Data as of Oct 28, 2026.

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EMXC vs XLE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EMXC returned +33.8% to XLE's +61.2%; 0% of their weight is in the same names.

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Net assets: $26.9bn on Oct 28, 2026 for iShares MSCI Emerging Markets ex China ETF, and $45.2bn on Oct 27, 2026 for State Street Energy Select Sector SPDR ETF.

At a glance
+33.8%
EMXC total return, 1 year
+61.2%
XLE total return, 1 year
0.25%
EMXC expense ratio
0.08%
XLE expense ratio

Pair scorecard

XLE costs 0.17 points a year less; their one-year returns differ by 27.4 points; XLE is 1.7 times larger.

EMXC vs XLE: Differences, Returns & Fees
MeasureEMXCXLE
Return
Total return, 1 year+33.8%+61.2%
Drawdown
Below its high11.3%, high on Jun 22, 2026
Benchmark
What it tracksMSCI Emerging Markets ex China IndexEnergy Select Sector Index
Cost and size
Expense ratio0.25%0.08%
Net assets, as of Oct 27, 2026$26.4bn$45.2bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund42.2%78.1%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Aug 4, 2017 to Oct 23, 2026 · 481 weekly returns
EMXC XLE
Return
Total return edge XLE +122.9% +211.7%
Annualized edge XLE +9.1% +13.1%
Price return edge XLE +80.5% +111.2%
Risk
Volatility edge EMXC 19.2% 30.7%
Max drawdown edge EMXC −40.7% −63.9%
Risk-adjusted
Sharpe edge XLE 0.41 0.47
Sortino edge XLE 0.57 0.66
Calmar edge EMXC (slight) 0.22 0.20
Reading

XLE returned more: +211.7% to +122.9%. EMXC swung less: 19.2% to 30.7%. EMXC fell less at its worst: −40.7% to −63.9%.

Full scorecard

9 measures, with how each is measured
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Risk and return: EMXC vs XLE: Differences, Returns & Fees
MeasureEMXCXLEEdgeHow it is measured
Return
Total return+122.9%+211.7%XLEPrice change plus distributions, reinvested.
Annualized+9.1%+13.1%XLETotal return as a yearly rate.
Price return+80.5%+111.2%XLEPrice change alone, distributions left out.
Risk
Volatility19.2%30.7%EMXCSpread of weekly returns, annualized. Lower is steadier.
Downside deviation13.8%21.9%EMXCLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−40.7%−63.9%EMXCDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.410.47XLEReturn above Treasury bills per unit of volatility.
Sortino0.570.66XLEReturn above Treasury bills per unit of downside deviation.
Calmar0.220.20EMXC (slight)Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 481 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, EMXC and XLE hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EMXC XLE
HINDUSTAN AERONAUTICS LTD 0.09% 1.43%
COP/USD 0.00% 7.18%
Only in one fund ↓
Only in EMXC
TAIWAN SEMICONDUCTOR MANUFACTURING 19.91%
SAMSUNG ELECTRONICS LTD 8.58%
SK HYNIX 6.12%
MEDIATEK 1.92%
SAMSUNG ELECTRONICS NON VOTING PRE 1.14%
HON HAI PRECISION INDUSTRY 1.02%
DELTA ELECTRONICS 0.99%
HDFC BANK 0.89%
Only in XLE
EXXONMOBIL HOLDINGS CORP 23.98%
CHEVRON CORP 18.21%
MARATHON PETROLEUM CORP 4.67%
PHILLIPS 66 4.41%
VALERO ENERGY CORP 4.26%
WILLIAMS COS INC 4.22%
EOG RESOURCES INC 4.07%
SLB LTD 3.86%
Check overlap with more funds →

Side by side

EMXC iShares MSCI Emerging Markets ex China ETF XLE State Street Energy Select Sector SPDR ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Emerging Markets ex China Tracks an index of Energy
Total return, 1 year +33.8% +61.2%
Its benchmark over the same days +37.0% (KEMX) not measured
Gap to its benchmark −3.2 pts vs KEMX not measured
Expense ratio 0.25% 0.08%
Already in the S&P 500 0.0% 99.8%
Holdings 696 22
Net assets, EMXC as of Oct 28, 2026 and XLE as of Oct 27, 2026 $26.9bn $45.2bn

EMXC and XLE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-A32F35A94B

EMXC and XLE do different jobs. What does each one do in a portfolio?

  1. What each follows. EMXC follows MSCI Emerging Markets ex China Index and XLE follows Energy Select Sector Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 EMXC returned +33.8% and XLE +61.2% with distributions reinvested, a gap of 27.4 points.

Data as of Oct 28, 2026.

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About each fund
EMXC

EMXC tracks the MSCI Emerging Markets ex China. Over the year to Oct 28, 2026 it returned +33.8% with distributions reinvested, against +37.0% for its benchmark, the MSCI Emerging Markets ex China Index. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 696 positions, with the top ten at 42.2%. It sat 11.3% below its high of Jun 22, 2026 on Oct 28, 2026.

XLE

XLE tracks an index of Energy. Over the year to Oct 28, 2026 it returned +61.2% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 22 positions, with the top ten at 78.1%.

Questions people ask

Which returned more over the last year, EMXC or XLE?
In the year to Oct 28, 2026, with distributions reinvested, EMXC returned +33.8% and XLE +61.2%.
Which is cheaper, EMXC or XLE?
XLE is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EMXC and XLE overlap with the S&P 500?
By their latest filed holdings, 0% of EMXC and 100% of XLE by weight is stocks the S&P 500 already holds.
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ETFIQ, EMXC against XLE, data as of Oct 28, 2026. https://etfiq.com/compare/any/emxc-vs-xle

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