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
430.5 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) | $430 |
| 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. | 9.1 % |
| TENCENT HOLDINGS LTD | 8.8 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 7.5 % |
| SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 6.9 % |
| MERCADOLIBRE INC | 5.0 % |
| NU HOLDINGS LTD. CLASS A | 4.8 % |
| BAJAJ FINANCE LIMITED | 4.0 % |
| COUPANG, INC. CLASS A | 4.0 % |
| MEITUAN DIANPING | 3.6 % |
Constituent Breakdown
| Number of holdings | 78 |
| Herfindahl-Hirschman Index | 1,135 |
| Wgt avg mkt cap (mns) | $327,302 |
| Large cap (>$10bn) | 97.4% |
| Mid cap ($2-10bn) | 10.9% |
| Small cap (<$2bn) | 1.4% |
| Developed mkts. | 12.7% |
| Emerging mkts. | 99.4% |
Country Exposure
 |
CHINA | 46.2 % |
 |
INDIA | 36.4 % |
 |
SOUTH KOREA | 8.7 % |
 |
SINGAPORE | 8.6 % |
 |
ARGENTINA | 5.1 % |
 |
CAYMAN ISLANDS | 4.8 % |
 |
KAZAKHSTAN | 2.4 % |
 |
BRAZIL | 1.8 % |
 |
HONG KONG | 1.4 % |
 |
POLAND | 1.1 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 34.7% | 18.4% | 25.7% | 20.3% | -2.3% | 9.2% | -- | 5.5% |
| Dividend Yield | 0.0% | 0.0% | 0.5% | 0.3% | 0.2% | 0.4% | -- | 0.4% |
| Total Returns | 34.7% | 18.4% | 26.2% | 20.7% | -2.1% | 9.6% | -- | 5.9% | Ann. Volatility | 24.3% | 24.3% | 23.1% | 27.7% | 34.8% | 30.8% | -- | 30.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.86 | 15% |
| MSCI EAFE | 1.12 | 32% |
| MSCI Emg Mkts | 1.51 | 66% |
Liquidity Measures
| Avg. volume (000) | 48 |
| ADV traded (mns) | $2 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.18% |
Technical Indicators
| Recent close | $45.26 |
| 30d moving avg. | $45.67 |
| Annualized volatility | 29.7% |
| Relative strength (RSI) | 53 |
| Short interest | 0.2% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FMQQ | FMQQ The Next Frontier Internet & Ecommerce ETF | 71.1% | 0 bp | +0.9% |
| FDNI | First Trust Dow Jones International Internet ETF | 48.1% | -21 bp | +19.3% |
| KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 47.1% | -26 bp | +10.5% |
| KWEB | KraneShares CSI China Internet ETF | 44.3% | -17 bp | +23.9% |
| MINV | Matthews Asia Innovators Active ETF | 40.3% | -7 bp | +6.6% |
| INQQ | India Internet & Ecommerce ETF | 37.0% | 0 bp | +1.2% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 35.2% | -17 bp | +18.9% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 34.4% | -54 bp | +13.2% |
| FXI | iShares China Large-Cap ETF | 33.1% | -12 bp | +16.2% |
| MCHI | iShares MSCI China ETF | 33.0% | -27 bp | +16.3% |
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 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 10/31/2025
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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
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
13.7%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 123 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
2.5%. EMQQ's ALTAR Score™ is approximately
2.4 standard deviations
above
the category average. This places EMQQ in the 99th 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 | 98 |
| Avg. Expense Ratio | 64.7 bp |
| Std. Deviation | 29.4 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 | 17.7 | 103.7 |
| Peer Avg. | 64.7 | 41.8 | 106.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .