DBEM vs. SPEM
Compare and contrast key facts about Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) and SPDR Portfolio Emerging Markets ETF (SPEM).
DBEM and SPEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBEM is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI EM US Dollar Hedged Index. It was launched on Jun 9, 2011. SPEM is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets BMI. It was launched on Mar 19, 2007. Both DBEM and SPEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBEM or SPEM.
Key characteristics
| DBEM | SPEM | |
|---|---|---|
| YTD Return | 5.78% | 5.51% |
| 1Y Return | 13.79% | 14.18% |
| 3Y Return (Ann) | -3.21% | -2.64% |
| 5Y Return (Ann) | 3.06% | 3.28% |
| 10Y Return (Ann) | 3.64% | 3.98% |
| Sharpe Ratio | 0.99 | 1.03 |
| Daily Std Dev | 13.42% | 13.73% |
| Max Drawdown | -33.50% | -64.41% |
| Current Drawdown | -15.58% | -13.48% |
Correlation
The correlation between DBEM and SPEM is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DBEM vs. SPEM - Performance Comparison
The year-to-date returns for both stocks are quite close, with DBEM having a 5.78% return and SPEM slightly lower at 5.51%. Over the past 10 years, DBEM has underperformed SPEM with an annualized return of 3.64%, while SPEM has yielded a comparatively higher 3.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DBEM vs. SPEM - Expense Ratio Comparison
DBEM has a 0.66% expense ratio, which is higher than SPEM's 0.11% expense ratio.
Risk-Adjusted Performance
DBEM vs. SPEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) and SPDR Portfolio Emerging Markets ETF (SPEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DBEM vs. SPEM - Dividend Comparison
DBEM's dividend yield for the trailing twelve months is around 2.41%, less than SPEM's 2.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF | 2.41% | 2.55% | 2.65% | 1.77% | 1.74% | 2.59% | 2.85% | 1.51% | 1.59% | 3.49% | 2.08% | 1.99% |
SPEM SPDR Portfolio Emerging Markets ETF | 2.66% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% | 2.26% | 1.91% |
Drawdowns
DBEM vs. SPEM - Drawdown Comparison
The maximum DBEM drawdown since its inception was -33.50%, smaller than the maximum SPEM drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for DBEM and SPEM. For additional features, visit the drawdowns tool.
Volatility
DBEM vs. SPEM - Volatility Comparison
Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) and SPDR Portfolio Emerging Markets ETF (SPEM) have volatilities of 4.57% and 4.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.