EMDMvsEWYETF Comparison
ETF 1
EMDM
First Trust Bloomberg Emerging Market Democracies ETF
This fund is part of
EM Large & Mid Cap
-0.01%
VS
First Trust Bloomberg Emerging Market Democracies ETF (EMDM) and iShares MSCI South Korea ETF (EWY) belong to the same industry segment: EM Large & Mid Cap. EMDM's top 3 sector exposures are Technology, Finance and Non-Energy Materials. In contrast, EWY's top sector exposures are Technology, Industrials and Finance. EMDM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.59% for EWY. EMDM is up 23.79% year-to-date (YTD) with +$26M in YTD flows. EWY performs better with 56.41% YTD performance, and +$8.18B in YTD flows. Run a side-by-side ETF comparison of EMDM and EWY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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EMDM vs EWY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EMDM EWY | -8.29%-16.05% | -3.39%-5.14% | +23.79%+56.41% | +32.13%+66.18% | +120.60%+200.53% | n/a+107.62% |
| Flows | EMDM EWY | +$4M+$457M | +$4M+$437M | +$26M+$8.18B | +$27M+$9.28B | +$30M+$10.29B | -+$9.63B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EMDM EWY | +23.28%+51.21% | +26.27%+54.10% | +20.03%+36.75% | n/a+31.69% |
| Max drawdown | EMDM EWY | -12.14%-21.94% | -15.15%-35.20% | -16.56%-35.20% | n/a-40.82% |
| Max drawdown duration | EMDM EWY | 48d21d | 68d127d | 228d127d | n/a1414d |
Trading data
EMDM | EWY | |
Last sale 10/27/2026 at 1:30 PM | $38.71 | $157.46 |
| Previous close 10/26/2026 | $38.29 | $152.72 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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EMDM | EWY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
EMDM | EWY | |
|---|---|---|
| Last price | $38.71 | $157.46 |
| 1D performance | +1.09% | +3.10% |
| AuM | $40.11 M | $22.51 B |
| E/R | 0.75% | 0.59% |
Characteristics
EMDM | EWY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | Bloomberg Emerging Market Democracies Index | MSCI Korea 25/50 Index |
| N° of holdings | 90 | 75 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 2, 2023 | May 9, 2000 |
| ESG | No | No |
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Exposure
Countries
EMDM
Republic of Korea
20.77%
Taiwan
18.03%
India
10.96%
Brazil
10.15%
Mexico
8.69%
South Africa
8.52%
Other
22.88%
EWY
Republic of Korea
99.49%
Other
0.51%
Sectors
EMDM
Technology
34.92%
Finance
24.17%
Non-Energy Materi.
15.11%
Other
25.8%
EWY
Technology
53.05%
Industrials
16.09%
Finance
14.57%
Other
16.29%
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Diversification
EMDM
Total weight of top 15 holdings out of 15
53.94%
EWY
Total weight of top 15 holdings out of 15
66.67%
Top 15 holdings
Data as of August 31, 2026
EMDM
Taiwan Semiconductor Manufacturing Co., Ltd.
11.90%
Samsung Electronics Co., Ltd.
10.72%
SK hynix, Inc.
6.24%
Grupo México S.A.B. de C.V.
4.28%
Anglogold Ashanti Plc
2.57%
Petróleo Brasileiro SA
2.51%
OTP Bank Nyrt
2.06%
Gold Fields Ltd.
1.92%
PKO Bank Polski SA
1.90%
Vale SA
1.77%
ORLEN SA
1.76%
HDFC Bank Ltd.
1.64%
Grupo Financiero Banorte SAB de CV
1.64%
ICICI Bank Ltd.
1.58%
Itaú Unibanco Holding SA
1.45%
EWY
SK hynix, Inc.
23.69%
Samsung Electronics Co., Ltd.
22.24%
SK Square Co. Ltd.
2.86%
Samsung Electro-Mechanics Co., Ltd.
2.66%
KB Financial Group, Inc.
2.00%
Hyundai Motor Co.
1.72%
Shinhan Financial Group Co., Ltd.
1.62%
Hana Financial Group, Inc.
1.38%
HANWHA AEROSPACE Co., Ltd.
1.31%
Samsung SDI Co., Ltd.
1.29%
Doosan Enerbility Co., Ltd.
1.29%
NAVER Corp.
1.20%
Samsung C&T Corp.
1.17%
Kia Corp.
1.13%
Celltrion, Inc.
1.12%
Frequently asked questions about EMDM and EWY
How have the EMDM and EWY ETFs performed in 2026?
As of October 26, 2026, EMDM is up 23.79% year-to-date (YTD), while EWY has returned 56.41%. That puts EWY better performer ahead so far this year.
Which ETF is attracting more investor money: EMDM or EWY?
Year-to-date, the EMDM ETF saw +$26M in flows, compared to +$8.18B for EWY.
Which ETF is more volatile: EMDM or EWY?
Over the past year, EMDM had a volatility of 26.27%, while EWY experienced 54.1%.
Which ETF is bigger: EMDM or EWY?
As of October 26, 2026, EMDM holds $40.11 M in assets under management (AUM), while EWY manages $22.51 B.
What sectors do the EMDM and EWY ETFs invest in?
EMDM leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, EWY focuses on Technology, Industrials and Finance.
What are the top holdings of the EMDM ETF and EWY ETF?
EMDM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. EWY holds in its top three: SK hynix, Inc., Samsung Electronics Co., Ltd. and SK Square Co. Ltd..
Which ETF is more diversified: EMDM or EWY?
EMDM holds 91 securities with 53.94% of its assets in the top 15. EWY has 78 securities and a top 15 weight of 66.67%.
Latest news about EMDM & EWY
Surge in Asian ETFs Driven by Technology Boom
June 10, 2024
EWY
First Trust Launches the First Trust Emerging Markets Human Flourishing ETF
November 29, 2023
EMDM
An introduction to Country-Based ETFs
July 7, 2022
EWY
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