WisdomTree Emerging Markets Multifactor Fund (EMMF) Performance
EMMF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.7% since Dec 31, 2025
- 1 year
- +13.4% total return
- 5 years
- +8.7% a year
- Since first price
- +6.8% a year since 2018
EMMF trailing returns vs SPY, QQQ, AGG
| Period | EMMF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −9.3% | −9.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.4% | −5.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.2% | −2.2% | +7.8% | +8.4% | −1.5% |
| YTD | +11.7% | +10.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.4% | +11.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +64.4%+18.0%/yr | +55.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +51.8%+8.7%/yr | +36.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionAug 10, 2018 | +71.0%+6.8%/yr | +41.8% | — | — | — |
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: EMMF vs SPY
From Aug 10, 2018: EMMF grew to $17,098, SPY to $30,389.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EMMF returns by calendar year
6 of 7 full years positive. Best 2025 (+21.2%), worst 2022 (−13.5%). 2026 is year to date.
EMMF annual returns table
| Year | EMMF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.7% | −14.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +21.2% | −10.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.4% | −7.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.6% | −7.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.5% | −22.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +6.0% | −9.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +9.3% | −30.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +2.3% | −11.8% | +31.2% | +39.0% | +8.5% |
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.
EMMF largest drawdowns
Now 13.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 29, 2018 | −32.6% | Mar 23, 2020 | Dec 4, 2020 | 1.6 years | 2.3 years |
| Jun 1, 2021 | −25.2% | Sep 30, 2022 | Feb 6, 2024 | 1.3 years | 2.7 years |
| Sep 26, 2024 | −16.0% | Apr 8, 2025 | Jun 24, 2025 | 6 months | 9 months |
| Jun 1, 2026 | −14.4% | Jul 29, 2026 | not yet | 58 days | 5 months so far |
| Feb 27, 2026 | −10.6% | Mar 30, 2026 | Apr 17, 2026 | 31 days | 49 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EMMF risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +20.1% | +10.8% | +7.9% |
| Volatility (annualized) | 13.6% | 13.8% | 14.1% |
| Sharpe ratio | 1.10 | 0.56 | 0.43 |
| Sortino ratio | 2.04 | 0.92 | 0.64 |
| Best month | +10.2% | +10.2% | +10.2% |
| Worst month | −7.7% | −7.7% | −13.2% |
| Best 12 months | +48.0% | +48.0% | +49.8% |
| Worst 12 months | +2.0% | −20.6% | −23.4% |
| Positive months | 69% | 62% | 60% |
| Beta vs S&P 500 | 0.68 | 0.59 | — |
| Correlation with S&P 500 | 0.62 | 0.67 | — |
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.
EMMF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 87 | −23.4% | +9.4% | +49.8% | 70% |
| 3-year (a year) | 63 | −1.0% | +4.9% | +24.5% | 95% |
| 5-year (a year) | 39 | +1.2% | +8.0% | +11.0% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
EMMF performance overview
WisdomTree Emerging Markets Multifactor Fund (EMMF) returned +13.4% over the past year and +8.7% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +6.8% a year, turning $10,000 into about $17,098. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −32.6%, from Aug 29, 2018 to Mar 23, 2020, and it took 8 months to get back to the old high. EMMF finished 6 of its 7 full calendar years with a gain; the best year was 2025 (+21.2%) and the worst 2022 (−13.5%). Volatility has been 14.1% a year.
Related: EMMF chart, EMMF holdings, EMMF dividends. See the EMMF overview for the latest quote and fund facts.
EMMF performance FAQ
What is the EMMF return over the past year?
EMMF returned +13.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.1%.
What is the average annual return of EMMF?
EMMF has returned +8.7% a year over 5 years, +6.8% a year since August 10, 2018 (total return, distributions reinvested).
How much would $10,000 invested in EMMF be worth?
$10,000 invested in EMMF at its first recorded close on August 10, 2018 would be worth about $17,098 on October 23, 2026 with distributions reinvested.
What was the worst year for EMMF?
The worst calendar year was 2022, with a total return of −13.5%. The best was 2025 at +21.2%.
What is the biggest drawdown of EMMF?
The largest peak-to-trough decline was −32.6% between August 29, 2018 and March 23, 2020. It recovered to the old high on December 4, 2020, 8 months after the bottom.
How volatile is EMMF?
Over the past 3 years EMMF had an annualized volatility of 13.6% and a Sharpe ratio of 1.10 (excess return over 1–3 month T-bills per unit of risk).