XCEM
Columbia EM Core ex-China ETF
The Columbia EM Core ex-China ETF& provides broad equity exposure to emerging markets excluding China
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
1.3 B
ASSETS UNDER MGMT
16 bp
EXPENSES
Fund Basics
| Fund sponsor | Columbia |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 01, 2015 |
| Assets (mns) | $1,285 |
| Expense ratio | 16 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 16.9 % |
| RELIANCE INDS-SPONS GDR 144A | 5.0 % |
| SAMSUNG ELECTRONICS CO LTD | 4.8 % |
| HDFC BANK LTD-ADR | 2.3 % |
| ICICI BANK LTD-SPON ADR | 2.2 % |
| HYNIX SEMICONDUCTOR INC | 2.0 % |
| HON HAI PRECISION INDUSTRY | 1.6 % |
| INTERNATIONAL HOLDINGS COMPANY PJSC | 1.5 % |
| MEDIATEK INC | 1.4 % |
| INFOSYS TECHNOLOGIES-SP ADR | 1.4 % |
Constituent Breakdown
| Number of holdings | 347 |
| Herfindahl-Hirschman Index | 387 |
| Wgt avg mkt cap (mns) | $316,594 |
| Large cap (>$10bn) | 89.5% |
| Mid cap ($2-10bn) | 15.7% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 0.5% |
| Emerging mkts. | 110.1% |
Country Exposure
 |
TAIWAN | 34.5 % |
 |
INDIA | 20.6 % |
 |
SOUTH KOREA | 15.4 % |
 |
BRAZIL | 7.1 % |
 |
SAUDI ARABIA | 6.9 % |
 |
MEXICO | 4.3 % |
 |
UAE | 4.3 % |
 |
SOUTH AFRICA | 4.1 % |
 |
INDONESIA | 2.4 % |
 |
MALAYSIA | 2.1 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 30.7% | 22.0% | 21.1% | 16.4% | 10.0% | 6.0% | -- | 6.6% |
| Dividend Yield | 0.0% | 3.3% | 2.4% | 2.5% | 2.2% | 3.1% | -- | 3.0% |
| Total Returns | 30.7% | 25.3% | 23.5% | 18.8% | 12.2% | 9.1% | -- | 9.6% | Ann. Volatility | 17.5% | 16.8% | 15.7% | 15.3% | 16.9% | 20.3% | -- | 20.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 55% |
| MSCI EAFE | 0.63 | 37% |
| MSCI Emg Mkts | 0.60 | 40% |
Liquidity Measures
| Avg. volume (000) | 119 |
| ADV traded (mns) | $5 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.28% |
Technical Indicators
| Recent close | $37.90 |
| 30d moving avg. | $37.32 |
| Annualized volatility | 15.2% |
| Relative strength (RSI) | 66 |
| Short interest | 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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 66.9% | +8 bp | +7.3% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 61.5% | +9 bp | +6.9% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 61.4% | +16 bp | +5.4% |
| STXE | Strive Emerging Markets Ex-China ETF | 60.9% | +16 bp | +7.3% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 55.9% | -1 bp | +7.3% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 52.7% | -1 bp | +9.4% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 51.9% | -5 bp | +9.1% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 51.4% | +50 bp | +8.8% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 50.9% | +20 bp | +8.9% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 48.0% | +33 bp | +9.2% |
Risk and Returns: XCEM 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 11/8/2025
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
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
XCEM
7.6%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 128 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.6%. XCEM's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places XCEM in the 47th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XCEMSELL
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 |
| XCEM (16 bp) Percentile rank | 5 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XCEM | 16.0 | 27.8 | 43.8 |
| Peer Avg. | 64.7 | 41.8 | 106.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .