Data Source: from December 2013 to October 2022 (~9 years)
Consolidated Returns as of 31 October 2022
Live Update: Nov 29 2022, 03:22PM Eastern Time
Category: Stocks
ETF: Global X MSCI Next Emerging & Frontier ETF (EMFM)
ETF • LIVE PERFORMANCE (USD currency)
0.11%
1 Day
Nov 29 2022, 03:22PM Eastern Time
3.47%
Current Month
November 2022

In the last 5 Years, the Global X MSCI Next Emerging & Frontier ETF (EMFM) ETF obtained a -2.01% compound annual return, with a 16.83% standard deviation.

In 2021, the ETF granted a 2.32% dividend yield. If you are interested in getting periodic income, please refer to the Global X MSCI Next Emerging & Frontier ETF (EMFM) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: Emerging Markets
  • Country: Broad Emerging Markets

Historical Returns as of Oct 31, 2022

Historical returns and Metrics of Global X MSCI Next Emerging & Frontier ETF (EMFM) ETF.

Returns and metrics are calculated based on monthly returns, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends
GLOBAL X MSCI NEXT EMERGING & FRONTIER ETF (EMFM) ETF
Portfolio Metrics
Data Source: 1 December 2013 - 31 October 2022 (~9 years)
Swipe left to see all data
Metrics as of Oct 31, 2022
1M 3M 6M 1Y 3Y 5Y MAX
(~9Y)
Portfolio
Return (%)
4.07 -3.71 -11.11 -11.60 -0.79 -2.01 -1.07
US Inflation (%) 0.41 0.59 3.08 7.75 5.01 3.85 2.79
Infl. Adjusted
Return (%)
3.65 -4.27 -13.76 -17.96 -5.53 -5.64 -3.76
Returns / Inflation rates over 1 year are annualized.
RISK INDICATORS
Standard Deviation (%) 14.09 18.64 16.83 16.13
Sharpe Ratio -0.87 -0.06 -0.18 -0.31
Sortino Ratio -1.13 -0.08 -0.23 -0.42
MAXIMUM DRAWDOWN
Drawdown Depth (%) -18.58 -29.18 -39.98 -39.98
Start (yyyy mm) 2022 04 2020 01 2018 02 2018 02
Bottom (yyyy mm) 2022 09 2020 03 2020 03 2020 03
Start to Bottom (# months) 6 3 26 26
Start to Recovery (# months) in progress
> 7
16
> 57
> 57
ROLLING PERIOD RETURNS - Annualized
Best Return (%) 39.51 10.58 4.97
Worst Return (%) -28.98 -8.69 -6.07
% Positive Periods 48% 54% 48%
MONTHS
Positive 1 1 2 6 19 29 55
Negative 0 2 4 6 17 31 52
% Positive 100% 33% 33% 50% 53% 48% 51%
WITHDRAWAL RATES (WR)
Safe WR (%) 33.41 18.30 9.53
Perpetual WR (%) 0.00 0.00 0.00
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
  • Standard Deviation: it's a measure of the dispersion of returns around the mean
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
  • Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
  • Rolling Returns: returns over a time frame (best, worst, % of positive returns).
  • Pos./Neg. Months: number of months with positive/negative return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).

Correlations as of Oct 31, 2022

Monthly correlations of Global X MSCI Next Emerging & Frontier ETF (EMFM) ETF vs the main Asset Classes, over different timeframes.

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1.

If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.

Asset correlations are calculated based on monthly returns.

Columns are sortable (click on table header to sort).

GLOBAL X MSCI NEXT EMERGING & FRONTIER ETF (EMFM) ETF
Monthly correlations as of 31 October 2022
Swipe left to see all data
Correlation vs EMFM
 
Asset Class 1 Year 5 Years Since
Dec 2013
US Total Stock Market
VTI
0.74
0.75
0.67
US Large Cap
SPY
0.74
0.74
0.67
US Small Cap
IJR
0.73
0.74
0.58
US REITs
VNQ
0.65
0.62
0.51
US Technology
QQQ
0.59
0.59
0.55
Preferred Stocks
PFF
0.45
0.61
0.56
EAFE Stocks
EFA
0.78
0.85
0.79
World All Countries
VT
0.78
0.82
0.77
Emerging Markets
EEM
0.71
0.81
0.84
Europe
VGK
0.74
0.83
0.77
Pacific
VPL
0.80
0.82
0.77
Latin America
FLLA
0.84
0.83
0.84
US Total Bond Market
BND
0.36
0.19
0.21
Long Term Treasuries
TLT
0.14
-0.22
-0.12
US Cash
BIL
-0.17
-0.33
-0.17
TIPS
TIP
0.61
0.33
0.36
Invest. Grade Bonds
LQD
0.46
0.46
0.44
High Yield Bonds
HYG
0.68
0.68
0.66
International Bonds
BNDX
0.37
0.26
0.21
Emerg. Market Bonds
EMB
0.64
0.72
0.70
Gold
GLD
0.36
0.20
0.28
Commodities
DBC
0.70
0.62
0.56

Capital Growth as of Oct 31, 2022

Capital growth, returns, stats are calculated assuming a reinvestment of dividends.

If you are interested in getting periodic income, please refer to the Global X MSCI Next Emerging & Frontier ETF (EMFM) ETF: Dividend Yield page.

An investment of 1000$, since November 2017, now would be worth 903.59$, with a total return of -9.64% (-2.01% annualized).

The Inflation Adjusted Capital now would be 747.90$, with a net total return of -25.21% (-5.64% annualized).
An investment of 1000$, since December 2013, now would be worth 908.55$, with a total return of -9.14% (-1.07% annualized).

The Inflation Adjusted Capital now would be 710.56$, with a net total return of -28.94% (-3.76% annualized).

Drawdowns

Worst drawdowns since November 2017.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-39.98% Feb 2018 Mar 2020 26 in progress 31 57
-0.43% Nov 2017 Nov 2017 1 Dec 2017 1 2

Worst drawdowns since December 2013.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-39.98% Feb 2018 Mar 2020 26 in progress 31 57
-34.99% Sep 2014 Jan 2016 17 Jan 2018 24 41
-5.92% Dec 2013 Jan 2014 2 Feb 2014 1 3

Rolling Returns ( more details)

Global X MSCI Next Emerging & Frontier ETF (EMFM) ETF: annualized rolling and average returns

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Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
0.68 39.51
Apr 2020 - Mar 2021
-28.98
Oct 2014 - Sep 2015
52.08%
2 Years
0.63 26.07
Apr 2020 - Mar 2022
-21.01
Apr 2018 - Mar 2020
45.24%
3 Years
0.20 10.58
Feb 2016 - Jan 2019
-8.69
Apr 2017 - Mar 2020
45.83%
5 Years
0.27 4.97
Jan 2016 - Dec 2020
-6.07
Apr 2015 - Mar 2020
52.08%
7 Years
0.13 2.55
Sep 2015 - Aug 2022
-1.84
Dec 2013 - Nov 2020
50.00%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the Global X MSCI Next Emerging & Frontier ETF (EMFM) ETF: Rolling Returns page.

Seasonality

Global X MSCI Next Emerging & Frontier ETF (EMFM) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
2.08
60%
-2.07
40%
-3.50
40%
0.89
60%
-0.74
40%
-1.07
40%
1.12
40%
-0.41
40%
-1.93
40%
0.03
60%
1.74
40%
3.30
80%
 Capital Growth on monthly avg returns
100
102.08
99.97
96.47
97.33
96.61
95.57
96.64
96.25
94.39
94.42
96.07
99.23
Best 7.5
2019
1.7
2022
2.5
2021
7.4
2020
3.9
2020
4.1
2019
5.3
2018
5.7
2021
1.2
2018
4.1
2022
12.1
2020
5.8
2020
Worst -3.6
2020
-9.0
2020
-19.2
2020
-4.7
2022
-7.2
2018
-8.0
2022
-1.8
2021
-5.9
2018
-7.3
2022
-6.6
2018
-4.4
2021
-1.4
2018
Monthly Seasonality over the period Nov 2017 - Oct 2022
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.81
44%
0.33
67%
-0.42
56%
1.88
78%
-1.20
44%
0.11
56%
1.20
56%
-0.98
44%
-2.33
33%
0.28
56%
-0.72
25%
1.20
56%
 Capital Growth on monthly avg returns
100
100.81
101.14
100.72
102.61
101.38
101.49
102.71
101.70
99.33
99.62
98.90
100.09
Best 7.6
2017
6.5
2014
12.3
2016
7.4
2020
3.9
2020
7.1
2016
5.3
2018
5.7
2021
1.2
2018
5.6
2015
12.1
2020
5.8
2020
Worst -4.9
2014
-9.0
2020
-19.2
2020
-4.7
2022
-7.2
2018
-8.0
2022
-4.9
2015
-8.5
2015
-7.3
2022
-6.6
2018
-9.2
2016
-4.9
2014
Monthly Seasonality over the period Dec 2013 - Oct 2022

Monthly/Yearly Returns

Global X MSCI Next Emerging & Frontier ETF (EMFM) ETF data source starts from December 2013: let's focus on monthly and yearly returns.

We are providing two different views:
  • Histogram: it shows the distribution of the returns recorded so far
  • Plain Table: it shows the detailed monthly and yearly returns
MONTHLY RETURNS HISTOGRAM
Dec 2013 - Oct 2022
55 Positive Months (51%) - 52 Negative Months (49%)
MONTHLY RETURNS TABLE
Dec 2013 - Oct 2022
(Scroll down to see all data)
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022
-9.93 -15.74 2.8 1.7 1.6 -4.7 -2.2 -8.0 2.7 -0.2 -7.3 4.1
2021
+8.61 +1.47 -2.6 1.5 2.5 2.2 3.1 -0.9 -1.8 5.7 -2.0 2.9 -4.4 2.7
2020
-2.52 -3.83 -3.6 -9.0 -19.2 7.4 3.9 3.5 -0.1 3.2 -1.8 -0.7 12.1 5.8
2019
+6.22 +3.84 7.5 -2.1 -1.0 1.5 -1.3 4.1 -0.5 -4.9 0.3 0.5 -1.2 3.7
2018
-15.25 -16.84 6.2 -2.5 -1.4 -2.0 -7.2 -3.9 5.3 -5.9 1.2 -6.6 2.7 -1.4
2017
+32.13 +29.40 7.6 0.7 2.1 2.9 1.8 0.5 5.1 2.6 -0.4 0.3 -0.4 5.7
2016
+9.90 +7.67 -2.1 2.5 12.3 3.0 -6.2 7.1 4.7 -2.5 0.5 -1.7 -9.2 3.0
2015
-24.21 -24.76 -3.6 3.6 -3.9 4.1 -3.5 -2.0 -4.9 -8.5 -6.4 5.6 -4.1 -2.7
2014
-2.79 -3.52 -4.9 6.5 3.3 2.5 0.8 0.7 0.3 1.6 -5.1 -1.8 -1.1 -4.9
2013
- - -1.1
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