QQQ vs. EMC

Last updated Jun 14, 2026

QQQ (Invesco QQQ ETF) and EMC (Global X Emerging Markets Great Consumer ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while EMC is a Emerging Markets Diversified fund actively managed by Global X. QQQ is passively managed, while EMC is actively managed. Over the past 3 years, QQQ returned 26.43%/yr vs 15.25%/yr for EMC. A 0.68 correlation means they provide meaningful diversification when combined. QQQ charges 0.18%/yr vs 0.75%/yr for EMC.

Performance

QQQ vs. EMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and Global X Emerging Markets Great Consumer ETF (EMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQ achieves a 17.57% return, which is significantly lower than EMC's 22.09% return.

QQQ

• 1D: 0.59%
• 1M: 0.22%
• YTD: 17.57%
• 6M: 17.85%
• 1Y: 37.55%
• 3Y*: 26.43%
• 5Y*: 16.85%
• 10Y*: 21.79%

EMC

• 1D: 0.43%
• 1M: 1.31%
• YTD: 22.09%
• 6M: 24.45%
• 1Y: 34.55%
• 3Y*: 15.25%
• 5Y*: —
• 10Y*: —

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

QQQ vs. EMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQQ Invesco QQQ ETF	17.57%	20.77%	25.58%	26.67%
EMC Global X Emerging Markets Great Consumer ETF	22.09%	18.91%	3.75%	1.62%

Correlation

The correlation between QQQ and EMC is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since May 15, 2023	0.68

The correlation between QQQ and EMC has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.

Return for Risk

QQQ vs. EMC — Risk / Return Rank

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

QQQ

QQQ Risk / Return Rank: 71
QQQ Sharpe Ratio Rank: 75
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 73
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 70

EMC

EMC Risk / Return Rank: 49
EMC Sharpe Ratio Rank: 47
EMC Sortino Ratio Rank: 45
EMC Omega Ratio Rank: 49
EMC Calmar Ratio Rank: 52
EMC Martin Ratio Rank: 54

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.

QQQ vs. EMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Global X Emerging Markets Great Consumer ETF (EMC). 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.

	QQQ	EMC	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.46	+0.63
Sortino ratio: Return per unit of downside risk	2.73	2.06	+0.68
Omega ratio: Gain probability vs. loss probability	1.37	1.28	+0.09
Calmar ratio: Return relative to maximum drawdown	3.01	2.32	+0.69
Martin ratio: Return relative to average drawdown	11.22	8.27	+2.96

QQQ vs. EMC - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.09, which is higher than the EMC Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of QQQ and EMC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQ vs. EMC - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than EMC's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for QQQ and EMC.

Drawdown Indicators

	QQQ	EMC	Difference
Max Drawdown Largest peak-to-trough decline	-82.97%	-18.38%	-64.59%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-13.89%	+1.93%
Max Drawdown (3Y) Largest decline over 3 years	-22.77%	-18.38%	-4.39%
Max Drawdown (5Y) Largest decline over 5 years	-35.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.12%	—	—
Current Drawdown Current decline from peak	-3.33%	-4.11%	+0.78%
Average Drawdown Average peak-to-trough decline	-32.75%	-4.12%	-28.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	3.89%	-0.69%

Volatility

QQQ vs. EMC - Volatility Comparison

The current volatility for Invesco QQQ ETF (QQQ) is 7.56%, while Global X Emerging Markets Great Consumer ETF (EMC) has a volatility of 10.45%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than EMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQ	EMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.56%	10.45%	-2.89%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	19.85%	-6.04%
Volatility (1Y) Calculated over the trailing 1-year period	17.19%	22.04%	-4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.55%	18.97%	+3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.38%	18.97%	+3.41%

QQQ vs. EMC - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than EMC's 0.75% expense ratio.

Dividends

QQQ vs. EMC - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.39%, less than EMC's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMC Global X Emerging Markets Great Consumer ETF	0.64%	0.78%	1.13%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.39%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both QQQ and EMC in my portfolio?

QQQ and EMC have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQ or EMC?

EMC has higher volatility (10.45%) compared to QQQ (7.56%). In terms of maximum drawdown, QQQ dropped -82.97% vs EMC's -18.38%.

Which ETF is better, QQQ or EMC?

On 3-year performance, QQQ leads with 26.43% vs 15.25% for EMC. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 7.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQ or EMC?

Over the 3-year period, QQQ has performed better with a 26.43% return vs 15.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQ or EMC?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.75% for EMC.

Which ETF pays a higher dividend yield, QQQ or EMC?

EMC has the higher dividend yield at 0.64%, compared with 0.39% for QQQ.

What is the main difference between QQQ and EMC?

QQQ is categorized as Nasdaq-100, while EMC is Emerging Markets Diversified. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.18% for QQQ and 0.75% for EMC.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.09 vs 1.46), 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.