NSI vs. EEMS
Compare and contrast key facts about National Security Emerging Markets Index ETF (NSI) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS).
NSI and EEMS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NSI is a passively managed fund by Tuttle that tracks the performance of the Alerian National Security Emerging Markets Index. It was launched on Dec 6, 2023. EEMS is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Small Cap Index. It was launched on Aug 16, 2011. Both NSI and EEMS 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
NSI vs. EEMS - Performance Comparison
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NSI vs. EEMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NSI National Security Emerging Markets Index ETF | 6.16% | 35.94% | -1.21% | 4.68% |
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 3.38% | 19.78% | 3.13% | 3.32% |
Returns By Period
In the year-to-date period, NSI achieves a 6.16% return, which is significantly higher than EEMS's 3.38% return.
NSI
- 1D
- 1.24%
- 1M
- -5.81%
- YTD
- 6.16%
- 6M
- 10.54%
- 1Y
- 38.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EEMS
- 1D
- 0.84%
- 1M
- -5.33%
- YTD
- 3.38%
- 6M
- 4.76%
- 1Y
- 27.44%
- 3Y*
- 14.64%
- 5Y*
- 6.60%
- 10Y*
- 8.19%
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NSI vs. EEMS - Expense Ratio Comparison
NSI has a 1.00% expense ratio, which is higher than EEMS's 0.73% expense ratio.
Return for Risk
NSI vs. EEMS — Risk / Return Rank
NSI
EEMS
NSI vs. EEMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Security Emerging Markets Index ETF (NSI) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS). 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.
| NSI | EEMS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 1.56 | +0.43 |
Sortino ratioReturn per unit of downside risk | 2.64 | 2.09 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.30 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.68 | +0.20 |
Martin ratioReturn relative to average drawdown | 10.99 | 9.64 | +1.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NSI | EEMS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.56 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.42 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.28 | +0.79 |
Correlation
The correlation between NSI and EEMS is 0.80, 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
NSI vs. EEMS - Dividend Comparison
NSI's dividend yield for the trailing twelve months is around 1.59%, less than EEMS's 2.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSI National Security Emerging Markets Index ETF | 1.59% | 1.69% | 3.39% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 2.99% | 3.09% | 2.60% | 2.69% | 0.89% | 3.56% | 2.14% | 2.64% | 3.06% | 2.47% | 2.51% | 2.33% |
Drawdowns
NSI vs. EEMS - Drawdown Comparison
The maximum NSI drawdown since its inception was -18.77%, smaller than the maximum EEMS drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for NSI and EEMS.
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Drawdown Indicators
| NSI | EEMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.77% | -48.89% | +30.12% |
Max Drawdown (1Y)Largest decline over 1 year | -13.66% | -10.99% | -2.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.89% | — |
Current DrawdownCurrent decline from peak | -9.28% | -7.86% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -10.60% | +6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.06% | +0.52% |
Volatility
NSI vs. EEMS - Volatility Comparison
National Security Emerging Markets Index ETF (NSI) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS) have volatilities of 8.40% and 8.24%, 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.
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Volatility by Period
| NSI | EEMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.40% | 8.24% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 12.39% | +2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 17.74% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 15.69% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 17.79% | +0.05% |