet & Ecommerce. Their fees differ too: 0.89% for FCO2.DE and 0.86% for EMQQ.DE.
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