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Launched

Global X Emerging Markets ex-China ETF

EMMNYSE ArcaGlobal XC

$40.06+0.24 (+0.62%)

As of Nov 2, 2026, 3:59 PM ET

C53/ 100

Rank 3 of 9 in Emerging Markets Active Growth

C53/100Rank 3 of 9inEmerging Markets Active Growth
Intraday session: up, 79 prints from 39.82 to 40.06. Range 38.18 to 42.36. Use the arrow keys to read each point.38.0039.0041.0042.0010 AM12 PM2 PM4 PM
Expense ratio
0.66%
Fund size
$54M
1Y total return
+21.0%
Yield · Last 12 months
0.82%
Holdings
48
Avg volume · 30D
6.78K sh
52W range
low $31.63high $47.54
Launched

The ETF.net EMM Grade

C

Score 53 out of 100

Category
Emerging Markets Active Growth⁠
Rank
3 of 9
Six-pillar profile for EMM. Scores out of 100: Cost 68, Risk 43, Mission 100, Tradability 45, Holdings 26, Durability 77. Strongest: Mission (100). Weakest: Holdings (26). Leans toward Mission.

Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B68 out of 100
    Rank 3 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 2

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C43 out of 100
    Rank 7 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 out of 100
    Rank 5 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D26 out of 100
    Rank 9 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A77 out of 100
    Rank 2 of 9

Our read on EMM

ETF.net Research

In short

CEmerging markets with China cut out and no index to hide behind. Global X hands part of the stock picking to Mirae Asset's Hong Kong team, which runs a roughly 40-name book of would-be market leaders at a price below the active ex-China competition.

Stated mandate

The fund seeks long-term capital growth by actively selecting emerging-market companies outside China that may achieve or maintain dominant positions in their markets, with emphasis on early winners in growing industries.

Why people hold it

  • 0.66% expense ratio undercuts the active ex-China field, including PEMX at 0.70% and WCME at 0.95%.
  • Part of the stock picking sits with Mirae Asset Global Investments (Hong Kong), an Asia-based sub-adviser hunting early winners in growing industries.globalxetfs.com
  • Portfolio matches the label: roughly 40 emerging-market names, China excluded, picked for dominant positions in their markets rather than index weight.globalxetfs.com
  • Trading since 2010, with a real record behind it, and one of the stronger implementations among active ex-China peers.

Worth knowing

  • A smaller fund that trades lightly. Wider spreads come with the territory, and order type matters more here than in a giant EM index fund.
  • Roughly 40 active picks means results can drift well away from broad EM benchmarks, in either direction, and single names carry real weight.
  • Built for growth, not income: distributions land once or twice a year, and China's market is off the menu by design.

EMM Performance

Launched Sep 24, 2010

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
EMM$12,097
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. EMM $12,097. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EMM. Periods over one year show the average yearly return.
PeriodEMM
Year to date+16.9%
1 month−10.2%
3 months−2.9%
1 year+21.0%
3 yearsper year+20.4%
5 yearsHistory unavailableper yearNo data
10 yearsHistory unavailableper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EMM
YearReturn barEMM
2026 YTD+16.9%
2025+30.2%
2024+2.4%
2023+5.3%

History from May 16, 2023

EMM in the news

EMM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.82%Last 12 months
Payout per share
$0.33Last 12 months
Last payment
$0.12 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2023–2026

One bar per payment. 6 payments from 2023 to 2026 YTD. Dec 28, 2023 $0.17; Jun 27, 2024 $0.08; Dec 30, 2024 $0.13; Jun 27, 2025 $0.11; Dec 30, 2025 $0.20; Jun 29, 2026 $0.12. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jul 7, 2026$0.12
Dec 30, 2025Jan 7, 2026$0.20
Jun 27, 2025Jul 7, 2025$0.11
Dec 30, 2024Jan 7, 2025$0.13
Jun 27, 2024Jul 5, 2024$0.08
Dec 28, 2023Jan 8, 2024$0.17

$10,000 in EMM 3 years ago paid $334 in dividends.

EMM Risk

Risk pillarC43 out of 100Rank 7 of 9 in Emerging Markets Active Growth
How much the fund’s monthly returns vary, scaled to a year.
19.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.81
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.0%
41 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.18
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

EMM Cost

Compare EMM and FFEM

Overpaying vs FFEM, cheapest in Emerging Markets Active Growth

$1,079

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EMM 0.66%

    $12,896

  • FFEM 0.60% Cheapest

    $11,817

$10,000
30 years

Cost over time

  • EMM 0.66%
  • FFEM 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530EMM $12,896FFEM $11,817

Year by year

YearEMMFFEMOverpaying
10$1,180$1,076$104
20$4,504$4,116$388
30$12,896$11,817$1,079

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