EMCR
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF
EMCR tracks an index of large- and midcap emerging market stocks that are selected based on ESG criteria. Holdings are weighted in tiers, in favor of low carbon intensity
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
39.1 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | Deutsche Bank |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 06, 2018 |
| Assets (mns) | $39 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 15.6 % |
| TENCENT HOLDINGS LTD | 8.8 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 3.3 % |
| MEITUAN DIANPING | 2.4 % |
| SAMSUNG ELECTRONICS CO LTD | 2.2 % |
| CHINA CONSTRUCTION BANK-H | 1.7 % |
| INFOSYS TECHNOLOGIES LTD | 1.5 % |
| HYNIX SEMICONDUCTOR INC | 1.3 % |
| XIAOMI CORP. CLASS B | 1.3 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.3 % |
Constituent Breakdown
| Number of holdings | 1333 |
| Herfindahl-Hirschman Index | 376 |
| Wgt avg mkt cap (mns) | $236,508 |
| Large cap (>$10bn) | 82.3% |
| Mid cap ($2-10bn) | 15.8% |
| Small cap (<$2bn) | 1.1% |
| Developed mkts. | 6.5% |
| Emerging mkts. | 93.5% |
Country Exposure
 |
CHINA | 36.7 % |
 |
TAIWAN | 27.3 % |
 |
INDIA | 16.1 % |
 |
SOUTH KOREA | 9.7 % |
 |
SOUTH AFRICA | 4.2 % |
 |
BRAZIL | 3.5 % |
 |
SAUDI ARABIA | 2.8 % |
 |
UAE | 2.8 % |
 |
MEXICO | 1.9 % |
 |
INDONESIA | 1.8 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.5% | 6.9% | 6.6% | -2.1% | 3.1% | -- | -- | 3.3% |
| Dividend Yield | 0.0% | -2.8% | -2.1% | 1.6% | -3.1% | -- | -- | -5.4% |
| Total Returns | 3.5% | 4.2% | 4.5% | -0.4% | -- | -- | -- | -2.1% | Ann. Volatility | 15.5% | 17.4% | 16.5% | 19.3% | 21.0% | -- | -- | 19.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.70 | 43% |
| MSCI EAFE | 0.85 | 63% |
| MSCI Emg Mkts | 1.05 | 98% |
Liquidity Measures
| Avg. volume (000) | 9 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.34% |
| ADV of underlying (mns) | $61,415 |
Technical Indicators
| Recent close | $28.96 |
| 30d moving avg. | $29.27 |
| Annualized volatility | 18.5% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EMCR |
Expenses vs. EMCR |
ALTAR Score™ vs. EMCR |
|---|---|---|---|---|
| BKEM | BNY Mellon Emerging Markets Equity ETF | 70.2% | -4 bp | +3.3% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 69.6% | +21 bp | +2.6% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 69.2% | +15 bp | +1.9% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 68.9% | +51 bp | +1.7% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 68.4% | 0 bp | +2.2% |
| EEM | iShares MSCI Emerging Markets ETF | 65.2% | +54 bp | +2.2% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 62.6% | +34 bp | +2.2% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 61.7% | +4 bp | +2.3% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 61.2% | +10 bp | -0.8% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 60.2% | +34 bp | +2.0% |
Risk and Returns: EMCR vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2024 | 2025E | Fwd Est | 2026E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/23/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EMCR
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
EMCR
8.9%
Cat. Avg
10.0%
ALTAR Score™ Calculation
Category Overview
There are 154 funds in the Emerging Equity category, with an average ALTAR Score™
of 10.0% and a standard deviation of
4.2%. EMCR's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places EMCR in the 40th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EMCRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| EMCR (15 bp) Percentile rank | 4 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EMCR | 15.0 | 33.8 | 48.8 |
| Peer Avg. | 62.0 | 45.1 | 107.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .