FMQQvsEMQQETF Comparison
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The Next Frontier Internet & Ecommerce ETF (FMQQ) and The Emerging Markets Internet ETF (EMQQ) belong to the same industry segment: EM Awakening. FMQQ's top 3 sector exposures are Finance, Consumer Non-Cyclicals and Consumer Services. In contrast, EMQQ's top sector exposures are Consumer Non-Cyclicals, Technology and Finance. Both FMQQ and EMQQ have the same Total Expense Ratio (TER) of 0.86%. FMQQ is down -13.96% year-to-date (YTD) with -$7M in YTD flows. EMQQ performs worse with -23.62% YTD performance, and -$44M in YTD flows. Run a side-by-side ETF comparison of FMQQ and EMQQ 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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FMQQ vs EMQQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMQQ EMQQ | -3.88%-2.19% | -7.25%-12.12% | -13.96%-23.62% | -19.10%-28.62% | +15.98%+7.91% | -51.75%-36.49% |
| Flows | FMQQ EMQQ | -$3M+$51K | -$4M-$17M | -$7M-$44M | -$10M-$46M | -$5M-$243M | +$16M-$562M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMQQ EMQQ | +22.70%+17.44% | +19.42%+18.54% | +16.69%+19.52% | +22.07%+26.95% |
| Max drawdown | FMQQ EMQQ | -14.88%-17.15% | -26.22%-32.33% | -30.52%-35.84% | -63.74%-59.16% |
| Max drawdown duration | FMQQ EMQQ | 71d85d | 364d364d | 412d413d | 1815d1809d |
Trading data
FMQQ | EMQQ | |
Last sale 11/5/2026 at 6:40 PM | $11.74 | $31.01 |
| Previous close 11/04/2026 | $11.94 | $31.13 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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FMQQ | EMQQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 11/5/2026 at 6:40 PM
Live
Closed
FMQQ | EMQQ | |
|---|---|---|
| Last price | $11.74 | $31.01 |
| 1D performance | -1.67% | -0.41% |
| AuM | $16.07 M | $231.10 M |
| E/R | 0.86% | 0.86% |
Characteristics
FMQQ | EMQQ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Exchange Traded Concepts | Exchange Traded Concepts |
| Benchmark | FMQQ The Next Frontier Internet & Ecommerce Index | EMQQ The Emerging Markets Internet Index |
| N° of holdings | 36 | 55 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 27, 2021 | November 12, 2014 |
| ESG | No | No |
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Exposure
Countries
FMQQ
India
46.61%
Brazil
13.01%
Singapore
11.31%
Uruguay
8.08%
Other
21%
EMQQ
China
30.87%
India
20.81%
Singapore
10.23%
Uruguay
8.67%
Brazil
7.64%
Other
21.78%
Sectors
FMQQ
Finance
34.91%
Consumer Non-Cycl.
28.12%
Consumer Services
17.11%
Technology
9.57%
Energy
7.02%
Other
3.27%
EMQQ
Consumer Non-Cycl.
36.49%
Technology
20.09%
Finance
17.13%
Consumer Services
13.08%
Energy
7.46%
Other
5.75%
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Diversification
FMQQ
Total weight of top 15 holdings out of 15
74.76%
EMQQ
Total weight of top 15 holdings out of 15
74.09%
Top 15 holdings
Data as of September 30, 2026
FMQQ
MercadoLibre, Inc.
7.53%
Sea Ltd. (Singapore)
7.41%
Reliance Industries Ltd.
7.02%
Bajaj Finance Ltd.
6.19%
Nu Holdings Ltd.
6.17%
Allegro.eu SA
5.93%
Eternal Ltd.
5.61%
XP, Inc.
4.74%
Kaspi.kz JSC
4.61%
Jio Financial Services Ltd.
3.94%
Grab Holdings Ltd. (Singapore)
3.89%
One 97 Communications Ltd.
3.18%
Lenskart Solutions Ltd.
3.06%
NAVER Corp.
2.92%
Coupang, Inc.
2.56%
EMQQ
MercadoLibre, Inc.
8.54%
Reliance Industries Ltd.
7.46%
Sea Ltd. (Singapore)
7.11%
Tencent Holdings Ltd.
7.00%
PDD Holdings, Inc.
6.40%
Alibaba Group Holding Ltd.
6.11%
Nu Holdings Ltd.
6.07%
Meituan
4.10%
Bajaj Finance Ltd.
3.59%
NetEase, Inc.
3.56%
Eternal Ltd.
3.34%
JD.com, Inc.
3.07%
Naspers Ltd.
2.71%
NAVER Corp.
2.67%
Coupang, Inc.
2.35%
Frequently asked questions about FMQQ and EMQQ
How have the FMQQ and EMQQ ETFs performed in 2026?
As of November 4, 2026, FMQQ is down -13.96% year-to-date (YTD), while EMQQ has lost -23.62%. That puts FMQQ better performer ahead so far this year.
Which ETF is attracting more investor money: FMQQ or EMQQ?
Year-to-date, the FMQQ ETF saw -$7M in flows, compared to -$44M for EMQQ.
Which ETF is more volatile: FMQQ or EMQQ?
Over the past year, FMQQ had a volatility of 19.42%, while EMQQ experienced 18.54%.
Which ETF is bigger: FMQQ or EMQQ?
As of November 4, 2026, FMQQ holds $16.07 M in assets under management (AUM), while EMQQ manages $231.10 M.
What sectors do the FMQQ and EMQQ ETFs invest in?
FMQQ leans toward sectors like Finance, Consumer Non-Cyclicals and Consumer Services. Meanwhile, EMQQ focuses on Consumer Non-Cyclicals, Technology and Finance.
What are the top holdings of the FMQQ ETF and EMQQ ETF?
FMQQ top holdings include MercadoLibre, Inc., Sea Ltd. (Singapore) and Reliance Industries Ltd.. EMQQ holds in its top three: MercadoLibre, Inc., Reliance Industries Ltd. and Sea Ltd. (Singapore).
Which ETF is more diversified: FMQQ or EMQQ?
FMQQ holds 36 securities with 74.76% of its assets in the top 15. EMQQ has 55 securities and a top 15 weight of 74.09%.
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Latest news about FMQQ & EMQQ
Surprising emerging markets where opportunity abounds
July 17, 2025
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Ask the Manager: Kevin Carter on Why India is the "Perfect Emerging Market"
February 13, 2025
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