- Issuer
- State Street
- Inception Date
- May 13, 2011
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- State Street SPDR MSCI EM Asia UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
EMAD.L Performance Chart
State Street SPDR MSCI EM Asia UCITS ETF (EMAD.L) is up 21.6% since the beginning of the year. EMAD.L is currently trading at $124 per share. Investors who bought $1,000 worth of EMAD.L shares 5 years ago would now be looking at an investment worth $1,373.
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Returns By Period
State Street SPDR MSCI EM Asia UCITS ETF (EMAD.L) has returned 21.59% so far this year and 36.41% over the past 12 months. Over the last ten years, EMAD.L has returned 9.69% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
State Street SPDR MSCI EM Asia UCITS ETF
- 1D
- -1.54%
- 1M
- -8.90%
- 6M
- 14.74%
- YTD
- 21.59%
- 1Y
- 36.41%
- 3Y*
- 20.83%
- 5Y*
- 6.55%
- 10Y*
- 9.69%
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
EMAD.L Monthly Returns History
Based on dividend-adjusted daily data since May 16, 2011, EMAD.L's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2022 with a return of +18.3%, while the worst month was Oct 2011 at -18.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 10 months.
On a daily basis, EMAD.L closed higher 46% of trading days. The best single day was Jan 27, 2012 with a return of +12.3%, while the worst single day was Oct 14, 2011 at -18.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.26% | 6.10% | -12.64% | 17.24% | 10.12% | -0.06% | -6.95% | 21.59% | |||||
| 2025 | 1.71% | -0.03% | 0.74% | -0.65% | 6.23% | 7.02% | 1.85% | 1.83% | 6.91% | 4.03% | -2.51% | 1.55% | 32.13% |
| 2024 | -4.44% | 4.39% | 3.44% | 0.56% | 2.38% | 5.14% | 0.06% | 0.12% | 7.47% | -4.24% | -2.69% | -0.84% | 11.12% |
| 2023 | 9.53% | -6.96% | 3.75% | -2.62% | -2.74% | 4.07% | 5.98% | -6.58% | -2.96% | -4.51% | 7.92% | 3.26% | 6.54% |
| 2022 | -3.11% | -2.46% | -3.94% | -5.34% | -0.05% | -4.31% | -1.32% | -0.24% | -12.65% | -5.70% | 18.31% | -0.74% | -21.75% |
| 2021 | 4.47% | 0.90% | -2.80% | 1.19% | 0.50% | 0.68% | -7.54% | 1.40% | -3.75% | 0.79% | -3.73% | 2.19% | -6.15% |
Benchmark Metrics
State Street SPDR MSCI EM Asia UCITS ETF has an annualized alpha of 1.54%, beta of 0.49, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since May 16, 2011.
- This ETF participated in 80.06% of S&P 500 Index downside but only 61.74% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.49 may look defensive, but with R2 of 0.18 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.18 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.54%
- Beta
- 0.49
- R²
- 0.18
- Upside Capture
- 61.74%
- Downside Capture
- 80.06%
Expense Ratio
EMAD.L has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMAD.L ranks 57 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street SPDR MSCI EM Asia UCITS ETF (EMAD.L) 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.
| EMAD.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.35 | +0.34 |
| Martin ratioReturn relative to average drawdown | 8.03 | 10.19 | -2.16 |
Dividends
Dividend History
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 State Street SPDR MSCI EM Asia UCITS 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 State Street SPDR MSCI EM Asia UCITS ETF was 46.17%, occurring on Oct 24, 2022. Recovery took 754 trading sessions.
The current State Street SPDR MSCI EM Asia UCITS ETF drawdown is 11.48%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-46.17%Oct 2022 | 1y 8mo | 2y 12mo | 4y 8moFeb 2021 - Oct 2025 | Bear market2022 |
-33.72%Mar 2020 | 2y 1mo | 5mo 5d | 2y 6moJan 2018 - Aug 2020 | COVID crash2020 |
-32.66%Jan 2016 | 8mo 27d | 1y 4mo | 2y 28dApr 2015 - May 2017 | — |
-24.17%Nov 2011 | 4mo 15d | 2y 6mo | 2y 10moJul 2011 - May 2014 | — |
-13.38%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 | — |
Drawdown Indicators
| EMAD.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.17% | -56.78% | +10.61% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -9.10% | -4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -20.03% | -18.90% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -39.17% | -25.43% | -13.74% |
Max Drawdown (10Y)Largest decline over 10 years | -46.17% | -33.92% | -12.25% |
Current DrawdownCurrent decline from peak | -11.48% | -0.49% | -10.99% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -10.70% | -4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 2.09% | +2.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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