EMIF vs. SPY
Compare and contrast key facts about iShares Emerging Markets Infrastructure ETF (EMIF) and SPDR S&P 500 ETF (SPY).
EMIF and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMIF is a passively managed fund by iShares that tracks the performance of the S&P Emerging Markets Infrastructure Index. It was launched on Jun 16, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both EMIF and SPY 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: EMIF or SPY.
Key characteristics
| EMIF | SPY | |
|---|---|---|
| YTD Return | 2.20% | 6.66% |
| 1Y Return | 5.80% | 26.26% |
| 3Y Return (Ann) | -0.99% | 8.24% |
| 5Y Return (Ann) | -2.21% | 13.33% |
| 10Y Return (Ann) | -1.67% | 12.52% |
| Sharpe Ratio | 0.32 | 2.06 |
| Daily Std Dev | 17.06% | 11.78% |
| Max Drawdown | -48.02% | -55.19% |
| Current Drawdown | -26.14% | -3.39% |
Correlation
The correlation between EMIF and SPY is 0.58, 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
EMIF vs. SPY - Performance Comparison
In the year-to-date period, EMIF achieves a 2.20% return, which is significantly lower than SPY's 6.66% return. Over the past 10 years, EMIF has underperformed SPY with an annualized return of -1.67%, while SPY has yielded a comparatively higher 12.52% annualized 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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EMIF vs. SPY - Expense Ratio Comparison
EMIF has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EMIF vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Infrastructure ETF (EMIF) and SPDR S&P 500 ETF (SPY). 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
EMIF vs. SPY - Dividend Comparison
EMIF's dividend yield for the trailing twelve months is around 2.59%, more than SPY's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMIF iShares Emerging Markets Infrastructure ETF | 2.59% | 2.64% | 3.08% | 3.94% | 2.54% | 2.07% | 2.64% | 2.58% | 3.16% | 2.07% | 3.10% | 2.87% |
SPY SPDR S&P 500 ETF | 1.33% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
EMIF vs. SPY - Drawdown Comparison
The maximum EMIF drawdown since its inception was -48.02%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EMIF and SPY. For additional features, visit the drawdowns tool.
Volatility
EMIF vs. SPY - Volatility Comparison
iShares Emerging Markets Infrastructure ETF (EMIF) has a higher volatility of 4.66% compared to SPDR S&P 500 ETF (SPY) at 3.54%. This indicates that EMIF's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.