ROKT vs. EMDM
ROKT (SPDR S&P Kensho Final Frontiers ETF) and EMDM (First Trust Bloomberg Emerging Market Democracies ETF) are both exchange-traded funds - ROKT is a Industrials Equities fund tracking the S&P Kensho Final Frontiers Index, while EMDM is a Emerging Markets Diversified fund tracking the Bloomberg Emerging Market Democracies Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, ROKT returned 41.32%/yr vs 31.21%/yr for EMDM. A 0.54 correlation means they provide meaningful diversification when combined. ROKT charges 0.45%/yr vs 0.75%/yr for EMDM.
Performance
ROKT vs. EMDM - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ROKT having a 41.07% return and EMDM slightly lower at 40.57%.
ROKT
- 1D
- -0.04%
- 1M
- 2.04%
- YTD
- 41.07%
- 6M
- 45.45%
- 1Y
- 96.86%
- 3Y*
- 41.32%
- 5Y*
- 23.72%
- 10Y*
- —
EMDM
- 1D
- 3.15%
- 1M
- 9.44%
- YTD
- 40.57%
- 6M
- 45.75%
- 1Y
- 88.85%
- 3Y*
- 31.21%
- 5Y*
- —
- 10Y*
- —
ROKT vs. EMDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ROKT SPDR S&P Kensho Final Frontiers ETF | 41.07% | 50.56% | 27.89% | 7.25% |
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 40.57% | 59.68% | -4.93% | 14.75% |
Correlation
The correlation between ROKT and EMDM is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2023 | 0.54 |
The correlation between ROKT and EMDM has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.
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Return for Risk
ROKT vs. EMDM — Risk / Return Rank
ROKT
EMDM
ROKT vs. EMDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Final Frontiers ETF (ROKT) and First Trust Bloomberg Emerging Market Democracies ETF (EMDM). 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.
| ROKT | EMDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.60 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.38 | 5.71 | +0.67 |
| Martin ratioReturn relative to average drawdown | 25.67 | 22.71 | +2.96 |
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Drawdowns
ROKT vs. EMDM - Drawdown Comparison
The maximum ROKT drawdown since its inception was -43.16%, which is greater than EMDM's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for ROKT and EMDM.
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Drawdown Indicators
| ROKT | EMDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.16% | -18.81% | -24.35% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -15.65% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -18.81% | -4.65% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | — | — |
Current DrawdownCurrent decline from peak | -12.23% | -0.23% | -12.00% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -4.08% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 3.93% | -0.14% |
Volatility
ROKT vs. EMDM - Volatility Comparison
SPDR S&P Kensho Final Frontiers ETF (ROKT) has a higher volatility of 15.94% compared to First Trust Bloomberg Emerging Market Democracies ETF (EMDM) at 12.51%. This indicates that ROKT's price experiences larger fluctuations and is considered to be riskier than EMDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROKT | EMDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.94% | 12.51% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 27.00% | 23.03% | +3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.03% | 25.39% | +5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.33% | 20.42% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 20.42% | +5.00% |
ROKT vs. EMDM - Expense Ratio Comparison
ROKT has a 0.45% expense ratio, which is lower than EMDM's 0.75% expense ratio.
Dividends
ROKT vs. EMDM - Dividend Comparison
ROKT's dividend yield for the trailing twelve months is around 0.28%, less than EMDM's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 2.54% | 3.57% | 5.87% | 2.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ROKT SPDR S&P Kensho Final Frontiers ETF | 0.28% | 0.41% | 0.57% | 0.62% | 0.54% | 1.79% | 0.48% | 0.74% | 0.16% |
Frequently Asked Questions
ROKT and EMDM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROKT has higher volatility (15.94%) compared to EMDM (12.51%). In terms of maximum drawdown, ROKT dropped -43.16% vs EMDM's -18.81%.
On 3-year performance, ROKT leads with 41.32% vs 31.21% for EMDM. On fees, ROKT is cheaper at 0.45% per year. On volatility, EMDM has been the lower-risk option at 12.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ROKT has performed better with a 41.32% return vs 31.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROKT is cheaper with a 0.45% expense ratio, compared with 0.75% for EMDM.
EMDM has the higher dividend yield at 2.54%, compared with 0.28% for ROKT.
ROKT is categorized as Industrials Equities, while EMDM is Emerging Markets Diversified. ROKT tracks S&P Kensho Final Frontiers Index, while EMDM tracks Bloomberg Emerging Market Democracies Index - Benchmark TR Net. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.45% for ROKT and 0.75% for EMDM.
EMDM currently has the higher Sharpe Ratio (3.52 vs 3.14), 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.
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