Global X - Emerging Markets ex-China ETF
$43.33−0.47 (−1.08%)
- 0.66%
- $59M
- +41.8%
- 0.75%
- 0M sh
- $44.40
- low $31.63high $47.54
The ETF.net EMM Grade
C
Score 54 out of 100
- 3 of 9
Score 54 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.B69 out of 100Rank 3 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 2Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 6 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 5 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D25 out of 100Rank 9 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A81 out of 100Rank 1 of 9
Our read on EMM
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.
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 Holdings
- Stocks
- 46
- 66%
- 2330.TW
Sectors
- Technology47.9%
- Financials21.2%
- Industrials9.8%
- Energy4.7%
- Materials3.9%
- Consumer Staples3.2%
- Consumer Discretionary2.7%
- Real Estate2.2%
- Communication1.8%
- Health Care1.3%
- Utilities1.3%
Geography
- Taiwan35.91%
- South Korea24.32%
- United States23.66%
- Mexico2.99%
- South Africa2.89%
- Saudi Arabia2.75%
- United Arab Emirates1.63%
- Greece0.96%
- 4.88%
Developed 2% · Emerging 98%
EMM Performance
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$14,176
Returns run to the Oct 12, 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.
| Period | EMM |
|---|---|
| Year to date | +28.0% |
| 1 month | −3.2% |
| 3 months | 0.0% |
| 1 year | +41.8% |
| 3 years | +22.4% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EMM |
|---|---|---|
| 2026 YTD | +28.0% | |
| 2025 | +30.2% | |
| 2024 | +2.4% | |
| 2023 | +5.3% |
EMM in the news
EMM Dividends
- 0.75%
- $0.33
- $0.12 per share
- Twice a year
Distribution history
EMM Risk
- 18.9%
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.
- 0.96
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.
- −22.0%
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.
- 1.18
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EMM Cost
0.66%
EMM0.66%
- The middle half of Emerging Markets Active Growth funds
- Median 0.79%
2 of the 9 Emerging Markets Active Growth funds charge less.
Other funds in Emerging Markets Active Growth
- ACGNGCapital Group New Geography Equity ETFExpense ratio 0.64%1 year return +20.5%
- AFFEMFidelity Covington Trust - Fidelity Fundamental Emerging Markets ETFExpense ratio 0.60%1 year return +36.3%
- CPEMXPutnam Emerging Markets Ex-China ETFExpense ratio 0.71%1 year return +46.3%
- CBCEMBaron Emerging Markets Select ETFExpense ratio 0.80%1 year return —
- CWCMEFirst Trust WCM Developing World Equity ETFExpense ratio 0.95%1 year return +16.4%