SPEM vs. COM
Compare and contrast key facts about SPDR Portfolio Emerging Markets ETF (SPEM) and Direxion Auspice Broad Commodity Strategy ETF (COM).
SPEM and COM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. COM is a passively managed fund by Direxion that tracks the performance of the Auspice Broad Commodity ER Index. It was launched on Mar 30, 2017. Both SPEM and COM 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
SPEM vs. COM - Performance Comparison
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SPEM vs. COM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPEM SPDR Portfolio Emerging Markets ETF | 0.21% | 25.63% | 11.40% | 10.51% | -17.90% | 1.51% | 14.55% | 19.69% | -13.26% | 19.16% |
COM Direxion Auspice Broad Commodity Strategy ETF | 14.18% | 7.72% | 5.81% | -2.09% | 9.17% | 28.00% | 6.63% | -0.18% | -0.03% | -2.05% |
Returns By Period
In the year-to-date period, SPEM achieves a 0.21% return, which is significantly lower than COM's 14.18% return.
SPEM
- 1D
- 3.17%
- 1M
- -7.13%
- YTD
- 0.21%
- 6M
- 1.89%
- 1Y
- 22.70%
- 3Y*
- 14.39%
- 5Y*
- 4.29%
- 10Y*
- 8.16%
COM
- 1D
- 0.21%
- 1M
- 5.67%
- YTD
- 14.18%
- 6M
- 18.01%
- 1Y
- 17.69%
- 3Y*
- 6.92%
- 5Y*
- 10.16%
- 10Y*
- —
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SPEM vs. COM - Expense Ratio Comparison
SPEM has a 0.11% expense ratio, which is lower than COM's 0.70% expense ratio.
Return for Risk
SPEM vs. COM — Risk / Return Rank
SPEM
COM
SPEM vs. COM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Emerging Markets ETF (SPEM) and Direxion Auspice Broad Commodity Strategy ETF (COM). 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.
| SPEM | COM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.72 | -0.44 |
Sortino ratioReturn per unit of downside risk | 1.80 | 2.24 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.34 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.96 | -1.14 |
Martin ratioReturn relative to average drawdown | 7.01 | 6.37 | +0.63 |
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
| SPEM | COM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.72 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 1.05 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.73 | -0.52 |
Correlation
The correlation between SPEM and COM is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SPEM vs. COM - Dividend Comparison
SPEM's dividend yield for the trailing twelve months is around 2.77%, more than COM's 2.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEM SPDR Portfolio Emerging Markets ETF | 2.77% | 2.77% | 2.78% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% |
COM Direxion Auspice Broad Commodity Strategy ETF | 2.48% | 2.99% | 3.88% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% | 0.00% | 0.00% |
Drawdowns
SPEM vs. COM - Drawdown Comparison
The maximum SPEM drawdown since its inception was -64.41%, which is greater than COM's maximum drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for SPEM and COM.
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Drawdown Indicators
| SPEM | COM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -15.95% | -48.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -6.15% | -6.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.94% | -14.02% | -17.92% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | — | — |
Current DrawdownCurrent decline from peak | -8.56% | -0.64% | -7.92% |
Average DrawdownAverage peak-to-trough decline | -14.87% | -6.38% | -8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.86% | +0.34% |
Volatility
SPEM vs. COM - Volatility Comparison
SPDR Portfolio Emerging Markets ETF (SPEM) has a higher volatility of 8.25% compared to Direxion Auspice Broad Commodity Strategy ETF (COM) at 3.77%. This indicates that SPEM's price experiences larger fluctuations and is considered to be riskier than COM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPEM | COM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | 3.77% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 8.21% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.79% | 10.35% | +7.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 9.71% | +7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 9.76% | +9.00% |