KEMQ vs. FRDM

Last updated Jun 4, 2026

KEMQ (KraneShares Emerging Markets Consumer Technology Index ETF) and FRDM (Freedom 100 Emerging Markets ETF) are both exchange-traded funds - KEMQ is a Emerging Markets Equities fund tracking the Solactive Emerging Markets Consumer Technology Index, while FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. Both are passively managed. Over the past 5 years, KEMQ returned -2.87%/yr vs 19.30%/yr for FRDM. A 0.70 correlation means they provide meaningful diversification when combined. KEMQ charges 0.60%/yr vs 0.49%/yr for FRDM.

Performance

KEMQ vs. FRDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) and Freedom 100 Emerging Markets ETF (FRDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KEMQ achieves a 6.99% return, which is significantly lower than FRDM's 44.61% return.

KEMQ

• 1D: -2.81%
• 1M: 7.12%
• YTD: 6.99%
• 6M: 8.35%
• 1Y: 36.95%
• 3Y*: 24.42%
• 5Y*: -2.87%
• 10Y*: —

FRDM

• 1D: -1.30%
• 1M: 17.06%
• YTD: 44.61%
• 6M: 53.16%
• 1Y: 97.46%
• 3Y*: 37.08%
• 5Y*: 19.30%
• 10Y*: —

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

KEMQ vs. FRDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF	6.99%	56.28%	13.81%	0.77%	-38.09%	-27.31%	39.26%	17.11%
FRDM Freedom 100 Emerging Markets ETF	44.61%	61.27%	1.70%	22.77%	-14.45%	6.13%	16.90%	12.33%

Correlation

The correlation between KEMQ and FRDM is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since May 24, 2019	0.70

The correlation between KEMQ and FRDM has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

KEMQ vs. FRDM - Sectors Allocation Comparison

Sectors	KEMQ	FRDM
Technology	45.0%	41.1%
Consumer Cyclical	33.0%	7.8%
Communication Services	15.5%	3.9%
Healthcare	3.5%	1.8%
Consumer Defensive	0.4%	2.2%
Basic Materials	-	7.4%
Energy	-	0.1%
Financial Services	-	22.1%
Industrials	-	8.6%
Real Estate	-	2.5%
Utilities	-	2.6%

Return for Risk

KEMQ vs. FRDM — Risk / Return Rank

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

KEMQ

KEMQ Risk / Return Rank: 36
KEMQ Sharpe Ratio Rank: 40
KEMQ Sortino Ratio Rank: 38
KEMQ Omega Ratio Rank: 38
KEMQ Calmar Ratio Rank: 34
KEMQ Martin Ratio Rank: 31

FRDM

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

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.

KEMQ vs. FRDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) and Freedom 100 Emerging Markets ETF (FRDM). 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.

	KEMQ	FRDM	Difference
Sharpe ratio: Return per unit of total volatility	1.42	4.00	-2.58
Sortino ratio: Return per unit of downside risk	2.00	4.65	-2.65
Omega ratio: Gain probability vs. loss probability	1.25	1.67	-0.42
Calmar ratio: Return relative to maximum drawdown	1.69	5.81	-4.12
Martin ratio: Return relative to average drawdown	4.52	23.37	-18.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KEMQ vs. FRDM - Sharpe Ratio Comparison

The current KEMQ Sharpe Ratio is 1.42, which is lower than the FRDM Sharpe Ratio of 4.00. The chart below compares the historical Sharpe Ratios of KEMQ and FRDM, 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

	KEMQ	FRDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	4.00	-2.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.93	-1.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.85	-0.79

Drawdowns

KEMQ vs. FRDM - Drawdown Comparison

The maximum KEMQ drawdown since its inception was -70.72%, which is greater than FRDM's maximum drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for KEMQ and FRDM.

Drawdown Indicators

	KEMQ	FRDM	Difference
Max Drawdown Largest peak-to-trough decline	-70.72%	-40.49%	-30.23%
Max Drawdown (1Y) Largest decline over 1 year	-21.94%	-16.87%	-5.07%
Max Drawdown (3Y) Largest decline over 3 years	-21.94%	-16.87%	-5.07%
Max Drawdown (5Y) Largest decline over 5 years	-66.02%	-29.25%	-36.77%
Current Drawdown Current decline from peak	-28.14%	-1.30%	-26.84%
Average Drawdown Average peak-to-trough decline	-35.69%	-7.09%	-28.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.20%	4.18%	+4.02%

Volatility

KEMQ vs. FRDM - Volatility Comparison

The current volatility for KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) is 10.09%, while Freedom 100 Emerging Markets ETF (FRDM) has a volatility of 11.03%. This indicates that KEMQ experiences smaller price fluctuations and is considered to be less risky than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KEMQ	FRDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.09%	11.03%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	20.87%	21.65%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	26.14%	24.50%	+1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.88%	20.80%	+11.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.58%	22.77%	+6.81%

KEMQ vs. FRDM - Expense Ratio Comparison

KEMQ has a 0.60% expense ratio, which is higher than FRDM's 0.49% expense ratio.

Dividends

KEMQ vs. FRDM - Dividend Comparison

KEMQ's dividend yield for the trailing twelve months is around 4.92%, more than FRDM's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FRDM Freedom 100 Emerging Markets ETF	1.51%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF	4.92%	5.27%	0.73%	0.29%	0.00%	0.28%	2.28%	1.76%

Frequently Asked Questions

Can I hold both KEMQ and FRDM in my portfolio?

KEMQ and FRDM have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KEMQ or FRDM?

FRDM has higher volatility (11.03%) compared to KEMQ (10.09%). In terms of maximum drawdown, KEMQ dropped -70.72% vs FRDM's -40.49%.

Which ETF is better, KEMQ or FRDM?

On 5-year performance, FRDM leads with 19.30% vs -2.87% for KEMQ. On fees, FRDM is cheaper at 0.49% per year. On volatility, KEMQ has been the lower-risk option at 10.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KEMQ or FRDM?

Over the 5-year period, FRDM has performed better with a 19.30% return vs -2.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KEMQ or FRDM?

FRDM is cheaper with a 0.49% expense ratio, compared with 0.60% for KEMQ.

Which ETF pays a higher dividend yield, KEMQ or FRDM?

KEMQ has the higher dividend yield at 4.92%, compared with 1.51% for FRDM.

What is the main difference between KEMQ and FRDM?

KEMQ is categorized as Emerging Markets Equities, while FRDM is Emerging Markets Diversified. KEMQ tracks Solactive Emerging Markets Consumer Technology Index, while FRDM tracks Life + Liberty Freedom 100 Emerging Markets Index. They also come from different issuers: CICC and Freedom Funds. Their fees differ too: 0.60% for KEMQ and 0.49% for FRDM.

Which has better risk-adjusted returns?

FRDM currently has the higher Sharpe Ratio (4.00 vs 1.42), 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.