MSFT vs. EMXC
MSFT (Microsoft Corporation) is a stock, while EMXC (iShares MSCI Emerging Markets ex China ETF) is Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index. Over the past 5 years, MSFT returned 8.30%/yr vs 11.14%/yr for EMXC. At a 0.43 correlation, their price movements are largely independent.
Performance
MSFT vs. EMXC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSFT achieves a -16.45% return, which is significantly lower than EMXC's 26.88% return.
MSFT
- 1D
- 2.15%
- 1M
- 6.03%
- 6M
- -12.13%
- YTD
- -16.45%
- 1Y
- -20.50%
- 3Y*
- 6.20%
- 5Y*
- 8.30%
- 10Y*
- 23.18%
- ALL TIME*
- 24.73%
EMXC
- 1D
- -0.12%
- 1M
- -13.31%
- 6M
- 19.25%
- YTD
- 26.88%
- 1Y
- 47.52%
- 3Y*
- 22.87%
- 5Y*
- 11.14%
- 10Y*
- —
- ALL TIME*
- 9.32%
MSFT vs. EMXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | -16.45% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 16.49% |
EMXC iShares MSCI Emerging Markets ex China ETF | 26.88% | 35.14% | 2.68% | 18.96% | -19.56% | 8.54% | 12.76% | 15.80% | -12.96% | 7.16% |
Correlation
The correlation between MSFT and EMXC is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017 | 0.43 |
Over the past year, the correlation between MSFT and EMXC has dropped to 0.15 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSFT vs. EMXC — Risk / Return Rank
MSFT
EMXC
MSFT vs. EMXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSFT | EMXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.22 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.34 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 3.31 | -3.91 |
| Martin ratioReturn relative to average drawdown | -1.10 | 10.67 | -11.76 |
Loading charts...
Drawdowns
MSFT vs. EMXC - Drawdown Comparison
The maximum MSFT drawdown since its inception was -69.38%, which is greater than EMXC's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for MSFT and EMXC.
Loading charts...
Drawdown Indicators
| MSFT | EMXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -42.81% | -26.57% |
Max Drawdown (1Y)Largest decline over 1 year | -34.50% | -14.41% | -20.09% |
Max Drawdown (3Y)Largest decline over 3 years | -34.50% | -19.12% | -15.38% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | -28.91% | -8.24% |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | — | — |
Current DrawdownCurrent decline from peak | -25.32% | -13.92% | -11.40% |
Average DrawdownAverage peak-to-trough decline | -21.80% | -10.14% | -11.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.74% | 4.47% | +14.27% |
Volatility
MSFT vs. EMXC - Volatility Comparison
The current volatility for Microsoft Corporation (MSFT) is 10.25%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 11.80%. This indicates that MSFT experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSFT | EMXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.25% | 11.80% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 24.51% | 24.94% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.52% | 26.64% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.07% | 18.75% | +8.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.15% | 20.38% | +6.77% |
Dividends
MSFT vs. EMXC - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.88%, less than EMXC's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 2.10% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% | 0.00% | 0.00% |
MSFT Microsoft Corporation | 0.88% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
MSFT and EMXC have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMXC has higher volatility (11.80%) compared to MSFT (10.25%). In terms of maximum drawdown, MSFT dropped -69.38% vs EMXC's -42.81%.
EMXC currently has the higher Sharpe Ratio (1.80 vs -0.75), 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.
Find the right allocation for MSFT and EMXC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer