SEEM vs. DIEM

Last updated Jun 4, 2026

SEEM (SEI Select Emerging Markets Equity ETF) and DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) are both Emerging Markets Diversified funds. SEEM is actively managed, while DIEM is passively managed. Over the past year, SEEM returned 61.31% vs 60.54% for DIEM. Their correlation of 0.94 suggests significant overlap in exposure. SEEM charges 0.60%/yr vs 0.19%/yr for DIEM.

Performance

SEEM vs. DIEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Select Emerging Markets Equity ETF (SEEM) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEEM achieves a 31.00% return, which is significantly lower than DIEM's 32.78% return.

SEEM

• 1D: -1.11%
• 1M: 9.98%
• YTD: 31.00%
• 6M: 34.54%
• 1Y: 61.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIEM

• 1D: -1.37%
• 1M: 12.08%
• YTD: 32.78%
• 6M: 35.57%
• 1Y: 60.54%
• 3Y*: 28.35%
• 5Y*: 11.49%
• 10Y*: —

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

SEEM vs. DIEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SEEM SEI Select Emerging Markets Equity ETF	31.00%	38.16%	-6.86%
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	32.78%	30.81%	-5.10%

Correlation

The correlation between SEEM and DIEM is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024	0.94

The correlation between SEEM and DIEM has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

Return for Risk

SEEM vs. DIEM — Risk / Return Rank

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

SEEM

SEEM Risk / Return Rank: 87
SEEM Sharpe Ratio Rank: 91
SEEM Sortino Ratio Rank: 87
SEEM Omega Ratio Rank: 89
SEEM Calmar Ratio Rank: 83
SEEM Martin Ratio Rank: 85

DIEM

DIEM Risk / Return Rank: 90
DIEM Sharpe Ratio Rank: 92
DIEM Sortino Ratio Rank: 90
DIEM Omega Ratio Rank: 92
DIEM Calmar Ratio Rank: 87
DIEM Martin Ratio Rank: 89

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.

SEEM vs. DIEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Select Emerging Markets Equity ETF (SEEM) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). 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.

	SEEM	DIEM	Difference
Sharpe ratio: Return per unit of total volatility	3.13	3.35	-0.22
Sortino ratio: Return per unit of downside risk	3.94	4.26	-0.31
Omega ratio: Gain probability vs. loss probability	1.56	1.62	-0.06
Calmar ratio: Return relative to maximum drawdown	4.40	4.93	-0.53
Martin ratio: Return relative to average drawdown	17.46	20.34	-2.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEEM vs. DIEM - Sharpe Ratio Comparison

The current SEEM Sharpe Ratio is 3.13, which is comparable to the DIEM Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of SEEM and DIEM, 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

	SEEM	DIEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.13	3.35	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.91	0.55	+1.36

Drawdowns

SEEM vs. DIEM - Drawdown Comparison

The maximum SEEM drawdown since its inception was -14.34%, smaller than the maximum DIEM drawdown of -38.61%. Use the drawdown chart below to compare losses from any high point for SEEM and DIEM.

Drawdown Indicators

	SEEM	DIEM	Difference
Max Drawdown Largest peak-to-trough decline	-14.34%	-38.61%	+24.27%
Max Drawdown (1Y) Largest decline over 1 year	-14.01%	-12.33%	-1.68%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.61%	—
Current Drawdown Current decline from peak	-1.11%	-1.37%	+0.26%
Average Drawdown Average peak-to-trough decline	-2.64%	-9.72%	+7.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	2.99%	+0.53%

Volatility

SEEM vs. DIEM - Volatility Comparison

SEI Select Emerging Markets Equity ETF (SEEM) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) have volatilities of 8.28% and 8.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEEM	DIEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.28%	8.52%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	17.02%	15.91%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	19.69%	18.17%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.80%	16.93%	+2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.80%	17.59%	+2.21%

SEEM vs. DIEM - Expense Ratio Comparison

SEEM has a 0.60% expense ratio, which is higher than DIEM's 0.19% expense ratio.

Dividends

SEEM vs. DIEM - Dividend Comparison

SEEM's dividend yield for the trailing twelve months is around 2.42%, more than DIEM's 2.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	2.30%	2.99%	4.92%	4.45%	6.31%	4.06%	2.75%	5.98%	3.87%	2.61%	0.35%
SEEM SEI Select Emerging Markets Equity ETF	2.42%	3.31%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEEM and DIEM in my portfolio?

With a correlation of 0.94, SEEM and DIEM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SEEM or DIEM?

DIEM has higher volatility (8.52%) compared to SEEM (8.28%). In terms of maximum drawdown, SEEM dropped -14.34% vs DIEM's -38.61%.

Which ETF is better, SEEM or DIEM?

On 1-year performance, SEEM leads with 61.31% vs 60.54% for DIEM. On fees, DIEM is cheaper at 0.19% per year. On volatility, SEEM has been the lower-risk option at 8.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEEM or DIEM?

Over the 1-year period, SEEM has performed better with a 61.31% return vs 60.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEEM or DIEM?

DIEM is cheaper with a 0.19% expense ratio, compared with 0.60% for SEEM.

Which ETF pays a higher dividend yield, SEEM or DIEM?

SEEM has the higher dividend yield at 2.42%, compared with 2.30% for DIEM.

What is the main difference between SEEM and DIEM?

They also come from different issuers: SEI and Franklin Templeton. Their fees differ too: 0.60% for SEEM and 0.19% for DIEM.

Which has better risk-adjusted returns?

DIEM currently has the higher Sharpe Ratio (3.35 vs 3.13), 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.