NTSE vs. IEMG
NTSE (WisdomTree Emerging Markets Efficient Core Fund) and IEMG (iShares Core MSCI Emerging Markets ETF) are both exchange-traded funds - NTSE is a Diversified Portfolio fund actively managed by WisdomTree, while IEMG is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). NTSE is actively managed, while IEMG is passively managed. Over the past 5 years, NTSE returned 5.52%/yr vs 7.26%/yr for IEMG. Their 0.96 correlation means they have historically moved very closely together. NTSE charges 0.38%/yr vs 0.09%/yr for IEMG.
Performance
NTSE vs. IEMG - Performance Comparison
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Returns By Period
In the year-to-date period, NTSE achieves a 18.97% return, which is significantly higher than IEMG's 16.38% return.
NTSE
- 1D
- 0.55%
- 1M
- -3.59%
- 6M
- 9.15%
- YTD
- 18.97%
- 1Y
- 38.15%
- 3Y*
- 19.12%
- 5Y*
- 5.52%
- 10Y*
- —
- ALL TIME*
- 5.00%
IEMG
- 1D
- 0.73%
- 1M
- -2.79%
- 6M
- 7.82%
- YTD
- 16.38%
- 1Y
- 32.88%
- 3Y*
- 18.00%
- 5Y*
- 7.26%
- 10Y*
- 8.84%
- ALL TIME*
- 6.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $833.06M | $972.69M | $1.09B | |
| $109.22K | $173.02K | $189.56K |
NTSE vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NTSE WisdomTree Emerging Markets Efficient Core Fund | 18.97% | 36.29% | 4.42% | 9.47% | -26.31% | -5.67% |
IEMG iShares Core MSCI Emerging Markets ETF | 16.38% | 32.56% | 6.50% | 11.52% | -19.98% | -4.87% |
Correlation
The correlation between NTSE and IEMG is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.96 |
The correlation between NTSE and IEMG has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
NTSE vs. IEMG — Risk / Return Rank
NTSE
IEMG
NTSE vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Efficient Core Fund (NTSE) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.
| NTSE | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.33 | +0.24 |
| Martin ratioReturn relative to average drawdown | 7.95 | 7.16 | +0.79 |
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Drawdowns
NTSE vs. IEMG - Drawdown Comparison
The maximum NTSE drawdown since its inception was -42.84%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for NTSE and IEMG.
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Drawdown Indicators
| NTSE | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.84% | -38.71% | -4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -14.83% | -13.78% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -17.21% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -41.15% | -33.61% | -7.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.71% | — |
Current DrawdownCurrent decline from peak | -11.04% | -9.76% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -12.89% | -6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 4.47% | +0.32% |
Volatility
NTSE vs. IEMG - Volatility Comparison
WisdomTree Emerging Markets Efficient Core Fund (NTSE) and iShares Core MSCI Emerging Markets ETF (IEMG) have volatilities of 8.99% and 8.73%, 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
| NTSE | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.99% | 8.73% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 22.97% | 21.74% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.10% | 23.71% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.22% | 19.27% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.03% | 20.32% | -0.29% |
NTSE vs. IEMG - Expense Ratio Comparison
NTSE has a 0.38% expense ratio, which is higher than IEMG's 0.09% expense ratio.
Dividends
NTSE vs. IEMG - Dividend Comparison
NTSE's dividend yield for the trailing twelve months is around 2.76%, more than IEMG's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 2.32% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
NTSE WisdomTree Emerging Markets Efficient Core Fund | 2.76% | 3.35% | 3.23% | 2.44% | 3.22% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, NTSE and IEMG 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.
NTSE has higher volatility (8.99%) compared to IEMG (8.73%). In terms of maximum drawdown, NTSE dropped -42.84% vs IEMG's -38.71%.
On 5-year performance, IEMG leads with 7.26% vs 5.52% for NTSE. On fees, IEMG is cheaper at 0.09% per year. On volatility, IEMG has been the lower-risk option at 8.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IEMG has performed better with a 7.26% return vs 5.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEMG is cheaper with a 0.09% expense ratio, compared with 0.38% for NTSE.
NTSE has the higher dividend yield at 2.76%, compared with 2.32% for IEMG.
NTSE is categorized as Diversified Portfolio, while IEMG is Emerging Markets Equities. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.38% for NTSE and 0.09% for IEMG.
NTSE currently has the higher Sharpe Ratio (1.52 vs 1.35), 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.
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