ZEMIX vs. XEC.TO
Compare and contrast key facts about Ninety One Emerging Markets Equity Fund (ZEMIX) and iShares Core MSCI Emerging Markets IMI Index ETF (XEC.TO).
ZEMIX is managed by Ninety One. It was launched on Nov 27, 2018. XEC.TO is a passively managed fund by iShares that tracks the performance of the Morningstar EM GR CAD. It was launched on Apr 10, 2013.
Performance
ZEMIX vs. XEC.TO - Performance Comparison
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ZEMIX vs. XEC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZEMIX Ninety One Emerging Markets Equity Fund | 2.82% | 36.71% | 11.16% | 10.49% | -23.11% | -0.74% | 14.67% | 20.51% | -3.95% |
XEC.TO iShares Core MSCI Emerging Markets IMI Index ETF | 3.74% | 31.81% | 6.97% | 10.38% | -20.39% | -1.02% | 17.38% | 17.10% | -4.41% |
Different Trading Currencies
ZEMIX is traded in USD, while XEC.TO is traded in CAD. To make them comparable, the XEC.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZEMIX achieves a 2.82% return, which is significantly lower than XEC.TO's 3.74% return.
ZEMIX
- 1D
- -0.16%
- 1M
- -12.41%
- YTD
- 2.82%
- 6M
- 7.87%
- 1Y
- 36.21%
- 3Y*
- 17.96%
- 5Y*
- 4.89%
- 10Y*
- —
XEC.TO
- 1D
- 3.08%
- 1M
- -8.90%
- YTD
- 3.74%
- 6M
- 7.70%
- 1Y
- 33.33%
- 3Y*
- 15.73%
- 5Y*
- 3.95%
- 10Y*
- 7.71%
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ZEMIX vs. XEC.TO - Expense Ratio Comparison
ZEMIX has a 0.85% expense ratio, which is higher than XEC.TO's 0.28% expense ratio.
Return for Risk
ZEMIX vs. XEC.TO — Risk / Return Rank
ZEMIX
XEC.TO
ZEMIX vs. XEC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ninety One Emerging Markets Equity Fund (ZEMIX) and iShares Core MSCI Emerging Markets IMI Index ETF (XEC.TO). 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.
| ZEMIX | XEC.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 1.68 | +0.29 |
Sortino ratioReturn per unit of downside risk | 2.50 | 2.28 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.33 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.55 | -0.06 |
Martin ratioReturn relative to average drawdown | 9.30 | 9.56 | -0.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZEMIX | XEC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 1.68 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.22 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.25 | +0.17 |
Correlation
The correlation between ZEMIX and XEC.TO is 0.78, 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.
Dividends
ZEMIX vs. XEC.TO - Dividend Comparison
ZEMIX's dividend yield for the trailing twelve months is around 16.36%, more than XEC.TO's 1.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZEMIX Ninety One Emerging Markets Equity Fund | 16.36% | 16.82% | 0.00% | 2.28% | 1.22% | 8.23% | 1.08% | 2.74% | 0.16% | 0.00% | 0.00% | 0.00% |
XEC.TO iShares Core MSCI Emerging Markets IMI Index ETF | 1.83% | 1.92% | 2.03% | 2.16% | 2.28% | 2.78% | 1.64% | 2.87% | 2.66% | 2.13% | 1.80% | 2.19% |
Drawdowns
ZEMIX vs. XEC.TO - Drawdown Comparison
The maximum ZEMIX drawdown since its inception was -40.26%, roughly equal to the maximum XEC.TO drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for ZEMIX and XEC.TO.
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Drawdown Indicators
| ZEMIX | XEC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.26% | -32.54% | -7.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -12.55% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -37.92% | -29.14% | -8.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.54% | — |
Current DrawdownCurrent decline from peak | -13.12% | -8.54% | -4.58% |
Average DrawdownAverage peak-to-trough decline | -14.71% | -9.67% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 3.55% | -0.05% |
Volatility
ZEMIX vs. XEC.TO - Volatility Comparison
The current volatility for Ninety One Emerging Markets Equity Fund (ZEMIX) is 7.95%, while iShares Core MSCI Emerging Markets IMI Index ETF (XEC.TO) has a volatility of 10.24%. This indicates that ZEMIX experiences smaller price fluctuations and is considered to be less risky than XEC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZEMIX | XEC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.95% | 10.24% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 14.32% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.91% | 19.97% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 18.01% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 20.00% | -1.12% |