XCEM vs. EMGF
Compare and contrast key facts about Columbia EM Core ex-China ETF (XCEM) and iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF).
XCEM and EMGF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCEM is a passively managed fund by Ameriprise Financial that tracks the performance of the MSCI Emerging Markets ex China Index. It was launched on Sep 2, 2015. EMGF is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Diversified Multiple-Factor Index. It was launched on Dec 8, 2015. Both XCEM and EMGF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XCEM or EMGF.
Key characteristics
| XCEM | EMGF | |
|---|---|---|
| YTD Return | 4.33% | 11.10% |
| 1Y Return | 14.61% | 20.77% |
| 3Y Return (Ann) | 0.67% | 0.64% |
| 5Y Return (Ann) | 5.16% | 5.39% |
| Sharpe Ratio | 1.12 | 1.36 |
| Sortino Ratio | 1.58 | 1.97 |
| Omega Ratio | 1.20 | 1.25 |
| Calmar Ratio | 1.11 | 1.09 |
| Martin Ratio | 5.65 | 7.03 |
| Ulcer Index | 2.85% | 2.96% |
| Daily Std Dev | 14.37% | 15.30% |
| Max Drawdown | -40.92% | -40.23% |
| Current Drawdown | -6.54% | -8.29% |
Correlation
The correlation between XCEM and EMGF is 0.75, 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.
Performance
XCEM vs. EMGF - Performance Comparison
In the year-to-date period, XCEM achieves a 4.33% return, which is significantly lower than EMGF's 11.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XCEM vs. EMGF - Expense Ratio Comparison
XCEM has a 0.16% expense ratio, which is lower than EMGF's 0.45% expense ratio.
Risk-Adjusted Performance
XCEM vs. EMGF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia EM Core ex-China ETF (XCEM) and iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF). 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.
Dividends
XCEM vs. EMGF - Dividend Comparison
XCEM's dividend yield for the trailing twelve months is around 1.17%, less than EMGF's 5.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCEM Columbia EM Core ex-China ETF | 1.17% | 1.22% | 2.42% | 1.94% | 1.63% | 2.11% | 3.24% | 8.57% | 1.24% | 2.57% |
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF | 5.29% | 5.94% | 4.04% | 2.48% | 1.95% | 2.63% | 2.73% | 1.95% | 2.04% | 0.00% |
Drawdowns
XCEM vs. EMGF - Drawdown Comparison
The maximum XCEM drawdown since its inception was -40.92%, roughly equal to the maximum EMGF drawdown of -40.23%. Use the drawdown chart below to compare losses from any high point for XCEM and EMGF. For additional features, visit the drawdowns tool.
Volatility
XCEM vs. EMGF - Volatility Comparison
The current volatility for Columbia EM Core ex-China ETF (XCEM) is 3.44%, while iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) has a volatility of 5.14%. This indicates that XCEM experiences smaller price fluctuations and is considered to be less risky than EMGF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.