EEM vs. SPY
Compare and contrast key facts about iShares MSCI Emerging Markets ETF (EEM) and SPDR S&P 500 ETF (SPY).
EEM and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both EEM and SPY 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: EEM or SPY.
Performance
EEM vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, EEM achieves a 8.38% return, which is significantly lower than SPY's 26.47% return. Over the past 10 years, EEM has underperformed SPY with an annualized return of 2.56%, while SPY has yielded a comparatively higher 13.14% annualized return.
EEM
8.38%
-4.31%
1.30%
12.36%
2.49%
2.56%
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| EEM | SPY | |
|---|---|---|
| Sharpe Ratio | 0.80 | 2.69 |
| Sortino Ratio | 1.21 | 3.59 |
| Omega Ratio | 1.15 | 1.50 |
| Calmar Ratio | 0.41 | 3.88 |
| Martin Ratio | 3.60 | 17.47 |
| Ulcer Index | 3.43% | 1.87% |
| Daily Std Dev | 15.51% | 12.14% |
| Max Drawdown | -66.44% | -55.19% |
| Current Drawdown | -19.42% | -0.54% |
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EEM vs. SPY - Expense Ratio Comparison
EEM has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between EEM and SPY is 0.75, 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.
Risk-Adjusted Performance
EEM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ETF (EEM) and SPDR S&P 500 ETF (SPY). 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
EEM vs. SPY - Dividend Comparison
EEM's dividend yield for the trailing twelve months is around 2.40%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEM iShares MSCI Emerging Markets ETF | 2.40% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% | 2.23% | 2.06% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
EEM vs. SPY - Drawdown Comparison
The maximum EEM drawdown since its inception was -66.44%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EEM and SPY. For additional features, visit the drawdowns tool.
Volatility
EEM vs. SPY - Volatility Comparison
iShares MSCI Emerging Markets ETF (EEM) has a higher volatility of 4.79% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that EEM's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.