RNEM vs. SCHE
Compare and contrast key facts about First Trust Emerging Markets Equity Select ETF (RNEM) and Schwab Emerging Markets Equity ETF (SCHE).
RNEM and SCHE 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. SCHE is a passively managed fund by Charles Schwab that tracks the performance of the FTSE All-World Emerging. It was launched on Jan 14, 2010. Both RNEM and SCHE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNEM or SCHE.
Correlation
The correlation between RNEM and SCHE is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RNEM vs. SCHE - Performance Comparison
Key characteristics
RNEM:
0.11
SCHE:
0.93
RNEM:
0.23
SCHE:
1.40
RNEM:
1.03
SCHE:
1.17
RNEM:
0.14
SCHE:
0.55
RNEM:
0.37
SCHE:
3.62
RNEM:
3.59%
SCHE:
3.87%
RNEM:
12.05%
SCHE:
15.03%
RNEM:
-38.37%
SCHE:
-36.16%
RNEM:
-8.54%
SCHE:
-11.60%
Returns By Period
In the year-to-date period, RNEM achieves a -0.28% return, which is significantly lower than SCHE's 12.34% return.
RNEM
-0.28%
-1.24%
-1.78%
-0.03%
1.96%
N/A
SCHE
12.34%
1.25%
5.00%
13.53%
2.62%
4.12%
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RNEM vs. SCHE - Expense Ratio Comparison
RNEM has a 0.75% expense ratio, which is higher than SCHE's 0.11% expense ratio.
Risk-Adjusted Performance
RNEM vs. SCHE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Equity Select ETF (RNEM) and Schwab Emerging Markets Equity ETF (SCHE). 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.
Dividends
RNEM vs. SCHE - Dividend Comparison
RNEM's dividend yield for the trailing twelve months is around 3.41%, more than SCHE's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNEM First Trust Emerging Markets Equity Select ETF | 3.41% | 1.63% | 2.99% | 3.20% | 3.01% | 2.85% | 2.85% | 2.28% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHE Schwab Emerging Markets Equity ETF | 2.99% | 3.83% | 2.87% | 2.86% | 2.09% | 3.27% | 2.69% | 2.31% | 2.26% | 2.50% | 2.86% | 2.56% |
Drawdowns
RNEM vs. SCHE - Drawdown Comparison
The maximum RNEM drawdown since its inception was -38.37%, which is greater than SCHE's maximum drawdown of -36.16%. Use the drawdown chart below to compare losses from any high point for RNEM and SCHE. For additional features, visit the drawdowns tool.
Volatility
RNEM vs. SCHE - Volatility Comparison
The current volatility for First Trust Emerging Markets Equity Select ETF (RNEM) is 3.71%, while Schwab Emerging Markets Equity ETF (SCHE) has a volatility of 4.33%. This indicates that RNEM experiences smaller price fluctuations and is considered to be less risky than SCHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.