FMQQ vs. EMQQ
FMQQ (FMQQ The Next Frontier Internet & Ecommerce ETF) and EMQQ (EMQQ The Emerging Markets Internet ETF) are both exchange-traded funds - FMQQ is a Emerging Markets Diversified fund tracking the FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net, while EMQQ is a Emerging Markets Equities fund tracking the EMQQ The Emerging Markets Internet Index. Both are passively managed. Over the past 3 years, FMQQ returned 3.23%/yr vs 3.48%/yr for EMQQ. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.86% expense ratio.
Performance
FMQQ vs. EMQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FMQQ achieves a -11.66% return, which is significantly higher than EMQQ's -18.29% return.
FMQQ
- 1D
- -0.93%
- 1M
- 8.36%
- 6M
- -11.51%
- YTD
- -11.66%
- 1Y
- -16.17%
- 3Y*
- 3.23%
- 5Y*
- —
- 10Y*
- —
EMQQ
- 1D
- -0.84%
- 1M
- 4.03%
- 6M
- -21.34%
- YTD
- -18.29%
- 1Y
- -16.07%
- 3Y*
- 3.48%
- 5Y*
- -10.07%
- 10Y*
- 4.43%
FMQQ vs. EMQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | -11.66% | 10.77% | 12.45% | 15.15% | -54.03% | -16.57% |
EMQQ EMQQ The Emerging Markets Internet ETF | -18.29% | 20.66% | 13.79% | 4.48% | -30.70% | -15.75% |
Correlation
The correlation between FMQQ and EMQQ is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.74 |
The correlation between FMQQ and EMQQ has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FMQQ vs. EMQQ — Risk / Return Rank
FMQQ
EMQQ
FMQQ vs. EMQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) and EMQQ The Emerging Markets Internet ETF (EMQQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMQQ | EMQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.89 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.48 | -0.05 |
| Martin ratioReturn relative to average drawdown | -0.94 | -0.90 | -0.04 |
Loading charts...
Drawdowns
FMQQ vs. EMQQ - Drawdown Comparison
The maximum FMQQ drawdown since its inception was -64.51%, smaller than the maximum EMQQ drawdown of -73.24%. Use the drawdown chart below to compare losses from any high point for FMQQ and EMQQ.
Loading charts...
Drawdown Indicators
| FMQQ | EMQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.51% | -73.24% | +8.73% |
Max Drawdown (1Y)Largest decline over 1 year | -30.82% | -33.70% | +2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -30.82% | -33.70% | +2.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.24% | — |
Current DrawdownCurrent decline from peak | -52.24% | -56.96% | +4.72% |
Average DrawdownAverage peak-to-trough decline | -49.45% | -31.59% | -17.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.17% | 17.90% | -0.73% |
Volatility
FMQQ vs. EMQQ - Volatility Comparison
The current volatility for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) is 4.92%, while EMQQ The Emerging Markets Internet ETF (EMQQ) has a volatility of 5.50%. This indicates that FMQQ experiences smaller price fluctuations and is considered to be less risky than EMQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FMQQ | EMQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 5.50% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 16.29% | 16.94% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 20.97% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.72% | 33.06% | -8.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.72% | 30.57% | -5.85% |
FMQQ vs. EMQQ - Expense Ratio Comparison
Both FMQQ and EMQQ have an expense ratio of 0.86%.
Dividends
FMQQ vs. EMQQ - Dividend Comparison
FMQQ's dividend yield for the trailing twelve months is around 0.69%, less than EMQQ's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMQQ EMQQ The Emerging Markets Internet ETF | 3.78% | 3.09% | 1.70% | 0.79% | 0.00% | 0.00% | 0.18% | 1.29% | 0.00% | 0.94% | 0.75% | 0.08% |
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | 0.69% | 0.61% | 0.45% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FMQQ and EMQQ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMQQ has higher volatility (5.50%) compared to FMQQ (4.92%). In terms of maximum drawdown, FMQQ dropped -64.51% vs EMQQ's -73.24%.
On 3-year performance, EMQQ leads with 3.48% vs 3.23% for FMQQ. Both ETFs have the same 0.86% expense ratio. On volatility, FMQQ has been the lower-risk option at 4.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMQQ has performed better with a 3.48% return vs 3.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FMQQ and EMQQ have the same expense ratio: 0.86% per year.
EMQQ has the higher dividend yield at 3.78%, compared with 0.69% for FMQQ.
FMQQ is categorized as Emerging Markets Diversified, while EMQQ is Emerging Markets Equities. FMQQ tracks FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net, while EMQQ tracks EMQQ The Emerging Markets Internet Index. They also come from different issuers: EMQQ and Exchange Traded Concepts.
EMQQ currently has the higher Sharpe Ratio (-0.77 vs -0.84), 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.
Find the right allocation for FMQQ and EMQQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer