RNEM vs. MFEM
Compare and contrast key facts about First Trust Emerging Markets Equity Select ETF (RNEM) and PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM).
RNEM and MFEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RNEM is a passively managed fund by First Trust that tracks the performance of the Nasdaq Riskalyze Emerging Markets Equity Select Index. It was launched on Jun 20, 2017. MFEM is a passively managed fund by PIMCO that tracks the performance of the RAFI Dynamic Multi-Factor Emerging Market Index. It was launched on Aug 31, 2017. Both RNEM and MFEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
RNEM vs. MFEM - Performance Comparison
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RNEM vs. MFEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNEM First Trust Emerging Markets Equity Select ETF | -2.20% | 15.58% | -1.47% | 23.43% | -8.75% | 6.16% | -8.16% | 12.76% | -9.34% | 4.23% |
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 8.20% | 25.33% | 4.73% | 15.14% | -19.50% | 10.77% | 11.33% | 15.26% | -14.64% | 4.82% |
Returns By Period
In the year-to-date period, RNEM achieves a -2.20% return, which is significantly lower than MFEM's 8.20% return.
RNEM
- 1D
- 2.90%
- 1M
- -6.94%
- YTD
- -2.20%
- 6M
- 0.76%
- 1Y
- 8.54%
- 3Y*
- 9.43%
- 5Y*
- 4.61%
- 10Y*
- —
MFEM
- 1D
- 2.92%
- 1M
- -9.87%
- YTD
- 8.20%
- 6M
- 12.54%
- 1Y
- 35.23%
- 3Y*
- 16.17%
- 5Y*
- 6.37%
- 10Y*
- —
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RNEM vs. MFEM - Expense Ratio Comparison
RNEM has a 0.75% expense ratio, which is higher than MFEM's 0.49% expense ratio.
Return for Risk
RNEM vs. MFEM — Risk / Return Rank
RNEM
MFEM
RNEM vs. MFEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Equity Select ETF (RNEM) and PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM). 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.
| RNEM | MFEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 1.89 | -1.39 |
Sortino ratioReturn per unit of downside risk | 0.88 | 2.47 | -1.59 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.37 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 0.75 | 2.71 | -1.96 |
Martin ratioReturn relative to average drawdown | 1.96 | 10.38 | -8.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RNEM | MFEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 1.89 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.40 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.32 | -0.10 |
Correlation
The correlation between RNEM and MFEM is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RNEM vs. MFEM - Dividend Comparison
RNEM's dividend yield for the trailing twelve months is around 2.81%, more than MFEM's 2.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNEM First Trust Emerging Markets Equity Select ETF | 2.81% | 2.75% | 3.45% | 1.63% | 2.99% | 3.20% | 3.01% | 2.85% | 2.85% | 2.28% |
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 2.56% | 2.77% | 5.89% | 4.01% | 7.01% | 29.96% | 1.70% | 2.37% | 1.18% | 0.21% |
Drawdowns
RNEM vs. MFEM - Drawdown Comparison
The maximum RNEM drawdown since its inception was -38.38%, smaller than the maximum MFEM drawdown of -43.32%. Use the drawdown chart below to compare losses from any high point for RNEM and MFEM.
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Drawdown Indicators
| RNEM | MFEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.38% | -43.32% | +4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -12.86% | +2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.41% | -31.39% | +9.98% |
Current DrawdownCurrent decline from peak | -8.12% | -10.31% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -11.67% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 3.36% | +0.74% |
Volatility
RNEM vs. MFEM - Volatility Comparison
The current volatility for First Trust Emerging Markets Equity Select ETF (RNEM) is 6.79%, while PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) has a volatility of 10.30%. This indicates that RNEM experiences smaller price fluctuations and is considered to be less risky than MFEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNEM | MFEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 10.30% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 14.44% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.02% | 18.72% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 16.12% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 19.22% | -1.94% |