FMQQ vs. XC
Compare and contrast key facts about FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) and WisdomTree Emerging Markets ex-China Fund (XC).
FMQQ and XC 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. XC is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets ex-China Index - Benchmark TR Net. It was launched on Sep 20, 2022. Both FMQQ and XC 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. XC - Performance Comparison
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FMQQ vs. XC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | -17.94% | 10.77% | 12.45% | 15.15% | -6.45% |
XC WisdomTree Emerging Markets ex-China Fund | -2.91% | 18.19% | 5.49% | 21.31% | 1.49% |
Returns By Period
In the year-to-date period, FMQQ achieves a -17.94% return, which is significantly lower than XC's -2.91% return.
FMQQ
- 1D
- 0.70%
- 1M
- -8.52%
- YTD
- -17.94%
- 6M
- -23.47%
- 1Y
- -9.56%
- 3Y*
- 3.18%
- 5Y*
- —
- 10Y*
- —
XC
- 1D
- 0.64%
- 1M
- -5.52%
- YTD
- -2.91%
- 6M
- 0.93%
- 1Y
- 18.22%
- 3Y*
- 11.92%
- 5Y*
- —
- 10Y*
- —
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FMQQ vs. XC - Expense Ratio Comparison
FMQQ has a 0.86% expense ratio, which is higher than XC's 0.32% expense ratio.
Return for Risk
FMQQ vs. XC — Risk / Return Rank
FMQQ
XC
FMQQ vs. XC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) and WisdomTree Emerging Markets ex-China Fund (XC). 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 | XC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.46 | 1.09 | -1.55 |
Sortino ratioReturn per unit of downside risk | -0.54 | 1.62 | -2.16 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.22 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | -0.30 | 1.49 | -1.80 |
Martin ratioReturn relative to average drawdown | -0.85 | 5.41 | -6.26 |
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
| FMQQ | XC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.46 | 1.09 | -1.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | 0.77 | -1.41 |
Correlation
The correlation between FMQQ and XC is 0.73, 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
FMQQ vs. XC - Dividend Comparison
FMQQ's dividend yield for the trailing twelve months is around 0.75%, less than XC's 12.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | 0.75% | 0.61% | 0.45% | 0.11% | 0.00% |
XC WisdomTree Emerging Markets ex-China Fund | 12.34% | 11.74% | 1.49% | 1.42% | 0.57% |
Drawdowns
FMQQ vs. XC - Drawdown Comparison
The maximum FMQQ drawdown since its inception was -64.51%, which is greater than XC's maximum drawdown of -20.97%. Use the drawdown chart below to compare losses from any high point for FMQQ and XC.
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Drawdown Indicators
| FMQQ | XC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.51% | -20.97% | -43.54% |
Max Drawdown (1Y)Largest decline over 1 year | -30.82% | -12.47% | -18.35% |
Current DrawdownCurrent decline from peak | -55.64% | -8.83% | -46.81% |
Average DrawdownAverage peak-to-trough decline | -49.20% | -3.99% | -45.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.04% | 3.44% | +7.60% |
Volatility
FMQQ vs. XC - Volatility Comparison
FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) has a higher volatility of 8.99% compared to WisdomTree Emerging Markets ex-China Fund (XC) at 7.35%. This indicates that FMQQ's price experiences larger fluctuations and is considered to be riskier than XC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMQQ | XC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.99% | 7.35% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.36% | 10.78% | +3.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.00% | 16.80% | +4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.92% | 15.72% | +9.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.92% | 15.72% | +9.20% |