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NVDA vs. SPEM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NVDA vs. SPEM

Last updated Jun 13, 2026

NVDA (NVIDIA Corporation) is a stock, while SPEM (SPDR Portfolio Emerging Markets ETF) is Emerging Markets Equities fund tracking the S&P Emerging Markets BMI. Over the past 10 years, NVDA returned 67.95%/yr vs 9.63%/yr for SPEM. At a 0.50 correlation, their price movements are largely independent.

Performance

NVDA vs. SPEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NVIDIA Corporation (NVDA) and SPDR Portfolio Emerging Markets ETF (SPEM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NVDA achieves a 10.16% return, which is significantly lower than SPEM's 11.32% return. Over the past 10 years, NVDA has outperformed SPEM with an annualized return of 67.95%, while SPEM has yielded a comparatively lower 9.63% annualized return.

NVDA

1D
0.16%
1M
-8.83%
YTD
10.16%
6M
17.38%
1Y
44.72%
3Y*
71.13%
5Y*
63.13%
10Y*
67.95%

SPEM

1D
0.87%
1M
2.50%
YTD
11.32%
6M
13.11%
1Y
27.73%
3Y*
17.37%
5Y*
5.60%
10Y*
9.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NVDA vs. SPEM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NVDA
NVIDIA Corporation		10.16%38.92%171.25%239.02%-50.26%125.48%122.30%76.94%-30.82%81.99%
SPEM
SPDR Portfolio Emerging Markets ETF		11.32%25.63%11.40%10.51%-17.90%1.51%14.55%19.69%-13.26%34.82%

Correlation

The correlation between NVDA and SPEM is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.48

Correlation (10Y)
Calculated over the trailing 10-year period

0.49

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2007

0.50

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NVIDIA Corporation

SPDR Portfolio Emerging Markets ETF

Often compared with NVDA:
NVDA vs. AMDNVDA vs. AAPLNVDA vs. AVGONVDA vs. TSMNVDA vs. SPYNVDA vs. AMZNNVDA vs. QQQ
Often compared with SPEM:
SPEM vs. VWOSPEM vs. EEMSPEM vs. EMXCSPEM vs. ESGESPEM vs. EMGFSPEM vs. EMCRSPEM vs. BKEM

Return for Risk

NVDA vs. SPEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NVDA
NVDA Risk / Return Rank: 7575
Overall Rank
NVDA Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
NVDA Sortino Ratio Rank: 7373
Sortino Ratio Rank
NVDA Omega Ratio Rank: 7171
Omega Ratio Rank
NVDA Calmar Ratio Rank: 7777
Calmar Ratio Rank
NVDA Martin Ratio Rank: 7777
Martin Ratio Rank
SPEM
SPEM Risk / Return Rank: 5252
Overall Rank
SPEM Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
SPEM Sortino Ratio Rank: 4949
Sortino Ratio Rank
SPEM Omega Ratio Rank: 5353
Omega Ratio Rank
SPEM Calmar Ratio Rank: 5252
Calmar Ratio Rank
SPEM Martin Ratio Rank: 5454
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVDA vs. SPEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NVIDIA Corporation (NVDA) 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.

NVDASPEMDifference
Sharpe ratioReturn per unit of total volatility
1.20
1.55

-0.36

Sortino ratioReturn per unit of downside risk
1.75
2.16

-0.40

Omega ratioGain probability vs. loss probability

1.21

1.29

-0.08

Calmar ratioReturn relative to maximum drawdown

2.07

2.28

-0.21

Martin ratioReturn relative to average drawdown

4.94

8.16

-3.22

NVDA vs. SPEM - Sharpe Ratio Comparison

The current NVDA Sharpe Ratio is 1.20, which is comparable to the SPEM Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of NVDA and SPEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NVDA vs. SPEM - Drawdown Comparison

The maximum NVDA drawdown since its inception was -89.72%, which is greater than SPEM's maximum drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for NVDA and SPEM.

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Drawdown Indicators

NVDASPEMDifference

Max Drawdown

Largest peak-to-trough decline

-89.72%

-64.41%

-25.31%

Max Drawdown (1Y)

Largest decline over 1 year

-20.21%

-11.36%

-8.85%

Max Drawdown (3Y)

Largest decline over 3 years

-36.88%

-17.62%

-19.26%

Max Drawdown (5Y)

Largest decline over 5 years

-66.34%

-31.75%

-34.59%

Max Drawdown (10Y)

Largest decline over 10 years

-66.34%

-36.06%

-30.28%

Current Drawdown

Current decline from peak

-12.86%

-2.40%

-10.46%

Average Drawdown

Average peak-to-trough decline

-36.18%

-14.73%

-21.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.46%

3.17%

+5.29%

Volatility

NVDA vs. SPEM - Volatility Comparison

NVIDIA Corporation (NVDA) has a higher volatility of 13.26% compared to SPDR Portfolio Emerging Markets ETF (SPEM) at 6.87%. This indicates that NVDA'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

NVDASPEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.26%

6.87%

+6.39%

Volatility (6M)

Calculated over the trailing 6-month period

26.67%

14.21%

+12.46%

Volatility (1Y)

Calculated over the trailing 1-year period

35.00%

16.67%

+18.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

51.76%

17.26%

+34.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

49.84%

18.83%

+31.01%

Dividends

NVDA vs. SPEM - Dividend Comparison

NVDA's dividend yield for the trailing twelve months is around 0.14%, less than SPEM's 2.49% yield.

PositionTTM20252024202320222021202020192018201720162015
NVDA
NVIDIA Corporation		0.14%0.02%0.03%0.03%0.11%0.05%0.12%0.27%0.46%0.29%0.45%1.20%
SPEM
SPDR Portfolio Emerging Markets ETF		2.49%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

NVDA and SPEM have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NVDA has higher volatility (13.26%) compared to SPEM (6.87%). In terms of maximum drawdown, NVDA dropped -89.72% vs SPEM's -64.41%.

SPEM currently has the higher Sharpe Ratio (1.55 vs 1.20), 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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