WCME vs. EMOP

Last updated Jun 5, 2026

WCME (First Trust WCM Developing World Equity ETF) and EMOP (AB Emerging Markets Opportunities ETF) are both Emerging Markets Equities funds. WCME is passively managed, while EMOP is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. WCME charges 0.95%/yr vs 0.70%/yr for EMOP.

Performance

WCME vs. EMOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust WCM Developing World Equity ETF (WCME) and AB Emerging Markets Opportunities ETF (EMOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCME achieves a 14.24% return, which is significantly lower than EMOP's 29.94% return.

WCME

• 1D: -0.60%
• 1M: 2.08%
• YTD: 14.24%
• 6M: 14.00%
• 1Y: 29.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMOP

• 1D: -1.98%
• 1M: 4.54%
• YTD: 29.94%
• 6M: 32.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WCME vs. EMOP - Yearly Performance Comparison

	2026 (YTD)	2025
WCME First Trust WCM Developing World Equity ETF	14.24%	12.75%
EMOP AB Emerging Markets Opportunities ETF	29.94%	16.69%

Correlation

The correlation between WCME and EMOP is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.88

WCME vs. EMOP - Sectors Allocation Comparison

Sectors	WCME	EMOP
Technology	32.4%	30.3%
Financial Services	16.9%	24.0%
Consumer Cyclical	12.6%	7.8%
Healthcare	11.0%	1.6%
Industrials	8.7%	8.1%
Basic Materials	6.5%	7.0%
Energy	5.0%	2.6%
Communication Services	3.6%	12.3%
Utilities	3.2%	2.8%
Consumer Defensive	3.0%	1.4%
Real Estate	-	2.3%

Return for Risk

WCME vs. EMOP — Risk / Return Rank

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

WCME

WCME Risk / Return Rank: 41
WCME Sharpe Ratio Rank: 42
WCME Sortino Ratio Rank: 40
WCME Omega Ratio Rank: 42
WCME Calmar Ratio Rank: 39
WCME Martin Ratio Rank: 42

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.

WCME vs. EMOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust WCM Developing World Equity ETF (WCME) and AB Emerging Markets Opportunities ETF (EMOP). 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.

	WCME	EMOP	Difference
Sharpe ratio: Return per unit of total volatility	1.45	—	—
Sortino ratio: Return per unit of downside risk	2.00	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.86	—	—
Martin ratio: Return relative to average drawdown	6.64	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	WCME	EMOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	2.74	-1.65

Drawdowns

WCME vs. EMOP - Drawdown Comparison

The maximum WCME drawdown since its inception was -15.64%, which is greater than EMOP's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for WCME and EMOP.

Drawdown Indicators

	WCME	EMOP	Difference
Max Drawdown Largest peak-to-trough decline	-15.64%	-12.88%	-2.76%
Max Drawdown (1Y) Largest decline over 1 year	-15.64%	—	—
Current Drawdown Current decline from peak	-2.93%	-2.69%	-0.24%
Average Drawdown Average peak-to-trough decline	-3.67%	-1.90%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	—	—

Volatility

Volatility by Period

	WCME	EMOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.17%	19.93%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	19.93%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.72%	19.93%	-0.21%

WCME vs. EMOP - Expense Ratio Comparison

WCME has a 0.95% expense ratio, which is higher than EMOP's 0.70% expense ratio.

Dividends

WCME vs. EMOP - Dividend Comparison

WCME's dividend yield for the trailing twelve months is around 0.60%, less than EMOP's 0.83% yield.

Position	TTM	2025	2024
EMOP AB Emerging Markets Opportunities ETF	0.83%	0.27%	0.00%
WCME First Trust WCM Developing World Equity ETF	0.60%	0.68%	0.53%

Frequently Asked Questions

Can I hold both WCME and EMOP in my portfolio?

WCME and EMOP have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WCME or EMOP?

On fees, EMOP is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WCME or EMOP?

EMOP is cheaper with a 0.70% expense ratio, compared with 0.95% for WCME.

Which ETF pays a higher dividend yield, WCME or EMOP?

EMOP has the higher dividend yield at 0.83%, compared with 0.60% for WCME.

What is the main difference between WCME and EMOP?

They also come from different issuers: First Trust and AllianceBernstein. Their fees differ too: 0.95% for WCME and 0.70% for EMOP.