EEMX vs. ^GSPC
Compare and contrast key facts about SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EEMX or ^GSPC.
Correlation
The correlation between EEMX and ^GSPC is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EEMX vs. ^GSPC - Performance Comparison
Key characteristics
EEMX:
1.07
^GSPC:
1.74
EEMX:
1.58
^GSPC:
2.36
EEMX:
1.20
^GSPC:
1.32
EEMX:
0.64
^GSPC:
2.62
EEMX:
3.34
^GSPC:
10.69
EEMX:
5.05%
^GSPC:
2.08%
EEMX:
15.78%
^GSPC:
12.76%
EEMX:
-39.91%
^GSPC:
-56.78%
EEMX:
-13.12%
^GSPC:
-0.43%
Returns By Period
In the year-to-date period, EEMX achieves a 7.62% return, which is significantly higher than ^GSPC's 4.01% return.
EEMX
7.62%
6.01%
7.47%
16.55%
3.75%
N/A
^GSPC
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
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Risk-Adjusted Performance
EEMX vs. ^GSPC — Risk-Adjusted Performance Rank
EEMX
^GSPC
EEMX vs. ^GSPC - 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 S&P 500 (^GSPC). 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.
Drawdowns
EEMX vs. ^GSPC - Drawdown Comparison
The maximum EEMX drawdown since its inception was -39.91%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for EEMX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
EEMX vs. ^GSPC - Volatility Comparison
SPDR MSCI Emerging Markets Fossil Fuel Free ETF (EEMX) has a higher volatility of 3.90% compared to S&P 500 (^GSPC) at 3.01%. This indicates that EEMX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.