- Issuer
- State Street
- Inception Date
- May 13, 2011
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- State Street SPDR MSCI Emerging Markets UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
EMRD.L Performance Chart
State Street SPDR MSCI Emerging Markets UCITS ETF (EMRD.L) is up 18.5% since the beginning of the year. EMRD.L is currently trading at $101 per share. Investors who bought $1,000 worth of EMRD.L shares 5 years ago would now be looking at an investment worth $1,393.
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Returns By Period
State Street SPDR MSCI Emerging Markets UCITS ETF (EMRD.L) has returned 18.51% so far this year and 35.69% over the past 12 months. Over the last ten years, EMRD.L has returned 8.95% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
State Street SPDR MSCI Emerging Markets UCITS ETF
- 1D
- -1.32%
- 1M
- -7.35%
- 6M
- 12.75%
- YTD
- 18.51%
- 1Y
- 35.69%
- 3Y*
- 20.23%
- 5Y*
- 6.85%
- 10Y*
- 8.95%
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%
EMRD.L Monthly Returns History
Based on dividend-adjusted daily data since May 16, 2011, EMRD.L's average daily return is +0.03%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.
Historically, 54% of months were positive and 46% were negative. The best month was Nov 2022 with a return of +14.5%, while the worst month was Aug 2011 at -15.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, EMRD.L closed higher 43% of trading days. The best single day was Mar 24, 2020 with a return of +8.2%, while the worst single day was May 23, 2012 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.20% | 5.43% | -11.43% | 14.39% | 8.79% | -0.33% | -5.44% | 18.51% | |||||
| 2025 | 2.84% | -0.75% | 0.91% | 0.58% | 4.31% | 7.10% | 1.59% | 1.96% | 6.68% | 3.97% | -1.34% | 2.29% | 34.18% |
| 2024 | -3.73% | 3.00% | 3.54% | -0.02% | 0.61% | 4.34% | 0.69% | 0.75% | 6.10% | -3.89% | -2.44% | -1.01% | 7.65% |
| 2023 | 7.63% | -6.82% | 3.29% | -1.14% | -2.89% | 5.04% | 6.51% | -5.96% | -2.85% | -4.19% | 8.37% | 3.97% | 9.74% |
| 2022 | -1.41% | -3.42% | -3.80% | -5.40% | 0.10% | -6.56% | -0.12% | -0.25% | -10.50% | -2.55% | 14.49% | -1.63% | -20.67% |
| 2021 | 3.42% | 0.46% | -1.21% | 1.65% | 1.78% | 0.79% | -5.85% | 1.43% | -3.23% | 0.64% | -4.19% | 2.49% | -2.26% |
Benchmark Metrics
State Street SPDR MSCI Emerging Markets UCITS ETF has an annualized alpha of 0.65%, beta of 0.52, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since May 16, 2011.
- This ETF participated in 91.43% of S&P 500 Index downside but only 67.78% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.52 may look defensive, but with R2 of 0.21 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 0.21 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
- 0.65%
- Beta
- 0.52
- R²
- 0.21
- Upside Capture
- 67.78%
- Downside Capture
- 91.43%
Expense Ratio
EMRD.L has an expense ratio of 0.42%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMRD.L ranks 61 for risk / return — better than 61% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street SPDR MSCI Emerging Markets UCITS ETF (EMRD.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.
| EMRD.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.35 | +0.49 |
| Martin ratioReturn relative to average drawdown | 8.72 | 10.19 | -1.47 |
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 Emerging Markets 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 Emerging Markets UCITS ETF was 39.82%, occurring on Oct 24, 2022. Recovery took 725 trading sessions.
The current State Street SPDR MSCI Emerging Markets UCITS ETF drawdown is 9.35%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-39.82%Oct 2022 | 1y 8mo | 2y 10mo | 4y 6moFeb 2021 - Sep 2025 | Bear market2022 |
-38.05%Mar 2020 | 2y 1mo | 7mo 28d | 2y 9moJan 2018 - Nov 2020 | COVID crash2020 |
-36.93%Jan 2016 | 1y 4mo | 1y 5mo | 2y 10moSep 2014 - Jul 2017 | — |
-24.28%Oct 2011 | 3mo | 2y 10mo | 3y 1moJul 2011 - Aug 2014 | — |
-12.43%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 | — |
Drawdown Indicators
| EMRD.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.82% | -56.78% | +16.96% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -9.10% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -18.90% | +2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -35.03% | -25.43% | -9.60% |
Max Drawdown (10Y)Largest decline over 10 years | -39.82% | -33.92% | -5.90% |
Current DrawdownCurrent decline from peak | -9.35% | -0.49% | -8.86% |
Average DrawdownAverage peak-to-trough decline | -14.50% | -10.70% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 2.09% | +1.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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