SPEM vs. FEMSX
Compare and contrast key facts about SPDR Portfolio Emerging Markets ETF (SPEM) and Fidelity Series Emerging Markets Opportunities Fund (FEMSX).
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. FEMSX is managed by Fidelity. It was launched on Dec 9, 2008.
Performance
SPEM vs. FEMSX - Performance Comparison
Loading graphics...
SPEM vs. FEMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPEM SPDR Portfolio Emerging Markets ETF | 0.56% | 25.63% | 11.40% | 10.51% | -17.90% | 1.51% | 14.55% | 19.69% | -13.26% | 34.82% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 5.44% | 37.92% | 7.84% | 14.23% | -23.95% | -5.14% | 24.72% | 28.87% | -16.20% | 49.92% |
Returns By Period
In the year-to-date period, SPEM achieves a 0.56% return, which is significantly lower than FEMSX's 5.44% return. Over the past 10 years, SPEM has underperformed FEMSX with an annualized return of 8.20%, while FEMSX has yielded a comparatively higher 10.88% annualized return.
SPEM
- 1D
- 0.34%
- 1M
- -5.46%
- YTD
- 0.56%
- 6M
- 1.60%
- 1Y
- 22.62%
- 3Y*
- 14.52%
- 5Y*
- 4.36%
- 10Y*
- 8.20%
FEMSX
- 1D
- 3.55%
- 1M
- -8.32%
- YTD
- 5.44%
- 6M
- 10.54%
- 1Y
- 38.82%
- 3Y*
- 19.32%
- 5Y*
- 4.35%
- 10Y*
- 10.88%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPEM vs. FEMSX - Expense Ratio Comparison
SPEM has a 0.11% expense ratio, which is higher than FEMSX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SPEM vs. FEMSX — Risk / Return Rank
SPEM
FEMSX
SPEM vs. FEMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Emerging Markets ETF (SPEM) and Fidelity Series Emerging Markets Opportunities Fund (FEMSX). 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 | FEMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 2.08 | -0.80 |
Sortino ratioReturn per unit of downside risk | 1.79 | 2.68 | -0.89 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.40 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.89 | -1.02 |
Martin ratioReturn relative to average drawdown | 7.12 | 11.41 | -4.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SPEM | FEMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.08 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.23 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.57 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.50 | -0.29 |
Correlation
The correlation between SPEM and FEMSX 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.
Dividends
SPEM vs. FEMSX - Dividend Comparison
SPEM's dividend yield for the trailing twelve months is around 2.76%, more than FEMSX's 2.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEM SPDR Portfolio Emerging Markets ETF | 2.76% | 2.77% | 2.78% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 2.32% | 2.45% | 2.08% | 2.82% | 2.39% | 12.83% | 2.99% | 2.48% | 9.42% | 8.98% | 1.46% | 1.27% |
Drawdowns
SPEM vs. FEMSX - Drawdown Comparison
The maximum SPEM drawdown since its inception was -64.41%, which is greater than FEMSX's maximum drawdown of -44.16%. Use the drawdown chart below to compare losses from any high point for SPEM and FEMSX.
Loading graphics...
Drawdown Indicators
| SPEM | FEMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -44.16% | -20.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -13.42% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.94% | -41.64% | +9.70% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | -44.16% | +8.10% |
Current DrawdownCurrent decline from peak | -8.25% | -10.35% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -14.87% | -13.52% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.40% | -0.15% |
Volatility
SPEM vs. FEMSX - Volatility Comparison
The current volatility for SPDR Portfolio Emerging Markets ETF (SPEM) is 7.45%, while Fidelity Series Emerging Markets Opportunities Fund (FEMSX) has a volatility of 10.41%. This indicates that SPEM experiences smaller price fluctuations and is considered to be less risky than FEMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SPEM | FEMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 10.41% | -2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 14.73% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.79% | 19.16% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 18.65% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.75% | 19.13% | -0.38% |