JADE vs. EMDM

Last updated Jun 4, 2026

JADE (JPMorgan Active Developing Markets Equity ETF) and EMDM (First Trust Bloomberg Emerging Market Democracies ETF) are both Emerging Markets Diversified funds. JADE is actively managed, while EMDM is passively managed. Over the past year, JADE returned 59.71% vs 91.32% for EMDM. Their correlation of 0.90 suggests significant overlap in exposure. JADE charges 0.65%/yr vs 0.75%/yr for EMDM.

Performance

JADE vs. EMDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Developing Markets Equity ETF (JADE) and First Trust Bloomberg Emerging Market Democracies ETF (EMDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JADE achieves a 28.34% return, which is significantly lower than EMDM's 39.03% return.

JADE

• 1D: -1.18%
• 1M: 8.60%
• YTD: 28.34%
• 6M: 31.12%
• 1Y: 59.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMDM

• 1D: -1.32%
• 1M: 11.04%
• YTD: 39.03%
• 6M: 45.21%
• 1Y: 91.32%
• 3Y*: 32.95%
• 5Y*: —
• 10Y*: —

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

JADE vs. EMDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JADE JPMorgan Active Developing Markets Equity ETF	28.34%	38.50%	-2.30%
EMDM First Trust Bloomberg Emerging Market Democracies ETF	39.03%	59.68%	-8.38%

Correlation

The correlation between JADE and EMDM is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since May 20, 2024	0.90

The correlation between JADE and EMDM has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

JADE vs. EMDM - Sectors Allocation Comparison

Sectors	JADE	EMDM
Technology	37.1%	32.1%
Financial Services	22.3%	27.2%
Consumer Cyclical	11.4%	6.0%
Industrials	7.8%	3.3%
Communication Services	7.2%	4.3%
Energy	4.7%	6.3%
Basic Materials	3.6%	15.1%
Consumer Defensive	2.3%	3.4%
Utilities	2.1%	1.9%
Real Estate	0.9%	-
Healthcare	0.6%	0.5%

Return for Risk

JADE vs. EMDM — Risk / Return Rank

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

JADE

JADE Risk / Return Rank: 88
JADE Sharpe Ratio Rank: 90
JADE Sortino Ratio Rank: 87
JADE Omega Ratio Rank: 89
JADE Calmar Ratio Rank: 85
JADE Martin Ratio Rank: 88

EMDM

EMDM Risk / Return Rank: 93
EMDM Sharpe Ratio Rank: 95
EMDM Sortino Ratio Rank: 92
EMDM Omega Ratio Rank: 93
EMDM Calmar Ratio Rank: 91
EMDM Martin Ratio Rank: 93

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.

JADE vs. EMDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Developing Markets Equity ETF (JADE) 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.

	JADE	EMDM	Difference
Sharpe ratio: Return per unit of total volatility	3.12	3.92	-0.80
Sortino ratio: Return per unit of downside risk	3.95	4.56	-0.61
Omega ratio: Gain probability vs. loss probability	1.57	1.66	-0.09
Calmar ratio: Return relative to maximum drawdown	4.69	5.87	-1.18
Martin ratio: Return relative to average drawdown	19.53	24.30	-4.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JADE vs. EMDM - Sharpe Ratio Comparison

The current JADE Sharpe Ratio is 3.12, which is comparable to the EMDM Sharpe Ratio of 3.92. The chart below compares the historical Sharpe Ratios of JADE and EMDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JADE	EMDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	3.92	-0.80
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	1.58	+0.03

Drawdowns

JADE vs. EMDM - Drawdown Comparison

The maximum JADE drawdown since its inception was -16.71%, smaller than the maximum EMDM drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for JADE and EMDM.

Drawdown Indicators

	JADE	EMDM	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-18.81%	+2.10%
Max Drawdown (1Y) Largest decline over 1 year	-12.80%	-15.65%	+2.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.81%	—
Current Drawdown Current decline from peak	-1.18%	-1.32%	+0.14%
Average Drawdown Average peak-to-trough decline	-3.22%	-4.07%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	3.77%	-0.70%

Volatility

JADE vs. EMDM - Volatility Comparison

The current volatility for JPMorgan Active Developing Markets Equity ETF (JADE) is 8.13%, while First Trust Bloomberg Emerging Market Democracies ETF (EMDM) has a volatility of 9.61%. This indicates that JADE 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

	JADE	EMDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	9.61%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	16.48%	20.78%	-4.30%
Volatility (1Y) Calculated over the trailing 1-year period	19.25%	23.42%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.39%	19.79%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	19.79%	-0.40%

JADE vs. EMDM - Expense Ratio Comparison

JADE has a 0.65% expense ratio, which is lower than EMDM's 0.75% expense ratio.

Dividends

JADE vs. EMDM - Dividend Comparison

JADE's dividend yield for the trailing twelve months is around 1.78%, less than EMDM's 2.57% yield.

Position	TTM	2025	2024	2023
EMDM First Trust Bloomberg Emerging Market Democracies ETF	2.57%	3.57%	5.87%	2.16%
JADE JPMorgan Active Developing Markets Equity ETF	1.78%	2.29%	1.49%	0.00%

Frequently Asked Questions

Can I hold both JADE and EMDM in my portfolio?

With a correlation of 0.91, JADE and EMDM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JADE or EMDM?

EMDM has higher volatility (9.61%) compared to JADE (8.13%). In terms of maximum drawdown, JADE dropped -16.71% vs EMDM's -18.81%.

Which ETF is better, JADE or EMDM?

On 1-year performance, EMDM leads with 91.32% vs 59.71% for JADE. On fees, JADE is cheaper at 0.65% per year. On volatility, JADE has been the lower-risk option at 8.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JADE or EMDM?

Over the 1-year period, EMDM has performed better with a 91.32% return vs 59.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JADE or EMDM?

JADE is cheaper with a 0.65% expense ratio, compared with 0.75% for EMDM.

Which ETF pays a higher dividend yield, JADE or EMDM?

EMDM has the higher dividend yield at 2.57%, compared with 1.78% for JADE.

What is the main difference between JADE and EMDM?

They also come from different issuers: JPMorgan and First Trust. Their fees differ too: 0.65% for JADE and 0.75% for EMDM.

Which has better risk-adjusted returns?

EMDM currently has the higher Sharpe Ratio (3.92 vs 3.12), 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.