EMGF vs FTHF: Grades, Fees and Holdings Compared

iShares Emerging Markets Equity Factor ETF

EMGFACboe

First Trust Emerging Markets Human Flourishing ETF

FTHFDNYSE Arca

Overlap

34.5%by weight

Expense ratio

EMGF −0.49pt a year

EMGF0.26%FTHF0.75%

Avg volume · 30D

EMGF 8.8×the volume

EMGF156KFTHF17.7K

3Y return · a year

FTHF +10.0pt

EMGF+23.1%FTHF+33.1%

EMGF vs FTHF Performance

Oct 31, 2025 – Oct 30, 2026

+14.5%EMGF+41.5%FTHF

Expense ratio: EMGF 0.26%, better; FTHF 0.75%
Fund size: EMGF $1.79B; FTHF $135M
1Y total return: EMGF +14.5%; FTHF +41.5%, better
Yield (12M): EMGF 2.19%; FTHF 3.55%, better
Holdings: EMGF 740; FTHF 105
Avg volume (30D): EMGF 156K sh, better; FTHF 17.7K sh
NAV per share: EMGF $65.41; FTHF $42.80
52W range

ETF.net Grade

Pillar letters and Scores for EMGF, FTHF, with each pillar’s weight
Pillar	EMGF	FTHF
Cost30% weight	A92Higher	F11
Mission25% weight	Not scored	A85
Risk15% weight	C43Higher	D34
Tradability15% weight	A94Higher	C43
Holdings10% weight	C48Higher	D30
Durability5% weight	A89Higher	C45

Rank among Emerging Markets Multifactor funds

How we build Categories ›

Same Category. EMGF and FTHF 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 FTHF 19th 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 18DTLTENorthern Trust Morningstar Emerging Markets Factor Tilt ETFScore 31
Rank 19DFTHFFirst Trust Emerging Markets Human Flourishing ETFScore 26
VEEMNot yet graded

Our read on each fund

ETF.net Research

EMGFAiShares Emerging Markets Equity Factor ETF

FTHFDFirst Trust Emerging Markets Human Flourishing ETF

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.

FTHF First Trust's emerging markets fund tracks a "human flourishing" index, layering profitability and quality screens onto roughly 100 EM stocks. No other fund in its peer group follows the same benchmark.

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.

FTHF The fund seeks to track the Emerging Markets Human Flourishing Index before fees and expenses and normally invests at least 80% of net assets in securities comprising that index.

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.

FTHF A mandate nobody else runs: it is the only fund in its emerging markets multifactor peer group tracking the Emerging Markets Human Flourishing Index.ftportfolios.com
The index screen is advertised on profitability and quality, so the basket leans toward EM companies that earn their keep rather than whoever has the biggest market cap.ftportfolios.com
Rules-based and readable: roughly 100 stocks, with at least 80% of net assets normally in index constituents. You can see what you own and why.ftportfolios.com
Distributions run on a quarterly schedule, the standard cadence for a diversified equity index fund.

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.

FTHF The specialty index carries a specialty price: 0.75% a year, versus 0.26% at EMGF and 0.36% at AVES. You are paying up for the screen.
Launched in 2023 and thinly traded, so the record is short and spreads can run wider than in the category's household-name funds.
It is emerging markets equity, full stop: currency swings, local politics and single-country concentration ride along with the factor screen.

Full EMGF profile⁠

Full FTHF profile⁠

EMGF vs FTHF Holdings

How EMGF and FTHF differ

Overlap by weight

34.5%

Shared holdings make up 84.1% of FTHF and 38.4% of EMGF.

Level by level

Holdings82 in both34.5%
Countryby domicile50.9%
Sector11 Sectors81.4%
Asset classEquity100%

Sector

Sector weights in EMGF and FTHF, widest gap first
Sector	More in EMGFMore in FTHF	EMGF	FTHF
Consumer Discretionary	EMGF +7.7 points	8.4%	0.7%
Financials	FTHF +7.0 points	20.1%	27.1%
Technology	FTHF +6.5 points	40.1%	46.6%
Communication	EMGF +5.5 points	6.4%	0.9%
Materials	FTHF +2.7 points	5.5%	8.2%
Energy	FTHF +2.4 points	3.6%	6.0%
Health Care	EMGF +2.3 points	2.9%	0.6%
Industrials	EMGF +1.2 points	6.6%	5.4%
Real Estate	EMGF +0.8 points	0.8%	0.0%
Consumer Staples	EMGF +0.6 points	3.4%	2.8%
Utilities	EMGF +0.4 points	2.1%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in EMGF and FTHF, widest gap first
Country	More in EMGFMore in FTHF	EMGF	FTHF
China	EMGF +22.8 points	22.8%	0.0%
South Africa	FTHF +14.1 points	6.1%	20.2%
India	EMGF +13.7 points	13.7%	0.0%
Taiwan	EMGF +10.7 points	30.3%	19.6%
Brazil	FTHF +10.6 points	3.6%	14.2%
Mexico	FTHF +9.0 points	1.7%	10.7%
Poland	FTHF +5.1 points	1.3%	6.4%
Chile	FTHF +4.3 points	0.0%	4.3%
Other countries (6)	FTHF +3.9 points	20.6%	24.5%

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

Concentration

Weight in the 10 largest Holdings

EMGF30.5%
FTHF45.8%

Securities held

EMGF718
FTHF101

Asset class

EMGF: Equity
FTHF: Equity

Holdings

Only in EMGF636
In both82
Only in FTHF19

Only in EMGF

636 securities, 61.2% of EMGF by weight

Tencent Holdings2.51%
Alibaba Group Holding1.82%
China Construction Bank Corp H1.21%
Industrial and Commercial Bank of0.87%
Hon Hai Precision Industry0.80%
Bank of China Ltd H0.71%
Samsung Electronics Non Voting Pre0.66%
Icici Bank0.64%
Fubon Financial Holding0.63%
Pdd Holdings Ads0.56%
Reliance Industries Ltd0.53%
Petroleo Brasileiro SA Petrobras0.47%
Infosys0.46%
Hdfc Bank0.45%
Netease0.45%
Cia Vale Do Rio Doce Sh0.45%
Tata Consultancy Services Ltd0.44%
Nan Ya Plastics Corp0.43%
Ping An Insurance (Group) Co of Ch0.36%
Nu Holdings Class A0.35%
Bharti Airtel Ltd0.35%
Mahindra and Mahindra Ltd0.34%
Xiaomi0.34%
Saudi Arabian Oil0.34%
Hyundai Motor0.32%
Boc Hong Kong Holdings Ltd0.32%
Meituan0.31%
Ts Financial Holding0.31%
Grupo Mexico B0.30%
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%
Delta Electronics (Thailand) Non-V0.27%
Indian Railway Finance Corp Ltd0.27%
Wiwynn Corporation0.26%
Lupin0.25%
Ooredoo0.24%
America Movil B0.24%
Fomento Economico Mexicano0.24%
Naspers Limited Class N0.24%
Kuwait Finance House0.24%
Titan Company Ltd0.24%
Yageo0.23%
Mtn Group0.23%
Quanta Computer0.23%
KT&G Corp0.23%

Only in FTHF

19 securities, 15.1% of FTHF by weight

Falabella SA2.85%
CEMEX, S.A.B. de C.V. (Unit)2.54%
Grupo Cibest S.A. (Preference)1.23%
Vodacom Group Limited1.08%
Itausa S.A. (Preference Shares)1.05%
Compania de Minas Buenaventura S.A.A. (ADR)0.92%
Absa Group Limited0.79%
Powszechny Zaklad Ubezpieczen S.A.0.77%
Erste Bank Polska S.A.0.76%
Discovery Limited0.71%
Sanlam Limited0.67%
Alpha Bank S.A.0.59%
BDO Unibank, Inc.0.36%
Banco Santander Chile0.35%
ASPEED Technology Inc.0.18%
Alteogen Inc.0.09%
Globalwafers Co., Ltd.0.07%
Samsung SDS Co., Ltd.0.05%
SinoPac Financial Holdings Co., Ltd. - Rights<0.01%

Weight gaps

All 82 Holdings in both funds, largest gap first.

Holding weights in EMGF and FTHF, widest gap first
Holding	More in EMGFMore in FTHF	EMGF	FTHF
Petroleo Brasileiro Pref SA	FTHF +4.41 points	0.09%	4.50%
Gold Fields	FTHF +3.82 points	0.17%	3.99%
Itau Unibanco Holding Pref SA	FTHF +3.48 points	0.18%	3.66%
Weg	FTHF +3.32 points	0.08%	3.40%
Valterra Platinum Ltd	FTHF +2.55 points	0.10%	2.65%
Walmart De Mexico V	FTHF +2.51 points	0.03%	2.54%
Indust Penoles	FTHF +2.46 points	0.10%	2.56%
Sk Hynix	FTHF +2.42 points	4.43%	6.85%
Taiwan Semiconductor Manufacturing	EMGF +2.23 points	10.33%	8.10%
Gpo Finance Banorte	FTHF +2.14 points	0.17%	2.31%
Firstrand Ltd	FTHF +1.95 points	0.10%	2.05%
Powszechna Kasa Oszczednosci Bank	FTHF +1.74 points	0.10%	1.84%
Bid Corporation	FTHF +1.68 points	0.05%	1.73%
Capitec Shs	FTHF +1.63 points	0.17%	1.80%
Standard Bank Group	FTHF +1.54 points	0.14%	1.68%
Kghm Polska Miedz SA	FTHF +1.50 points	0.05%	1.55%
Impala Platinum	FTHF +1.33 points	0.04%	1.37%
Samsung Electronics Ltd	FTHF +1.12 points	6.16%	7.28%
Bank Pekao SA	FTHF +0.99 points	0.04%	1.03%
Coca-Cola Femsa Class Ubl Units	FTHF +0.84 points	0.27%	1.11%
National Bank of Greece	FTHF +0.85 points	0.24%	1.09%
Eurobank SA	FTHF +0.83 points	0.07%	0.90%
Northam Platinum Hldgs Ltd	FTHF +0.82 points	<0.01%	0.83%
Piraeus Bank	FTHF +0.68 points	0.18%	0.86%
Gerdau Pref SA	FTHF +0.66 points	0.16%	0.82%
B3 Brasil Bolsa Balcao SA	FTHF +0.64 points	0.27%	0.91%
Banco De Chile	FTHF +0.62 points	0.07%	0.69%
Nedbank Group Ltd	FTHF +0.48 points	0.10%	0.58%
Mediatek	FTHF +0.46 points	1.59%	2.05%
Banco De Credito E Inversion	FTHF +0.35 points	0.07%	0.42%
Taiwan Cooperative Financial Holdi	EMGF +0.29 points	0.41%	0.12%
Novatek Microelectronics	EMGF +0.28 points	0.40%	0.12%
Mbank SA	FTHF +0.26 points	0.14%	0.40%
Ase Technology Holding	FTHF +0.25 points	0.67%	0.92%
Unimicron Technology	FTHF +0.17 points	0.32%	0.49%
Delta Electronics	FTHF +0.18 points	0.73%	0.91%
Realtek Semiconductor	EMGF +0.17 points	0.31%	0.14%
Pharmaessentia	FTHF +0.14 points	0.01%	0.15%
Celltrion	FTHF +0.14 points	0.06%	0.20%
Elite Material	FTHF +0.12 points	0.40%	0.52%
United Micro Electronics Corp	FTHF +0.11 points	0.36%	0.47%
Woori Financial Group Inc	FTHF +0.11 points	0.05%	0.16%
Yuanta Financial Holding	EMGF +0.11 points	0.47%	0.36%
Global Unichip	EMGF +0.08 points	0.32%	0.24%
Hana Financial Group	EMGF +0.09 points	0.32%	0.23%
First Financial Holding Ltd	EMGF +0.08 points	0.27%	0.19%
E.sun Financial Holding	EMGF +0.06 points	0.34%	0.28%
Shinhan Financial Group	EMGF +0.06 points	0.35%	0.29%
Naver	FTHF +0.04 points	0.14%	0.18%
Hyundai Mobis Ltd	EMGF +0.04 points	0.18%	0.14%
Cathay Financial Holding	FTHF +0.04 points	0.36%	0.40%
Samsung Biologics	EMGF +0.04 points	0.14%	0.10%
Accton Technology	EMGF +0.04 points	0.32%	0.28%
Kia Corporation	EMGF +0.03 points	0.19%	0.16%
Hanmi Semiconductor	EMGF +0.03 points	0.09%	0.06%
Gold Circuit Electronics	EMGF +0.03 points	0.15%	0.12%
Nanya Technology Corp	FTHF +0.03 points	0.24%	0.27%
Sk Square	EMGF +0.03 points	0.53%	0.50%
Asustek Computer Inc	EMGF +0.02 points	0.25%	0.23%
Asia Vital Components	FTHF +0.02 points	0.32%	0.34%
Kb Financial Group	EMGF +0.03 points	0.39%	0.36%
Samsung Electro Mechanics Ltd	FTHF +0.02 points	0.43%	0.45%
Mega Financial Holding Ltd	EMGF +0.03 points	0.26%	0.23%
Ls Electric Ltd	FTHF +0.02 points	0.05%	0.07%
Samsung Fire & Marine Insurance Lt	FTHF +0.02 points	0.13%	0.15%
Largan Precision Ltd	FTHF +0.02 points	0.14%	0.16%
Hd Korea Shipbuilding & Offshore E	FTHF +0.02 points	0.06%	0.08%
Hyundai-Rotem	FTHF +0.02 points	0.02%	0.04%
Chroma Ate	EMGF +0.02 points	0.25%	0.23%
Db Insurance Ltd	FTHF +0.02 points	0.04%	0.06%
Hua Nan Financial Holdings	FTHF +0.01 points	0.18%	0.19%
Lite On Technology	EMGF +0.01 points	0.20%	0.19%
Sinopac Financial Holdings	EMGF +0.01 points	0.24%	0.23%
Advantech	EMGF +0.02 points	0.13%	0.11%
Jentech Precision Industrial Ltd	EMGF +0.01 points	0.19%	0.18%
Hd Hyundai Heavy Industries Ltd	EMGF +0.01 points	0.06%	0.05%
King Slide Works	FTHF +0.01 points	0.23%	0.24%
Ctbc Financial Holding	EMGF +0.01 points	0.51%	0.50%
Hd Hyundai Electric	Same weight	0.07%	0.07%
Honprecision Inc	Same weight	0.16%	0.16%
Hyosung Heavy Industries Corp	EMGF +0.01 points	0.07%	0.06%
Samsung Life Ltd	Same weight	0.16%	0.16%

All 715 EMGF holdings⁠All 101 FTHF 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 FTHF Cost

Overpaying FTHF vs EMGF

$9,124

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

EMGF 0.26%
$5,358
FTHF 0.75%
$14,482

Amount$10,000

Years30 years

Cost over time

EMGF 0.26%
FTHF 0.75%
Overpaying

Year by year

Year	EMGF	FTHF	Overpaying
10	$473	$1,336	$863
20	$1,838	$5,078	$3,240
30	$5,358	$14,482	$9,124

Expense ratio

0.26%EMGF, cheaper
0.75%FTHF

EMGF0.26%FTHF0.75%

0.18%0.80%

Middle half of Emerging Markets Multifactor funds
Median 0.44%

EMGF 3rd cheapest of 20 funds

FTHF 18th cheapest of 20 funds

EMGF vs FTHF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EMGF 2.19%; FTHF 3.55%, better
Payout (12M): EMGF $1.44; FTHF $1.52
Last payment: EMGF $0.61; FTHF $0.23
Ex-dividend: EMGF Jun 15, 2026; FTHF Sep 24, 2026
Paid on: EMGF Jun 18, 2026; FTHF Sep 30, 2026
Frequency: EMGF Twice a year; FTHF Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EMGFTwice a year · 21 paymentsAll EMGF payments⁠

FTHFQuarterly · 12 paymentsAll FTHF payments⁠

EMGF vs FTHF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EMGF 16.3%, betterFTHF 24.2%
Return per unit of riskSharpe ratio, 3 years: EMGF 1.09FTHF 1.13, better
Worst fallMax drawdown, 5 years: EMGF −27.1%FTHF −21.1%since Oct 2023
Market sensitivityBeta, 5 years: EMGF 1.02FTHF 1.01; Market = 1

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