EEMX vs. GLD
Compare and contrast key facts about SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) and SPDR Gold Shares (GLD).
EEMX and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004. Both EEMX and GLD 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. GLD - Performance Comparison
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EEMX vs. GLD - 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% |
GLD SPDR Gold Shares | 8.57% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Returns By Period
In the year-to-date period, EEMX achieves a 3.64% return, which is significantly lower than GLD's 8.57% return.
EEMX
- 1D
- 3.94%
- 1M
- -9.41%
- YTD
- 3.64%
- 6M
- 7.81%
- 1Y
- 34.77%
- 3Y*
- 16.29%
- 5Y*
- 4.14%
- 10Y*
- —
GLD
- 1D
- 3.79%
- 1M
- -11.05%
- YTD
- 8.57%
- 6M
- 21.05%
- 1Y
- 49.33%
- 3Y*
- 32.92%
- 5Y*
- 21.58%
- 10Y*
- 13.92%
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EEMX vs. GLD - Expense Ratio Comparison
EEMX has a 0.30% expense ratio, which is lower than GLD's 0.40% expense ratio.
Return for Risk
EEMX vs. GLD — Risk / Return Rank
EEMX
GLD
EEMX vs. GLD - 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 SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.69 | 1.79 | -0.09 |
Sortino ratioReturn per unit of downside risk | 2.30 | 2.21 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.68 | -0.21 |
Martin ratioReturn relative to average drawdown | 9.80 | 9.90 | -0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EEMX | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 1.79 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 1.22 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.62 | -0.25 |
Correlation
The correlation between EEMX and GLD is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EEMX vs. GLD - Dividend Comparison
EEMX's dividend yield for the trailing twelve months is around 2.20%, while GLD has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EEMX vs. GLD - Drawdown Comparison
The maximum EEMX drawdown since its inception was -39.90%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for EEMX and GLD.
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Drawdown Indicators
| EEMX | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.90% | -45.56% | +5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | -19.21% | +5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -37.33% | -21.03% | -16.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.00% | — |
Current DrawdownCurrent decline from peak | -10.49% | -13.23% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -14.97% | -16.17% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 5.20% | -1.70% |
Volatility
EEMX vs. GLD - Volatility Comparison
SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) and SPDR Gold Shares (GLD) have volatilities of 11.31% and 11.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEMX | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.31% | 11.06% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 24.30% | -8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.65% | 27.80% | -7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 17.74% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.03% | 15.87% | +4.16% |