XCNY vs. DIEM
Compare and contrast key facts about SPDR S&P Emerging Markets ex-China ETF (XCNY) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM).
XCNY and DIEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCNY is a passively managed fund by State Street that tracks the performance of the S&P Emerging ex-China BMI. It was launched on Sep 4, 2024. DIEM is a passively managed fund by Franklin Templeton that tracks the performance of the Morningstar Emerging Markets Dividend Enhanced Select Index. It was launched on Jun 1, 2016. Both XCNY and DIEM 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
XCNY vs. DIEM - Performance Comparison
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XCNY vs. DIEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XCNY SPDR S&P Emerging Markets ex-China ETF | 2.91% | 20.42% | -3.51% |
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF | 5.94% | 30.81% | 1.41% |
Returns By Period
In the year-to-date period, XCNY achieves a 2.91% return, which is significantly lower than DIEM's 5.94% return.
XCNY
- 1D
- 0.45%
- 1M
- -5.62%
- YTD
- 2.91%
- 6M
- 7.19%
- 1Y
- 27.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIEM
- 1D
- 0.57%
- 1M
- -6.23%
- YTD
- 5.94%
- 6M
- 11.22%
- 1Y
- 34.79%
- 3Y*
- 19.28%
- 5Y*
- 7.71%
- 10Y*
- —
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XCNY vs. DIEM - Expense Ratio Comparison
XCNY has a 0.15% expense ratio, which is lower than DIEM's 0.19% 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%.
Return for Risk
XCNY vs. DIEM — Risk / Return Rank
XCNY
DIEM
XCNY vs. DIEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets ex-China ETF (XCNY) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). 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.
| XCNY | DIEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 1.90 | -0.43 |
Sortino ratioReturn per unit of downside risk | 2.12 | 2.53 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.38 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.86 | -0.54 |
Martin ratioReturn relative to average drawdown | 8.97 | 11.39 | -2.42 |
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
| XCNY | DIEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.90 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.42 | +0.29 |
Correlation
The correlation between XCNY and DIEM is 0.83, 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
XCNY vs. DIEM - Dividend Comparison
XCNY's dividend yield for the trailing twelve months is around 2.61%, less than DIEM's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
XCNY SPDR S&P Emerging Markets ex-China ETF | 2.61% | 2.68% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF | 2.88% | 2.99% | 4.92% | 4.45% | 6.31% | 4.06% | 2.75% | 5.98% | 3.87% | 2.61% | 0.35% |
Drawdowns
XCNY vs. DIEM - Drawdown Comparison
The maximum XCNY drawdown since its inception was -19.70%, smaller than the maximum DIEM drawdown of -38.61%. Use the drawdown chart below to compare losses from any high point for XCNY and DIEM.
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Drawdown Indicators
| XCNY | DIEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -38.61% | +18.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.86% | -12.33% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.34% | — |
Current DrawdownCurrent decline from peak | -8.34% | -8.58% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -9.86% | +5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 3.10% | -0.03% |
Volatility
XCNY vs. DIEM - Volatility Comparison
SPDR S&P Emerging Markets ex-China ETF (XCNY) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) have volatilities of 8.18% and 8.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCNY | DIEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 8.54% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.38% | 13.44% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.81% | 18.44% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 16.38% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 17.40% | -0.28% |