TEMX vs. EEMS
TEMX (Touchstone Sands Capital Emerging Markets ex-China Growth ETF) and EEMS (iShares MSCI Emerging Markets Small-Cap ETF) are both Emerging Markets Diversified funds. TEMX is actively managed, while EEMS is passively managed. Over the past year, TEMX returned 42.77% vs 23.79% for EEMS. A 0.80 correlation means they provide meaningful diversification when combined. TEMX charges 0.79%/yr vs 0.73%/yr for EEMS.
Performance
TEMX vs. EEMS - Performance Comparison
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Returns By Period
In the year-to-date period, TEMX achieves a 27.50% return, which is significantly higher than EEMS's 11.49% return.
TEMX
- 1D
- -5.63%
- 1M
- 6.37%
- YTD
- 27.50%
- 6M
- 29.57%
- 1Y
- 42.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EEMS
- 1D
- -4.01%
- 1M
- -2.11%
- YTD
- 11.49%
- 6M
- 12.59%
- 1Y
- 23.79%
- 3Y*
- 15.45%
- 5Y*
- 6.33%
- 10Y*
- 9.32%
TEMX vs. EEMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEMX Touchstone Sands Capital Emerging Markets ex-China Growth ETF | 27.50% | 21.36% |
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 11.49% | 21.71% |
Correlation
The correlation between TEMX and EEMS is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025 | 0.80 |
The correlation between TEMX and EEMS has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.
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Return for Risk
TEMX vs. EEMS — Risk / Return Rank
TEMX
EEMS
TEMX vs. EEMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Sands Capital Emerging Markets ex-China Growth ETF (TEMX) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS). 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.
| TEMX | EEMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.20 | +0.68 |
| Martin ratioReturn relative to average drawdown | 10.84 | 7.37 | +3.47 |
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Drawdowns
TEMX vs. EEMS - Drawdown Comparison
The maximum TEMX drawdown since its inception was -14.95%, smaller than the maximum EEMS drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for TEMX and EEMS.
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Drawdown Indicators
| TEMX | EEMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.95% | -48.89% | +33.94% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -10.87% | -4.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.71% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.89% | — |
Current DrawdownCurrent decline from peak | -5.63% | -5.08% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -10.48% | +8.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 3.24% | +0.72% |
Volatility
TEMX vs. EEMS - Volatility Comparison
Touchstone Sands Capital Emerging Markets ex-China Growth ETF (TEMX) has a higher volatility of 13.97% compared to iShares MSCI Emerging Markets Small-Cap ETF (EEMS) at 9.86%. This indicates that TEMX's price experiences larger fluctuations and is considered to be riskier than EEMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEMX | EEMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.97% | 9.86% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 23.02% | 17.19% | +5.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.09% | 19.11% | +5.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.83% | 16.50% | +8.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.83% | 18.12% | +6.71% |
TEMX vs. EEMS - Expense Ratio Comparison
TEMX has a 0.79% expense ratio, which is higher than EEMS's 0.73% expense ratio.
Dividends
TEMX vs. EEMS - Dividend Comparison
TEMX's dividend yield for the trailing twelve months is around 0.85%, less than EEMS's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 2.86% | 3.09% | 2.60% | 2.69% | 0.89% | 3.56% | 2.14% | 2.64% | 3.06% | 2.47% | 2.51% | 2.33% |
TEMX Touchstone Sands Capital Emerging Markets ex-China Growth ETF | 0.85% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TEMX and EEMS have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEMX has higher volatility (13.97%) compared to EEMS (9.86%). In terms of maximum drawdown, TEMX dropped -14.95% vs EEMS's -48.89%.
On 1-year performance, TEMX leads with 42.77% vs 23.79% for EEMS. On fees, EEMS is cheaper at 0.73% per year. On volatility, EEMS has been the lower-risk option at 9.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TEMX has performed better with a 42.77% return vs 23.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EEMS is cheaper with a 0.73% expense ratio, compared with 0.79% for TEMX.
EEMS has the higher dividend yield at 2.86%, compared with 0.85% for TEMX.
They also come from different issuers: Touchstone and iShares. Their fees differ too: 0.79% for TEMX and 0.73% for EEMS.
TEMX currently has the higher Sharpe Ratio (1.71 vs 1.25), 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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