ETF Evaluator:
Emerging Markets AI MAG 3 ETF ()
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(as of Nov 13)
Best Performing in Diversified Emerging Markets Over the Last Year
| 54.4% | Nomura Focused Emerging Mrkts Eq ETF (EMEQ) |
| 41.5% | FT EM Human Flourishing ETF (FTHF) |
| 33.6% | Invesco DW Emerging Markets Momt ETF (PIE) |
| 32.8% | KraneShares MSCI Em Mkts ex CHN ETF (KEMX) |
| 32.6% | Freedom 100 Emerging Markets ETF (FRDM) |
Risk
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Risk
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ETF Details
Emerging Markets AI MAG 3 ETF Overview
Emerging Markets AI MAG 3 ETF (EMAG) is an actively managed International Equity Diversified Emerging Markets exchange-traded fund (ETF). Tidal Investments LLC launched the ETF in 2026.
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in equity securities and derivative instruments of companies that are both:located in emerging market countries or are economically tied to emerging market countries. It is non-diversified.
About Emerging Markets AI MAG 3 ETF (EMAG)
There are 3 members of the management team with an average tenure of 0.03 years: Andrew (Andy) Hicks (2026), Qiao Duan (2026) and Kevin Carter (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Emerging Markets AI MAG 3 ETF has 6 securities in its portfolio. The top 10 holdings constitute 183.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Emerging Markets AI MAG 3 ETF is part of the Equity global asset class and is within the International Equity ETF group. Emerging Markets AI MAG 3 ETF has 100.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 100.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Emerging Markets AI MAG 3 ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $494 million in total assets, which is below the $3 billion average for the Diversified Emerging Markets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EMAG Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Emerging Markets AI MAG 3 ETF expense ratio is above average compared to funds in the Diversified Emerging Markets category. Emerging Markets AI MAG 3 ETF has an expense ratio of 0.76%, which is 49% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Emerging Markets AI MAG 3 ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 47% for the Diversified Emerging Markets category.
Recently, in the month of October 2026, Emerging Markets AI MAG 3 ETF returned 0.0%, which earned it a grade of NA, as the Diversified Emerging Markets category had an average return of -7.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Emerging Markets AI MAG 3 ETF has a trailing yield of 0.00%, which is below the 2.61% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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EMAG Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EMAG Return (NAV) | na | na | na | na | na | na |
| EMAG Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Diversified Emerging Markets Avg | -7.3% | -4.7% | 13.0% | 19.5% | 6.0% | 7.1% |
| EMAG Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| EMAG Tax-Cost Ratio | na | na | na | na | na | na |
EMAG Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EMAG Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| EMAG Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Diversified Emerging Markets Avg | 11.6% | 29.2% | 6.7% | 12.8% | -18.8% | 2.3% | 12.7% | 18.2% | -14.6% | 33.7% | 10.9% |
| EMAG Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 0 Mil |
| Share Class Assets: | $ 0 Mil |
| Turnover: | na |
| Expense Ratio: | 0.76% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Hicks Andrew (Andy) (2026), Duan Qiao (2026), Carter Kevin (2026) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 6 |
| % in Top 10 Holdings: | 183.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 100.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 100.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Tidal Investments LLC |
| Phone Number: | 844-383-7369 |
| Website: | |
| Inception Date: | October 21, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.76% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.51% |
