EMCR vs FRDM: Grades, Fees and Holdings Compared

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF

EMCRANYSE Arca

Freedom 100 Emerging Markets ETF

FRDMCCboe

Overlap

18.5%by weight

Expense ratio

EMCR −0.34pt a year

EMCR0.15%FRDM0.49%

Avg volume · 30D

FRDM 116.8×the volume

EMCR2.5KFRDM292K

5Y return · a year

FRDM +9.0pt

EMCR+6.7%FRDM+15.7%

EMCR vs FRDM Performance

Nov 9, 2021 – Nov 9, 2026

+38.3%EMCR+107.4%FRDM

Expense ratio: EMCR 0.15%, better; FRDM 0.49%
Fund size: EMCR $54M; FRDM $3.11B
1Y total return: EMCR +10.0%; FRDM +32.8%, better
Yield (12M): EMCR 1.61%; FRDM 1.91%, better
Holdings: EMCR 1526; FRDM 135
Avg volume (30D): EMCR 2.5K sh; FRDM 292K sh, better
NAV per share: EMCR $38.82; FRDM $60.50
52W range

ETF.net Grade

Pillar letters and Scores for EMCR, FRDM, with each pillar’s weight
Pillar	EMCR	FRDM
Cost30% weight	A84Higher	D28
Mission25% weight	A100Higher	A93
Risk15% weight	B58Higher	D33
Tradability15% weight	D35	B61Higher
Holdings10% weight	B69Higher	D33
Durability5% weight	C52	B69Higher

Rank among Emerging Markets ESG & Values Index funds

How we build Categories ›

Same Category. EMCR and FRDM are both graded against the same 12 Emerging Markets ESG & Values Index funds, so their Grades compare head to head.

Emerging Markets ESG & Values Index⁠

Category · 12 funds

See all 12 ›

EMCR ranks 3rd and FRDM 9th of 12 funds in the Emerging Markets ESG & Values Index Category.

Rank 1AEMXFiShares ESG Advanced MSCI EM ETFScore 79
Rank 2AESGEiShares ESG Aware MSCI EM ETFScore 76
Rank 3AEMCRXtrackers Emerging Markets Carbon Reduction and Climate Improvers ETFScore 73
Rank 3AEMCSXtrackers MSCI Emerging Markets Climate Selection ETFScore 73
Rank 8BNUEMNuveen ESG Emerging Markets Equity ETFScore 62
Rank 9CFRDMFreedom 100 Emerging Markets ETFScore 52
Rank 10CEFFEHarbor Osmosis Emerging Markets Resource Efficient ETFScore 47

Our read on each fund

ETF.net Research

EMCRAXtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF

FRDMCFreedom 100 Emerging Markets ETF

In short

EMCR A carbon-tilted way to own emerging markets wholesale: roughly 1,400 stocks screened for climate commitments, at 0.15% a year when the typical EM fund in its group charges more than triple that.

FRDM Most emerging-markets funds buy the whole market and move on. FRDM tracks the Life + Liberty Freedom 100 Emerging Markets Index instead: a passive, rules-based screen that lands on roughly 100 stocks.

Stated mandate

EMCR The fund seeks to track the performance of the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index NTR before fees and expenses.

FRDM The Fund seeks to track, before fees and expenses, the total return of the Life + Liberty Freedom 100 Emerging Markets Index using a passive indexing approach.

Why people hold it

EMCR Charges 0.15% a year against a 0.49% median for its emerging-market peer group, one of the cheapest tickets in the category.
Roughly 1,400 names spread across emerging markets, so no single stock or country call carries the portfolio.
The mandate is explicit: passive tracking of the Solactive ISS EM Carbon Reduction & Climate Improvers index, with the climate and ESG rules written into the prospectus.
Undercuts the cohort's better-known tilts on fee: FNDE at 0.39% and XSOE at 0.32%, with EMCR priced under both.

FRDM Not the cap-weighted default. A passive index build that ends at about 100 emerging-markets stocks, so the screen actually shapes what you own.
Trading since 2019 and now a multi-billion-dollar fund, so this is an idea with an operating history behind it, not a launch-week pitch.
Stays in its lane: a 1940 Act fund holding emerging-markets equity, closely matching the index it names in its prospectus. Distributions come quarterly.

Worth knowing

EMCR Thinly traded next to the category's giants, so bid-ask spreads can run wider than the headline fee suggests.
The screen reweights the book away from a plain EM index, so its sector and country mix departs from the standard benchmark.
Pays on an annual or semiannual schedule, not monthly.

FRDM The screen has a price tag: 0.49% a year versus a 0.19% median across its emerging-markets peer group, with VWO and SCHE sitting at 0.06%.
About 100 names, not thousands. Country and single-stock swings land harder here than in a whole-market emerging-markets basket.
Moderately traded rather than one of the category's volume giants, so spreads deserve a look before you place an order.

Full EMCR profile⁠

Full FRDM profile⁠

EMCR vs FRDM Holdings

How EMCR and FRDM differ

Overlap by weight

18.5%

Shared holdings make up 57.4% of FRDM and 18.5% of EMCR.

Level by level

Holdings59 in both18.5%
Countryby domicile55.5%
Sector11 Sectors86.8%
Asset classStocks100%

Sector

Sector weights in EMCR and FRDM, widest gap first
Sector	Gap	EMCR	FRDM
Technology	FRDM +7.1 points	33.4%	40.5%
Communication	EMCR +6.3 points	10.2%	3.9%
Health Care	EMCR +4.2 points	5.9%	1.7%
Consumer Discretionary	EMCR +2.0 points	10.2%	8.2%
Materials	FRDM +2.0 points	4.2%	6.2%
Industrials	FRDM +1.8 points	6.3%	8.1%
Financials	FRDM +1.5 points	23.3%	24.8%
Utilities	FRDM +0.7 points	1.5%	2.2%
Consumer Staples	EMCR +0.5 points	2.9%	2.4%
Energy	EMCR +0.2 points	0.2%	0.0%
Real Estate	FRDM +0.1 points	1.8%	1.9%

Country, concentration and asset class

Country by domicile

Country weights in EMCR and FRDM, widest gap first
Country	Gap	EMCR	FRDM
China	EMCR +28.6 points	28.6%	0.0%
Chile	FRDM +14.3 points	0.6%	14.9%
India	EMCR +13.0 points	13.0%	0.0%
Poland	FRDM +12.9 points	0.0%	12.9%
South Korea	FRDM +5.2 points	16.8%	22.0%
Malaysia	FRDM +4.2 points	1.2%	5.4%
Brazil	FRDM +4.0 points	3.1%	7.1%
Thailand	FRDM +1.5 points	1.4%	2.9%
Other countries (9)	EMCR +0.6 points	35.3%	34.7%

Outside the US: EMCR 0% developed, 100% emerging. FRDM 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

EMCR29.1%
FRDM49.4%

Securities held

EMCR1,525
FRDM130

Asset class

EMCR: Stocks
FRDM: Stocks

Holdings

Only in EMCR1,466
In both59
Only in FRDM71

Only in EMCR

1,466 securities, 80.3% of EMCR by weight

Taiwan Semiconductor Manufacturing9.31%
Tencent Holdings Ltd (CN)4.54%
Alibaba Group Holding Ltd2.78%
China Construction Bank Corp-H0.87%
Pinduoduo Inc (N Shares)0.73%
Bharti Airtel Ltd0.73%
Hdfc Bank Ltd0.66%
Meituan Dianping0.65%
ICICI Bank Ltd0.62%
Samsung Electronics Co Ltd-PFD0.61%
Infosys Ltd0.54%
Nu Holdings Ltd0.53%
NetEase (P Chip)0.52%
Ping An Insurance Group Co of-H0.51%
Industrial & Commercial Bank-H0.48%
Naspers Ltd Npv0.48%
Xiaomi Corp - Class B (P Chip)0.47%
KB Financial Group Inc0.45%
Elite Material Co Ltd TWD 10.00.40%
Gold Fields Ltd0.39%
Bank of China Ltd-H0.37%
Beigene Ltd0.36%
Bajaj Finance Ltd Npv0.36%
International Holdings Company PJSC0.35%
Shinhan Financial Group Co Ltd0.33%
Tata Consultancy Svcs Ltd0.32%
Hana Financial Group Inc0.32%
Wuxi Biologics0.31%
Taishin Financial Holding Co Ltd0.31%
Trip.Com Group Ltd0.30%
Yuanta Financial Holding Co Ltd0.30%
E.Sun Financial Holding Co Ltd0.29%
Nan Ya Plastics Corp0.28%
Delta Electronics Thailand PCL0.28%
Itau Unibanco Holding SA0.28%
Asia Vital Components0.27%
Asustek Computer Inc0.26%
Innovent Biologics Inc0.25%
Saudi Telecom Co SJSC0.25%
Samsung SDI Co Ltd0.25%
Emaar Properties Pjsc0.25%
Baidu Inc - P0.25%
Samsung Electro-Mechanics Co Ltd0.25%
SinoPac Financial Holdings Co0.25%
JD.com (P Chip)0.24%
Emirates Telecommunications Group Company PJSC0.24%
Xtrackers MSCI EAFE Emerging Markets ESG Leaders Equity ETF0.24%
Sun Pharmaceutical Industries0.24%
Accton Technology Corp0.24%
Mega Financial Holding Co Ltd0.23%

Only in FRDM

71 securities, 42.4% of FRDM by weight

Taiwan Semiconductor Manufacturing Co Ltd8.20%
Bank Polska Kasa Opieki SA3.78%
Falabella SA2.75%
Vale SA2.49%
Lpp SA2.35%
Malayan Banking Bhd1.97%
Dino Polska SA1.16%
Public Bank Bhd1.06%
CD Projekt Red SA0.96%
United Microelectronics Corp0.91%
Benefit Systems SA0.88%
Plaza SA0.86%
Alior Bank SA0.84%
Asseco Poland SA0.83%
Empresas Copec SA0.80%
Gold Fields Ltd0.74%
Grupa Kety SA0.72%
Parque Arauco SA0.72%
Xtb SA0.62%
Kasikornbank PCL0.61%
International Container Terminal Services Inc0.50%
Banco Bradesco SA0.48%
Gamuda Bhd0.43%
Gulf Development PCL0.42%
Advanced Info Service PCL0.42%
Press Metal Aluminium Holdings Bhd0.41%
Colbun SA0.39%
Kruk SA0.39%
Bangkok Bank PCL0.35%
IHH Healthcare Bhd0.32%
Rbh Bank Bhd0.32%
Modivo SA0.30%
Cp All Pcl0.29%
Bangkok Dusit Medical Services PCL0.25%
Cia Sud Americana de Vapores SA0.24%
Cia Cervecerias Unidas SA0.22%
Sunway Bhd0.21%
First American Government Obligations Fund 12/01/20310.21%
Hanwha Aerospace Co Ltd0.20%
SM Investments Corp0.20%
Hong Leong Bank Bhd0.20%
YTL Power International Bhd (B01GQS6)0.19%
BDO Unibank Inc0.18%
Central Pattana PCL0.17%
True Corp PCL0.14%
Bank of the Philippine Islands0.13%
Maxis Bhd0.12%
Celcomdigi Bhd0.12%
SM Prime Holdings Inc0.12%
Cyfrowy Polsat SA0.12%

Weight gaps

All 59 Holdings in both funds, largest gap first.

Holding weights in EMCR and FRDM, widest gap first
Holding	Gap	EMCR	FRDM
Samsung Electronics Co Ltd	FRDM +5.84 points	4.42%	10.26%
MediaTek Inc	FRDM +4.15 points	1.05%	5.20%
SK Hynix Inc	FRDM +4.03 points	3.21%	7.24%
Latam Airlines Group SA	FRDM +3.65 points	0.06%	3.71%
Banco de Chile	FRDM +3.06 points	0.07%	3.13%
Hon Hai Precision Industry Co	FRDM +1.74 points	0.95%	2.69%
Banco de Credito e Inversiones	FRDM +1.59 points	0.07%	1.66%
Delta Electronics Inc	FRDM +1.21 points	0.78%	1.99%
Fubon Financial Holding Co Ltd	FRDM +1.09 points	0.48%	1.57%
CTBC Financial Holding Co Ltd	FRDM +0.78 points	0.41%	1.19%
Cencosud SA	FRDM +0.73 points	0.03%	0.76%
ASE Industrial Holding Co Ltd	FRDM +0.70 points	0.70%	1.40%
Cathay Financial Holding Co Ltd	FRDM +0.66 points	0.35%	1.01%
Weg SA	FRDM +0.60 points	0.15%	0.75%
Chunghwa Telecom Co Ltd	FRDM +0.59 points	0.23%	0.82%
Cia de Saneamento Basico do Estado	FRDM +0.59 points	0.09%	0.68%
Embraer On	FRDM +0.55 points	0.08%	0.63%
FirstRand Ltd	FRDM +0.53 points	0.20%	0.73%
Quanta Computer Inc	FRDM +0.52 points	0.26%	0.78%
B3 SA - Brasil Bolsa Balcao	FRDM +0.51 points	0.16%	0.67%
Standard Bank Group Ltd	FRDM +0.40 points	0.17%	0.57%
Equatorial Energia SA	FRDM +0.38 points	0.06%	0.44%
Capitec Bank Holdings Ltd	FRDM +0.36 points	0.18%	0.54%
Bank Central Asia Tbk PT	FRDM +0.31 points	0.11%	0.42%
Suzano Papel e Celulose SA	FRDM +0.30 points	0.05%	0.35%
Anglo American Platinum Ltd	FRDM +0.29 points	0.13%	0.42%
Rede D'Or Sao Luiz SA	FRDM +0.28 points	0.06%	0.34%
Grupo Mexico SAB de CV-Ser B	FRDM +0.28 points	0.26%	0.54%
Grupo Financiero Banorte SAB de CV	FRDM +0.27 points	0.22%	0.49%
MTN Group Ltd	FRDM +0.22 points	0.25%	0.47%
SK Square Co Ltd	FRDM +0.22 points	0.53%	0.75%
BB Seguridade Participacoes SA	FRDM +0.21 points	0.06%	0.27%
Hyundai Motor Co	FRDM +0.19 points	0.20%	0.39%
Celltrion Inc	FRDM +0.14 points	0.29%	0.43%
Impala Platinum Holdings Ltd	FRDM +0.14 points	0.06%	0.20%
Kia Motors Corp	FRDM +0.14 points	0.10%	0.24%
Raia Drogasil SA	FRDM +0.14 points	0.05%	0.19%
Nedbank Group Ltd	FRDM +0.14 points	0.05%	0.19%
Absa Group Limited	FRDM +0.13 points	0.14%	0.27%
Shoprite Holdings Ltd	FRDM +0.12 points	0.10%	0.22%
Sanlam Ltd	FRDM +0.12 points	0.11%	0.23%
Bid Corp Ltd	FRDM +0.11 points	0.12%	0.23%
America Movil B	FRDM +0.11 points	0.24%	0.36%
Doosan Heavy Industries	FRDM +0.11 points	0.10%	0.21%
Arca Continental SAB de CV	FRDM +0.10 points	0.08%	0.18%
NAVER Corp	FRDM +0.09 points	0.27%	0.36%
Grupo Aeroportuario del Pacific-B	FRDM +0.09 points	0.07%	0.16%
Harmony Gold Mining Co Ltd	FRDM +0.08 points	0.11%	0.19%
Grupo Financiero Inbursa SAB de CV	FRDM +0.07 points	0.02%	0.09%
Grupo Carso SAB de CV-Ser A1	FRDM +0.05 points	0.03%	0.08%
Industrias Penoles SAB de CV	FRDM +0.05 points	0.06%	0.11%
LG Energy Solution Ltd	FRDM +0.04 points	0.15%	0.19%
Samsung Biologics Co Ltd	FRDM +0.03 points	0.17%	0.20%
Barito Pacific Tbk PT	FRDM +0.03 points	0.01%	0.04%
Bumi Resources Minerals T Idr 625.0	FRDM +0.03 points	0.02%	0.05%
Sumber Alfaria Trijaya Tbk PT	FRDM +0.02 points	0.01%	0.03%
Grupo Bimbo SAB de CV-Series A	FRDM +0.01 points	0.07%	0.08%
Kalbe Farma Tbk PT	Same weight	0.02%	0.02%
XL Axiata Tbk PT	Same weight	0.01%	0.01%

All 1,539 EMCR holdings⁠All 100 FRDM 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.

EMCR vs FRDM Cost

Overpaying FRDM vs EMCR

$6,655

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

EMCR 0.15%
$3,137
FRDM 0.49%
$9,792

Amount$10,000

Years30 years

Cost over time

EMCR 0.15%
FRDM 0.49%
Overpaying

Year by year

Year	EMCR	FRDM	Overpaying
10	$274	$883	$609
20	$1,071	$3,394	$2,323
30	$3,137	$9,792	$6,655

Expense ratio

0.15%EMCR, cheaper
0.49%FRDM

EMCR0.15%FRDM0.49%

0.15%1.25%

Middle half of Emerging Markets ESG & Values Index funds
Median 0.33%

EMCR cheapest of 12 funds

FRDM 9th cheapest of 12 funds

EMCR vs FRDM Dividends

Last 12 months to Nov 9, 2026

Yield (12M): EMCR 1.61%; FRDM 1.91%, better
Payout (12M): EMCR $0.64; FRDM $1.18
Last payment: EMCR $0.32; FRDM $0.29
Ex-dividend: EMCR Jun 18, 2026; FRDM Sep 28, 2026
Paid on: EMCR Jun 26, 2026; FRDM Sep 30, 2026
Frequency: EMCR Twice a year; FRDM Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

EMCRTwice a year · 15 paymentsAll EMCR payments⁠

FRDMQuarterly · 25 paymentsAll FRDM payments⁠

EMCR vs FRDM Risk

Fall from peak · 5 years

EMCR
FRDM

Risk facts

VolatilityStd dev, 3 years: EMCR 16.1%, betterFRDM 22.9%
Return per unit of riskSharpe ratio, 3 years: EMCR 0.98FRDM 1.19, better
Worst fallMax drawdown, 5 years: EMCR −32.2%FRDM −29.2%, better
Market sensitivityBeta, 5 years: EMCR 1.10FRDM 1.43; Market = 1

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