EMGF vs ROAM: Grades, Fees and Holdings Compared

iShares Emerging Markets Equity Factor ETF

EMGFACboe

Hartford Multifactor Emerging Markets ETF

ROAMBNYSE Arca

Overlap

27.9%by weight

Expense ratio

EMGF −0.18pt a year

EMGF0.26%ROAM0.44%

Avg volume · 30D

EMGF 8.7×the volume

EMGF156KROAM17.9K

10Y return · a year

EMGF +0.7pt

EMGF+8.9%ROAM+8.2%

EMGF vs ROAM Performance

Oct 29, 2021 – Oct 30, 2026

+53.9%EMGF+71.5%ROAM

Expense ratio: EMGF 0.26%, better; ROAM 0.44%
Fund size: EMGF $1.79B; ROAM $102M
1Y total return: EMGF +14.5%; ROAM +19.6%, better
Yield (12M): EMGF 2.19%; ROAM 2.50%, better
Holdings: EMGF 740; ROAM 349
Avg volume (30D): EMGF 156K sh, better; ROAM 17.9K sh
NAV per share: EMGF $65.41; ROAM $33.97
52W range

ETF.net Grade

Pillar letters and Scores for EMGF, ROAM, with each pillar’s weight
Pillar	EMGF	ROAM
Cost30% weight	A92Higher	C53
Mission25% weight	Not scored	Not scored
Risk15% weight	C43	A78Higher
Tradability15% weight	A94Higher	C43
Holdings10% weight	C48	A88Higher
Durability5% weight	A89Higher	C46

Rank among Emerging Markets Multifactor funds

How we build Categories ›

Same Category. EMGF and ROAM 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 ROAM 8th 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 7BQLVENorthern Trust Emerging Markets Quality Low Volatility ETFScore 61
Rank 8BROAMHartford Multifactor Emerging Markets ETFScore 60
Rank 9BGEMGoldman Sachs ActiveBeta Emerging Markets Equity ETFScore 56

Our read on each fund

ETF.net Research

EMGFAiShares Emerging Markets Equity Factor ETF

ROAMBHartford Multifactor Emerging Markets 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.

ROAM Emerging markets, rebuilt by rulebook: ROAM's index screens roughly 300 stocks for value, quality and momentum, and is built to balance risk against return instead of letting the biggest markets set the agenda.

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.

ROAM The Fund seeks to track the total return of the Hartford Multifactor Emerging Markets Equity Index, a rules-based emerging-markets equity index designed to balance risk and return while emphasizing favorable factor characteristics.

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.

ROAM Three factors, one wrapper. The index leans on value, quality and momentum together rather than riding a single style through EM's mood swings.
A 0.44% expense ratio runs below the median fee for multifactor emerging-markets funds.
Trading since 2015, so the rulebook has been live through real EM cycles, not just backtests.
About 300 holdings spread the bets wide, and the portfolio build stands among the stronger ones in its multifactor EM peer group.

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.

ROAM Thinly traded, which usually means wider bid-ask spreads than the giant cap-weighted EM funds carry.
Cheaper factor-flavored EM options exist in the same cohort: EMGF at 0.26% and QEMM at 0.30%.
Cash comes annually or semiannually, not quarterly, and the fund remains small by category standards.

Full EMGF profile⁠

Full ROAM profile⁠

EMGF vs ROAM Holdings

How EMGF and ROAM differ

Overlap by weight

27.9%

Shared holdings make up 59.7% of ROAM and 44.8% of EMGF.

Level by level

Holdings167 in both27.9%
Countryby domicile72.8%
Sector11 Sectors87.9%
Asset classEquity100%

Sector

Sector weights in EMGF and ROAM, widest gap first
Sector	More in EMGFMore in ROAM	EMGF	ROAM
Technology	EMGF +6.4 points	40.1%	33.6%
Energy	ROAM +3.1 points	3.6%	6.7%
Health Care	ROAM +2.5 points	2.9%	5.4%
Financials	ROAM +2.4 points	20.1%	22.5%
Consumer Discretionary	EMGF +2.3 points	8.4%	6.1%
Communication	EMGF +1.8 points	6.4%	4.6%
Consumer Staples	ROAM +1.7 points	3.4%	5.1%
Real Estate	ROAM +1.3 points	0.8%	2.1%
Materials	EMGF +1.1 points	5.5%	4.4%
Utilities	ROAM +1.0 points	2.1%	3.1%
Industrials	EMGF +0.4 points	6.6%	6.2%

Country, concentration and asset class

Country by domicile

Country weights in EMGF and ROAM, widest gap first
Country	More in EMGFMore in ROAM	EMGF	ROAM
Taiwan	EMGF +11.6 points	30.3%	18.7%
China	EMGF +7.3 points	22.8%	15.5%
South Korea	EMGF +6.6 points	19.3%	12.7%
Malaysia	ROAM +4.5 points	0.0%	4.5%
India	ROAM +3.5 points	13.7%	17.2%
Thailand	ROAM +2.9 points	1.4%	4.3%
Philippines	ROAM +2.9 points	0.0%	2.9%
Indonesia	ROAM +2.7 points	0.0%	2.7%
Other countries (7)	ROAM +8.9 points	12.6%	21.5%

Outside the US: EMGF 0% developed, 100% emerging. ROAM 1% developed, 99% emerging.

Concentration

Weight in the 10 largest Holdings

EMGF30.5%
ROAM10.5%

Securities held

EMGF718
ROAM330

Asset class

EMGF: Equity
ROAM: Equity

Holdings

Only in EMGF551
In both167
Only in ROAM163

Only in EMGF

551 securities, 54.8% of EMGF by weight

Taiwan Semiconductor Manufacturing10.33%
Alibaba Group Holding1.82%
Samsung Electronics Non Voting Pre0.66%
Icici Bank0.64%
Pdd Holdings Ads0.56%
Reliance Industries Ltd0.53%
Petroleo Brasileiro SA Petrobras0.47%
Yuanta Financial Holding0.47%
Infosys0.46%
Hdfc Bank0.45%
Cia Vale Do Rio Doce Sh0.45%
Tata Consultancy Services Ltd0.44%
Nan Ya Plastics Corp0.43%
Novatek Microelectronics0.40%
Bharti Airtel Ltd0.35%
Mahindra and Mahindra Ltd0.34%
Boc Hong Kong Holdings Ltd0.32%
Asia Vital Components0.32%
International Games System Ltd0.30%
Emirates Integrated Telecommunicat0.29%
Larsen and Toubro Ltd0.28%
Emirates Nbd0.28%
Ge Vernova T&D India Ltd0.28%
Coca-Cola Femsa Class Ubl Units0.27%
Indian Railway Finance Corp Ltd0.27%
B3 Brasil Bolsa Balcao SA0.27%
Lupin0.25%
Ooredoo0.24%
Fomento Economico Mexicano0.24%
National Bank of Greece0.24%
Naspers Limited Class N0.24%
Kuwait Finance House0.24%
Titan Company Ltd0.24%
King Slide Works0.23%
Bharat Electronics Ltd0.22%
Sal Saudi Logistics Service Co0.21%
Cummins India Ltd0.21%
Hcl Technologies Ltd0.21%
Komercni Bank0.21%
Emaar Development0.20%
International Container Terminal’s0.20%
Kweichow Moutai A0.20%
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%

Only in ROAM

163 securities, 39.9% of ROAM by weight

Tata Consultancy Svcs Ltd Common Stock INR1.01.09%
Tech Mahindra Ltd Common Stock INR5.01.08%
Taiwan Semiconductor Sp Adr Adr1.07%
Infosys Ltd Sp Adr Adr1.05%
Intl Container Term Svcs Inc Common Stock PHP1.00.95%
Hcl Technologies Ltd Common Stock INR2.00.94%
Coforge Limited Common Stock INR2.00.82%
Fomento Economico Mex Sp Adr Adr0.78%
Persistent Systems Ltd Common Stock INR5.00.77%
Oracle Financial Services Common Stock INR5.00.75%
Lenovo Group Ltd Common Stock0.67%
Enerjisa Enerji As Common Stock0.65%
Mphasis Ltd Common Stock INR10.00.62%
Grupa Kety SA Common Stock PLN2.50.59%
Tenaga Nasional Bhd Common Stock0.59%
Grupo Cibest SA Pref Preference0.55%
Sun Pharmaceutical Indus Common Stock INR1.00.52%
Ltm Ltd Common Stock INR1.00.51%
Tupras Turkiye Petrol Rafine Common Stock TRY1.00.49%
Trust Fibra Uno Reit0.44%
Latam Airlines Group SA Adr Adr0.42%
Anta Sports Products Ltd Common Stock HKD.10.41%
Kce Electronics Nvdr Nvdr THB.50.41%
Kingdee International Sftwr Common Stock HKD.0250.41%
Astra International Tbk Pt Common Stock IDR50.00.38%
Pldt Inc Common Stock PHP5.00.38%
The Saudi National Bank Common Stock SAR10.00.38%
Adaro Andalan Indonesia Pt Common Stock IDR3125.00.36%
Sf Holding Co H Common Stock CNY1.00.34%
Fsn E Commerce Ventures Ltd Common Stock INR1.00.34%
Lupin Ltd Common Stock INR2.00.34%
Wipro Ltd Adr Adr0.33%
Vale SA Sp Adr Adr0.33%
State Bank of India Common Stock INR1.00.32%
Bank Rakyat Indonesia Perser Common Stock IDR50.00.32%
Kunlun Energy Co Ltd Common Stock HKD.010.32%
China Mengniu Dairy Co Common Stock HKD.10.32%
Cspc Pharmaceutical Group Lt Common Stock0.31%
Tata Steel Ltd Common Stock INR1.00.30%
Prologis Property Mexico SA Reit0.30%
Redington Ltd Common Stock INR2.00.30%
Pidilite Industries Ltd Common Stock INR1.00.30%
Bdo Unibank Inc Common Stock PHP10.00.29%
Asian Paints Ltd Common Stock INR1.00.29%
Huaneng Power Intl Inc H Common Stock CNY1.00.28%
Malayan Banking Bhd Common Stock0.28%
United Plantations Bhd Common Stock0.28%
Laurus Labs Ltd Common Stock INR2.00.27%
China Resources Power Holdin Common Stock0.27%
Coca Cola Femsa Sab Sp Adr Adr0.27%

Weight gaps

The 100 widest of 167 Holdings in both funds.

Holding weights in EMGF and ROAM, widest gap first
Holding	More in EMGFMore in ROAM	EMGF	ROAM
Samsung Electronics Ltd	EMGF +5.17 points	6.16%	0.99%
Sk Hynix	EMGF +3.43 points	4.43%	1.00%
Tencent Holdings	EMGF +2.37 points	2.51%	0.14%
Aspeed Technology	ROAM +0.90 points	0.27%	1.17%
Realtek Semiconductor	ROAM +0.78 points	0.31%	1.09%
Mpi Corp	ROAM +0.78 points	0.09%	0.87%
Petrochina H	ROAM +0.77 points	0.14%	0.91%
Vitrox Corporation	ROAM +0.75 points	0.16%	0.91%
Samsung Fire & Marine Insurance Lt	ROAM +0.72 points	0.13%	0.85%
Petroleo Brasileiro Pref SA	ROAM +0.68 points	0.09%	0.77%
KT&G Corp	ROAM +0.62 points	0.23%	0.85%
Mediatek	EMGF +0.62 points	1.59%	0.97%
Saudi Arabian Oil	ROAM +0.62 points	0.34%	0.96%
Chroma Ate	ROAM +0.62 points	0.25%	0.87%
Agricultural Bank of China H	ROAM +0.59 points	0.21%	0.80%
Hon Hai Precision Industry	EMGF +0.58 points	0.80%	0.22%
Woori Financial Group Inc	ROAM +0.56 points	0.05%	0.61%
Samsung Biologics	ROAM +0.56 points	0.14%	0.70%
Jarir Marketing	ROAM +0.55 points	0.06%	0.61%
Samsung Electro Mechanics Ltd	ROAM +0.55 points	0.43%	0.98%
Orlen	ROAM +0.53 points	0.10%	0.63%
Al-Elm Information Security Compan	ROAM +0.51 points	0.11%	0.62%
Bim Birlesik Magazalar A	ROAM +0.47 points	0.05%	0.52%
Lg Electronics Inc	ROAM +0.48 points	0.08%	0.56%
Delta Electronics (Thailand) Non-V	ROAM +0.47 points	0.27%	0.74%
Saudi Telecom	ROAM +0.45 points	0.10%	0.55%
Zhen Ding Technology Holding Ltd	ROAM +0.45 points	0.06%	0.51%
Banco De Chile	ROAM +0.45 points	0.07%	0.52%
United Micro Electronics Corp	ROAM +0.44 points	0.36%	0.80%
Gpo Finance Banorte	ROAM +0.41 points	0.17%	0.58%
Ultrapar Participoes SA	ROAM +0.41 points	0.06%	0.47%
China Shenhua Energy Ltd H	ROAM +0.41 points	0.09%	0.50%
China Construction Bank Corp H	EMGF +0.40 points	1.21%	0.81%
Xiaomi	ROAM +0.40 points	0.34%	0.74%
Lpp SA	ROAM +0.39 points	0.21%	0.60%
New Oriental Education & Technolog	ROAM +0.40 points	0.02%	0.42%
Powszechna Kasa Oszczednosci Bank	ROAM +0.38 points	0.10%	0.48%
Fubon Financial Holding	EMGF +0.39 points	0.63%	0.24%
Jentech Precision Industrial Ltd	ROAM +0.38 points	0.19%	0.57%
Firstrand Ltd	ROAM +0.37 points	0.10%	0.47%
Advanced Info Service Non-Voting D	ROAM +0.37 points	0.18%	0.55%
Samsung Sdi Ltd	ROAM +0.37 points	0.14%	0.51%
Pharmaessentia	ROAM +0.37 points	0.01%	0.38%
Accton Technology	ROAM +0.36 points	0.32%	0.68%
Global Unichip	ROAM +0.36 points	0.32%	0.68%
Kia Corporation	ROAM +0.35 points	0.19%	0.54%
Bank Pekao SA	ROAM +0.32 points	0.04%	0.36%
Asustek Computer Inc	ROAM +0.32 points	0.25%	0.57%
China Merchants Bank H	ROAM +0.31 points	0.14%	0.45%
COM7 Non-Voting Dr	ROAM +0.31 points	0.01%	0.32%
Weg	ROAM +0.31 points	0.08%	0.39%
Largan Precision Ltd	ROAM +0.29 points	0.14%	0.43%
Bb Seguridade SA	ROAM +0.29 points	0.11%	0.40%
Public Bank	ROAM +0.29 points	0.04%	0.33%
Chunghwa Telecom Ltd	ROAM +0.28 points	0.14%	0.42%
Standard Bank Group	ROAM +0.29 points	0.14%	0.43%
Ctbc Financial Holding	EMGF +0.28 points	0.51%	0.23%
Aac Technologies Holdings	ROAM +0.27 points	0.05%	0.32%
Ping An Insurance (Group) Co of Ch	EMGF +0.27 points	0.36%	0.09%
Hyundai Motor	EMGF +0.26 points	0.32%	0.06%
Kb Financial Group	ROAM +0.25 points	0.39%	0.64%
Migros Ticaret A	ROAM +0.25 points	0.02%	0.27%
Cathay Financial Holding	EMGF +0.25 points	0.36%	0.11%
Bank Central Asia	ROAM +0.25 points	0.08%	0.33%
Wiwynn Corporation	ROAM +0.24 points	0.26%	0.50%
Shinhan Financial Group	ROAM +0.24 points	0.35%	0.59%
Press Metal Aluminium Holdings	ROAM +0.24 points	0.02%	0.26%
Beone Medicines AG	ROAM +0.24 points	0.20%	0.44%
E.sun Financial Holding	EMGF +0.23 points	0.34%	0.11%
Samsung Life Ltd	ROAM +0.22 points	0.16%	0.38%
Hana Financial Group	ROAM +0.22 points	0.32%	0.54%
Quanta Computer	EMGF +0.21 points	0.23%	0.02%
Lite On Technology	ROAM +0.22 points	0.20%	0.42%
America Movil B	ROAM +0.21 points	0.24%	0.45%
Kingboard Laminates Holdings Ltd	ROAM +0.20 points	0.04%	0.24%
Ptt Non-Voting Dr	ROAM +0.20 points	0.08%	0.28%
Elite Material	ROAM +0.20 points	0.40%	0.60%
Taiwan Cooperative Financial Holdi	EMGF +0.19 points	0.41%	0.22%
Perusahaan Gas Negara	ROAM +0.19 points	0.04%	0.23%
Unimicron Technology	EMGF +0.20 points	0.32%	0.12%
Telekomunikasi Indonesia	ROAM +0.20 points	0.02%	0.22%
Mtn Group	EMGF +0.18 points	0.23%	0.05%
China Citic Bank Corp Ltd H	ROAM +0.18 points	0.03%	0.21%
Wistron	ROAM +0.18 points	0.09%	0.27%
Innolux Corp	ROAM +0.18 points	0.08%	0.26%
Bumrungrad Hospital Non-Voting Dr	ROAM +0.17 points	0.08%	0.25%
Kingboard Holdings	ROAM +0.18 points	0.05%	0.23%
Bid Corporation	ROAM +0.17 points	0.05%	0.22%
Nu Holdings Class ANU	EMGF +0.16 points	0.35%	0.19%
Raia Drogasil	ROAM +0.16 points	<0.01%	0.17%
China Life Insurance Ltd H	EMGF +0.16 points	0.21%	0.05%
Sabic Agri-Nutrients	ROAM +0.15 points	0.14%	0.29%
Honprecision Inc	ROAM +0.15 points	0.16%	0.31%
Companhia De Saneamento Basico De	ROAM +0.14 points	0.09%	0.23%
Naver	ROAM +0.14 points	0.14%	0.28%
Sk Square	ROAM +0.14 points	0.53%	0.67%
Ls Electric Ltd	ROAM +0.14 points	0.05%	0.19%
Jd.com Class A	EMGF +0.14 points	0.22%	0.08%
Samsung C&T Corp	EMGF +0.14 points	0.18%	0.04%
Hansoh Pharmaceutical Group	ROAM +0.14 points	0.07%	0.20%

All 715 EMGF holdings⁠All 343 ROAM 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 ROAM Cost

Overpaying ROAM vs EMGF

$3,494

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

EMGF 0.26%
$5,358
ROAM 0.44%
$8,852

Amount$10,000

Years30 years

Cost over time

EMGF 0.26%
ROAM 0.44%
Overpaying

Year by year

Year	EMGF	ROAM	Overpaying
10	$473	$794	$321
20	$1,838	$3,061	$1,223
30	$5,358	$8,852	$3,494

Expense ratio

0.26%EMGF, cheaper
0.44%ROAM

EMGF0.26%ROAM0.44%

0.18%0.80%

Middle half of Emerging Markets Multifactor funds
Median 0.44%

EMGF 3rd cheapest of 20 funds

ROAM 10th cheapest of 20 funds

EMGF vs ROAM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EMGF 2.19%; ROAM 2.50%, better
Payout (12M): EMGF $1.44; ROAM $0.84
Last payment: EMGF $0.61; ROAM $0.33
Ex-dividend: EMGF Jun 15, 2026; ROAM Jun 25, 2026
Paid on: EMGF Jun 18, 2026; ROAM Jun 29, 2026
Frequency: EMGF Twice a year; ROAM Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EMGFTwice a year · 21 paymentsAll EMGF payments⁠

ROAMTwice a year · 19 paymentsAll ROAM payments⁠

EMGF vs ROAM Risk

Fall from peak · 5 years

EMGF
ROAM

Risk facts

VolatilityStd dev, 3 years: EMGF 16.3%ROAM 14.6%, better
Return per unit of riskSharpe ratio, 3 years: EMGF 1.09ROAM 1.21, better
Worst fallMax drawdown, 5 years: EMGF −27.1%ROAM −26.1%, better
Market sensitivityBeta, 5 years: EMGF 1.02ROAM 1.01; Market = 1

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