RISE vs. RNEM

Last updated Jul 16, 2026

RISE (Pictet Emerging Markets Rising Economies ETF) and RNEM (First Trust Emerging Markets Equity Select ETF) are both Emerging Markets Equities funds. RISE is actively managed, while RNEM is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. RISE charges 0.73%/yr vs 0.75%/yr for RNEM.

Performance

RISE vs. RNEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pictet Emerging Markets Rising Economies ETF (RISE) and First Trust Emerging Markets Equity Select ETF (RNEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RISE

• 1D: -0.13%
• 1M: -2.37%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RNEM

• 1D: 0.43%
• 1M: -0.09%
• 6M: -0.47%
• YTD: 1.36%
• 1Y: 4.11%
• 3Y*: 6.42%
• 5Y*: 5.18%
• 10Y*: —

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

RISE vs. RNEM - Yearly Performance Comparison

	2026 (YTD)
RISE Pictet Emerging Markets Rising Economies ETF	-6.58%
RNEM First Trust Emerging Markets Equity Select ETF	-2.29%

Correlation

The correlation between RISE and RNEM is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026	0.86

Return for Risk

RISE vs. RNEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

RNEM

RNEM Risk / Return Rank: 14
RNEM Sharpe Ratio Rank: 15
RNEM Sortino Ratio Rank: 14
RNEM Omega Ratio Rank: 13
RNEM Calmar Ratio Rank: 14
RNEM Martin Ratio Rank: 15

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.

RISE vs. RNEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pictet Emerging Markets Rising Economies ETF (RISE) and First Trust Emerging Markets Equity Select ETF (RNEM). 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	RNEM	Difference
Sharpe ratio: Return per unit of total volatility	—	0.33	—
Sortino ratio: Return per unit of downside risk	—	0.56	—
Omega ratio: Gain probability vs. loss probability	—	1.07	—
Calmar ratio: Return relative to maximum drawdown	—	0.39	—
Martin ratio: Return relative to average drawdown	—	1.03	—

Drawdowns

RISE vs. RNEM - Drawdown Comparison

The maximum RISE drawdown since its inception was -9.58%, smaller than the maximum RNEM drawdown of -38.38%. Use the drawdown chart below to compare losses from any high point for RISE and RNEM.

Drawdown Indicators

	RISE	RNEM	Difference
Max Drawdown Largest peak-to-trough decline	-9.58%	-38.38%	+28.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.71%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.09%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.41%	—
Current Drawdown Current decline from peak	-6.94%	-4.77%	-2.17%
Average Drawdown Average peak-to-trough decline	-5.30%	-9.25%	+3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.01%	—

Volatility

Volatility by Period

	RISE	RNEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.56%	12.50%	+6.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.56%	14.49%	+4.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	17.17%	+1.39%

RISE vs. RNEM - Expense Ratio Comparison

RISE has a 0.73% expense ratio, which is lower than RNEM's 0.75% expense ratio.

Dividends

RISE vs. RNEM - Dividend Comparison

RISE's dividend yield for the trailing twelve months is around 0.49%, less than RNEM's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
RISE Pictet Emerging Markets Rising Economies ETF	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RNEM First Trust Emerging Markets Equity Select ETF	2.34%	2.75%	3.45%	1.63%	2.99%	3.20%	3.01%	2.85%	2.85%	2.28%

Frequently Asked Questions

Can I hold both RISE and RNEM in my portfolio?

RISE and RNEM have a correlation of 0.86, 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 RNEM?

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 RNEM?

RISE is cheaper with a 0.73% expense ratio, compared with 0.75% for RNEM.

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

RNEM has the higher dividend yield at 2.34%, compared with 0.49% for RISE.

What is the main difference between RISE and RNEM?

They also come from different issuers: Pictet and First Trust. Their fees differ too: 0.73% for RISE and 0.75% for RNEM.