JHEM vs. EMCR

Last updated Jun 5, 2026

JHEM (John Hancock Multifactor Emerging Markets ETF) and EMCR (Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF) are both Emerging Markets Equities funds - JHEM tracks the John Hancock Dimensional Emerging Markets Index while EMCR tracks the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net. Both are passively managed. Over the past 5 years, JHEM returned 7.90%/yr vs 8.83%/yr for EMCR. Their correlation of 0.92 suggests significant overlap in exposure. JHEM charges 0.49%/yr vs 0.15%/yr for EMCR.

Performance

JHEM vs. EMCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Multifactor Emerging Markets ETF (JHEM) and Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHEM achieves a 25.02% return, which is significantly higher than EMCR's 22.13% return.

JHEM

• 1D: -0.70%
• 1M: 6.18%
• YTD: 25.02%
• 6M: 28.35%
• 1Y: 49.16%
• 3Y*: 22.10%
• 5Y*: 7.90%
• 10Y*: —

EMCR

• 1D: -0.87%
• 1M: 5.56%
• YTD: 22.13%
• 6M: 24.53%
• 1Y: 47.15%
• 3Y*: 23.37%
• 5Y*: 8.83%
• 10Y*: —

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

JHEM vs. EMCR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JHEM John Hancock Multifactor Emerging Markets ETF	25.02%	30.49%	4.58%	12.94%	-17.90%	2.10%	11.50%	17.68%	-2.35%
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF	22.13%	33.25%	9.69%	10.55%	-18.73%	5.54%	13.49%	22.41%	-1.76%

Correlation

The correlation between JHEM and EMCR is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Dec 7, 2018	0.92

The correlation between JHEM and EMCR has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

JHEM vs. EMCR - Sectors Allocation Comparison

Sectors	JHEM	EMCR
Technology	26.5%	36.2%
Financial Services	21.9%	20.7%
Consumer Cyclical	11.7%	10.6%
Basic Materials	8.6%	3.9%
Industrials	8.4%	6.7%
Communication Services	7.5%	9.9%
Energy	5.3%	0.1%
Consumer Defensive	3.5%	2.8%
Healthcare	3.0%	5.6%
Utilities	2.9%	1.5%
Real Estate	0.6%	1.8%

Return for Risk

JHEM vs. EMCR — Risk / Return Rank

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

JHEM

JHEM Risk / Return Rank: 81
JHEM Sharpe Ratio Rank: 83
JHEM Sortino Ratio Rank: 79
JHEM Omega Ratio Rank: 82
JHEM Calmar Ratio Rank: 79
JHEM Martin Ratio Rank: 80

EMCR

EMCR Risk / Return Rank: 73
EMCR Sharpe Ratio Rank: 76
EMCR Sortino Ratio Rank: 71
EMCR Omega Ratio Rank: 75
EMCR Calmar Ratio Rank: 70
EMCR Martin Ratio Rank: 71

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.

JHEM vs. EMCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Emerging Markets ETF (JHEM) 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.

	JHEM	EMCR	Difference
Sharpe ratio: Return per unit of total volatility	2.64	2.42	+0.23
Sortino ratio: Return per unit of downside risk	3.48	3.17	+0.31
Omega ratio: Gain probability vs. loss probability	1.49	1.44	+0.04
Calmar ratio: Return relative to maximum drawdown	4.00	3.42	+0.58
Martin ratio: Return relative to average drawdown	15.52	13.08	+2.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHEM vs. EMCR - Sharpe Ratio Comparison

The current JHEM Sharpe Ratio is 2.64, which is comparable to the EMCR Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of JHEM and EMCR, 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

	JHEM	EMCR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	2.42	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.46	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.60	-0.15

Drawdowns

JHEM vs. EMCR - Drawdown Comparison

The maximum JHEM drawdown since its inception was -34.99%, roughly equal to the maximum EMCR drawdown of -34.28%. Use the drawdown chart below to compare losses from any high point for JHEM and EMCR.

Drawdown Indicators

	JHEM	EMCR	Difference
Max Drawdown Largest peak-to-trough decline	-34.99%	-34.28%	-0.71%
Max Drawdown (1Y) Largest decline over 1 year	-12.34%	-13.84%	+1.50%
Max Drawdown (3Y) Largest decline over 3 years	-18.16%	-18.38%	+0.22%
Max Drawdown (5Y) Largest decline over 5 years	-32.11%	-34.28%	+2.17%
Current Drawdown Current decline from peak	-1.93%	-2.21%	+0.28%
Average Drawdown Average peak-to-trough decline	-9.94%	-9.33%	-0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	3.61%	-0.43%

Volatility

JHEM vs. EMCR - Volatility Comparison

John Hancock Multifactor Emerging Markets ETF (JHEM) and Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) have volatilities of 7.95% and 8.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHEM	EMCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.95%	8.00%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	16.27%	16.94%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	18.71%	19.62%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.61%	19.29%	-1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.60%	19.86%	+0.74%

JHEM vs. EMCR - Expense Ratio Comparison

JHEM has a 0.49% expense ratio, which is higher than EMCR's 0.15% expense ratio.

Dividends

JHEM vs. EMCR - Dividend Comparison

JHEM's dividend yield for the trailing twelve months is around 1.91%, less than EMCR's 1.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF	1.99%	2.43%	6.62%	1.95%	3.05%	1.83%	1.75%	3.15%	0.19%
JHEM John Hancock Multifactor Emerging Markets ETF	1.91%	2.39%	2.93%	2.87%	2.84%	2.71%	1.67%	2.37%	0.21%

Frequently Asked Questions

Can I hold both JHEM and EMCR in my portfolio?

With a correlation of 0.95, JHEM and EMCR 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, JHEM or EMCR?

EMCR has higher volatility (8.00%) compared to JHEM (7.95%). In terms of maximum drawdown, JHEM dropped -34.99% vs EMCR's -34.28%.

Which ETF is better, JHEM or EMCR?

On 5-year performance, EMCR leads with 8.83% vs 7.90% for JHEM. On fees, EMCR is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHEM or EMCR?

Over the 5-year period, EMCR has performed better with a 8.83% return vs 7.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHEM or EMCR?

EMCR is cheaper with a 0.15% expense ratio, compared with 0.49% for JHEM.

Which ETF pays a higher dividend yield, JHEM or EMCR?

EMCR has the higher dividend yield at 1.99%, compared with 1.91% for JHEM.

What is the main difference between JHEM and EMCR?

JHEM tracks John Hancock Dimensional Emerging Markets Index, while EMCR tracks Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net. They also come from different issuers: Manulife and Deutsche Bank. Their fees differ too: 0.49% for JHEM and 0.15% for EMCR.

Which has better risk-adjusted returns?

JHEM currently has the higher Sharpe Ratio (2.64 vs 2.42), 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.