QEMM vs. EDIV

Last updated Jun 4, 2026

QEMM (SPDR MSCI Emerging Markets StrategicFactors ETF) and EDIV (SPDR S&P Emerging Markets Dividend ETF) are both Emerging Markets Equities funds from State Street - QEMM tracks the MSCI EM Factor Mix A-Series (USD) while EDIV tracks the S&P Emerging Markets Dividend Opportunities Index. Both are passively managed. Over the past 10 years, QEMM returned 8.96%/yr vs 9.16%/yr for EDIV. A 0.77 correlation means they provide meaningful diversification when combined. QEMM charges 0.30%/yr vs 0.49%/yr for EDIV.

Performance

QEMM vs. EDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) and SPDR S&P Emerging Markets Dividend ETF (EDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QEMM achieves a 24.39% return, which is significantly higher than EDIV's 6.42% return. Both investments have delivered pretty close results over the past 10 years, with QEMM having a 8.96% annualized return and EDIV not far ahead at 9.16%.

QEMM

• 1D: -1.21%
• 1M: 6.69%
• YTD: 24.39%
• 6M: 26.00%
• 1Y: 42.27%
• 3Y*: 19.52%
• 5Y*: 7.37%
• 10Y*: 8.96%

EDIV

• 1D: -1.27%
• 1M: 2.48%
• YTD: 6.42%
• 6M: 7.80%
• 1Y: 14.08%
• 3Y*: 19.05%
• 5Y*: 10.66%
• 10Y*: 9.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QEMM vs. EDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF	24.39%	21.92%	4.98%	12.50%	-17.82%	6.34%	9.95%	15.40%	-13.33%	31.50%
EDIV SPDR S&P Emerging Markets Dividend ETF	6.42%	16.45%	12.75%	41.91%	-15.31%	11.21%	-9.95%	11.80%	-6.16%	28.20%

Correlation

The correlation between QEMM and EDIV is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014	0.77

The correlation between QEMM and EDIV has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.

QEMM vs. EDIV - Sectors Allocation Comparison

Sectors	QEMM	EDIV
Technology	33.8%	8.4%
Financial Services	19.6%	29.7%
Consumer Cyclical	8.3%	11.8%
Industrials	7.2%	9.7%
Communication Services	6.4%	13.8%
Consumer Defensive	6.1%	12.8%
Energy	5.7%	3.2%
Basic Materials	5.6%	1.7%
Healthcare	3.5%	1.3%
Utilities	3.0%	2.5%
Real Estate	0.8%	5.1%

Return for Risk

QEMM vs. EDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QEMM

QEMM Risk / Return Rank: 78
QEMM Sharpe Ratio Rank: 78
QEMM Sortino Ratio Rank: 75
QEMM Omega Ratio Rank: 79
QEMM Calmar Ratio Rank: 79
QEMM Martin Ratio Rank: 77

EDIV

EDIV Risk / Return Rank: 30
EDIV Sharpe Ratio Rank: 31
EDIV Sortino Ratio Rank: 31
EDIV Omega Ratio Rank: 31
EDIV Calmar Ratio Rank: 28
EDIV Martin Ratio Rank: 29

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.

QEMM vs. EDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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.

	QEMM	EDIV	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.16	+1.38
Sortino ratio: Return per unit of downside risk	3.41	1.70	+1.71
Omega ratio: Gain probability vs. loss probability	1.48	1.22	+0.26
Calmar ratio: Return relative to maximum drawdown	4.08	1.37	+2.72
Martin ratio: Return relative to average drawdown	14.92	4.23	+10.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QEMM vs. EDIV - Sharpe Ratio Comparison

The current QEMM Sharpe Ratio is 2.54, which is higher than the EDIV Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of QEMM and EDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QEMM	EDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	1.16	+1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.78	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.53	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.17	+0.17

Drawdowns

QEMM vs. EDIV - Drawdown Comparison

The maximum QEMM drawdown since its inception was -36.89%, smaller than the maximum EDIV drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for QEMM and EDIV.

Drawdown Indicators

	QEMM	EDIV	Difference
Max Drawdown Largest peak-to-trough decline	-36.89%	-53.36%	+16.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	-10.36%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-17.03%	-13.84%	-3.19%
Max Drawdown (5Y) Largest decline over 5 years	-27.49%	-28.32%	+0.83%
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	-40.76%	+3.87%
Current Drawdown Current decline from peak	-1.21%	-4.07%	+2.86%
Average Drawdown Average peak-to-trough decline	-10.64%	-19.36%	+8.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	3.34%	-0.50%

Volatility

QEMM vs. EDIV - Volatility Comparison

SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) has a higher volatility of 7.29% compared to SPDR S&P Emerging Markets Dividend ETF (EDIV) at 4.11%. This indicates that QEMM's price experiences larger fluctuations and is considered to be riskier than EDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QEMM	EDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.29%	4.11%	+3.18%
Volatility (6M) Calculated over the trailing 6-month period	14.78%	10.03%	+4.75%
Volatility (1Y) Calculated over the trailing 1-year period	16.69%	12.19%	+4.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.23%	13.83%	+1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	17.49%	-0.60%

QEMM vs. EDIV - Expense Ratio Comparison

QEMM has a 0.30% expense ratio, which is lower than EDIV's 0.49% expense ratio.

Dividends

QEMM vs. EDIV - Dividend Comparison

QEMM's dividend yield for the trailing twelve months is around 4.34%, less than EDIV's 4.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDIV SPDR S&P Emerging Markets Dividend ETF	4.50%	4.69%	3.94%	4.26%	4.94%	3.84%	3.52%	3.83%	3.41%	2.99%	4.94%	5.33%
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF	4.34%	4.90%	5.17%	4.88%	4.07%	2.35%	2.48%	3.05%	2.86%	2.11%	2.03%	2.14%

Frequently Asked Questions

Can I hold both QEMM and EDIV in my portfolio?

QEMM and EDIV have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QEMM or EDIV?

QEMM has higher volatility (7.29%) compared to EDIV (4.11%). In terms of maximum drawdown, QEMM dropped -36.89% vs EDIV's -53.36%.

Which ETF is better, QEMM or EDIV?

On 10-year performance, EDIV leads with 9.16% vs 8.96% for QEMM. On fees, QEMM is cheaper at 0.30% per year. On volatility, EDIV has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QEMM or EDIV?

Over the 10-year period, EDIV has performed better with a 9.16% return vs 8.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QEMM or EDIV?

QEMM is cheaper with a 0.30% expense ratio, compared with 0.49% for EDIV.

Which ETF pays a higher dividend yield, QEMM or EDIV?

EDIV has the higher dividend yield at 4.50%, compared with 4.34% for QEMM.

What is the main difference between QEMM and EDIV?

QEMM tracks MSCI EM Factor Mix A-Series (USD), while EDIV tracks S&P Emerging Markets Dividend Opportunities Index. Their fees differ too: 0.30% for QEMM and 0.49% for EDIV.

Which has better risk-adjusted returns?

QEMM currently has the higher Sharpe Ratio (2.54 vs 1.16), 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.