FMQQ vs. EMDM

Last updated Apr 1, 2026

Compare and contrast key facts about FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) and First Trust Bloomberg Emerging Market Democracies ETF (EMDM).

FMQQ and EMDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMQQ is a passively managed fund by EMQQ that tracks the performance of the FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net. It was launched on Sep 27, 2021. EMDM is a passively managed fund by First Trust that tracks the performance of the Bloomberg Emerging Market Democracies Index - Benchmark TR Net. It was launched on Mar 2, 2023. Both FMQQ and EMDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FMQQ vs. EMDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) and First Trust Bloomberg Emerging Market Democracies ETF (EMDM). The values are adjusted to include any dividend payments, if applicable.

FMQQ vs. EMDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF	-18.51%	10.77%	12.45%	7.70%
EMDM First Trust Bloomberg Emerging Market Democracies ETF	11.89%	59.68%	-4.93%	14.21%

Returns By Period

In the year-to-date period, FMQQ achieves a -18.51% return, which is significantly lower than EMDM's 11.89% return.

FMQQ

• 1D: 4.02%
• 1M: -10.17%
• YTD: -18.51%
• 6M: -24.77%
• 1Y: -10.02%
• 3Y*: 2.94%
• 5Y*: —
• 10Y*: —

EMDM

• 1D: 5.02%
• 1M: -11.39%
• YTD: 11.89%
• 6M: 27.11%
• 1Y: 68.49%
• 3Y*: 24.85%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMQQ vs. EMDM - Expense Ratio Comparison

FMQQ has a 0.86% expense ratio, which is higher than EMDM's 0.75% expense ratio.

FMQQ

FMQQ The Next Frontier Internet & Ecommerce ETF

EMDM

First Trust Bloomberg Emerging Market Democracies ETF

Return for Risk

FMQQ vs. EMDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMQQ

FMQQ Risk / Return Rank: 4
FMQQ Sharpe Ratio Rank: 4
FMQQ Sortino Ratio Rank: 4
FMQQ Omega Ratio Rank: 4
FMQQ Calmar Ratio Rank: 6
FMQQ Martin Ratio Rank: 4

EMDM

EMDM Risk / Return Rank: 97
EMDM Sharpe Ratio Rank: 97
EMDM Sortino Ratio Rank: 97
EMDM Omega Ratio Rank: 97
EMDM Calmar Ratio Rank: 96
EMDM Martin Ratio Rank: 96

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.

FMQQ vs. EMDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) and First Trust Bloomberg Emerging Market Democracies ETF (EMDM). 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.

	FMQQ	EMDM	Difference
Sharpe ratio Return per unit of total volatility	-0.48	2.93	-3.41
Sortino ratio Return per unit of downside risk	-0.57	3.54	-4.11
Omega ratio Gain probability vs. loss probability	0.93	1.54	-0.61
Calmar ratio Return relative to maximum drawdown	-0.36	4.31	-4.66
Martin ratio Return relative to average drawdown	-1.01	18.18	-19.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMQQ vs. EMDM - Sharpe Ratio Comparison

The current FMQQ Sharpe Ratio is -0.48, which is lower than the EMDM Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of FMQQ and EMDM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FMQQ	EMDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.48	2.93	-3.41
Sharpe Ratio (All Time) Calculated using the full available price history	-0.65	1.27	-1.92

Correlation

The correlation between FMQQ and EMDM is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FMQQ vs. EMDM - Dividend Comparison

FMQQ's dividend yield for the trailing twelve months is around 0.75%, less than EMDM's 3.19% yield.

	TTM	2025	2024	2023
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF	0.75%	0.61%	0.45%	0.11%
EMDM First Trust Bloomberg Emerging Market Democracies ETF	3.19%	3.57%	5.87%	2.16%

Drawdowns

FMQQ vs. EMDM - Drawdown Comparison

The maximum FMQQ drawdown since its inception was -64.51%, which is greater than EMDM's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for FMQQ and EMDM.

Drawdown Indicators

	FMQQ	EMDM	Difference
Max Drawdown Largest peak-to-trough decline	-64.51%	-18.81%	-45.70%
Max Drawdown (1Y) Largest decline over 1 year	-30.82%	-15.65%	-15.17%
Current Drawdown Current decline from peak	-55.94%	-11.42%	-44.52%
Average Drawdown Average peak-to-trough decline	-49.19%	-4.16%	-45.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.90%	3.71%	+7.19%

Volatility

FMQQ vs. EMDM - Volatility Comparison

The current volatility for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) is 9.87%, while First Trust Bloomberg Emerging Market Democracies ETF (EMDM) has a volatility of 13.46%. This indicates that FMQQ experiences smaller price fluctuations and is considered to be less risky than EMDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMQQ	EMDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.87%	13.46%	-3.59%
Volatility (6M) Calculated over the trailing 6-month period	14.38%	18.35%	-3.97%
Volatility (1Y) Calculated over the trailing 1-year period	21.02%	23.54%	-2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.93%	18.98%	+5.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.93%	18.98%	+5.95%