EEMX vs. SPEM
Compare and contrast key facts about SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) and SPDR Portfolio Emerging Markets ETF (SPEM).
EEMX and SPEM 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. 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 EEMX 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EEMX or SPEM.
Key characteristics
| EEMX | SPEM | |
|---|---|---|
| YTD Return | 4.78% | 6.27% |
| 1Y Return | 11.74% | 14.16% |
| 3Y Return (Ann) | -4.85% | -2.02% |
| 5Y Return (Ann) | 2.17% | 3.43% |
| Sharpe Ratio | 0.81 | 1.09 |
| Daily Std Dev | 15.52% | 13.75% |
| Max Drawdown | -39.91% | -64.41% |
| Current Drawdown | -21.10% | -12.86% |
Correlation
The correlation between EEMX 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.
Performance
EEMX vs. SPEM - Performance Comparison
In the year-to-date period, EEMX achieves a 4.78% return, which is significantly lower than SPEM's 6.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EEMX vs. SPEM - Expense Ratio Comparison
EEMX has a 0.30% expense ratio, which is higher than SPEM's 0.11% expense ratio.
Risk-Adjusted Performance
EEMX vs. SPEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) 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.
Dividends
EEMX vs. SPEM - Dividend Comparison
EEMX's dividend yield for the trailing twelve months is around 2.10%, less than SPEM's 2.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 2.10% | 2.20% | 2.38% | 1.72% | 1.42% | 2.57% | 2.41% | 2.45% | 0.15% | 0.00% | 0.00% | 0.00% |
SPEM SPDR Portfolio Emerging Markets ETF | 2.64% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% | 2.26% | 1.91% |
Drawdowns
EEMX vs. SPEM - Drawdown Comparison
The maximum EEMX drawdown since its inception was -39.91%, smaller than the maximum SPEM drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for EEMX and SPEM. For additional features, visit the drawdowns tool.
Volatility
EEMX vs. SPEM - Volatility Comparison
SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) has a higher volatility of 5.05% compared to SPDR Portfolio Emerging Markets ETF (SPEM) at 4.66%. This indicates that EEMX's price experiences larger fluctuations and is considered to be riskier than SPEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.