EMQQ
EMQQ The Emerging Markets Internet & Ecommerce ETF
The Emerging Markets Internet and Ecommerce ETF is an exchange-traded fund incorporated in the USA. The Fund tracks the performance of the Emerging Markets Internet Index™ by targeting companies whose primary business is e-commerce or Internet-related activities that generate most of their revenues in emerging market countries.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
341.4 M
ASSETS UNDER MGMT
86 bp
EXPENSES
Fund Basics
| Fund sponsor | Exchange Traded Concepts LLC |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 12, 2014 |
| Assets (mns) | $341 |
| Expense ratio | 86 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Statutory Trust |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| RELIANCE INDS-SPONS GDR 144A | 26.4 % |
| ALIBABA GROUP HOLDING LTD. | 9.8 % |
| TENCENT HOLDINGS LTD | 7.8 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 7.2 % |
| MEITUAN DIANPING | 6.3 % |
| SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 4.9 % |
| MERCADOLIBRE INC | 4.1 % |
| JD.COM, INC. CLASS A | 3.7 % |
| BAJAJ FINANCE LIMITED | 3.5 % |
| NU HOLDINGS LTD. CLASS A | 3.5 % |
Constituent Breakdown
| Number of holdings | 78 |
| Herfindahl-Hirschman Index | 1,091 |
| Wgt avg mkt cap (mns) | $153,171 |
| Large cap (>$10bn) | 91.2% |
| Mid cap ($2-10bn) | 8.4% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 19.5% |
| Emerging mkts. | 80.5% |
Country Exposure
 |
CHINA | 46.9 % |
 |
INDIA | 35.1 % |
 |
SOUTH KOREA | 7.1 % |
 |
SINGAPORE | 6.4 % |
 |
ARGENTINA | 4.3 % |
 |
CAYMAN ISLANDS | 3.5 % |
 |
KAZAKHSTAN | 2.7 % |
 |
BRAZIL | 1.3 % |
 |
POLAND | 1.0 % |
 |
HONG KONG | 0.9 % |
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 | 9.9% | 25.7% | 11.7% | 1.5% | 2.1% | 5.2% | -- | 3.7% |
| Dividend Yield | 0.8% | -3.8% | -4.2% | 2.7% | 1.3% | -0.1% | -- | 0.4% |
| Total Returns | 10.7% | 21.9% | 7.4% | 4.1% | 3.3% | 5.0% | -- | 4.1% | Ann. Volatility | 25.1% | 22.7% | 24.3% | 35.9% | 36.5% | 30.9% | -- | 30.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.64 | 13% |
| MSCI EAFE | 1.06 | 34% |
| MSCI Emg Mkts | 1.61 | 79% |
Liquidity Measures
| Avg. volume (000) | 69 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $4,797 |
Technical Indicators
| Recent close | $37.11 |
| 30d moving avg. | $37.72 |
| Annualized volatility | 31.4% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.2% |
| 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. EMQQ |
Expenses vs. EMQQ |
ALTAR Score™ vs. EMQQ |
|---|---|---|---|---|
| FMQQ | FMQQ The Next Frontier Internet & Ecommerce ETF | 63.4% | 0 bp | -14.1% |
| FDNI | First Trust Dow Jones International Internet ETF | 50.1% | -21 bp | +6.4% |
| KWEB | KraneShares CSI China Internet ETF | 45.4% | -17 bp | +14.2% |
| KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 42.9% | -26 bp | -0.6% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 37.0% | -17 bp | +6.6% |
| MINV | Matthews Asia Innovators Active ETF | 36.4% | -7 bp | -6.2% |
| INQQ | India Internet & Ecommerce ETF | 35.5% | 0 bp | -13.4% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 34.6% | -54 bp | +4.7% |
| FLCH | Franklin FTSE China ETF | 33.7% | -67 bp | +3.8% |
| FXI | iShares China Large-Cap ETF | 33.6% | -12 bp | +4.8% |
Risk and Returns: EMQQ 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
EMQQ
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
EMQQ
14.4%
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%. EMQQ's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places EMQQ in the 86th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EMQQSELL
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 |
| EMQQ (86 bp) Percentile rank | 76 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EMQQ | 86.0 | 16.8 | 102.8 |
| Peer Avg. | 62.0 | 45.1 | 107.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .