EEMX vs. EEM
Compare and contrast key facts about SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) and iShares MSCI Emerging Markets ETF (EEM).
EEMX and EEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEMX is a passively managed fund by State Street that tracks the performance of the MSCI Emerging Markets ex Fossil Fuels Index. It was launched on Oct 24, 2016. 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. Both EEMX and EEM 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
EEMX vs. EEM - Performance Comparison
Loading graphics...
EEMX vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 3.64% | 35.23% | 7.22% | 9.80% | -19.75% | -3.57% | 19.55% | 18.56% | -16.76% | 38.46% |
EEM iShares MSCI Emerging Markets ETF | 3.80% | 33.98% | 6.49% | 8.95% | -20.56% | -3.63% | 17.02% | 18.22% | -15.31% | 37.26% |
Returns By Period
The year-to-date returns for both investments are quite close, with EEMX having a 3.64% return and EEM slightly higher at 3.80%.
EEMX
- 1D
- 3.94%
- 1M
- -9.41%
- YTD
- 3.64%
- 6M
- 7.81%
- 1Y
- 34.77%
- 3Y*
- 16.29%
- 5Y*
- 4.14%
- 10Y*
- —
EEM
- 1D
- 3.73%
- 1M
- -9.25%
- YTD
- 3.80%
- 6M
- 7.87%
- 1Y
- 33.09%
- 3Y*
- 15.72%
- 5Y*
- 3.45%
- 10Y*
- 7.58%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EEMX vs. EEM - Expense Ratio Comparison
EEMX has a 0.30% expense ratio, which is lower than EEM's 0.72% expense ratio.
Return for Risk
EEMX vs. EEM — Risk / Return Rank
EEMX
EEM
EEMX vs. EEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) 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.
| EEMX | EEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.69 | 1.64 | +0.05 |
Sortino ratioReturn per unit of downside risk | 2.30 | 2.23 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.43 | +0.04 |
Martin ratioReturn relative to average drawdown | 9.80 | 9.41 | +0.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EEMX | EEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 1.64 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.19 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.35 | +0.02 |
Correlation
The correlation between EEMX and EEM is 0.89, 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
EEMX vs. EEM - Dividend Comparison
EEMX's dividend yield for the trailing twelve months is around 2.20%, more than EEM's 2.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 2.20% | 2.28% | 2.26% | 2.20% | 2.38% | 1.72% | 1.42% | 2.57% | 2.41% | 2.45% | 0.15% | 0.00% |
EEM iShares MSCI Emerging Markets ETF | 2.14% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
Drawdowns
EEMX vs. EEM - Drawdown Comparison
The maximum EEMX drawdown since its inception was -39.90%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for EEMX and EEM.
Loading graphics...
Drawdown Indicators
| EEMX | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.90% | -66.43% | +26.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | -13.52% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -37.33% | -37.82% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.82% | — |
Current DrawdownCurrent decline from peak | -10.49% | -10.30% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -14.97% | -16.12% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 3.49% | +0.01% |
Volatility
EEMX vs. EEM - Volatility Comparison
SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) has a higher volatility of 11.31% compared to iShares MSCI Emerging Markets ETF (EEM) at 10.70%. This indicates that EEMX's price experiences larger fluctuations and is considered to be riskier than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EEMX | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.31% | 10.70% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 15.12% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.65% | 20.23% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 18.43% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.03% | 20.32% | -0.29% |