RISE vs. EMSF

Last updated Aug 5, 2026

RISE (Pictet Emerging Markets Rising Economies ETF) and EMSF (Matthews Emerging Markets Sustainable Future Active ETF) are both Emerging Markets Equities funds. Both are actively managed. Their 0.64 correlation means they have sometimes moved together and sometimes differently. RISE charges 0.73%/yr vs 0.79%/yr for EMSF.

Performance

RISE vs. EMSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pictet Emerging Markets Rising Economies ETF (RISE) and Matthews Emerging Markets Sustainable Future Active ETF (EMSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RISE

• 1D: 1.31%
• 1M: 4.15%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

EMSF

• 1D: 3.12%
• 1M: -4.41%
• 6M: 22.28%
• YTD: 36.36%
• 1Y: 47.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EMSF Matthews Emerging Markets Sustainable Future Active ETF	$180.85K	$139.45K	$175.27K
RISE Pictet Emerging Markets Rising Economies ETF	$24.85K	$19.88K	$35.44K

RISE vs. EMSF - Yearly Performance Comparison

	2026 (YTD)
RISE Pictet Emerging Markets Rising Economies ETF	-3.47%
EMSF Matthews Emerging Markets Sustainable Future Active ETF	5.79%

Correlation

The correlation between RISE and EMSF is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026	0.64

Return for Risk

RISE vs. EMSF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RISE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EMSF

EMSF Risk / Return Rank: 57
EMSF Sharpe Ratio Rank: 57
EMSF Sortino Ratio Rank: 52
EMSF Omega Ratio Rank: 56
EMSF Calmar Ratio Rank: 61
EMSF Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RISE vs. EMSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pictet Emerging Markets Rising Economies ETF (RISE) and Matthews Emerging Markets Sustainable Future Active ETF (EMSF). 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.

	RISE	EMSF	Difference
Sharpe ratio: Return per unit of total volatility	—	1.56	—
Sortino ratio: Return per unit of downside risk	—	2.07	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.42	—
Martin ratio: Return relative to average drawdown	—	7.97	—

Drawdowns

RISE vs. EMSF - Drawdown Comparison

The maximum RISE drawdown since its inception was -9.58%, smaller than the maximum EMSF drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for RISE and EMSF.

Drawdown Indicators

	RISE	EMSF	Difference
Max Drawdown Largest peak-to-trough decline	-9.58%	-24.75%	+15.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.49%	—
Current Drawdown Current decline from peak	-3.85%	-11.99%	+8.14%
Average Drawdown Average peak-to-trough decline	-5.63%	-5.93%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.92%	—

Volatility

Volatility by Period

	RISE	EMSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.89%	30.21%	-12.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	24.44%	-6.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	24.44%	-6.55%

RISE vs. EMSF - Expense Ratio Comparison

RISE has a 0.73% expense ratio, which is lower than EMSF's 0.79% expense ratio.

Dividends

RISE vs. EMSF - Dividend Comparison

RISE's dividend yield for the trailing twelve months is around 0.47%, less than EMSF's 1.38% yield.

Position	TTM	2025	2024	2023
EMSF Matthews Emerging Markets Sustainable Future Active ETF	1.38%	1.88%	3.29%	0.02%
RISE Pictet Emerging Markets Rising Economies ETF	0.47%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RISE and EMSF in my portfolio?

RISE and EMSF have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RISE or EMSF?

On fees, RISE is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RISE or EMSF?

RISE is cheaper with a 0.73% expense ratio, compared with 0.79% for EMSF.

Which ETF pays a higher dividend yield, RISE or EMSF?

EMSF has the higher dividend yield at 1.38%, compared with 0.47% for RISE.

What is the main difference between RISE and EMSF?

They also come from different issuers: Pictet and Matthews. Their fees differ too: 0.73% for RISE and 0.79% for EMSF.