SPEM vs. EMMF
Compare and contrast key facts about SPDR Portfolio Emerging Markets ETF (SPEM) and WisdomTree Emerging Markets Multifactor Fund (EMMF).
SPEM and EMMF 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. EMMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018.
Performance
SPEM vs. EMMF - Performance Comparison
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SPEM vs. EMMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPEM SPDR Portfolio Emerging Markets ETF | 0.21% | 25.63% | 11.40% | 10.51% | -17.90% | 1.51% | 14.55% | 19.69% | -7.55% |
EMMF WisdomTree Emerging Markets Multifactor Fund | 5.23% | 21.22% | 9.45% | 20.59% | -13.47% | 5.97% | 9.25% | 2.30% | -6.64% |
Returns By Period
In the year-to-date period, SPEM achieves a 0.21% return, which is significantly lower than EMMF's 5.23% 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%
EMMF
- 1D
- 3.29%
- 1M
- -7.68%
- YTD
- 5.23%
- 6M
- 9.36%
- 1Y
- 27.88%
- 3Y*
- 17.64%
- 5Y*
- 7.45%
- 10Y*
- —
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SPEM vs. EMMF - Expense Ratio Comparison
SPEM has a 0.11% expense ratio, which is lower than EMMF's 0.48% expense ratio.
Return for Risk
SPEM vs. EMMF — Risk / Return Rank
SPEM
EMMF
SPEM vs. EMMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Emerging Markets ETF (SPEM) and WisdomTree Emerging Markets Multifactor Fund (EMMF). 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 | EMMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.66 | -0.38 |
Sortino ratioReturn per unit of downside risk | 1.80 | 2.25 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.34 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.58 | -0.77 |
Martin ratioReturn relative to average drawdown | 7.01 | 10.52 | -3.51 |
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 | EMMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.66 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.53 | -0.28 |
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 | 0.39 | -0.18 |
Correlation
The correlation between SPEM and EMMF is 0.89, 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
SPEM vs. EMMF - Dividend Comparison
SPEM's dividend yield for the trailing twelve months is around 2.77%, more than EMMF's 2.25% 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% |
EMMF WisdomTree Emerging Markets Multifactor Fund | 2.25% | 2.45% | 1.30% | 1.62% | 3.48% | 2.64% | 1.93% | 2.93% | 0.66% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPEM vs. EMMF - Drawdown Comparison
The maximum SPEM drawdown since its inception was -64.41%, which is greater than EMMF's maximum drawdown of -32.57%. Use the drawdown chart below to compare losses from any high point for SPEM and EMMF.
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Drawdown Indicators
| SPEM | EMMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -32.57% | -31.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -10.62% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -31.94% | -25.20% | -6.74% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | — | — |
Current DrawdownCurrent decline from peak | -8.56% | -7.68% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -14.87% | -7.58% | -7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.61% | +0.59% |
Volatility
SPEM vs. EMMF - Volatility Comparison
The current volatility for SPDR Portfolio Emerging Markets ETF (SPEM) is 8.25%, while WisdomTree Emerging Markets Multifactor Fund (EMMF) has a volatility of 9.11%. This indicates that SPEM experiences smaller price fluctuations and is considered to be less risky than EMMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPEM | EMMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | 9.11% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 12.48% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.79% | 16.91% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 14.01% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 16.45% | +2.31% |