- ISIN
- US78470E2054
- CUSIP
- 78470E205
- Issuer
- State Street
- Inception Date
- Oct 24, 2016
- Region
- Emerging Markets (Broad)
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Emerging Markets ex Fossil Fuels Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $187M
Share Price Chart
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Performance
EEMX Performance Chart
SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) is up 32.2% since the beginning of the year. EEMX is currently trading at $56 per share. Investors who bought $1,000 worth of EEMX shares 5 years ago would now be looking at an investment worth $1,544.
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Returns By Period
SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) has returned 32.21% so far this year and 59.90% over the past 12 months.
SPDR MSCI Emerging Markets Fossil Fuel Free ETF
- 1D
- 0.48%
- 1M
- 9.19%
- YTD
- 32.21%
- 6M
- 33.98%
- 1Y
- 59.90%
- 3Y*
- 26.28%
- 5Y*
- 9.07%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EEMX Monthly Returns History
Based on dividend-adjusted daily data since Oct 25, 2016, EEMX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +16.0%, while the worst month was Mar 2020 at -14.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, EEMX closed higher 50% of trading days. The best single day was Mar 16, 2022 with a return of +8.4%, while the worst single day was Mar 16, 2020 at -12.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.01% | 5.92% | -9.41% | 12.71% | 8.38% | 4.43% | 32.21% | ||||||
| 2025 | 2.01% | 1.12% | 0.82% | 0.68% | 4.22% | 6.71% | 1.26% | 2.55% | 7.50% | 3.61% | -2.13% | 2.59% | 35.23% |
| 2024 | -5.30% | 4.51% | 2.88% | -0.49% | 1.19% | 3.24% | 1.58% | 0.76% | 6.40% | -3.09% | -2.60% | -1.45% | 7.22% |
| 2023 | 9.32% | -7.11% | 3.33% | -1.30% | -1.94% | 4.72% | 5.60% | -6.37% | -3.23% | -3.27% | 7.50% | 3.76% | 9.80% |
| 2022 | 0.03% | -3.68% | -2.92% | -5.96% | 0.96% | -5.43% | -1.01% | -0.75% | -11.69% | -2.34% | 15.96% | -2.76% | -19.75% |
| 2021 | 3.77% | 0.75% | -1.40% | 1.40% | 1.39% | 0.81% | -6.42% | 1.38% | -4.10% | 1.15% | -3.68% | 1.83% | -3.57% |
Benchmark Metrics
SPDR MSCI Emerging Markets Fossil Fuel Free ETF has an annualized alpha of 1.13%, beta of 0.76, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since October 25, 2016.
- This ETF participated in 74.04% of S&P 500 Index downside but only 69.02% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.46 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.13%
- Beta
- 0.76
- R²
- 0.46
- Upside Capture
- 69.02%
- Downside Capture
- 74.04%
Expense Ratio
EEMX has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EEMX ranks 83 for risk / return — in the top 83% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EEMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 2.78 | +1.55 |
| Martin ratioReturn relative to average drawdown | 16.38 | 12.44 | +3.94 |
Dividends
Dividend History
SPDR MSCI Emerging Markets Fossil Fuel Free ETF provided a 1.71% dividend yield over the last twelve months, with an annual payout of $0.96 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.96 | $0.97 | $0.73 | $0.68 | $0.68 | $0.63 | $0.55 | $0.84 | $0.69 | $0.86 | $0.04 |
Dividend yield | 1.71% | 2.28% | 2.26% | 2.20% | 2.38% | 1.72% | 1.42% | 2.57% | 2.41% | 2.45% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR MSCI Emerging Markets Fossil Fuel Free ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.00 | $0.97 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.73 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.68 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.68 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.63 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR MSCI Emerging Markets Fossil Fuel Free ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR MSCI Emerging Markets Fossil Fuel Free ETF was 39.90%, occurring on Oct 24, 2022. Recovery took 720 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -39.90%Oct 2022 | 1y 8mo | 2y 10mo | 4y 6moFeb 2021 - Sep 2025 |
COVID crash2020 | -36.38%Mar 2020 | 2y 1mo | 7mo 28d | 2y 9moJan 2018 - Nov 2020 |
2026 correction2026 | -13.89%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2026 pullback2026 | -9.04%Jun 2026 | 2d | 13d | 15dJun 2026 - Jun 2026 |
2016 pullback2016 | -7.92%Nov 2016 | 21d | 3mo 1d | 3mo 22dOct 2016 - Feb 2017 |
Drawdown Indicators
| EEMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.90% | -56.78% | +16.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | -9.10% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | -18.90% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -36.99% | -25.43% | -11.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -10.71% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.03% | +1.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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