- ISIN
- US78463X5095
- CUSIP
- 78463X509
- Issuer
- State Street
- Inception Date
- Mar 19, 2007
- Region
- Emerging Markets (Emerging Markets)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Emerging BMI Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $17B
Highlights
- Avg. Volume (1M)
- 2M
- Avg. Volume Value (1M)
- $105.53M
Share Price Chart
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Performance
SPEM Performance Chart
SPDR Portfolio Emerging Markets ETF (SPEM) is up 9.9% since the beginning of the year. SPEM is currently trading at $51 per share. Investors who bought $1,000 worth of SPEM shares 5 years ago would now be looking at an investment worth $1,383.
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Returns By Period
SPDR Portfolio Emerging Markets ETF (SPEM) has returned 9.89% so far this year and 22.14% over the past 12 months. Over the last ten years, SPEM has returned 8.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
SPDR Portfolio Emerging Markets ETF
- 1D
- 0.77%
- 1M
- -0.37%
- 6M
- 4.56%
- YTD
- 9.89%
- 1Y
- 22.14%
- 3Y*
- 15.56%
- 5Y*
- 6.70%
- 10Y*
- 8.53%
- ALL TIME*
- 5.54%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SPEM Monthly Returns History
Based on dividend-adjusted daily data since Mar 23, 2007, SPEM's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 56% of months were positive and 44% were negative. The best month was May 2009 with a return of +18.7%, while the worst month was Oct 2008 at -25.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, SPEM closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +21.1%, while the worst single day was Oct 15, 2008 at -16.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.11% | 2.66% | -7.13% | 9.23% | 2.13% | -0.06% | -1.64% | 9.89% | |||||
| 2025 | 0.94% | 0.34% | 1.31% | 0.05% | 3.78% | 5.89% | 0.63% | 3.23% | 5.43% | 1.64% | -1.16% | 1.19% | 25.63% |
| 2024 | -3.64% | 3.78% | 2.20% | 0.69% | 2.36% | 2.20% | 1.22% | 1.21% | 6.97% | -2.59% | -2.01% | -1.06% | 11.40% |
| 2023 | 7.89% | -6.38% | 2.52% | -0.03% | -2.70% | 4.87% | 5.79% | -5.64% | -2.19% | -3.28% | 7.18% | 3.36% | 10.51% |
| 2022 | 0.63% | -4.60% | -2.99% | -6.06% | 0.61% | -3.52% | -0.63% | -0.43% | -9.77% | -2.51% | 13.71% | -2.31% | -17.90% |
| 2021 | 2.70% | 1.85% | -0.73% | 1.42% | 2.12% | 1.15% | -5.82% | 2.40% | -3.08% | 1.39% | -3.39% | 1.92% | 1.51% |
Benchmark Metrics
SPDR Portfolio Emerging Markets ETF has an annualized alpha of -2.12%, beta of 1.00, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since March 23, 2007.
- This ETF participated in 99.05% of S&P 500 Index downside but only 84.51% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.12% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.00 and R2 of 0.66, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.12%
- Beta
- 1.00
- R²
- 0.66
- Upside Capture
- 84.51%
- Downside Capture
- 99.05%
Expense Ratio
SPEM has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
SPEM ranks 50 for risk / return — above 50% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for SPDR Portfolio Emerging Markets ETF (SPEM) 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.
| SPEM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.00 | -0.09 |
| Martin ratioReturn relative to average drawdown | 6.31 | 8.49 | -2.19 |
Dividends
Dividend History
SPDR Portfolio Emerging Markets ETF provided a 2.55% dividend yield over the last twelve months, with an annual payout of $1.30 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 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.30 | $1.30 | $1.07 | $0.99 | $1.11 | $1.30 | $0.81 | $1.11 | $0.76 | $0.43 | $0.43 | $0.62 |
Dividend yield | 2.55% | 2.77% | 2.78% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Portfolio Emerging Markets 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 | $0.53 | $0.00 | $0.53 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $1.30 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $1.07 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.99 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $1.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 | $1.30 |
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 Portfolio Emerging Markets 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 Portfolio Emerging Markets ETF was 64.41%, occurring on Nov 20, 2008. Recovery took 1454 trading sessions.
The current SPDR Portfolio Emerging Markets ETF drawdown is 4.14%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-64.41%Nov 2008 | 1y 20d | 5y 9mo | 6y 10moNov 2007 - Sep 2014 | Financial crisis2007–2009 |
-36.06%Mar 2020 | 2y 1mo | 7mo 21d | 2y 9moJan 2018 - Nov 2020 | COVID crash2020 |
-34.89%Jan 2016 | 1y 4mo | 1y 5mo | 2y 10moSep 2014 - Jul 2017 | — |
-33.40%Oct 2022 | 1y 8mo | 1y 11mo | 3y 7moFeb 2021 - Oct 2024 | Bear market2022 |
-17.89%Aug 2007 | 23d | 1mo 4d | 1mo 27dJul 2007 - Sep 2007 | — |
Drawdown Indicators
| SPEM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -56.78% | -7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.36% | -9.10% | -2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -18.90% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -30.03% | -25.43% | -4.60% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | -33.92% | -2.14% |
Current DrawdownCurrent decline from peak | -4.14% | -1.58% | -2.56% |
Average DrawdownAverage peak-to-trough decline | -14.66% | -10.70% | -3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 2.14% | +1.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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