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EDIV vs. EEM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EDIV vs. EEM

Last updated Aug 2, 2026
Documentation

EDIV (SPDR S&P Emerging Markets Dividend ETF) and EEM (iShares MSCI Emerging Markets ETF) are both Emerging Markets Equities funds - EDIV tracks the S&P Emerging Markets Dividend Opportunities Index while EEM tracks the MSCI Emerging Markets Index (Net). Both are passively managed. Over the past 10 years, EDIV returned 8.24%/yr vs 8.32%/yr for EEM. Their correlation of 0.87 means they have usually moved in the same direction. EDIV charges 0.49%/yr vs 0.72%/yr for EEM.

Performance

EDIV vs. EEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Emerging Markets Dividend ETF (EDIV) and iShares MSCI Emerging Markets ETF (EEM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EDIV achieves a 7.94% return, which is significantly lower than EEM's 17.75% return. Both investments have delivered pretty close results over the past 10 years, with EDIV having a 8.24% annualized return and EEM not far ahead at 8.32%.

EDIV

1D
-0.70%
1M
0.49%
6M
2.77%
YTD
7.94%
1Y
13.69%
3Y*
15.33%
5Y*
12.12%
10Y*
8.24%
ALL TIME*
3.13%

EEM

1D
0.79%
1M
-2.45%
6M
9.01%
YTD
17.75%
1Y
35.57%
3Y*
18.45%
5Y*
6.91%
10Y*
8.32%
ALL TIME*
9.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EDIV

SPDR S&P Emerging Markets Dividend ETF
$4.15M$4.91M$5.47M

EEM

iShares MSCI Emerging Markets ETF
$1.56B$1.60B$1.90B

EDIV vs. EEM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EDIV
SPDR S&P Emerging Markets Dividend ETF		7.94%16.45%12.75%41.91%-15.31%11.21%-9.95%11.80%-6.16%28.20%
EEM
iShares MSCI Emerging Markets ETF		17.75%33.98%6.49%8.95%-20.56%-3.63%17.02%18.22%-15.31%37.26%

Correlation

The correlation between EDIV and EEM is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.76

Correlation (3Y)
Balances recent behavior with more history.

0.77

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.78

Correlation (10Y)
Provides a long-term view across more market conditions.

0.83

Correlation (All Time)
Calculated using the full available price history since Feb 24, 2011

0.87

The correlation between EDIV and EEM shifts across timeframes, from 0.76 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

EDIV vs. EEM - Sectors Allocation Comparison

Sectors
EDIV
EEM

Financial Services

17.3%
18.2%

Consumer Defensive

9.3%
2.5%

Consumer Cyclical

7.8%
7.4%

Technology

6.4%
45.9%

Industrials

6.2%
6.2%

Communication Services

5.1%
6.0%

Energy

4.0%
3.2%

Real Estate

1.8%
1.0%

Utilities

1.8%
1.8%

Basic Materials

0.8%
5.4%

Healthcare

0.6%
2.5%

Financial Services

EDIV
17.3%
EEM
18.2%

Consumer Defensive

EDIV
9.3%
EEM
2.5%

Consumer Cyclical

EDIV
7.8%
EEM
7.4%

Technology

EDIV
6.4%
EEM
45.9%

Industrials

EDIV
6.2%
EEM
6.2%

Communication Services

EDIV
5.1%
EEM
6.0%

Energy

EDIV
4.0%
EEM
3.2%

Real Estate

EDIV
1.8%
EEM
1.0%

Utilities

EDIV
1.8%
EEM
1.8%

Basic Materials

EDIV
0.8%
EEM
5.4%

Healthcare

EDIV
0.6%
EEM
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P Emerging Markets Dividend ETF

iShares MSCI Emerging Markets ETF

Often compared with EDIV:
EDIV vs. VWOEDIV vs. EEMSEDIV vs. EYLDEDIV vs. VOOEDIV vs. XCEMEDIV vs. FEMSEDIV vs. SCHD
Often compared with EEM:
EEM vs. VWOEEM vs. SPYEEM vs. IEMGEEM vs. VXUSEEM vs. IS3N.DEEEM vs. EEMSEEM vs. SPEM

Return for Risk

EDIV vs. EEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EDIV
EDIV Risk / Return Rank: 4141
Overall Rank
EDIV Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
EDIV Sortino Ratio Rank: 4343
Sortino Ratio Rank
EDIV Omega Ratio Rank: 4343
Omega Ratio Rank
EDIV Calmar Ratio Rank: 3838
Calmar Ratio Rank
EDIV Martin Ratio Rank: 3838
Martin Ratio Rank
EEM
EEM Risk / Return Rank: 6363
Overall Rank
EEM Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
EEM Sortino Ratio Rank: 5656
Sortino Ratio Rank
EEM Omega Ratio Rank: 6464
Omega Ratio Rank
EEM Calmar Ratio Rank: 7171
Calmar Ratio Rank
EEM Martin Ratio Rank: 6363
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EDIV vs. EEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets Dividend ETF (EDIV) and iShares MSCI Emerging Markets ETF (EEM). 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.

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.

EDIVEEMDifference
Sharpe ratioReturn per unit of total volatility
1.08
1.42

-0.34

Sortino ratioReturn per unit of downside risk
1.57
1.93

-0.36

Omega ratioGain probability vs. loss probability

1.20

1.27

-0.07

Calmar ratioReturn relative to maximum drawdown

1.35

2.44

-1.09

Martin ratioReturn relative to average drawdown

3.93

7.49

-3.56

EDIV vs. EEM - Sharpe Ratio Comparison

The current EDIV Sharpe Ratio is 1.08, which is comparable to the EEM Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of EDIV and EEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EDIV vs. EEM - Drawdown Comparison

The maximum EDIV drawdown since its inception was -53.36%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for EDIV and EEM.

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Drawdown Indicators

EDIVEEMDifference

Max Drawdown

Largest peak-to-trough decline

-53.36%

-66.43%

+13.07%

Max Drawdown (1Y)

Largest decline over 1 year

-10.36%

-14.24%

+3.88%

Max Drawdown (3Y)

Largest decline over 3 years

-13.84%

-17.29%

+3.45%

Max Drawdown (5Y)

Largest decline over 5 years

-28.32%

-35.01%

+6.69%

Max Drawdown (10Y)

Largest decline over 10 years

-40.76%

-39.82%

-0.94%

Current Drawdown

Current decline from peak

-2.70%

-10.00%

+7.30%

Average Drawdown

Average peak-to-trough decline

-19.19%

-15.95%

-3.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.54%

4.63%

-1.09%

Volatility

EDIV vs. EEM - Volatility Comparison

The current volatility for SPDR S&P Emerging Markets Dividend ETF (EDIV) is 4.22%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 9.09%. This indicates that EDIV experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EDIVEEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.22%

9.09%

-4.87%

Volatility (6M)

Calculated over the trailing 6-month period

11.16%

22.40%

-11.24%

Volatility (1Y)

Calculated over the trailing 1-year period

12.94%

24.46%

-11.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.95%

19.83%

-5.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.31%

20.80%

-3.49%

EDIV vs. EEM - Expense Ratio Comparison

EDIV has a 0.49% expense ratio, which is lower than EEM's 0.72% expense ratio.

Dividends

EDIV vs. EEM - Dividend Comparison

EDIV's dividend yield for the trailing twelve months is around 4.21%, more than EEM's 1.74% yield.

PositionTTM20252024202320222021202020192018201720162015
EDIV
SPDR S&P Emerging Markets Dividend ETF		4.21%4.69%3.94%4.26%4.94%3.84%3.52%3.83%3.41%2.99%4.94%5.33%
EEM
iShares MSCI Emerging Markets ETF		1.74%2.22%2.43%2.63%2.50%1.99%1.45%2.76%2.24%1.89%1.89%2.49%

Frequently Asked Questions

EDIV and EEM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEM has higher volatility (9.09%) compared to EDIV (4.22%). In terms of maximum drawdown, EDIV dropped -53.36% vs EEM's -66.43%.

On 10-year performance, EEM leads with 8.32% vs 8.24% for EDIV. On fees, EDIV is cheaper at 0.49% per year. On volatility, EDIV has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EEM has performed better with a 8.32% return vs 8.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EDIV is cheaper with a 0.49% expense ratio, compared with 0.72% for EEM.

EDIV has the higher dividend yield at 4.21%, compared with 1.74% for EEM.

EDIV tracks S&P Emerging Markets Dividend Opportunities Index, while EEM tracks MSCI Emerging Markets Index (Net). They also come from different issuers: State Street and iShares. Their fees differ too: 0.49% for EDIV and 0.72% for EEM.

EEM currently has the higher Sharpe Ratio (1.42 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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