EEM vs EMMF
iShares MSCI Emerging Markets ETF vs WisdomTree Emerging Markets Multifactor Fund
Which is better, EEM or EMMF?
Each has led over a different period.
EMMF has a lower expense ratio. EEM led over 1Y and 3Y, EMMF over 5Y and the full window. 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 39.4%.
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 | EEM | EMMF |
|---|---|---|
| Expense Ratio | 0.72% | 0.48%Best |
| AUM | $30.4B | $181M |
| Dividend Yield | 1.67% | 1.89% |
| Holdings | 1,224 | 245 |
| YTD Return | +15.09% | +15.74%Best |
| 1Y Return | +23.94%Best | +23.28% |
| 3Y Return (annualized) | +21.98%Best | +18.89% |
| 5Y Return (annualized) | +7.13% | +9.94%Best |
| Volatility (annualized) | 18.0% | 14.2%Best |
| Max Drawdown | -39.8% | -34.9%Best |
| $10,000 over 5 years | $14,111 | $16,061Best |
| Top 10 Weight | 39.4% | 29.5%Best |
| Fund Family | iShares by BlackRock (US) | WisdomTree Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 7, 2003 | 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).
EEM 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.
EEM vs EMMF Performance
iShares MSCI Emerging Markets ETF (EEM) is an ETF from iShares by BlackRock (US) and WisdomTree Emerging Markets Multifactor Fund (EMMF) is an ETF from WisdomTree Investments. Over the past year EEM returned +23.94% while EMMF returned +23.28%. Year to date, EEM is up 15.09% versus a gain of 15.74% for EMMF.
Over three years, EEM compounded at +21.98% per year against +18.89% for EMMF; over five years the annualized figures are +7.13% and +9.94% respectively. Across the full 8-year window we track, EMMF has the edge at +6.67% annualized vs +6.58%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EEM has been the more volatile fund, with annualized monthly volatility of 18.0% 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 -39.8% for EEM 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
EEM charges 0.72% per year while EMMF charges 0.48%. On a $10,000 position that is $72 vs $48 annually, a gap of $24 per year that compounds over a long holding period. On income, EEM currently yields 1.67% against 1.89% for EMMF.
Holdings Overlap
22.2% of EEM's money is in holdings EMMF also owns. 51.1% of EMMF's money is in holdings EEM also owns.
The two portfolios partly overlap.
109 positions in common, counted across the 1,162 positions we hold weights for in EEM and 209 in EMMF, against full books of 1,224 and 245.
Top Shared Holdings
| Stock | Weight in EEM | Weight in EMMF | Difference |
|---|---|---|---|
| 000660:KRSk Hynix | 6.03% | 5.53% | 0.50% |
| 9988:HKAlibaba Group Holding Limited Ordinary Shares | 1.84% | 1.89% | 0.05% |
| 2454:TWMediatek Inc Common Stock TWD10.0 | 1.82% | 1.19% | 0.63% |
| 2308:TWDelta Electronics Inc | 0.94% | 0.76% | 0.18% |
| 2059:TWKing Slide Works Co Ltd | 0.17% | 1.46% | 1.29% |
| 005380:KRHyundai Motor Co | 0.28% | 1.14% | 0.86% |
| 2383:TWElite Material Co Ltd | 0.36% | 0.93% | 0.57% |
| 3017:TWAsia Vital Components Co Ltd | 0.29% | 0.98% | 0.69% |
| 1398:HKIndustrial And Commercial Bank Of China Ltd Class H | 0.52% | 0.72% | 0.20% |
| 3653:TWJentech Precision Industrial Co Ltd | 0.15% | 1.01% | 0.86% |
51.1% of EMMF is already inside EEM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, EEM or EMMF?
EEM has an expense ratio of 0.72% while EMMF charges 0.48%. EMMF is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, EEM or EMMF?
Over the past year EEM returned +23.94% vs +23.28% for EMMF, so EEM leads on 1-year performance. Over the longest common window we track (8 years), EEM annualized +6.58% vs +6.67% for EMMF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EEM or EMMF?
EEM has been the more volatile fund at 18.0% annualized versus 14.2% for EMMF. Worst drawdown: EEM -39.8% vs EMMF -34.9%.
Should I hold both EEM and EMMF?
EEM 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 EEM and EMMF?
51.1% of EMMF's money is in holdings EEM also owns. 51.1% of EMMF's is in holdings EEM also owns. They hold 109 positions in common, counted across the 1,162 positions we hold weights for in EEM and 209 in EMMF.
Which pays a higher dividend, EEM or EMMF?
EEM yields 1.67% while EMMF yields 1.89%, so EMMF currently pays the higher dividend yield.
Is EMMF better than EEM?
EMMF has a lower expense ratio. EEM led over 1Y and 3Y, EMMF over 5Y and the full window. 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 39.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.