At a glance
EMQQ charges 0.86% a year, above the 0.74% average of the 3 funds most like it (the 3rd cheapest of 4). It has $264.5M in assets, the 2nd largest of that group; it paid 4.24% of its price in distributions over the past 12 months, annual. Over the past year it returned −33.9% with distributions reinvested (S&P 500: +11.5%), 3rd of those 4 funds; over three years it returned +3.2% a year. At its worst it fell 28.5% in the 2020 crash (S&P 500: 33.7%) and 42.4% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 2 months and 33 months after the lows. Its ten largest positions make up 57.9% of the fund, out of 59 in all.
The short version
EMQQ The Emerging Markets Internet ETF tracks an index of internet and ecommerce companies in emerging markets, including MercadoLibre, Reliance Industries, Alibaba and Tencent. Its index rules cap China at 45% and any single stock at 8% when it rebalances. It charges 0.86% a year, above the 0.74% average of similar funds. It has also been very volatile: it fell 73.2% from its February 2021 peak.
Price history
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EMQQ -33.9% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| EMQQ official prospectus, to Dec 31, 2024 | — | +14.17% | — | +0.25% | +4.96% | — |
| EMQQ price data to Oct 27, 2026 | -27.0% | -33.9% | +3.2% | -9.7% | +2.0% | +1.8% |
- Over the year to Oct 27, 2026, EMQQ returned -33.9%, 3rd of 4 among similar funds.
- Its 5-year annualized return was -9.7% and its 10-year +2.0%.
- In the 2020 COVID crash it fell 28.5% and regained its old high 2 months after the low.
- Its worst full calendar year was 2021 (-32.5%); its best was 2020 (+80.4%).
- The deepest fall in its price history was 73.2% (Feb 17, 2021 to Oct 24, 2022), not yet recovered.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -27.0% | — |
| 2025 | +20.7% | — |
| 2024 | +13.8% | +14.17% |
| 2023 | +4.5% | +4.19% |
| 2022 | -30.7% | -30.35% |
| 2021 | -32.5% | -32.53% |
| 2020 | +80.4% | +81.13% |
| 2019 | +33.9% | +32.70% |
| 2018 | -29.8% | -29.22% |
| 2017 | +68.2% | +67.17% |
| 2016 | -3.2% | -2.98% |
| 2015 | +5.0% | +5.20% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 25.7% over that stretch · deepest drop along the way 28.5%, back to its old high 2 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 41.4% over that stretch · deepest drop along the way 42.4%, back to its old high 33.3 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $1.2500 | +111.9% |
| 2024 | $0.5900 | +145.8% |
| 2023 | $0.2400 | +118.2% |
| 2020 | $0.1100 | -76.1% |
| 2019 | $0.4600 | +27.8% |
| 2017 | $0.3600 | +111.8% |
| 2016 | $0.1700 | +750.0% |
| 2015 | $0.0200 |
What's inside
As of May 31, 2026, the fund held 59 securities; the ten largest made up 57.85% of assets.
| Holding | Weight | |
|---|---|---|
| MercadoLibre, Inc. | 8.36% | |
| RELIANCE INDUSTRIES LIMITED | 8.11% | |
| Alibaba Group Holding Limited | 6.76% | |
| PDD Holdings Inc. | 6.20% | |
| SEA LIMITED | 6.05% | |
| Tencent Holdings Limited | 5.92% | |
| Nu Holdings Ltd. | 5.63% | |
| MEITUAN | 4.04% | |
| NETEASE, INC. | 3.45% | |
| NASPERS LIMITED | 3.33% | |
| BAJAJ FINANCE LIMITED | 3.25% | |
| JD.COM, INC. | 3.25% | |
| BAIDU, INC. | 2.90% | |
| COUPANG, INC. | 2.73% | |
| NAVER Corporation | 2.73% |
By country
United States 36.98%Hong Kong 31.84%India 19.29%South Korea 4.87%South Africa 3.33%By asset type
Stocks 99.51%What changed recently
- Over the three months to May 31, 2026, investors withdrew a net $21.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -4.45%, +4.56%, -10.10%.
How it works
EMQQ, from Exchange Traded Concepts, is an index fund. It doesn't pick stocks. Instead, it tries to match the returns of EMQQ The Emerging Markets Internet Index, before fees. EMQQ Global LLC designed the index, and Solactive AG runs it. To qualify, a company must get most of its revenue, or hold most of its assets, in internet and ecommerce businesses in one of 47 emerging or frontier market countries. These businesses include online retail, gaming, search, advertising, travel and social networks. A company also needs a free-float market value of at least $1 billion to join and $800 million to stay in. Free float counts only shares available to investors. Its shares must also trade at least $1 million a day on average.
Larger companies get bigger weights, but there are caps. At each rebalance, no stock may top 8%. A stepped set of lower caps keeps the biggest names from adding up to half the index, and all other stocks are held to 4.5%. China is capped at 45% and South Korea at 10%. The index rebalances twice a year, on the third Friday of June and December. Between rebalances, weights can drift above the caps. As of December 2, 2025, the index held 55 securities.
The fund owns the shares directly or through depositary receipts, which are US-traded certificates that represent foreign shares. It uses no leverage, and it held no derivatives as of May 31, 2026. The prospectus reports portfolio turnover of 25%.
What it really costs
- EMQQ charges 0.86% a year, versus an average of 0.74% for the similar funds below (3rd of 4, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $88 in the first year and $1,061 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| EMQQ | $88 | $274 | $477 | $1,061 |
In a retirement portfolio
It is a concentrated, highly volatile bet on emerging-market internet stocks, so it fits as a small add-on rather than a foundation.
EMQQ adds exposure to internet companies in China, India and other emerging markets, but its swings are large. It launched in 2014, so it has no record from 2008. In the 2020 COVID crash it fell 28.5% and recovered in about two months. In 2022 it fell 42.4% and took about 33 months, until July 2025, to recover. Its deepest drop was 73.2%, from February 2021 to October 2022. It still hadn't recovered from that drop as of October 27, 2026. Its worst calendar year was 2021, at −32.5%. Anyone who had to sell during a stretch like that would lock in steep losses.
Its trailing yield was 4.24% as of October 27, 2026, and it pays out once a year. Fees are 0.86% a year. In the SEC's standard $10,000 example, that comes to about $1,061 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting emerging-market internet stocks beyond China, such as Reliance Industries and MercadoLibre, with China capped at 45% of the index.
- Long-term holders who can keep a small position through drops like the 73.2% fall from February 2021 to October 2022.
- Those who prefer rules-based index investing, with an 8% cap per stock, rebalancing twice a year and no leverage or derivatives.
Look elsewhere if
- Cost-conscious investors: its 0.86% expense ratio is above the 0.74% average of similar funds and First Trust's FDNI at 0.65%.
- Retirees who need steady income, since EMQQ pays only once a year.
- Anyone who may need to sell soon: it lost 27% in 2026 through October 27 and 9.7% a year over five years.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
Net assets from each fund's latest N-PORT or annual report where available. Returns through Oct 27, 2026.Questions investors ask
Is EMQQ good for retirement?
EMQQ is a high-risk fund that may suit only a small part of a retirement portfolio. It fell 73.2% from February 2021 to October 2022 and still hadn't recovered as of October 27, 2026. Its prospectus shows a 4.96% average yearly return over the 10 years through December 31, 2024. Calendar-year results ranged from a gain of 81.13% in 2020 to a loss of 32.53% in 2021.
What stocks does EMQQ hold?
EMQQ held 59 emerging-market internet and ecommerce stocks as of May 31, 2026. The largest were MercadoLibre (8.4%), Reliance Industries (8.1%), Alibaba (6.8%), PDD Holdings (6.2%), Sea Limited (6.0%), Tencent (5.9%) and Nu Holdings (5.6%). The top 10 made up 57.85% of assets. By where the shares are listed or registered, 37% was classed as US, 32% as Hong Kong and 19% as India. The US-classed holdings are US-listed shares or depositary receipts of companies doing business in emerging markets.
What's the difference between EMQQ and FMQQ?
FMQQ, The Next Frontier Internet ETF, is EMQQ's closest match by holdings, with about 52% overlap in their latest N-PORT reports. Both charge 0.86% a year. FMQQ is much smaller: it had about $21.8 million in net assets as of August 31, 2026, against EMQQ's $264 million as of May 31, 2026. In the year to October 27, 2026, FMQQ fell 24.6% and EMQQ fell 33.9%. Over three years, FMQQ gained 6% a year, against 3.2% for EMQQ.
Is EMQQ the same as KWEB?
No. KWEB, the KraneShares CSI China Internet ETF, tracks a China internet index. EMQQ spreads across emerging markets, and its index caps China at 45%. About 40% of their holdings overlap. KWEB charges 0.70% a year, compared with 0.86% for EMQQ. KWEB is also far larger, with about $4.9 billion in net assets as of June 30, 2026. In the year to October 27, 2026, KWEB fell 40.7% and EMQQ fell 33.9%.
Does EMQQ pay dividends?
Yes, but only once a year. In the 12 months to October 27, 2026, it paid about $1.25 per share, a trailing yield of 4.24%. The fund mostly holds internet companies, and one yearly payment can change a lot from year to year. That makes it a weak fit for anyone who relies on regular monthly or quarterly income.