ECON vs EMGF: Grades, Fees and Holdings Compared

Columbia Research Enhanced Emerging Economies ETF

ECONDNYSE Arca

iShares Emerging Markets Equity Factor ETF

EMGFACboe

Overlap

46.1%by weight

Expense ratio

EMGF −0.23pt a year

ECON0.49%EMGF0.26%

Avg volume · 30D

EMGF 6.3×the volume

ECON24.7KEMGF156K

10Y return · a year

EMGF +4.9pt

ECON+4.0%EMGF+8.9%

ECON vs EMGF Performance

Oct 29, 2021 – Oct 30, 2026

+35.9%ECON+53.9%EMGF

Expense ratio: ECON 0.49%; EMGF 0.26%, better
Fund size: ECON $294M; EMGF $1.79B
1Y total return: ECON +18.2%, better; EMGF +14.5%
Yield (12M): ECON 1.50%; EMGF 2.19%, better
Holdings: ECON 366; EMGF 740
Avg volume (30D): ECON 24.7K sh; EMGF 156K sh, better
NAV per share: ECON $32.72; EMGF $65.41
52W range

ETF.net Grade

Pillar letters and Scores for ECON, EMGF, with each pillar’s weight
Pillar	ECON	EMGF
Cost30% weight	D26	A92Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	C44Higher	C43
Tradability15% weight	D32	A94Higher
Holdings10% weight	B56Higher	C48
Durability5% weight	C51	A89Higher

Rank among Emerging Markets Multifactor funds

How we build Categories ›

Same Category. ECON and EMGF are both graded against the same 20 Emerging Markets Multifactor funds, so their Grades compare head to head.

Emerging Markets Multifactor⁠

Category · 20 funds

See all 20 ›

EMGF ranks 1st and ECON 16th of 20 funds in the Emerging Markets Multifactor Category.

Rank 1AEMGFiShares Emerging Markets Equity Factor ETFScore 76
Rank 2AAVESAvantis Emerging Markets Value ETFScore 71
Rank 15DEMMFWisdomTree Emerging Markets Multifactor FundScore 38
Rank 16DECONColumbia Research Enhanced Emerging Economies ETFScore 36
Rank 17DFEMSFirst Trust Emerging Markets Small Cap AlphaDEX FundScore 33

Our read on each fund

ETF.net Research

ECONDColumbia Research Enhanced Emerging Economies ETF

EMGFAiShares Emerging Markets Equity Factor ETF

In short

ECON A 2010-vintage emerging markets ticker with a second act: once a consumer-stocks portfolio, now a broad EM index fund that screens out the names Columbia's quant models rate poorly on quality, value and catalyst.

EMGF Emerging markets, sorted by factor screen instead of straight market cap. EMGF holds roughly 700 large- and mid-cap EM stocks picked for style-factor exposure, and charges 0.26% doing it, about half the multifactor EM norm.

Stated mandate

ECON The Fund is an index-based emerging-economies equity ETF seeking to track the performance of the Beta Advantage® Research Enhanced Solactive Emerging Economies Index.

EMGF EMGF seeks to follow an index of large- and mid-capitalization emerging-market stocks selected for favorable exposure to specified style factors, subject to constraints.

Why people hold it

ECON The index starts from a broad Solactive EM large- and mid-cap universe, then removes securities rated unfavorably on quality, value and catalyst factors.sec.gov columbiathreadneedleus.com
What survives is market-cap weighted with region, country and sector controls, leaving a core-shaped EM portfolio of a couple hundred stocks rather than a concentrated factor bet.columbiathreadneedleus.com
Costs 0.47% net of a waiver through July 31, 2027 (0.49% gross), near the median fee for emerging-markets multifactor funds.

EMGF 0.26% a year, versus a 0.48% median across multifactor EM funds. It undercuts AVES, JPEM, ROAM and QEMM on fee.
Roughly 700 large- and mid-cap names, so the factor tilts sit on a broad base rather than a handful of concentrated bets.
Running since 2015 as a billion-dollar-plus iShares fund, with steady enough volume for routine retail orders.
On cost and ease of trading, one of the stronger builds in the multifactor emerging-markets group.

Worth knowing

ECON The ticker dates to 2010, but the research-enhanced index mandate arrived in 2024. Earlier history belongs to an emerging-markets consumer portfolio.sec.gov
It trades thinly next to the EM heavyweights, which tends to mean wider bid-ask spreads.
Several factor peers in the group list lower fees: FDEM at 0.25%, EMGF at 0.26%, QEMM at 0.30%.

EMGF Factor tilts mean the portfolio can drift well away from a plain cap-weighted EM index, in either direction, for long stretches.ishares.com
Emerging-market equity carries currency swings and country-level political risk on top of normal stock risk. Volatility here sits at the rougher end of its peer group.ishares.com
Distributions land annually or semiannually, not monthly, so it is not built as an income drip.

Full ECON profile⁠

Full EMGF profile⁠

ECON vs EMGF Holdings

How ECON and EMGF differ

Overlap by weight

46.1%

Shared holdings make up 77.6% of ECON and 56.4% of EMGF.

Level by level

Holdings201 in both46.1%
Countryby domicile92.4%
Sector11 Sectors94.4%
Asset classEquity100%

Sector

Sector weights in ECON and EMGF, widest gap first
Sector	More in ECONMore in EMGF	ECON	EMGF
Financials	ECON +3.7 points	23.8%	20.1%
Consumer Discretionary	EMGF +2.5 points	5.9%	8.4%
Technology	ECON +1.4 points	41.5%	40.1%
Communication	EMGF +1.2 points	5.2%	6.4%
Industrials	EMGF +0.6 points	6.0%	6.6%
Consumer Staples	EMGF +0.6 points	2.8%	3.4%
Materials	EMGF +0.4 points	5.1%	5.5%
Health Care	ECON +0.4 points	3.3%	2.9%
Utilities	EMGF +0.3 points	1.8%	2.1%
Real Estate	ECON +0.2 points	1.0%	0.8%
Energy	Same weight	3.6%	3.6%

Country, concentration and asset class

Country by domicile

Country weights in ECON and EMGF, widest gap first
Country	More in ECONMore in EMGF	ECON	EMGF
South Korea	ECON +3.4 points	22.7%	19.3%
India	EMGF +2.5 points	11.2%	13.7%
South Africa	EMGF +1.6 points	4.5%	6.1%
Taiwan	EMGF +1.5 points	28.8%	30.3%
Poland	EMGF +1.3 points	0.0%	1.3%
Malaysia	ECON +1.2 points	1.2%	0.0%
United States	ECON +1.0 points	1.0%	0.0%
Indonesia	ECON +0.8 points	0.8%	0.0%
Other countries (9)	ECON +0.4 points	29.8%	29.4%

Outside the US: ECON 0% developed, 100% emerging. EMGF 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

ECON29.6%
EMGF30.5%

Securities held

ECON355
EMGF718

Asset class

ECON: Equity
EMGF: Equity

Holdings

Only in ECON154
In both201
Only in EMGF517

Only in ECON

154 securities, 21.7% of ECON by weight

Bharti Airtel Ltd1.22%
Larsen & Toubro Ltd0.71%
Mobile Telecommunications Co Kscp0.66%
Saudi National Bank/The0.60%
Infosys Ltd0.51%
Sun Pharmaceutical Industries Ltd0.47%
Emirates Telecommunications Group Co Pjsc0.44%
Lenovo Group Ltd0.36%
First Abu Dhabi Bank Pjsc0.35%
Hindalco Industries Ltd0.34%
Maruti Suzuki India Ltd0.33%
Tata Steel Ltd0.32%
Absa Group Ltd0.32%
Adani Ports & Special Economic Zone Ltd0.31%
Grupo Cibest SA0.30%
Cemex Sab De Cv0.28%
Tvs Motor Co Ltd0.28%
Malayan Banking Bhd0.27%
Interglobe Aviation Ltd0.27%
Eicher Motors Ltd0.26%
Jsw Steel Ltd0.25%
Evergreen Marine Corp Taiwan Ltd0.25%
Itc Ltd0.24%
Dr Reddy's Laboratories Ltd0.24%
Tata Consultancy Services Ltd0.24%
Hindustan Aeronautics Ltd0.24%
Oil & Natural Gas Corp Ltd0.23%
Cummins India Ltd0.23%
Qatar Islamic Bank Qpsc0.23%
Bank Rakyat Indonesia Persero Tbk Pt0.22%
Tata Motors Ltd /New0.22%
Coal India Ltd0.22%
China Resources Land Ltd0.21%
Abu Dhabi Commercial Bank Pjsc0.21%
Anta Sports Products Ltd0.21%
Telekom Malaysia Bhd0.20%
Grupo Aeroportuario Del Pacifico Sab De Cv0.20%
Hero Motocorp Ltd0.20%
Hcl Technologies Ltd0.20%
H World Group Ltd0.19%
Citic Ltd0.19%
Bharat Petroleum Corp Ltd0.19%
Tenaga Nasional Bhd0.18%
Tech Mahindra Ltd0.18%
Torrent Pharmaceuticals Ltd0.18%
Lupin Ltd0.18%
Bank Mandiri Persero Tbk Pt0.17%
Ke Holdings Inc0.17%
Cp All Pcl0.17%
Midea Group Co Ltd0.17%

Only in EMGF

517 securities, 43.2% of EMGF by weight

Tencent Holdings2.51%
Alibaba Group Holding1.82%
Samsung Electronics Non Voting Pre0.66%
Icici Bank0.64%
Reliance Industries Ltd0.53%
Petroleo Brasileiro SA Petrobras0.47%
Infosys0.46%
Hdfc Bank0.45%
Tata Consultancy Services Ltd0.44%
Nan Ya Plastics Corp0.43%
Taiwan Cooperative Financial Holdi0.41%
Nu Holdings Class A0.35%
Bharti Airtel Ltd0.35%
Mahindra and Mahindra Ltd0.34%
Xiaomi0.34%
Hyundai Motor0.32%
Boc Hong Kong Holdings Ltd0.32%
Unimicron Technology0.32%
Meituan0.31%
Emirates Integrated Telecommunicat0.29%
Larsen and Toubro Ltd0.28%
Anglogold Ashanti PLC0.27%
Coca-Cola Femsa Class Ubl Units0.27%
Indian Railway Finance Corp Ltd0.27%
Lupin0.25%
Nanya Technology Corp0.24%
Ooredoo0.24%
Kuwait Finance House0.24%
Titan Company Ltd0.24%
KT&G Corp0.23%
Bharat Electronics Ltd0.22%
Jd.com Class A0.22%
Sal Saudi Logistics Service Co0.21%
Cummins India Ltd0.21%
Saudi Energy0.21%
Hcl Technologies Ltd0.21%
Komercni Bank0.21%
Lpp SA0.21%
Krung Thai Bank Public Non-Voting0.21%
Emaar Development0.20%
Otp Bank0.20%
Hindustan Aeronautics Ltd0.20%
Grupo Cibest SA0.19%
Hindalco Industries Ltd0.19%
Exxaro Resources0.19%
Hindustan Zinc Ltd0.19%
Warbabank0.19%
United Integrated Services0.19%
Winbond Electronics0.19%
Wipro0.18%

Weight gaps

The 100 widest of 201 Holdings in both funds.

Holding weights in ECON and EMGF, widest gap first
Holding	More in ECONMore in EMGF	ECON	EMGF
Taiwan Semiconductor Manufacturing Co Ltd	EMGF +5.31 points	5.02%	10.33%
Sk Hynix Inc	ECON +2.62 points	7.05%	4.43%
Mediatek Inc	ECON +1.55 points	3.14%	1.59%
Hon Hai Precision Industry Co Ltd	ECON +0.88 points	1.68%	0.80%
Foxconn Industrial Internet Co Ltd	ECON +0.86 points	0.88%	0.02%
Samsung Electronics Co Ltd	EMGF +0.85 points	5.31%	6.16%
Delta Electronics Inc	ECON +0.82 points	1.55%	0.73%
China Construction Bank Corp	ECON +0.81 points	2.02%	1.21%
Ase Technology Holding Co Ltd	ECON +0.75 points	1.42%	0.67%
Kweichow Moutai Co Ltd	ECON +0.74 points	0.94%	0.20%
Petroleo Brasileiro SA - Petrobras	ECON +0.62 points	0.71%	0.09%
Pdd Holdings IncPDD	ECON +0.59 points	1.15%	0.56%
Kgi Financial Holding Co Ltd	ECON +0.52 points	0.69%	0.17%
Itau Unibanco Holding SA	ECON +0.53 points	0.71%	0.18%
Sk Square Co Ltd	ECON +0.52 points	1.05%	0.53%
China Yangtze Power Co Ltd	ECON +0.48 points	0.49%	0.01%
Samsung Electro-Mechanics Co Ltd	ECON +0.45 points	0.88%	0.43%
Elite Material Co Ltd	ECON +0.42 points	0.82%	0.40%
United Microelectronics Corp	ECON +0.41 points	0.77%	0.36%
Trip.com Group Ltd	ECON +0.40 points	0.44%	0.04%
Firstrand Ltd	ECON +0.38 points	0.48%	0.10%
Petrochina Co Ltd	ECON +0.38 points	0.52%	0.14%
Ctbc Financial Holding Co Ltd	ECON +0.35 points	0.86%	0.51%
Qatar National Bank Qpsc	ECON +0.35 points	0.38%	0.03%
Woori Financial Group Inc	ECON +0.34 points	0.39%	0.05%
Grupo Financiero Banorte Sab De Cv	ECON +0.34 points	0.51%	0.17%
Ping An Insurance Group Co of China Ltd	ECON +0.33 points	0.69%	0.36%
Celltrion Inc	ECON +0.31 points	0.37%	0.06%
Public Bank Bhd	ECON +0.31 points	0.35%	0.04%
Novatek Microelectronics Corp	EMGF +0.30 points	0.10%	0.40%
Al Rajhi Bank	ECON +0.31 points	0.45%	0.14%
Netease Inc	ECON +0.29 points	0.74%	0.45%
Standard Bank Group Ltd	ECON +0.30 points	0.44%	0.14%
Beone Medicines Ltd	ECON +0.30 points	0.50%	0.20%
Sinopac Financial Holdings Co Ltd	ECON +0.29 points	0.53%	0.24%
Capitec Limited	ECON +0.29 points	0.46%	0.17%
Grupo Mexico Sab De Cv	ECON +0.29 points	0.59%	0.30%
Banco Bradesco SA	ECON +0.28 points	0.29%	0.01%
Fubon Financial Holding Co Ltd	EMGF +0.28 points	0.35%	0.63%
Kb Financial Group Inc	ECON +0.27 points	0.66%	0.39%
Asia Vital Components Co Ltd	ECON +0.26 points	0.58%	0.32%
China Merchants Bank Co Ltd	ECON +0.26 points	0.40%	0.14%
Ptt Pcl	ECON +0.25 points	0.33%	0.08%
Largan Precision Co Ltd	ECON +0.25 points	0.39%	0.14%
China Shenhua Energy Co Ltd	ECON +0.25 points	0.34%	0.09%
Wuxi Biologics Cayman Inc	ECON +0.24 points	0.37%	0.13%
International Games System Co Ltd	EMGF +0.24 points	0.06%	0.30%
Yuanta Financial Holding Co Ltd	ECON +0.23 points	0.70%	0.47%
Industrial Bank Co Ltd	ECON +0.23 points	0.30%	0.07%
Zhongji Innolight Co Ltd	ECON +0.22 points	0.27%	0.05%
Mega Financial Holding Co Ltd	EMGF +0.23 points	0.03%	0.26%
Ge Vernova T&D India Ltd	EMGF +0.22 points	0.06%	0.28%
Industrial & Commercial Bank of China Ltd	ECON +0.22 points	1.09%	0.87%
Uni-President Enterprises Corp	ECON +0.22 points	0.31%	0.09%
Hua Nan Financial Holdings Co Ltd	ECON +0.22 points	0.40%	0.18%
Zijin Mining Group Co Ltd	ECON +0.20 points	0.33%	0.13%
Hygon Information Technology Co Ltd	ECON +0.20 points	0.22%	0.02%
Agricultural Bank of China Ltd	ECON +0.20 points	0.41%	0.21%
America Movil Sab De Cv	EMGF +0.20 points	0.04%	0.24%
Jentech Precision Industrial Co Ltd	ECON +0.20 points	0.39%	0.19%
East Money Information Co Ltd	ECON +0.20 points	0.22%	0.02%
Shanghai Pudong Development Bank Co Ltd	ECON +0.19 points	0.21%	0.02%
E.sun Financial Holding Co Ltd	ECON +0.18 points	0.52%	0.34%
Naver Corp	ECON +0.18 points	0.32%	0.14%
Banque Saudi Fransi	ECON +0.18 points	0.23%	0.05%
Kia Corp	ECON +0.18 points	0.37%	0.19%
King Slide Works Co Ltd	ECON +0.17 points	0.40%	0.23%
Vale SA	ECON +0.17 points	0.62%	0.45%
Aselsan Elektronik Sanayi Ve Ticaret As	ECON +0.17 points	0.21%	0.04%
Accton Technology Corp	ECON +0.17 points	0.49%	0.32%
Piraeus Bank SA	EMGF +0.17 points	0.01%	0.18%
Hana Financial Group Inc	ECON +0.17 points	0.49%	0.32%
Mol Hungarian Oil & Gas PLC	ECON +0.17 points	0.29%	0.12%
Lite-On Technology Corp	ECON +0.17 points	0.37%	0.20%
China Life Insurance Co Ltd	ECON +0.17 points	0.38%	0.21%
National Bank of Greece SA	ECON +0.17 points	0.41%	0.24%
Samsung Fire & Marine Insurance Co Ltd	ECON +0.17 points	0.30%	0.13%
Asustek Computer Inc	ECON +0.17 points	0.42%	0.25%
Postal Savings Bank of China Co Ltd	EMGF +0.17 points	0.03%	0.20%
Huatai Securities Co Ltd	EMGF +0.16 points	0.02%	0.18%
First Financial Holding Co Ltd	ECON +0.16 points	0.43%	0.27%
Shinhan Financial Group Co Ltd	ECON +0.16 points	0.51%	0.35%
Cez As	ECON +0.15 points	0.28%	0.13%
Picc Property & Casualty Co Ltd	ECON +0.15 points	0.24%	0.09%
Samsung C&T Corp	ECON +0.14 points	0.32%	0.18%
Gold Fields Ltd	ECON +0.14 points	0.31%	0.17%
Naura Technology Group Co Ltd	ECON +0.14 points	0.18%	0.04%
Embraer SA	ECON +0.14 points	0.21%	0.07%
Yageo Corp	ECON +0.14 points	0.37%	0.23%
Hyundai Mobis Co Ltd	ECON +0.13 points	0.31%	0.18%
Delta Electronics Thailand Pcl	ECON +0.13 points	0.40%	0.27%
Zto Express Cayman Inc	ECON +0.13 points	0.17%	0.04%
Pharmaessentia Corp	ECON +0.13 points	0.14%	0.01%
Fomento Economico Mexicano Sab De Cv	EMGF +0.12 points	0.12%	0.24%
Chroma Ate Inc	ECON +0.12 points	0.37%	0.25%
International Container Terminal Services IncICTEF	EMGF +0.12 points	0.08%	0.20%
Lg Electronics Inc	ECON +0.12 points	0.20%	0.08%
Samsung Heavy Industries Co Ltd	ECON +0.11 points	0.15%	0.04%
Hotai Motor Co Ltd	ECON +0.11 points	0.20%	0.09%
Kuaishou Technology	ECON +0.11 points	0.19%	0.08%

All 211 ECON holdings⁠All 715 EMGF holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ECON vs EMGF Cost

Overpaying ECON vs EMGF

$4,434

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

ECON 0.49%
$9,792
EMGF 0.26%
$5,358

Amount$10,000

Years30 years

Cost over time

ECON 0.49%
EMGF 0.26%
Overpaying

Year by year

Year	ECON	EMGF	Overpaying
10	$883	$473	$410
20	$3,394	$1,838	$1,556
30	$9,792	$5,358	$4,434

Expense ratio

0.49%ECON
0.26%EMGF, cheaper

EMGF0.26%ECON0.49%

0.18%0.80%

Middle half of Emerging Markets Multifactor funds
Median 0.44%

EMGF 3rd cheapest of 20 funds

ECON 14th cheapest of 20 funds

ECON vs EMGF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ECON 1.50%; EMGF 2.19%, better
Payout (12M): ECON $0.48; EMGF $1.44
Last payment: ECON $0.48; EMGF $0.61
Ex-dividend: ECON Dec 18, 2025; EMGF Jun 15, 2026
Paid on: ECON Dec 26, 2025; EMGF Jun 18, 2026
Frequency: ECON Annual; EMGF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ECONAnnual · 9 paymentsAll ECON payments⁠

EMGFTwice a year · 21 paymentsAll EMGF payments⁠

ECON vs EMGF Risk

Fall from peak · 5 years

ECON
EMGF

Risk facts

VolatilityStd dev, 3 years: ECON 17.5%EMGF 16.3%, better
Return per unit of riskSharpe ratio, 3 years: ECON 0.87EMGF 1.09, better
Worst fallMax drawdown, 5 years: ECON −33.8%EMGF −27.1%, better
Market sensitivityBeta, 5 years: ECON 1.12EMGF 1.02; Market = 1

Popular comparisons

ECONDvsAVESA
Columbia Research Enhanced Emerging Economies ETF · Avantis Emerging Markets Value ETF
Expense ratio
0.49% · 0.36%
Category
EMGFAvsAVESA
iShares Emerging Markets Equity Factor ETF · Avantis Emerging Markets Value ETF
Expense ratio
0.26% · 0.36%
Category
ECONDvsFDEMA
Columbia Research Enhanced Emerging Economies ETF · Fidelity Emerging Markets Multifactor ETF
Expense ratio
0.49% · 0.25%
Category
EMGFAvsFDEMA
iShares Emerging Markets Equity Factor ETF · Fidelity Emerging Markets Multifactor ETF
Expense ratio
0.26% · 0.25%
Category
ECONDvsQEMMB
Columbia Research Enhanced Emerging Economies ETF · State Street SPDR MSCI Emerging Markets StrategicFactors ETF
Expense ratio
0.49% · 0.30%
Category
EMGFAvsQEMMB
iShares Emerging Markets Equity Factor ETF · State Street SPDR MSCI Emerging Markets StrategicFactors ETF
Expense ratio
0.26% · 0.30%
Category