SPEM vs. ESGE
Compare and contrast key facts about SPDR Portfolio Emerging Markets ETF (SPEM) and iShares ESG Aware MSCI EM ETF (ESGE).
SPEM and ESGE 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. ESGE is a passively managed fund by iShares that tracks the performance of the MSCI EM Extended ESG Focus Index. It was launched on Jun 28, 2016. Both SPEM and ESGE 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 ESGE.
Performance
SPEM vs. ESGE - Performance Comparison
Returns By Period
In the year-to-date period, SPEM achieves a 12.77% return, which is significantly higher than ESGE's 8.67% return.
SPEM
12.77%
-3.85%
4.15%
16.62%
4.87%
3.97%
ESGE
8.67%
-4.58%
2.84%
12.15%
2.60%
N/A
Key characteristics
| SPEM | ESGE | |
|---|---|---|
| Sharpe Ratio | 1.09 | 0.71 |
| Sortino Ratio | 1.60 | 1.10 |
| Omega Ratio | 1.20 | 1.13 |
| Calmar Ratio | 0.73 | 0.36 |
| Martin Ratio | 5.40 | 3.39 |
| Ulcer Index | 2.96% | 3.31% |
| Daily Std Dev | 14.65% | 15.85% |
| Max Drawdown | -64.41% | -41.07% |
| Current Drawdown | -7.85% | -20.21% |
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SPEM vs. ESGE - Expense Ratio Comparison
SPEM has a 0.11% expense ratio, which is lower than ESGE'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 ESGE is 0.95, 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. ESGE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Emerging Markets ETF (SPEM) and iShares ESG Aware MSCI EM ETF (ESGE). 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. ESGE - Dividend Comparison
SPEM's dividend yield for the trailing twelve months is around 2.53%, which matches ESGE's 2.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEM SPDR Portfolio Emerging Markets ETF | 2.53% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% | 2.26% | 1.91% |
ESGE iShares ESG Aware MSCI EM ETF | 2.52% | 2.65% | 2.68% | 2.66% | 1.31% | 2.59% | 2.18% | 1.86% | 0.27% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPEM vs. ESGE - Drawdown Comparison
The maximum SPEM drawdown since its inception was -64.41%, which is greater than ESGE's maximum drawdown of -41.07%. Use the drawdown chart below to compare losses from any high point for SPEM and ESGE. For additional features, visit the drawdowns tool.
Volatility
SPEM vs. ESGE - Volatility Comparison
The current volatility for SPDR Portfolio Emerging Markets ETF (SPEM) is 4.37%, while iShares ESG Aware MSCI EM ETF (ESGE) has a volatility of 4.86%. This indicates that SPEM experiences smaller price fluctuations and is considered to be less risky than ESGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.