Harbor Emerging Markets Select ETF (EMES) Performance
EMES total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.8% since Dec 31, 2025
- 1 year
- +13.4% total return
- Since first price
- +28.2% since 2025
EMES trailing returns vs SPY, QQQ, AGG
| Period | EMES total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −10.8% | −10.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.2% | −6.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.5% | −2.5% | +7.8% | +8.4% | −1.5% |
| YTD | +13.8% | +13.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.4% | +12.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionMay 15, 2025 | +28.2% | +27.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EMES vs SPY
From May 15, 2025: EMES grew to $12,816, SPY to $13,084.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EMES returns by calendar year
2026 is year to date.
EMES annual returns table
| Year | EMES | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.8% | −14.4% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EMES largest drawdowns
Now 14.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 22, 2026 | −14.4% | Oct 22, 2026 | not yet | 4 months | 4 months so far |
| Feb 25, 2026 | −13.0% | Mar 30, 2026 | Apr 14, 2026 | 33 days | 48 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EMES risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +30.4% |
| Volatility (annualized) | 20.7% |
| Sharpe ratio | 1.21 |
| Sortino ratio | 2.47 |
| Best month | +16.5% |
| Worst month | −8.4% |
| Best 12 months | +45.8% |
| Worst 12 months | +26.6% |
| Positive months | 69% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EMES rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 6 | +12.0% | +36.5% | +45.8% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
EMES performance overview
Harbor Emerging Markets Select ETF (EMES) returned +13.4% over the past year, with distributions reinvested. Since its first recorded price on May 15, 2025 it has returned +28.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −14.4%, from Jun 22, 2026 to Oct 22, 2026; the fund has not yet regained that high. Volatility has been 20.7% a year.
Related: EMES chart, EMES holdings, EMES dividends. See the EMES overview for the latest quote and fund facts.
EMES performance FAQ
What is the EMES return over the past year?
EMES returned +13.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.7%.
How much would $10,000 invested in EMES be worth?
$10,000 invested in EMES at its first recorded close on May 15, 2025 would be worth about $12,816 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of EMES?
The largest peak-to-trough decline was −14.4% between June 22, 2026 and October 22, 2026. It has not yet recovered to that high; it is 14.0% below its peak.
How volatile is EMES?
Over the past history EMES had an annualized volatility of 20.7% and a Sharpe ratio of 1.21 (excess return over 1–3 month T-bills per unit of risk).