EMC vs. SPEM
EMC (Global X Emerging Markets Great Consumer ETF) and SPEM (SPDR Portfolio Emerging Markets ETF) are both Emerging Markets Equities funds. EMC is actively managed, while SPEM is passively managed. Over the past 3 years, EMC returned 13.10%/yr vs 16.30%/yr for SPEM. Their correlation of 0.93 means they have usually moved in the same direction. EMC charges 0.75%/yr vs 0.07%/yr for SPEM.
Performance
EMC vs. SPEM - Performance Comparison
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Returns By Period
In the year-to-date period, EMC achieves a 17.02% return, which is significantly higher than SPEM's 10.33% return.
EMC
- 1D
- 1.19%
- 1M
- -1.41%
- 6M
- 8.04%
- YTD
- 17.02%
- 1Y
- 25.57%
- 3Y*
- 13.10%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
SPEM
- 1D
- 0.39%
- 1M
- 0.02%
- 6M
- 4.39%
- YTD
- 10.33%
- 1Y
- 22.62%
- 3Y*
- 16.30%
- 5Y*
- 6.50%
- 10Y*
- 8.32%
- ALL TIME*
- 5.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $303.53K | $204.31K | $229.90K | |
| $92.35M | $109.23M | $122.58M |
EMC vs. SPEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMC Global X Emerging Markets Great Consumer ETF | 17.02% | 18.91% | 3.75% | 1.62% |
SPEM SPDR Portfolio Emerging Markets ETF | 10.33% | 25.63% | 11.40% | 8.08% |
Correlation
The correlation between EMC and SPEM is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 15, 2023 | 0.93 |
The correlation between EMC and SPEM has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
EMC vs. SPEM - Sectors Allocation Comparison
Sectors
EMC
SPEM
Technology
Financial Services
Consumer Cyclical
Communication Services
Industrials
Basic Materials
Energy
Consumer Defensive
Healthcare
Real Estate
Utilities
-
Technology
EMC
SPEM
Financial Services
EMC
SPEM
Consumer Cyclical
EMC
SPEM
Communication Services
EMC
SPEM
Industrials
EMC
SPEM
Basic Materials
EMC
SPEM
Energy
EMC
SPEM
Consumer Defensive
EMC
SPEM
Healthcare
EMC
SPEM
Real Estate
EMC
SPEM
Utilities
EMC
-
SPEM
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Return for Risk
EMC vs. SPEM — Risk / Return Rank
EMC
SPEM
EMC vs. SPEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Great Consumer ETF (EMC) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMC | SPEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.00 | -0.15 |
| Martin ratioReturn relative to average drawdown | 5.44 | 6.59 | -1.15 |
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Drawdowns
EMC vs. SPEM - Drawdown Comparison
The maximum EMC drawdown since its inception was -18.38%, smaller than the maximum SPEM drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for EMC and SPEM.
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Drawdown Indicators
| EMC | SPEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -64.41% | +46.03% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | -11.36% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | -17.62% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.06% | — |
Current DrawdownCurrent decline from peak | -8.19% | -3.76% | -4.43% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -14.65% | +10.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 3.44% | +1.27% |
Volatility
EMC vs. SPEM - Volatility Comparison
Global X Emerging Markets Great Consumer ETF (EMC) has a higher volatility of 9.28% compared to SPDR Portfolio Emerging Markets ETF (SPEM) at 5.72%. This indicates that EMC'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.
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Volatility by Period
| EMC | SPEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.28% | 5.72% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 22.22% | 15.29% | +6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.58% | 17.72% | +6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 17.36% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 18.80% | +0.92% |
EMC vs. SPEM - Expense Ratio Comparison
EMC has a 0.75% expense ratio, which is higher than SPEM's 0.07% expense ratio.
Dividends
EMC vs. SPEM - Dividend Comparison
EMC's dividend yield for the trailing twelve months is around 0.58%, less than SPEM's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMC Global X Emerging Markets Great Consumer ETF | 0.58% | 0.78% | 1.13% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPEM SPDR Portfolio Emerging Markets ETF | 2.54% | 2.77% | 2.78% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% |
Frequently Asked Questions
With a correlation of 0.93, EMC and SPEM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EMC has higher volatility (9.28%) compared to SPEM (5.72%). In terms of maximum drawdown, EMC dropped -18.38% vs SPEM's -64.41%.
On 3-year performance, SPEM leads with 16.30% vs 13.10% for EMC. On fees, SPEM is cheaper at 0.07% per year. On volatility, SPEM has been the lower-risk option at 5.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SPEM has performed better with a 16.30% return vs 13.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPEM is cheaper with a 0.07% expense ratio, compared with 0.75% for EMC.
SPEM has the higher dividend yield at 2.54%, compared with 0.58% for EMC.
They also come from different issuers: Global X and State Street. Their fees differ too: 0.75% for EMC and 0.07% for SPEM.
SPEM currently has the higher Sharpe Ratio (1.28 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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