SNDK vs. EMDM
SNDK (Sandisk Corporation) is a stock, while EMDM (First Trust Bloomberg Emerging Market Democracies ETF) is Emerging Markets Diversified fund tracking the Bloomberg Emerging Market Democracies Index - Benchmark TR Net. Over the past year, SNDK returned 4559.06% vs 83.08% for EMDM. At a 0.45 correlation, their price movements are largely independent.
Performance
SNDK vs. EMDM - Performance Comparison
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Returns By Period
In the year-to-date period, SNDK achieves a 734.15% return, which is significantly higher than EMDM's 36.28% return.
SNDK
- 1D
- 5.24%
- 1M
- 40.67%
- YTD
- 734.15%
- 6M
- 860.37%
- 1Y
- 4,559.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMDM
- 1D
- 0.70%
- 1M
- 6.11%
- YTD
- 36.28%
- 6M
- 42.03%
- 1Y
- 83.08%
- 3Y*
- 30.34%
- 5Y*
- —
- 10Y*
- —
SNDK vs. EMDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SNDK Sandisk Corporation | 734.15% | 356.50% |
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 36.28% | 49.27% |
Correlation
The correlation between SNDK and EMDM is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2025 | 0.45 |
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Return for Risk
SNDK vs. EMDM — Risk / Return Rank
SNDK
EMDM
SNDK vs. EMDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sandisk Corporation (SNDK) 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.
| SNDK | EMDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +44.73 | ||
| Sortino ratioReturn per unit of downside risk | +4.58 | ||
| Omega ratioGain probability vs. loss probability | 2.16 | 1.55 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 152.17 | 5.18 | +147.00 |
| Martin ratioReturn relative to average drawdown | 461.00 | 20.59 | +440.40 |
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Drawdowns
SNDK vs. EMDM - Drawdown Comparison
The maximum SNDK drawdown since its inception was -47.50%, which is greater than EMDM's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for SNDK and EMDM.
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Drawdown Indicators
| SNDK | EMDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.50% | -18.81% | -28.69% |
Max Drawdown (1Y)Largest decline over 1 year | -31.34% | -15.65% | -15.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.27% | +3.27% |
Average DrawdownAverage peak-to-trough decline | -13.74% | -4.08% | -9.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.32% | 3.93% | +6.39% |
Volatility
SNDK vs. EMDM - Volatility Comparison
Sandisk Corporation (SNDK) has a higher volatility of 26.68% compared to First Trust Bloomberg Emerging Market Democracies ETF (EMDM) at 12.16%. This indicates that SNDK'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
| SNDK | EMDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.68% | 12.16% | +14.52% |
Volatility (6M)Calculated over the trailing 6-month period | 71.96% | 22.86% | +49.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.48% | 25.23% | +74.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.64% | 20.36% | +77.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.64% | 20.36% | +77.28% |
Dividends
SNDK vs. EMDM - Dividend Comparison
SNDK has not paid dividends to shareholders, while EMDM's dividend yield for the trailing twelve months is around 2.62%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 2.62% | 3.57% | 5.87% | 2.16% |
SNDK Sandisk Corporation | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNDK and EMDM have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNDK has higher volatility (26.68%) compared to EMDM (12.16%). In terms of maximum drawdown, SNDK dropped -47.50% vs EMDM's -18.81%.
SNDK currently has the higher Sharpe Ratio (47.94 vs 3.21), 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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