EDIV vs. QAT

Last updated Jun 24, 2026

EDIV (SPDR S&P Emerging Markets Dividend ETF) and QAT (iShares MSCI Qatar ETF) are both Emerging Markets Equities funds - EDIV tracks the S&P Emerging Markets Dividend Opportunities Index while QAT tracks the MSCI All Qatar Capped Index. Both are passively managed. Over the past 10 years, EDIV returned 9.21%/yr vs 4.43%/yr for QAT. At a 0.32 correlation, their price movements are largely independent. EDIV charges 0.49%/yr vs 0.59%/yr for QAT.

Performance

EDIV vs. QAT - 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 Qatar ETF (QAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDIV achieves a 5.93% return, which is significantly higher than QAT's 1.01% return. Over the past 10 years, EDIV has outperformed QAT with an annualized return of 9.21%, while QAT has yielded a comparatively lower 4.43% annualized return.

EDIV

• 1D: -1.48%
• 1M: 0.10%
• YTD: 5.93%
• 6M: 5.72%
• 1Y: 14.10%
• 3Y*: 17.91%
• 5Y*: 10.98%
• 10Y*: 9.21%

QAT

• 1D: -0.39%
• 1M: 2.08%
• YTD: 1.01%
• 6M: 0.41%
• 1Y: 7.11%
• 3Y*: 5.84%
• 5Y*: 3.56%
• 10Y*: 4.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDIV vs. QAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDIV SPDR S&P Emerging Markets Dividend ETF	5.93%	16.45%	12.75%	41.91%	-15.31%	11.21%	-9.95%	11.80%	-6.16%	28.20%
QAT iShares MSCI Qatar ETF	1.01%	8.81%	5.20%	2.72%	-7.23%	14.42%	6.94%	-0.44%	20.03%	-11.66%

Correlation

The correlation between EDIV and QAT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since May 1, 2014	0.32

The correlation between EDIV and QAT shifts across timeframes, from 0.32 (10 years) to 0.45 (1 year), reflecting how their relationship changes across market environments.

EDIV vs. QAT - Sectors Allocation Comparison

Sectors	EDIV	QAT
Financial Services	16.0%	55.5%
Consumer Defensive	9.3%	0.6%
Consumer Cyclical	7.6%	0.7%
Technology	6.8%	1.0%
Industrials	6.4%	8.4%
Communication Services	5.2%	6.3%
Energy	3.7%	7.6%
Real Estate	1.8%	4.0%
Utilities	1.6%	2.5%
Basic Materials	0.9%	12.6%
Healthcare	0.6%	0.8%

Return for Risk

EDIV vs. QAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDIV

EDIV Risk / Return Rank: 31
EDIV Sharpe Ratio Rank: 33
EDIV Sortino Ratio Rank: 32
EDIV Omega Ratio Rank: 33
EDIV Calmar Ratio Rank: 29
EDIV Martin Ratio Rank: 30

QAT

QAT Risk / Return Rank: 17
QAT Sharpe Ratio Rank: 18
QAT Sortino Ratio Rank: 17
QAT Omega Ratio Rank: 17
QAT Calmar Ratio Rank: 17
QAT Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EDIV vs. QAT - 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 Qatar ETF (QAT). 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.

	EDIV	QAT	Difference
Sharpe ratio: Return per unit of total volatility	1.12	0.54	+0.58
Sortino ratio: Return per unit of downside risk	1.64	0.87	+0.77
Omega ratio: Gain probability vs. loss probability	1.21	1.11	+0.10
Calmar ratio: Return relative to maximum drawdown	1.37	0.67	+0.69
Martin ratio: Return relative to average drawdown	4.08	1.24	+2.84

EDIV vs. QAT - Sharpe Ratio Comparison

The current EDIV Sharpe Ratio is 1.12, which is higher than the QAT Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of EDIV and QAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EDIV vs. QAT - Drawdown Comparison

The maximum EDIV drawdown since its inception was -53.36%, which is greater than QAT's maximum drawdown of -45.21%. Use the drawdown chart below to compare losses from any high point for EDIV and QAT.

Drawdown Indicators

	EDIV	QAT	Difference
Max Drawdown Largest peak-to-trough decline	-53.36%	-45.21%	-8.15%
Max Drawdown (1Y) Largest decline over 1 year	-10.36%	-10.60%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-17.41%	+3.57%
Max Drawdown (5Y) Largest decline over 5 years	-28.32%	-33.17%	+4.85%
Max Drawdown (10Y) Largest decline over 10 years	-40.76%	-34.04%	-6.72%
Current Drawdown Current decline from peak	-4.51%	-11.55%	+7.04%
Average Drawdown Average peak-to-trough decline	-19.31%	-19.14%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	5.75%	-2.29%

Volatility

EDIV vs. QAT - Volatility Comparison

The current volatility for SPDR S&P Emerging Markets Dividend ETF (EDIV) is 4.81%, while iShares MSCI Qatar ETF (QAT) has a volatility of 5.72%. This indicates that EDIV experiences smaller price fluctuations and is considered to be less risky than QAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDIV	QAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	5.72%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	11.06%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	13.25%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	15.06%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.38%	17.54%	-0.16%

EDIV vs. QAT - Expense Ratio Comparison

EDIV has a 0.49% expense ratio, which is lower than QAT's 0.59% expense ratio.

Dividends

EDIV vs. QAT - Dividend Comparison

EDIV's dividend yield for the trailing twelve months is around 4.28%, less than QAT's 4.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDIV SPDR S&P Emerging Markets Dividend ETF	4.28%	4.69%	3.94%	4.26%	4.94%	3.84%	3.52%	3.83%	3.41%	2.99%	4.94%	5.33%
QAT iShares MSCI Qatar ETF	4.63%	3.51%	5.90%	3.92%	4.78%	2.33%	2.63%	3.57%	4.63%	4.10%	3.51%	4.49%

Frequently Asked Questions

Can I hold both EDIV and QAT in my portfolio?

EDIV and QAT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDIV or QAT?

QAT has higher volatility (5.72%) compared to EDIV (4.81%). In terms of maximum drawdown, EDIV dropped -53.36% vs QAT's -45.21%.

Which ETF is better, EDIV or QAT?

On 10-year performance, EDIV leads with 9.21% vs 4.43% for QAT. On fees, EDIV is cheaper at 0.49% per year. On volatility, EDIV has been the lower-risk option at 4.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDIV or QAT?

Over the 10-year period, EDIV has performed better with a 9.21% return vs 4.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDIV or QAT?

EDIV is cheaper with a 0.49% expense ratio, compared with 0.59% for QAT.

Which ETF pays a higher dividend yield, EDIV or QAT?

QAT has the higher dividend yield at 4.63%, compared with 4.28% for EDIV.

What is the main difference between EDIV and QAT?

EDIV tracks S&P Emerging Markets Dividend Opportunities Index, while QAT tracks MSCI All Qatar Capped Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.49% for EDIV and 0.59% for QAT.

Which has better risk-adjusted returns?

EDIV currently has the higher Sharpe Ratio (1.12 vs 0.54), 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.