PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EELV vs. SPEM
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EELV vs. SPEM

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P Emerging Markets Low Volatility ETF (EELV) and SPDR Portfolio Emerging Markets ETF (SPEM).

EELV and SPEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EELV is a passively managed fund by Invesco that tracks the performance of the S&P BMI Emerging Markets Low Volatility Index. It was launched on Jan 13, 2012. 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 EELV 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.

Performance

EELV vs. SPEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Emerging Markets Low Volatility ETF (EELV) and SPDR Portfolio Emerging Markets ETF (SPEM). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

EELV vs. SPEM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EELV
Invesco S&P Emerging Markets Low Volatility ETF		3.35%21.97%1.90%8.85%-3.98%16.15%-3.89%8.89%-5.40%24.89%
SPEM
SPDR Portfolio Emerging Markets ETF		0.21%25.63%11.40%10.51%-17.90%1.51%14.55%19.69%-13.26%34.82%

Returns By Period

In the year-to-date period, EELV achieves a 3.35% return, which is significantly higher than SPEM's 0.21% return. Over the past 10 years, EELV has underperformed SPEM with an annualized return of 6.20%, while SPEM has yielded a comparatively higher 8.16% annualized return.

EELV

1D
2.07%
1M
-4.13%
YTD
3.35%
6M
6.88%
1Y
20.18%
3Y*
11.22%
5Y*
7.96%
10Y*
6.20%

SPEM

1D
3.17%
1M
-7.13%
YTD
0.21%
6M
1.89%
1Y
22.70%
3Y*
14.39%
5Y*
4.29%
10Y*
8.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Invesco S&P Emerging Markets Low Volatility ETF

SPDR Portfolio Emerging Markets ETF

Often compared with EELV:
EELV vs. JPEMEELV vs. MINDXEELV vs. IEMGEELV vs. EDIVEELV vs. SMHEELV vs. JPSTEELV vs. XLK
Often compared with SPEM:
SPEM vs. VWOSPEM vs. EEMSPEM vs. EMXCSPEM vs. ESGESPEM vs. BKEMSPEM vs. EMCRSPEM vs. EMGF

EELV vs. SPEM - Expense Ratio Comparison

EELV has a 0.30% expense ratio, which is higher than SPEM's 0.11% expense ratio.

EELV
Invesco S&P Emerging Markets Low Volatility ETF
SPEM
SPDR Portfolio Emerging Markets ETF

Return for Risk

EELV vs. SPEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EELV
EELV Risk / Return Rank: 8585
Overall Rank
EELV Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
EELV Sortino Ratio Rank: 8686
Sortino Ratio Rank
EELV Omega Ratio Rank: 8585
Omega Ratio Rank
EELV Calmar Ratio Rank: 8585
Calmar Ratio Rank
EELV Martin Ratio Rank: 8484
Martin Ratio Rank
SPEM
SPEM Risk / Return Rank: 7474
Overall Rank
SPEM Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SPEM Sortino Ratio Rank: 7474
Sortino Ratio Rank
SPEM Omega Ratio Rank: 7474
Omega Ratio Rank
SPEM Calmar Ratio Rank: 7474
Calmar Ratio Rank
SPEM Martin Ratio Rank: 7272
Martin Ratio Rank
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.

EELV vs. SPEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Emerging Markets Low Volatility ETF (EELV) 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.

EELVSPEMDifference

Sharpe ratio

Return per unit of total volatility

1.65

1.28

+0.37

Sortino ratio

Return per unit of downside risk

2.31

1.80

+0.51

Omega ratio

Gain probability vs. loss probability

1.33

1.26

+0.07

Calmar ratio

Return relative to maximum drawdown

2.52

1.82

+0.70

Martin ratio

Return relative to average drawdown

9.42

7.01

+2.41

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EELV vs. SPEM - Sharpe Ratio Comparison

The current EELV Sharpe Ratio is 1.65, which is comparable to the SPEM Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of EELV and SPEM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

EELVSPEMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.65

1.28

+0.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.25

+0.44

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.44

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.21

+0.09

Correlation

The correlation between EELV 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.

Dividends

EELV vs. SPEM - Dividend Comparison

EELV's dividend yield for the trailing twelve months is around 3.62%, more than SPEM's 2.77% yield.

TTM20252024202320222021202020192018201720162015
EELV
Invesco S&P Emerging Markets Low Volatility ETF		3.62%3.75%4.70%4.00%3.45%4.35%2.82%3.14%5.50%2.92%2.29%2.53%
SPEM
SPDR Portfolio Emerging Markets ETF		2.77%2.77%2.78%2.80%3.38%3.14%1.92%2.94%2.34%1.12%1.51%2.40%

Drawdowns

EELV vs. SPEM - Drawdown Comparison

The maximum EELV drawdown since its inception was -36.35%, smaller than the maximum SPEM drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for EELV and SPEM.

Loading graphics...

Drawdown Indicators

EELVSPEMDifference

Max Drawdown

Largest peak-to-trough decline

-36.35%

-64.41%

+28.06%

Max Drawdown (1Y)

Largest decline over 1 year

-8.22%

-12.35%

+4.13%

Max Drawdown (5Y)

Largest decline over 5 years

-19.04%

-31.94%

+12.90%

Max Drawdown (10Y)

Largest decline over 10 years

-36.35%

-36.06%

-0.29%

Current Drawdown

Current decline from peak

-5.28%

-8.56%

+3.28%

Average Drawdown

Average peak-to-trough decline

-9.00%

-14.87%

+5.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.20%

3.20%

-1.00%

Volatility

EELV vs. SPEM - Volatility Comparison

The current volatility for Invesco S&P Emerging Markets Low Volatility ETF (EELV) is 5.96%, while SPDR Portfolio Emerging Markets ETF (SPEM) has a volatility of 8.25%. This indicates that EELV experiences smaller price fluctuations and is considered to be less risky than SPEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

EELVSPEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.96%

8.25%

-2.29%

Volatility (6M)

Calculated over the trailing 6-month period

8.40%

12.23%

-3.83%

Volatility (1Y)

Calculated over the trailing 1-year period

12.26%

17.79%

-5.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.52%

16.95%

-5.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.70%

18.76%

-5.06%