FNDE vs. EMCR

Last updated Apr 1, 2026

Compare and contrast key facts about Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) and Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR).

FNDE and EMCR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNDE is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Emerging Markets Large Company Index. It was launched on Aug 15, 2013. EMCR is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net. It was launched on Dec 6, 2018. Both FNDE and EMCR 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

FNDE vs. EMCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) and Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR). The values are adjusted to include any dividend payments, if applicable.

FNDE vs. EMCR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	6.10%	29.46%	12.10%	14.99%	-15.58%	14.41%	-2.77%	19.75%	-3.05%
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF	1.10%	33.25%	9.69%	10.55%	-18.73%	5.54%	13.49%	22.41%	-1.76%

Returns By Period

In the year-to-date period, FNDE achieves a 6.10% return, which is significantly higher than EMCR's 1.10% return.

FNDE

• 1D: 2.71%
• 1M: -5.06%
• YTD: 6.10%
• 6M: 9.65%
• 1Y: 29.56%
• 3Y*: 18.98%
• 5Y*: 9.51%
• 10Y*: 10.24%

EMCR

• 1D: 3.31%
• 1M: -9.79%
• YTD: 1.10%
• 6M: 3.97%
• 1Y: 30.14%
• 3Y*: 15.86%
• 5Y*: 5.80%
• 10Y*: —

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

FNDE vs. EMCR - Expense Ratio Comparison

FNDE has a 0.39% expense ratio, which is higher than EMCR's 0.15% expense ratio.

FNDE

Schwab Fundamental Emerging Markets Large Company Index ETF

EMCR

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF

Return for Risk

FNDE vs. EMCR — Risk / Return Rank

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

FNDE

FNDE Risk / Return Rank: 85
FNDE Sharpe Ratio Rank: 85
FNDE Sortino Ratio Rank: 86
FNDE Omega Ratio Rank: 87
FNDE Calmar Ratio Rank: 82
FNDE Martin Ratio Rank: 86

EMCR

EMCR Risk / Return Rank: 79
EMCR Sharpe Ratio Rank: 78
EMCR Sortino Ratio Rank: 79
EMCR Omega Ratio Rank: 78
EMCR Calmar Ratio Rank: 79
EMCR Martin Ratio Rank: 78

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.

FNDE vs. EMCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) and Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR). 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.

	FNDE	EMCR	Difference
Sharpe ratio Return per unit of total volatility	1.67	1.45	+0.22
Sortino ratio Return per unit of downside risk	2.25	2.02	+0.22
Omega ratio Gain probability vs. loss probability	1.34	1.30	+0.04
Calmar ratio Return relative to maximum drawdown	2.16	2.15	+0.01
Martin ratio Return relative to average drawdown	9.71	8.39	+1.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNDE vs. EMCR - Sharpe Ratio Comparison

The current FNDE Sharpe Ratio is 1.67, which is comparable to the EMCR Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of FNDE and EMCR, 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

	FNDE	EMCR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	1.45	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.31	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.47	-0.13

Correlation

The correlation between FNDE and EMCR is 0.87, 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

FNDE vs. EMCR - Dividend Comparison

FNDE's dividend yield for the trailing twelve months is around 3.94%, more than EMCR's 2.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	3.94%	4.19%	4.82%	4.74%	5.59%	4.32%	2.50%	3.47%	2.98%	2.05%	1.65%	2.02%
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF	2.40%	2.43%	6.62%	1.95%	3.05%	1.83%	1.75%	3.15%	0.19%	0.00%	0.00%	0.00%

Drawdowns

FNDE vs. EMCR - Drawdown Comparison

The maximum FNDE drawdown since its inception was -43.55%, which is greater than EMCR's maximum drawdown of -34.28%. Use the drawdown chart below to compare losses from any high point for FNDE and EMCR.

Drawdown Indicators

	FNDE	EMCR	Difference
Max Drawdown Largest peak-to-trough decline	-43.55%	-34.28%	-9.27%
Max Drawdown (1Y) Largest decline over 1 year	-13.72%	-13.84%	+0.12%
Max Drawdown (5Y) Largest decline over 5 years	-29.44%	-34.28%	+4.84%
Max Drawdown (10Y) Largest decline over 10 years	-39.93%	—	—
Current Drawdown Current decline from peak	-6.41%	-10.99%	+4.58%
Average Drawdown Average peak-to-trough decline	-11.84%	-9.49%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	3.55%	-0.49%

Volatility

FNDE vs. EMCR - Volatility Comparison

The current volatility for Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) is 7.66%, while Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) has a volatility of 10.62%. This indicates that FNDE experiences smaller price fluctuations and is considered to be less risky than EMCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNDE	EMCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.66%	10.62%	-2.96%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	14.85%	-2.92%
Volatility (1Y) Calculated over the trailing 1-year period	17.79%	20.88%	-3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	18.82%	-1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.41%	19.68%	-0.27%