DBEM vs EMMF
Xtrackers MSCI Emerging Markets Hedged Equity ETF vs WisdomTree Emerging Markets Multifactor Fund
Which is better, DBEM or EMMF?
Each has led over a different period.
EMMF has a lower expense ratio. DBEM led over 1Y, 3Y and the full window, EMMF over 5Y. The two have moved almost in lockstep, correlation 0.92. EMMF is less concentrated, with 29.5% of the fund in its ten largest positions against 38.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DBEM | EMMF |
|---|---|---|
| Expense Ratio | 0.66% | 0.48%Best |
| AUM | $108M | $181M |
| Dividend Yield | 2.14% | 1.89% |
| Holdings | 2,304 | 245 |
| YTD Return | +16.22%Best | +15.74% |
| 1Y Return | +25.31%Best | +23.28% |
| 3Y Return (annualized) | +22.07%Best | +18.89% |
| 5Y Return (annualized) | +8.80% | +9.94%Best |
| Volatility (annualized) | 15.3% | 14.2%Best |
| Max Drawdown | -33.5%Best | -34.9% |
| $10,000 over 5 years | $15,246 | $16,061Best |
| Top 10 Weight | 38.4% | 29.5%Best |
| Fund Family | Xtrackers ETFs | WisdomTree Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 9, 2011 | Aug 10, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Aug 10, 2018 to Oct 14, 2026 (8.2 years).
DBEM vs EMMF growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.2 years both funds cover.
DBEM vs EMMF Performance
Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) is an ETF from Xtrackers ETFs and WisdomTree Emerging Markets Multifactor Fund (EMMF) is an ETF from WisdomTree Investments. Over the past year DBEM returned +25.31% while EMMF returned +23.28%. Year to date, DBEM is up 16.22% versus a gain of 15.74% for EMMF.
Over three years, DBEM compounded at +22.07% per year against +18.89% for EMMF; over five years the annualized figures are +8.80% and +9.94% respectively. Across the full 8-year window we track, DBEM has the edge at +7.66% annualized vs +6.67%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DBEM has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.2% for EMMF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.5% for DBEM and -34.9% for EMMF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DBEM charges 0.66% per year while EMMF charges 0.48%. On a $10,000 position that is $66 vs $48 annually, a gap of $18 per year that compounds over a long holding period. On income, DBEM currently yields 2.14% against 1.89% for EMMF.
Holdings Overlap
35.8% of DBEM's money is in holdings EMMF also owns. 70.1% of EMMF's money is in holdings DBEM also owns.
Most of EMMF is already inside DBEM. Owning both mostly buys the same companies twice.
150 positions in common, counted across the 1,136 positions we hold weights for in DBEM and 209 in EMMF, against full books of 2,304 and 245.
What only one of them owns
Our book lists 9 positions for EMMF that do not appear in our book for DBEM (14.3% of the fund), and 6 for DBEM that do not appear in EMMF (1.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DBEM | Weight in EMMF | Difference |
|---|---|---|---|
| 005930:KRSamsung Electronics Co Ltd | 7.41% | 4.77% | 2.64% |
| 000660:KRSk Hynix | 5.62% | 5.53% | 0.09% |
| 0700:KYTencent Holdings Ltd Ordinary Shares | 2.61% | 2.43% | 0.18% |
| 9988:HKAlibaba Group Holding Limited Ordinary Shares | 1.74% | 1.89% | 0.15% |
| 2454:TWMediatek Inc Common Stock TWD10.0 | 1.74% | 1.19% | 0.55% |
| 2308:TWDelta Electronics Inc | 0.96% | 0.76% | 0.20% |
| 2059:TWKing Slide Works Co Ltd | 0.17% | 1.46% | 1.29% |
| 0939:HKChina Construction Bank Corp Ord Hkd1 Cl H | 0.82% | 0.58% | 0.24% |
| 005380:KRHyundai Motor Co | 0.26% | 1.14% | 0.88% |
| 2383:TWElite Material Co Ltd | 0.43% | 0.93% | 0.50% |
70.1% of EMMF is already inside DBEM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DBEM or EMMF?
DBEM has an expense ratio of 0.66% while EMMF charges 0.48%. EMMF is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, DBEM or EMMF?
Over the past year DBEM returned +25.31% vs +23.28% for EMMF, so DBEM leads on 1-year performance. Over the longest common window we track (8 years), DBEM annualized +7.66% vs +6.67% for EMMF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DBEM or EMMF?
DBEM has been the more volatile fund at 15.3% annualized versus 14.2% for EMMF. Worst drawdown: DBEM -33.5% vs EMMF -34.9%.
Should I hold both DBEM and EMMF?
DBEM and EMMF have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DBEM and EMMF?
70.1% of EMMF's money is in holdings DBEM also owns. 70.1% of EMMF's is in holdings DBEM also owns. They hold 150 positions in common, counted across the 1,136 positions we hold weights for in DBEM and 209 in EMMF.
Which pays a higher dividend, DBEM or EMMF?
DBEM yields 2.14% while EMMF yields 1.89%, so DBEM currently pays the higher dividend yield.
Is EMMF better than DBEM?
EMMF has a lower expense ratio. DBEM led over 1Y, 3Y and the full window, EMMF over 5Y. The two have moved almost in lockstep, correlation 0.92. EMMF is less concentrated, with 29.5% of the fund in its ten largest positions against 38.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.