XCEM vs. REVS

Last updated Jul 15, 2026

XCEM (Columbia EM Core ex-China ETF) and REVS (Columbia Research Enhanced Value ETF) are both exchange-traded funds - XCEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index, while REVS is a Large Cap Value Equities fund tracking the Beta Advantage Research Enhanced U.S. Value Index. Both are passively managed. Over the past 5 years, XCEM returned 10.85%/yr vs 12.19%/yr for REVS. A 0.56 correlation means they provide meaningful diversification when combined. XCEM charges 0.16%/yr vs 0.19%/yr for REVS.

Performance

XCEM vs. REVS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia EM Core ex-China ETF (XCEM) and Columbia Research Enhanced Value ETF (REVS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XCEM achieves a 29.80% return, which is significantly higher than REVS's 14.87% return.

XCEM

• 1D: 1.49%
• 1M: -3.73%
• 6M: 24.35%
• YTD: 29.80%
• 1Y: 50.50%
• 3Y*: 22.27%
• 5Y*: 10.85%
• 10Y*: 11.28%

REVS

• 1D: -0.47%
• 1M: 1.65%
• 6M: 11.65%
• YTD: 14.87%
• 1Y: 24.70%
• 3Y*: 18.00%
• 5Y*: 12.19%
• 10Y*: —

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

XCEM vs. REVS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XCEM Columbia EM Core ex-China ETF	29.80%	34.05%	0.42%	19.96%	-17.59%	7.87%	9.47%	10.66%
REVS Columbia Research Enhanced Value ETF	14.87%	16.80%	16.36%	13.46%	-6.20%	28.52%	1.37%	7.27%

Correlation

The correlation between XCEM and REVS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019	0.56

The correlation between XCEM and REVS shifts across timeframes, from 0.47 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.

XCEM vs. REVS - Sectors Allocation Comparison

Sectors	XCEM	REVS
Technology	49.5%	16.4%
Financial Services	17.6%	18.3%
Industrials	9.3%	11.8%
Basic Materials	5.3%	4.0%
Consumer Cyclical	4.8%	7.7%
Energy	3.0%	6.7%
Communication Services	3.0%	8.3%
Consumer Defensive	2.4%	6.8%
Healthcare	2.3%	11.4%
Utilities	1.7%	4.4%
Real Estate	1.3%	4.2%

Return for Risk

XCEM vs. REVS — Risk / Return Rank

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

XCEM

XCEM Risk / Return Rank: 79
XCEM Sharpe Ratio Rank: 80
XCEM Sortino Ratio Rank: 71
XCEM Omega Ratio Rank: 81
XCEM Calmar Ratio Rank: 83
XCEM Martin Ratio Rank: 81

REVS

REVS Risk / Return Rank: 83
REVS Sharpe Ratio Rank: 85
REVS Sortino Ratio Rank: 86
REVS Omega Ratio Rank: 79
REVS Calmar Ratio Rank: 83
REVS Martin Ratio Rank: 83

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.

XCEM vs. REVS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia EM Core ex-China ETF (XCEM) and Columbia Research Enhanced Value ETF (REVS). 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.

	XCEM	REVS	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.15	-0.13
Sortino ratio: Return per unit of downside risk	2.54	3.12	-0.57
Omega ratio: Gain probability vs. loss probability	1.38	1.37	+0.01
Calmar ratio: Return relative to maximum drawdown	3.51	3.58	-0.07
Martin ratio: Return relative to average drawdown	12.28	13.00	-0.72

XCEM vs. REVS - Sharpe Ratio Comparison

The current XCEM Sharpe Ratio is 2.01, which is comparable to the REVS Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of XCEM and REVS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XCEM vs. REVS - Drawdown Comparison

The maximum XCEM drawdown since its inception was -41.24%, which is greater than REVS's maximum drawdown of -37.85%. Use the drawdown chart below to compare losses from any high point for XCEM and REVS.

Drawdown Indicators

	XCEM	REVS	Difference
Max Drawdown Largest peak-to-trough decline	-41.24%	-37.85%	-3.39%
Max Drawdown (1Y) Largest decline over 1 year	-14.46%	-6.94%	-7.52%
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	-16.37%	-2.55%
Max Drawdown (5Y) Largest decline over 5 years	-29.57%	-18.04%	-11.53%
Max Drawdown (10Y) Largest decline over 10 years	-41.24%	—	—
Current Drawdown Current decline from peak	-9.41%	-0.47%	-8.94%
Average Drawdown Average peak-to-trough decline	-8.56%	-4.60%	-3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	1.91%	+2.21%

Volatility

XCEM vs. REVS - Volatility Comparison

Columbia EM Core ex-China ETF (XCEM) has a higher volatility of 11.62% compared to Columbia Research Enhanced Value ETF (REVS) at 3.02%. This indicates that XCEM's price experiences larger fluctuations and is considered to be riskier than REVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCEM	REVS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.62%	3.02%	+8.60%
Volatility (6M) Calculated over the trailing 6-month period	23.61%	8.44%	+15.17%
Volatility (1Y) Calculated over the trailing 1-year period	25.20%	11.55%	+13.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.85%	14.88%	+3.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.96%	19.02%	+0.94%

XCEM vs. REVS - Expense Ratio Comparison

XCEM has a 0.16% expense ratio, which is lower than REVS's 0.19% 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%.

Dividends

XCEM vs. REVS - Dividend Comparison

XCEM's dividend yield for the trailing twelve months is around 2.51%, more than REVS's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REVS Columbia Research Enhanced Value ETF	1.85%	2.13%	1.89%	2.49%	2.46%	1.18%	27.75%	0.70%	0.00%	0.00%	0.00%	0.00%
XCEM Columbia EM Core ex-China ETF	2.51%	3.25%	2.76%	1.22%	2.42%	1.94%	1.63%	2.11%	2.70%	9.56%	1.24%	2.63%

Frequently Asked Questions

Can I hold both XCEM and REVS in my portfolio?

XCEM and REVS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XCEM or REVS?

XCEM has higher volatility (11.62%) compared to REVS (3.02%). In terms of maximum drawdown, XCEM dropped -41.24% vs REVS's -37.85%.

Which ETF is better, XCEM or REVS?

On 5-year performance, REVS leads with 12.19% vs 10.85% for XCEM. On fees, XCEM is cheaper at 0.16% per year. On volatility, REVS has been the lower-risk option at 3.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XCEM or REVS?

Over the 5-year period, REVS has performed better with a 12.19% return vs 10.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XCEM or REVS?

XCEM is cheaper with a 0.16% expense ratio, compared with 0.19% for REVS.

Which ETF pays a higher dividend yield, XCEM or REVS?

XCEM has the higher dividend yield at 2.51%, compared with 1.85% for REVS.

What is the main difference between XCEM and REVS?

XCEM is categorized as Emerging Markets Equities, while REVS is Large Cap Value Equities. XCEM tracks MSCI Emerging Markets ex China Index, while REVS tracks Beta Advantage Research Enhanced U.S. Value Index. Their fees differ too: 0.16% for XCEM and 0.19% for REVS.

Which has better risk-adjusted returns?

REVS currently has the higher Sharpe Ratio (2.15 vs 2.01), 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.