SPEM vs. EEMV
Compare and contrast key facts about SPDR Portfolio Emerging Markets ETF (SPEM) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV).
SPEM and EEMV 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. EEMV is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Minimum Volatility Index. It was launched on Oct 18, 2011. Both SPEM and EEMV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPEM or EEMV.
Performance
SPEM vs. EEMV - Performance Comparison
Returns By Period
In the year-to-date period, SPEM achieves a 12.34% return, which is significantly higher than EEMV's 8.31% return. Over the past 10 years, SPEM has outperformed EEMV with an annualized return of 4.00%, while EEMV has yielded a comparatively lower 2.45% annualized return.
SPEM
12.34%
-4.03%
4.49%
16.51%
4.79%
4.00%
EEMV
8.31%
-3.28%
4.90%
12.76%
3.04%
2.45%
Key characteristics
| SPEM | EEMV | |
|---|---|---|
| Sharpe Ratio | 1.10 | 1.30 |
| Sortino Ratio | 1.62 | 1.87 |
| Omega Ratio | 1.20 | 1.23 |
| Calmar Ratio | 0.74 | 0.93 |
| Martin Ratio | 5.38 | 6.23 |
| Ulcer Index | 3.01% | 1.98% |
| Daily Std Dev | 14.64% | 9.48% |
| Max Drawdown | -64.41% | -31.56% |
| Current Drawdown | -8.20% | -5.92% |
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SPEM vs. EEMV - Expense Ratio Comparison
SPEM has a 0.11% expense ratio, which is lower than EEMV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SPEM and EEMV is 0.92, 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.
Risk-Adjusted Performance
SPEM vs. EEMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Emerging Markets ETF (SPEM) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV). 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.
Dividends
SPEM vs. EEMV - Dividend Comparison
SPEM's dividend yield for the trailing twelve months is around 2.54%, less than EEMV's 2.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEM SPDR Portfolio Emerging Markets ETF | 2.54% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% | 2.26% | 1.91% |
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 2.83% | 2.75% | 1.93% | 2.14% | 2.45% | 2.63% | 2.46% | 2.34% | 2.79% | 2.55% | 2.71% | 2.51% |
Drawdowns
SPEM vs. EEMV - Drawdown Comparison
The maximum SPEM drawdown since its inception was -64.41%, which is greater than EEMV's maximum drawdown of -31.56%. Use the drawdown chart below to compare losses from any high point for SPEM and EEMV. For additional features, visit the drawdowns tool.
Volatility
SPEM vs. EEMV - Volatility Comparison
SPDR Portfolio Emerging Markets ETF (SPEM) has a higher volatility of 4.34% compared to iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) at 3.03%. This indicates that SPEM's price experiences larger fluctuations and is considered to be riskier than EEMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.