QEMM vs. LDEM
Compare and contrast key facts about SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) and iShares ESG MSCI EM Leaders ETF (LDEM).
QEMM and LDEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QEMM is a passively managed fund by State Street that tracks the performance of the MSCI EM Factor Mix A-Series (USD). It was launched on Jun 4, 2014. LDEM is a passively managed fund by iShares that tracks the performance of the MSCI EM Extended ESG Leaders 5% Issuer Capped Index. It was launched on Feb 5, 2020. Both QEMM and LDEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QEMM vs. LDEM - Performance Comparison
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QEMM vs. LDEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF | 4.84% | 21.92% | 4.98% | 12.50% | -17.82% | 6.34% | 11.72% |
LDEM iShares ESG MSCI EM Leaders ETF | -0.25% | 32.49% | 5.87% | 6.49% | -22.46% | -2.03% | 15.59% |
Returns By Period
In the year-to-date period, QEMM achieves a 4.84% return, which is significantly higher than LDEM's -0.25% return.
QEMM
- 1D
- 2.95%
- 1M
- -6.92%
- YTD
- 4.84%
- 6M
- 8.64%
- 1Y
- 26.47%
- 3Y*
- 13.21%
- 5Y*
- 4.75%
- 10Y*
- 7.09%
LDEM
- 1D
- 3.27%
- 1M
- -7.84%
- YTD
- -0.25%
- 6M
- 0.54%
- 1Y
- 23.06%
- 3Y*
- 11.73%
- 5Y*
- 1.19%
- 10Y*
- —
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QEMM vs. LDEM - Expense Ratio Comparison
QEMM has a 0.30% expense ratio, which is higher than LDEM's 0.16% expense ratio.
Return for Risk
QEMM vs. LDEM — Risk / Return Rank
QEMM
LDEM
QEMM vs. LDEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) and iShares ESG MSCI EM Leaders ETF (LDEM). 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 | LDEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.54 | 1.19 | +0.35 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.71 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.24 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.77 | +0.79 |
Martin ratioReturn relative to average drawdown | 9.33 | 6.40 | +2.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QEMM | LDEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.19 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.06 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.22 | +0.04 |
Correlation
The correlation between QEMM and LDEM is 0.88, 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.
Dividends
QEMM vs. LDEM - Dividend Comparison
QEMM's dividend yield for the trailing twelve months is around 4.67%, more than LDEM's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF | 4.67% | 4.90% | 5.17% | 4.88% | 4.07% | 2.35% | 2.48% | 3.05% | 2.86% | 2.11% | 2.03% | 2.14% |
LDEM iShares ESG MSCI EM Leaders ETF | 3.26% | 3.26% | 2.64% | 3.20% | 4.93% | 1.82% | 1.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QEMM vs. LDEM - Drawdown Comparison
The maximum QEMM drawdown since its inception was -36.89%, smaller than the maximum LDEM drawdown of -40.82%. Use the drawdown chart below to compare losses from any high point for QEMM and LDEM.
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Drawdown Indicators
| QEMM | LDEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.89% | -40.82% | +3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -13.21% | +2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -27.55% | -39.17% | +11.62% |
Max Drawdown (10Y)Largest decline over 10 years | -36.89% | — | — |
Current DrawdownCurrent decline from peak | -7.76% | -10.37% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -17.72% | +6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 3.65% | -0.80% |
Volatility
QEMM vs. LDEM - Volatility Comparison
SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) has a higher volatility of 9.11% compared to iShares ESG MSCI EM Leaders ETF (LDEM) at 8.07%. This indicates that QEMM's price experiences larger fluctuations and is considered to be riskier than LDEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QEMM | LDEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 8.07% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 13.06% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.21% | 19.39% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 18.95% | -4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 20.76% | -4.03% |