EMGF vs EMMF: Grades, Fees and Holdings Compared

iShares Emerging Markets Equity Factor ETF

EMGFACboe

WisdomTree Emerging Markets Multifactor Fund

EMMFDNYSE Arca

Overlap

40.6%by weight

Expense ratio

EMGF −0.22pt a year

EMGF0.26%EMMF0.48%

Avg volume · 30D

EMGF 11.4×the volume

EMGF156KEMMF13.6K

5Y return · a year

EMGF +0.4pt

EMGF+9.0%EMMF+8.6%

EMGF vs EMMF Performance

Oct 29, 2021 – Oct 30, 2026

+53.9%EMGF+51.1%EMMF

Expense ratio: EMGF 0.26%, better; EMMF 0.48%
Fund size: EMGF $1.79B; EMMF $180M
1Y total return: EMGF +14.5%, better; EMMF +11.4%
Yield (12M): EMGF 2.19%, better; EMMF 1.45%
Holdings: EMGF 740; EMMF 225
Avg volume (30D): EMGF 156K sh, better; EMMF 13.6K sh
NAV per share: EMGF $65.41; EMMF $34.68
52W range

ETF.net Grade

Pillar letters and Scores for EMGF, EMMF, with each pillar’s weight
Pillar	EMGF	EMMF
Cost30% weight	A92Higher	D37
Mission25% weight	Not scored	Not scored
Risk15% weight	C43	C48Higher
Tradability15% weight	A94Higher	F20
Holdings10% weight	C48	C53Higher
Durability5% weight	A89Higher	C41

Rank among Emerging Markets Multifactor funds

How we build Categories ›

Same Category. EMGF and EMMF 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 EMMF 15th 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 14CMFEMPIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETFScore 41
Rank 15DEMMFWisdomTree Emerging Markets Multifactor FundScore 38
Rank 16DECONColumbia Research Enhanced Emerging Economies ETFScore 36

Our read on each fund

ETF.net Research

EMGFAiShares Emerging Markets Equity Factor ETF

EMMFDWisdomTree Emerging Markets Multifactor Fund

In short

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.

EMMF EMMF scores emerging-markets stocks on value, quality and momentum together, then holds the winners in one roughly 240-name portfolio. A single-ticket factor blend from WisdomTree, live since 2018, priced at the middle of its peer group.

Stated mandate

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.

EMMF The fund seeks capital appreciation through primarily investing in emerging-markets equity securities selected using composite multifactor scores.

Why people hold it

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.

EMMF Three factors in one wrapper: value, quality and momentum scored into a single composite, instead of bolting separate EM sleeves together.wisdomtree.com
The 0.48% expense ratio lands exactly at the median for emerging-markets multifactor funds. No premium for the factor machinery.
Spreads across roughly 240 emerging-markets names and pays quarterly, so no single country or company story dominates the sleeve.
Trading since 2018, which means a real-money record through several full emerging-markets cycles rather than a backtest.

Worth knowing

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.

EMMF Thinly traded and small next to the giants of the category, so bid-ask spreads and trade timing carry more weight here.
Cheaper factor rivals sit on the same shelf: EMGF at 0.26% and AVES at 0.36% run the same EM factor idea for less.
Our review puts it in the lower half of its emerging-markets multifactor group, mostly on cost-versus-peers, tradability and portfolio construction.

Full EMGF profile⁠

Full EMMF profile⁠

EMGF vs EMMF Holdings

How EMGF and EMMF differ

Overlap by weight

40.6%

Shared holdings make up 68.2% of EMMF and 46.1% of EMGF.

Level by level

Holdings113 in both40.6%
Countryby domicile85.3%
Sector11 Sectors90.8%
Asset classEquity100%

Sector

Sector weights in EMGF and EMMF, widest gap first
Sector	More in EMGFMore in EMMF	EMGF	EMMF
Financials	EMGF +5.2 points	20.1%	14.9%
Consumer Discretionary	EMMF +4.3 points	8.4%	12.7%
Technology	EMGF +4.0 points	40.1%	36.1%
Materials	EMMF +1.2 points	5.5%	6.7%
Health Care	EMMF +1.2 points	2.9%	4.1%
Industrials	EMMF +0.9 points	6.6%	7.5%
Consumer Staples	EMMF +0.5 points	3.4%	3.9%
Energy	EMMF +0.5 points	3.6%	4.1%
Real Estate	EMMF +0.5 points	0.8%	1.3%
Utilities	Same weight	2.1%	2.1%
Communication	Same weight	6.4%	6.4%

Country, concentration and asset class

Country by domicile

Country weights in EMGF and EMMF, widest gap first
Country	More in EMGFMore in EMMF	EMGF	EMMF
China	EMGF +8.8 points	22.8%	14.0%
Taiwan	EMGF +4.6 points	30.3%	25.7%
Brazil	EMMF +4.1 points	3.6%	7.7%
India	EMMF +3.0 points	13.7%	16.7%
United States	EMMF +1.7 points	0.0%	1.7%
Poland	EMMF +1.7 points	1.3%	3.0%
Mexico	EMMF +1.2 points	1.7%	2.9%
Malaysia	EMMF +1.1 points	0.0%	1.1%
Other countries (7)	EMMF +0.5 points	26.7%	27.2%

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

Concentration

Weight in the 10 largest Holdings

EMGF30.5%
EMMF29.4%

Securities held

EMGF718
EMMF206

Asset class

EMGF: Equity
EMMF: Equity

Holdings

Only in EMGF605
In both113
Only in EMMF93

Only in EMGF

605 securities, 53.5% of EMGF by weight

Hon Hai Precision Industry0.80%
Samsung Electronics Non Voting Pre0.66%
Icici Bank0.64%
Fubon Financial Holding0.63%
Pdd Holdings Ads0.56%
Sk Square0.53%
Reliance Industries Ltd0.53%
Ctbc Financial Holding0.51%
Petroleo Brasileiro SA Petrobras0.47%
Infosys0.46%
Hdfc Bank0.45%
Cia Vale Do Rio Doce Sh0.45%
Tata Consultancy Services Ltd0.44%
Nan Ya Plastics Corp0.43%
Taiwan Cooperative Financial Holdi0.41%
Kb Financial Group0.39%
Cathay Financial Holding0.36%
Nu Holdings Class A0.35%
Bharti Airtel Ltd0.35%
Mahindra and Mahindra Ltd0.34%
Xiaomi0.34%
E.sun Financial Holding0.34%
Saudi Arabian Oil0.34%
Boc Hong Kong Holdings Ltd0.32%
Hana Financial Group0.32%
Meituan0.31%
Ts Financial Holding0.31%
International Games System Ltd0.30%
Emirates Integrated Telecommunicat0.29%
Larsen and Toubro Ltd0.28%
Emirates Nbd0.28%
Ge Vernova T&D India Ltd0.28%
Aspeed Technology0.27%
Anglogold Ashanti PLC0.27%
First Financial Holding Ltd0.27%
Delta Electronics (Thailand) Non-V0.27%
Indian Railway Finance Corp Ltd0.27%
B3 Brasil Bolsa Balcao SA0.27%
Mega Financial Holding Ltd0.26%
Lupin0.25%
Ooredoo0.24%
America Movil B0.24%
National Bank of Greece0.24%
Naspers Limited Class N0.24%
Kuwait Finance House0.24%
Sinopac Financial Holdings0.24%
Titan Company Ltd0.24%
Nongfu Spring Ltd H0.23%
Bharat Electronics Ltd0.22%
Jd.com Class A0.22%

Only in EMMF

93 securities, 31.4% of EMMF by weight

MercadoLibre Inc1.51%
Coupang Inc1.07%
JSW Steel Ltd0.71%
Indian Hotels Co Ltd0.64%
Tupras Turkiye Petrol Rafine0.64%
Outsurance Group Ltd0.58%
AMMB Holdings Bhd0.57%
Bosch Ltd0.56%
Eicher Motors Ltd0.53%
YTL Power International Bhd0.52%
Fsn E-Commerce Ventures Ltd0.51%
TMB Bank PCL - NVDR0.50%
National Aluminium Co Ltd0.49%
Multi Commodity Exch India0.49%
Bharat Petroleum Corp Ltd0.49%
Oberoi Realty Ltd0.49%
China Mengniu Dairy Co Ltd0.48%
Cadila Healthcare Ltd0.48%
Vodacom Group Pty Ltd0.47%
Laurus Labs Ltd0.47%
Metropolitan Bank & Trust0.46%
Huaneng Power Intl Inc0.46%
APL Apollo Tubes Ltd0.45%
Motherson Sumi Systems Ltd0.45%
Evergreen Marine Corp Taiwan Ltd0.45%
Pge SA0.44%
Marico Ltd0.44%
Bharti Infratel Ltd0.44%
Crompton Greaves Ltd0.43%
Union Bank Of India0.43%
Divi's Laboratories Ltd0.42%
Adani Energy Solutions Ltd0.42%
Kimberly-Clark de Mexico SAB d0.42%
Wan Hai Lines Ltd0.41%
Santander Bank Polska SA0.40%
Alfa SAB de CV0.40%
Astor Transformator Enerji T0.39%
Torrent Pharmaceuticals Ltd0.39%
Aurobindo Pharma Ltd0.39%
CITIC Ltd0.38%
IDFC Bank Ltd0.38%
AU Small Finance Bank Ltd0.38%
Caixa Seguridade Participaco0.38%
Solar Industries India Ltd0.37%
Bank of Baroda Ltd0.37%
Mankind Pharma Ltd0.36%
Apollo Hospitals Enterprise Ltd0.35%
Bharat Heavy Electricals Ltd0.34%
Itausa - Investimentos Itau SA0.34%
Gigabyte Technology Co Ltd0.34%

Weight gaps

The 100 widest of 113 Holdings in both funds.

Holding weights in EMGF and EMMF, widest gap first
Holding	More in EMGFMore in EMMF	EMGF	EMMF
Taiwan Semiconductor Manufacturing	EMGF +1.94 points	10.33%	8.39%
Samsung Electronics Ltd	EMGF +1.45 points	6.16%	4.71%
King Slide Works	EMMF +0.92 points	0.23%	1.15%
Sk Hynix	EMMF +0.86 points	4.43%	5.29%
China Construction Bank Corp H	EMGF +0.72 points	1.21%	0.49%
Petroleo Brasileiro Pref SA	EMMF +0.72 points	0.09%	0.81%
Advantech	EMMF +0.68 points	0.13%	0.81%
Hyundai Motor	EMMF +0.63 points	0.32%	0.95%
Mediatek	EMGF +0.59 points	1.59%	1.00%
Asia Vital Components	EMMF +0.58 points	0.32%	0.90%
Nedbank Group Ltd	EMMF +0.57 points	0.10%	0.67%
Orlen	EMMF +0.55 points	0.10%	0.65%
Bid Corporation	EMMF +0.53 points	0.05%	0.58%
Tencent Holdings	EMMF +0.51 points	2.51%	3.02%
Bidvest Group	EMMF +0.49 points	0.05%	0.54%
Shoprite Holdings Ltd	EMMF +0.48 points	0.01%	0.49%
Bumrungrad Hospital Non-Voting Dr	EMMF +0.46 points	0.08%	0.54%
Alibaba Group Holding	EMMF +0.46 points	1.82%	2.28%
Wuxi Apptec H	EMMF +0.46 points	0.14%	0.60%
Powszechna Kasa Oszczednosci Bank	EMMF +0.46 points	0.10%	0.56%
Bank Pekao SA	EMMF +0.44 points	0.04%	0.48%
Grupo Mexico B	EMMF +0.44 points	0.30%	0.74%
Wiwynn Corporation	EMMF +0.42 points	0.26%	0.68%
Elite Material	EMMF +0.40 points	0.40%	0.80%
Pharmaessentia	EMMF +0.37 points	0.01%	0.38%
Db Insurance Ltd	EMMF +0.37 points	0.04%	0.41%
One Communications Ltd	EMMF +0.37 points	0.03%	0.40%
Zto Express (Cayman) Inc	EMMF +0.36 points	0.04%	0.40%
Chang Hwa Commercial Bank Ltd	EMMF +0.35 points	0.07%	0.42%
Ase Technology Holding	EMMF +0.34 points	0.67%	1.01%
Harmony Gold Mining Company Limite	EMMF +0.33 points	0.03%	0.36%
Mmg Ltd	EMMF +0.33 points	0.07%	0.40%
Wistron	EMMF +0.32 points	0.09%	0.41%
Chroma Ate	EMMF +0.32 points	0.25%	0.57%
Embraer	EMMF +0.32 points	0.07%	0.39%
Eva Airways	EMMF +0.32 points	0.06%	0.38%
Samsung Heavy Industries Ltd	EMMF +0.31 points	0.04%	0.35%
Bosideng International	EMMF +0.31 points	0.05%	0.36%
Ls Electric Ltd	EMMF +0.31 points	0.05%	0.36%
Cpfl Energia	EMMF +0.31 points	0.11%	0.42%
Siemens Energy India Ltd	EMMF +0.31 points	0.13%	0.44%
Doosan Corp	EMMF +0.30 points	<0.01%	0.31%
Picc Property and Casualty Ltd H	EMMF +0.30 points	0.09%	0.39%
Winbond Electronics	EMMF +0.29 points	0.19%	0.48%
Samsung Fire & Marine Insurance Lt	EMMF +0.29 points	0.13%	0.42%
China Life Insurance Ltd H	EMMF +0.29 points	0.21%	0.50%
Ping An Insurance (Group) Co of Ch	EMMF +0.29 points	0.36%	0.65%
Lg Electronics Inc	EMMF +0.29 points	0.08%	0.37%
Nepi Rockcastle	EMMF +0.28 points	0.10%	0.38%
Weg	EMMF +0.28 points	0.08%	0.36%
Sk Inc	EMMF +0.27 points	0.12%	0.39%
Yageo	EMMF +0.28 points	0.23%	0.51%
Gold Circuit Electronics	EMMF +0.27 points	0.15%	0.42%
Hd Korea Shipbuilding & Offshore E	EMMF +0.27 points	0.06%	0.33%
Honprecision Inc	EMMF +0.26 points	0.16%	0.42%
Bb Seguridade SA	EMMF +0.26 points	0.11%	0.37%
Ultrapar Participoes SA	EMMF +0.25 points	0.06%	0.31%
China Nonferrous Mining Corporatio	EMMF +0.25 points	0.09%	0.34%
Hyundai Glovis Ltd	EMMF +0.24 points	0.05%	0.29%
Fomento Economico Mexicano	EMMF +0.24 points	0.24%	0.48%
Accton Technology	EMMF +0.23 points	0.32%	0.55%
Latam Airlines Group	EMMF +0.23 points	0.10%	0.33%
Hyundai-Rotem	EMMF +0.23 points	0.02%	0.25%
Chongqing Rural Commercial Bank Lt	EMMF +0.22 points	0.16%	0.38%
Nanya Technology Corp	EMMF +0.23 points	0.24%	0.47%
Lpp SA	EMMF +0.21 points	0.21%	0.42%
Vibra Energia SA	EMMF +0.22 points	0.08%	0.30%
Samsung Life Ltd	EMMF +0.20 points	0.16%	0.36%
Beone Medicines AG	EMMF +0.20 points	0.20%	0.40%
Tim	EMMF +0.20 points	0.16%	0.36%
Global Unichip	EMMF +0.20 points	0.32%	0.52%
Enel Chile SA	EMMF +0.19 points	0.14%	0.33%
Lg Innotek Ltd	EMMF +0.20 points	0.06%	0.26%
True Corporation Non-Voting Dr	EMMF +0.19 points	0.01%	0.20%
Bizlink Holding Inc	EMMF +0.18 points	0.07%	0.25%
Hyosung Heavy Industries Corp	EMMF +0.17 points	0.07%	0.24%
Hd Hyundai Heavy Industries Ltd	EMMF +0.18 points	0.06%	0.24%
Gerdau Pref SA	EMMF +0.16 points	0.16%	0.32%
Innovent Biologics	EMMF +0.15 points	0.16%	0.31%
China Taiping Insurance Hldgs Ltd	EMMF +0.15 points	0.05%	0.20%
Unimicron Technology	EMMF +0.14 points	0.32%	0.46%
Ambev SA	EMMF +0.13 points	0.22%	0.35%
Contemporary Amperex Technology Class	EMGF +0.14 points	0.14%	<0.01%
KT&G Corp	EMMF +0.13 points	0.23%	0.36%
Hankook Tire & Technology Ltd	EMMF +0.13 points	0.11%	0.24%
Yuanta Financial Holding	EMGF +0.13 points	0.47%	0.34%
Apr Ltd	EMMF +0.12 points	0.08%	0.20%
Mtn Group	EMGF +0.11 points	0.23%	0.12%
United Micro Electronics Corp	EMMF +0.11 points	0.36%	0.47%
Mirae Asset Securities Co Ltd	EMMF +0.11 points	0.09%	0.20%
Realtek Semiconductor	EMMF +0.10 points	0.31%	0.41%
Samsung Electro Mechanics Ltd	EMMF +0.10 points	0.43%	0.53%
Asustek Computer Inc	EMMF +0.11 points	0.25%	0.36%
Itau Unibanco Holding Pref SA	EMMF +0.10 points	0.18%	0.28%
Quanta Computer	EMMF +0.10 points	0.23%	0.33%
Gpo Finance Banorte	EMMF +0.09 points	0.17%	0.26%
Shinhan Financial Group	EMMF +0.09 points	0.35%	0.44%
Industrial and Commercial Bank of	EMGF +0.08 points	0.87%	0.79%
Ioi Corporation	EMGF +0.07 points	0.07%	<0.01%
Weichai Power Ltd H	EMGF +0.06 points	0.10%	0.04%

All 715 EMGF holdings⁠All 238 EMMF 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.

EMGF vs EMMF Cost

Overpaying EMMF vs EMGF

$4,247

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

EMGF 0.26%
$5,358
EMMF 0.48%
$9,605

Amount$10,000

Years30 years

Cost over time

EMGF 0.26%
EMMF 0.48%
Overpaying

Year by year

Year	EMGF	EMMF	Overpaying
10	$473	$865	$392
20	$1,838	$3,328	$1,490
30	$5,358	$9,605	$4,247

Expense ratio

0.26%EMGF, cheaper
0.48%EMMF

EMGF0.26%EMMF0.48%

0.18%0.80%

Middle half of Emerging Markets Multifactor funds
Median 0.44%

EMGF 3rd cheapest of 20 funds

EMMF 13th cheapest of 20 funds

EMGF vs EMMF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EMGF 2.19%, better; EMMF 1.45%
Payout (12M): EMGF $1.44; EMMF $0.50
Last payment: EMGF $0.61; EMMF $0.15
Ex-dividend: EMGF Jun 15, 2026; EMMF Sep 25, 2026
Paid on: EMGF Jun 18, 2026; EMMF Sep 29, 2026
Frequency: EMGF Twice a year; EMMF Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EMGFTwice a year · 21 paymentsAll EMGF payments⁠

EMMFQuarterly · 32 paymentsAll EMMF payments⁠

EMGF vs EMMF Risk

Fall from peak · 5 years

EMGF
EMMF

Risk facts

VolatilityStd dev, 3 years: EMGF 16.3%EMMF 14.7%, better
Return per unit of riskSharpe ratio, 3 years: EMGF 1.09, betterEMMF 0.87
Worst fallMax drawdown, 5 years: EMGF −27.1%EMMF −22.9%, better
Market sensitivityBeta, 5 years: EMGF 1.02EMMF 0.89; Market = 1

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