SCHE vs. EMCS

Last updated Apr 3, 2026

Compare and contrast key facts about Schwab Emerging Markets Equity ETF (SCHE) and Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS).

SCHE and EMCS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. EMCS is a passively managed fund by Xtrackers that tracks the performance of the MSCI Emerging Markets Climate Select Index. It was launched on Dec 4, 2018. Both SCHE and EMCS 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

SCHE vs. EMCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Emerging Markets Equity ETF (SCHE) and Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS). The values are adjusted to include any dividend payments, if applicable.

SCHE vs. EMCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SCHE Schwab Emerging Markets Equity ETF	0.21%	26.54%	10.60%	8.93%	-17.84%	-0.65%	14.49%	20.31%	-2.43%
EMCS Xtrackers MSCI Emerging Markets Climate Selection ETF	4.07%	38.71%	10.12%	5.68%	-23.58%	-2.02%	19.72%	19.54%	-0.59%

Returns By Period

In the year-to-date period, SCHE achieves a 0.21% return, which is significantly lower than EMCS's 4.07% return.

SCHE

• 1D: -0.67%
• 1M: -2.35%
• YTD: 0.21%
• 6M: 0.15%
• 1Y: 21.70%
• 3Y*: 13.64%
• 5Y*: 3.59%
• 10Y*: 7.78%

EMCS

• 1D: -1.27%
• 1M: -3.48%
• YTD: 4.07%
• 6M: 7.20%
• 1Y: 34.57%
• 3Y*: 16.76%
• 5Y*: 3.27%
• 10Y*: —

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

SCHE vs. EMCS - Expense Ratio Comparison

SCHE has a 0.11% expense ratio, which is lower than EMCS's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

EMCS

Xtrackers MSCI Emerging Markets Climate Selection ETF

SCHE

Schwab Emerging Markets Equity ETF

Return for Risk

SCHE vs. EMCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHE

SCHE Risk / Return Rank: 62
SCHE Sharpe Ratio Rank: 63
SCHE Sortino Ratio Rank: 64
SCHE Omega Ratio Rank: 62
SCHE Calmar Ratio Rank: 61
SCHE Martin Ratio Rank: 58

EMCS

EMCS Risk / Return Rank: 75
EMCS Sharpe Ratio Rank: 79
EMCS Sortino Ratio Rank: 79
EMCS Omega Ratio Rank: 76
EMCS Calmar Ratio Rank: 71
EMCS Martin Ratio Rank: 69

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.

SCHE vs. EMCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Emerging Markets Equity ETF (SCHE) and Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS). 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.

	SCHE	EMCS	Difference
Sharpe ratio Return per unit of total volatility	1.19	1.53	-0.34
Sortino ratio Return per unit of downside risk	1.71	2.12	-0.41
Omega ratio Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio Return relative to maximum drawdown	1.80	2.41	-0.61
Martin ratio Return relative to average drawdown	6.65	8.92	-2.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHE vs. EMCS - Sharpe Ratio Comparison

The current SCHE Sharpe Ratio is 1.19, which is comparable to the EMCS Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of SCHE and EMCS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SCHE	EMCS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.53	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.16	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.39	-0.17

Correlation

The correlation between SCHE and EMCS is 0.96, 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

SCHE vs. EMCS - Dividend Comparison

SCHE's dividend yield for the trailing twelve months is around 2.87%, more than EMCS's 1.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHE Schwab Emerging Markets Equity ETF	2.87%	2.88%	3.03%	3.83%	2.88%	2.86%	2.09%	3.27%	2.64%	2.31%	2.27%	2.50%
EMCS Xtrackers MSCI Emerging Markets Climate Selection ETF	1.59%	1.66%	0.67%	3.07%	2.26%	1.46%	1.40%	3.56%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SCHE vs. EMCS - Drawdown Comparison

The maximum SCHE drawdown since its inception was -36.20%, smaller than the maximum EMCS drawdown of -44.86%. Use the drawdown chart below to compare losses from any high point for SCHE and EMCS.

Drawdown Indicators

	SCHE	EMCS	Difference
Max Drawdown Largest peak-to-trough decline	-36.20%	-44.86%	+8.66%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-14.32%	+3.03%
Max Drawdown (5Y) Largest decline over 5 years	-33.77%	-42.06%	+8.29%
Max Drawdown (10Y) Largest decline over 10 years	-36.20%	—	—
Current Drawdown Current decline from peak	-8.76%	-10.88%	+2.12%
Average Drawdown Average peak-to-trough decline	-12.71%	-16.94%	+4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	3.87%	-0.59%

Volatility

SCHE vs. EMCS - Volatility Comparison

The current volatility for Schwab Emerging Markets Equity ETF (SCHE) is 7.64%, while Xtrackers MSCI Emerging Markets Climate Selection ETF (EMCS) has a volatility of 10.76%. This indicates that SCHE experiences smaller price fluctuations and is considered to be less risky than EMCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHE	EMCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.64%	10.76%	-3.12%
Volatility (6M) Calculated over the trailing 6-month period	12.64%	16.99%	-4.35%
Volatility (1Y) Calculated over the trailing 1-year period	18.24%	22.64%	-4.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	20.07%	-2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.42%	21.39%	-1.97%