ESGE vs. SPEM
Compare and contrast key facts about iShares ESG Aware MSCI EM ETF (ESGE) and SPDR Portfolio Emerging Markets ETF (SPEM).
ESGE and SPEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESGE is a passively managed fund by iShares that tracks the performance of the MSCI EM Extended ESG Focus Index. It was launched on Jun 28, 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 ESGE 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: ESGE or SPEM.
Key characteristics
| ESGE | SPEM | |
|---|---|---|
| YTD Return | 11.79% | 15.31% |
| 1Y Return | 18.27% | 22.78% |
| 3Y Return (Ann) | -2.75% | 0.90% |
| 5Y Return (Ann) | 2.83% | 4.99% |
| Sharpe Ratio | 1.33 | 1.73 |
| Sortino Ratio | 1.95 | 2.46 |
| Omega Ratio | 1.24 | 1.31 |
| Calmar Ratio | 0.67 | 1.06 |
| Martin Ratio | 7.16 | 9.84 |
| Ulcer Index | 2.92% | 2.54% |
| Daily Std Dev | 15.62% | 14.39% |
| Max Drawdown | -41.07% | -64.41% |
| Current Drawdown | -17.93% | -5.77% |
Correlation
The correlation between ESGE and SPEM is 0.95, 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
ESGE vs. SPEM - Performance Comparison
In the year-to-date period, ESGE achieves a 11.79% return, which is significantly lower than SPEM's 15.31% 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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ESGE vs. SPEM - Expense Ratio Comparison
ESGE has a 0.25% expense ratio, which is higher than SPEM's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ESGE vs. SPEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) 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
ESGE vs. SPEM - Dividend Comparison
ESGE's dividend yield for the trailing twelve months is around 2.45%, which matches SPEM's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 2.45% | 2.64% | 2.68% | 2.66% | 1.31% | 2.59% | 2.19% | 1.86% | 0.27% | 0.00% | 0.00% | 0.00% |
SPEM SPDR Portfolio Emerging Markets ETF | 2.47% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% | 2.26% | 1.91% |
Drawdowns
ESGE vs. SPEM - Drawdown Comparison
The maximum ESGE drawdown since its inception was -41.07%, smaller than the maximum SPEM drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for ESGE and SPEM. For additional features, visit the drawdowns tool.
Volatility
ESGE vs. SPEM - Volatility Comparison
The current volatility for iShares ESG Aware MSCI EM ETF (ESGE) is 4.18%, while SPDR Portfolio Emerging Markets ETF (SPEM) has a volatility of 4.49%. This indicates that ESGE experiences smaller price fluctuations and is considered to be less risky than SPEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.