- ISIN
- US78463X4262
- CUSIP
- 78463X426
- Issuer
- State Street
- Inception Date
- Jun 4, 2014
- Region
- Broad Asia (Pacific ex-Japan)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI EM Factor Mix A-Series (USD)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $56M
Share Price Chart
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Performance
QEMM Performance Chart
SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) is up 24.8% since the beginning of the year. QEMM is currently trading at $82 per share. Investors who bought $1,000 worth of QEMM shares 5 years ago would now be looking at an investment worth $1,456.
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Returns By Period
SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) has returned 24.84% so far this year and 38.47% over the past 12 months. Over the last ten years, QEMM has returned 9.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
SPDR MSCI Emerging Markets StrategicFactors ETF
- 1D
- -1.10%
- 1M
- 6.42%
- YTD
- 24.84%
- 6M
- 27.81%
- 1Y
- 38.47%
- 3Y*
- 18.47%
- 5Y*
- 7.80%
- 10Y*
- 9.15%
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
QEMM Monthly Returns History
Based on dividend-adjusted daily data since Jun 6, 2014, QEMM's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2022 with a return of +12.4%, while the worst month was Mar 2020 at -14.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, QEMM closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +7.0%, while the worst single day was Mar 12, 2020 at -10.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.65% | 5.61% | -6.92% | 11.51% | 5.94% | 0.80% | 24.84% | ||||||
| 2025 | 1.00% | -1.47% | 1.56% | 1.28% | 3.38% | 5.72% | -0.45% | 2.09% | 3.48% | 2.89% | -0.50% | 1.21% | 21.92% |
| 2024 | -3.58% | 4.08% | 0.66% | -0.89% | 2.16% | 2.09% | 1.92% | 1.07% | 4.41% | -3.94% | -1.56% | -1.14% | 4.98% |
| 2023 | 6.77% | -5.19% | 2.78% | 0.52% | -1.82% | 3.35% | 4.06% | -4.16% | -2.28% | -2.46% | 6.80% | 4.42% | 12.50% |
| 2022 | -1.12% | -1.24% | -2.93% | -5.67% | -0.05% | -5.73% | 0.47% | -1.77% | -8.74% | -0.84% | 12.39% | -2.84% | -17.82% |
| 2021 | 2.66% | -0.61% | 2.51% | 0.33% | 3.36% | -0.08% | -3.78% | 2.75% | -2.51% | 0.33% | -1.98% | 3.50% | 6.34% |
Benchmark Metrics
SPDR MSCI Emerging Markets StrategicFactors ETF has an annualized alpha of -1.56%, beta of 0.68, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since June 06, 2014.
- This ETF participated in 76.43% of S&P 500 Index downside but only 58.11% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.68 may look defensive, but with R2 of 0.48 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 0.48 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
- -1.56%
- Beta
- 0.68
- R²
- 0.48
- Upside Capture
- 58.11%
- Downside Capture
- 76.43%
Expense Ratio
QEMM has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QEMM ranks 73 for risk / return — better than 73% 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 SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) 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.
| QEMM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.71 | +1.01 |
| Martin ratioReturn relative to average drawdown | 13.18 | 12.15 | +1.03 |
Dividends
Dividend History
SPDR MSCI Emerging Markets StrategicFactors ETF provided a 4.32% dividend yield over the last twelve months, with an annual payout of $3.52 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.52 | $3.24 | $2.95 | $2.79 | $2.18 | $1.59 | $1.62 | $1.85 | $1.55 | $1.36 | $1.02 | $1.02 |
Dividend yield | 4.32% | 4.90% | 5.17% | 4.88% | 4.07% | 2.35% | 2.48% | 3.05% | 2.86% | 2.11% | 2.03% | 2.14% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR MSCI Emerging Markets StrategicFactors 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 | $1.05 | $1.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.00 | $0.00 | $2.48 | $0.00 | $3.24 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.75 | $2.95 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.56 | $2.79 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.59 | $2.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $1.59 |
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 StrategicFactors 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 StrategicFactors ETF was 36.89%, occurring on Mar 23, 2020. Recovery took 194 trading sessions.
The current SPDR MSCI Emerging Markets StrategicFactors ETF drawdown is 1.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -36.89%Mar 2020 | 2y 1mo | 9mo 10d | 2y 11moJan 2018 - Dec 2020 |
2016 bear market2016 | -33.15%Jan 2016 | 1y 4mo | 1y 6mo | 2y 10moSep 2014 - Jul 2017 |
Bear market2022 | -27.55%Oct 2022 | 1y 4mo | 1y 11mo | 3y 3moJun 2021 - Sep 2024 |
2025 selloff2025 | -17.03%Apr 2025 | 6mo 2d | 2mo 4d | 8mo 6dOct 2024 - Jun 2025 |
2026 correction2026 | -10.40%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
Drawdown Indicators
| QEMM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.89% | -56.78% | +19.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -9.10% | -1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -18.90% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -27.19% | -25.43% | -1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -36.89% | -33.92% | -2.97% |
Current DrawdownCurrent decline from peak | -1.10% | -1.29% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -10.72% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.02% | +0.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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