REMG vs. DIEM

Last updated Jun 3, 2026

REMG (Russell Investments Emerging Markets Equity ETF) and DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) are both Emerging Markets Diversified funds. REMG is actively managed, while DIEM is passively managed. Over the past year, REMG returned 61.56% vs 63.44% for DIEM. Their correlation of 0.95 suggests significant overlap in exposure. REMG charges 0.64%/yr vs 0.19%/yr for DIEM.

Performance

REMG vs. DIEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Russell Investments Emerging Markets Equity ETF (REMG) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REMG achieves a 31.09% return, which is significantly lower than DIEM's 34.62% return.

REMG

• 1D: 0.64%
• 1M: 11.45%
• YTD: 31.09%
• 6M: 34.21%
• 1Y: 61.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIEM

• 1D: 1.25%
• 1M: 13.76%
• YTD: 34.62%
• 6M: 37.79%
• 1Y: 63.44%
• 3Y*: 28.94%
• 5Y*: 11.95%
• 10Y*: —

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

REMG vs. DIEM - Yearly Performance Comparison

	2026 (YTD)	2025
REMG Russell Investments Emerging Markets Equity ETF	31.09%	24.09%
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	34.62%	21.74%

Correlation

The correlation between REMG and DIEM is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.95

The correlation between REMG and DIEM has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

REMG vs. DIEM - Sectors Allocation Comparison

Sectors	REMG	DIEM
Technology	36.6%	40.3%
Financial Services	20.5%	23.3%
Consumer Cyclical	10.2%	6.7%
Industrials	7.7%	4.7%
Communication Services	6.3%	5.6%
Basic Materials	6.2%	4.2%
Energy	4.1%	6.0%
Healthcare	2.7%	0.6%
Consumer Defensive	2.7%	2.9%
Real Estate	1.7%	1.6%
Utilities	1.4%	4.1%

Return for Risk

REMG vs. DIEM — Risk / Return Rank

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

DIEM

DIEM Risk / Return Rank: 91
DIEM Sharpe Ratio Rank: 93
DIEM Sortino Ratio Rank: 92
DIEM Omega Ratio Rank: 93
DIEM Calmar Ratio Rank: 88
DIEM Martin Ratio Rank: 90

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.

REMG vs. DIEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments Emerging Markets Equity ETF (REMG) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). 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.

	REMG	DIEM	Difference
Sharpe ratio Return per unit of total volatility	3.00	3.52	-0.52
Sortino ratio Return per unit of downside risk	3.84	4.44	-0.60
Omega ratio Gain probability vs. loss probability	1.54	1.66	-0.12
Calmar ratio Return relative to maximum drawdown	—	5.18	—
Martin ratio Return relative to average drawdown	—	21.41	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REMG vs. DIEM - Sharpe Ratio Comparison

The current REMG Sharpe Ratio is 3.00, which is comparable to the DIEM Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of REMG and DIEM, 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

	REMG	DIEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.00	3.52	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.05	0.56	+2.49

Drawdowns

REMG vs. DIEM - Drawdown Comparison

The maximum REMG drawdown since its inception was -14.13%, smaller than the maximum DIEM drawdown of -38.61%. Use the drawdown chart below to compare losses from any high point for REMG and DIEM.

Drawdown Indicators

	REMG	DIEM	Difference
Max Drawdown Largest peak-to-trough decline	-14.13%	-38.61%	+24.48%
Max Drawdown (1Y) Largest decline over 1 year	-14.13%	-12.33%	-1.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.34%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.94%	-9.72%	+7.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	2.98%	+0.50%

Volatility

REMG vs. DIEM - Volatility Comparison

Russell Investments Emerging Markets Equity ETF (REMG) has a higher volatility of 8.72% compared to Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) at 8.30%. This indicates that REMG's price experiences larger fluctuations and is considered to be riskier than DIEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REMG	DIEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.72%	8.30%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	17.86%	15.83%	+2.03%
Volatility (1Y) Calculated over the trailing 1-year period	20.61%	18.10%	+2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.61%	16.92%	+3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.61%	17.59%	+3.02%

REMG vs. DIEM - Expense Ratio Comparison

REMG has a 0.64% expense ratio, which is higher than DIEM's 0.19% expense ratio.

Dividends

REMG vs. DIEM - Dividend Comparison

REMG's dividend yield for the trailing twelve months is around 1.05%, less than DIEM's 2.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	2.27%	2.99%	4.92%	4.45%	6.31%	4.06%	2.75%	5.98%	3.87%	2.61%	0.35%
REMG Russell Investments Emerging Markets Equity ETF	1.05%	1.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both REMG and DIEM in my portfolio?

With a correlation of 0.95, REMG and DIEM 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.

Which is riskier, REMG or DIEM?

REMG has higher volatility (8.72%) compared to DIEM (8.30%). In terms of maximum drawdown, REMG dropped -14.13% vs DIEM's -38.61%.

Which ETF is better, REMG or DIEM?

On 1-year performance, DIEM leads with 63.44% vs 61.56% for REMG. On fees, DIEM is cheaper at 0.19% per year. On volatility, DIEM has been the lower-risk option at 8.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, REMG or DIEM?

Over the 1-year period, DIEM has performed better with a 63.44% return vs 61.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, REMG or DIEM?

DIEM is cheaper with a 0.19% expense ratio, compared with 0.64% for REMG.

Which ETF pays a higher dividend yield, REMG or DIEM?

DIEM has the higher dividend yield at 2.27%, compared with 1.05% for REMG.

What is the main difference between REMG and DIEM?

They also come from different issuers: Russell and Franklin Templeton. Their fees differ too: 0.64% for REMG and 0.19% for DIEM.

Which has better risk-adjusted returns?

DIEM currently has the higher Sharpe Ratio (3.52 vs 3.00), 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.