SPEM
SPDR Portfolio Emerging Markets ETF
SPDR S&P Emerging Markets ETF objective is to replicate the performance of the S&P Emerging BMI Index. The Index measures the investable universe of publicly traded companies domiciled in emer
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
$ 18.0 B
ASSETS UNDER MGMT
7 bp
EXPENSES
Fund Basics
| Inception date | Mar 19, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 14.2 % |
| TENCENT HOLDINGS LTD | 2.7 % |
| ALIBABA GROUP HOLDING LTD. | 2.1 % |
| MEDIATEK INC | 1.8 % |
| DELTA ELECTRONICS INC | 1.0 % |
| CHINA CONSTRUCTION BANK-H | 0.9 % |
| HON HAI PRECISION INDUSTRY | 0.9 % |
| RELIANCE INDS-SPONS GDR 144A | 0.8 % |
| ICICI BANK LTD-SPON ADR | 0.7 % |
| HDFC BANK LIMITED | 0.7 % |
Constituent Breakdown
| Number of holdings | 1725 |
| Herfindahl-Hirschman Index | 234 |
| Wgt avg mkt cap (mns) | $323,894 |
| Large cap (>$10bn) | 64.0% |
| Mid cap ($2-10bn) | 14.6% |
| Small cap (<$2bn) | 5.2% |
| Developed mkts. | 3.1% |
| Emerging mkts. | 84.4% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 31.5 % |
 |
CHINA | 18.6 % |
 |
INDIA | 12.9 % |
 |
BRAZIL | 3.8 % |
 |
SOUTH AFRICA | 2.8 % |
 |
SAUDI ARABIA | 2.7 % |
 |
HONG KONG | 2.0 % |
 |
MEXICO | 1.8 % |
 |
MALAYSIA | 1.6 % |
 |
POLAND | 1.4 % |
Historical Performance
Standardized Performance (as of 08/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.3% | 18.4% | 16.7% | 15.3% | 3.7% | 5.9% | -- | 3.2% |
| Dividend Yield | 1.1% | 3.2% | 3.3% | 3.2% | 3.2% | 2.7% | -- | 2.5% |
| Total Returns | 13.5% | 21.6% | 20.0% | 18.5% | 6.9% | 8.6% | -- | 5.7% | Ann. Volatility | 19.9% | 17.7% | 17.8% | 16.4% | 17.3% | 18.8% | -- | 24.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 66% |
| MSCI EAFE | 0.95 | 70% |
| MSCI Emg Mkts | 0.68 | 90% |
Liquidity Measures
| Avg. volume (000) | 1,295 |
| ADV traded (mns) | $69 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $51.47 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.34/0.19 |
| Bollinger Bands (Upper/Lower) | $53.09/$49.43 |
| Short interest (% of AUM) | 0.9% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SPEM |
Expenses vs. SPEM |
ALTAR Score™ vs. SPEM |
|---|---|---|---|---|
| VWO | Vanguard FTSE Emerging Markets ETF | 66.7% | 0 bp | -0.3% |
| SCHE | Schwab Emerging Markets Equity ETF | 62.0% | +4 bp | +0.1% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 61.3% | +62 bp | -1.7% |
| EEM | iShares MSCI Emerging Markets ETF | 61.2% | +62 bp | -1.7% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 59.7% | +23 bp | -1.5% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 59.3% | +2 bp | -1.4% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 57.0% | +4 bp | -1.5% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 56.9% | +8 bp | -1.4% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 56.5% | +59 bp | -2.0% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 56.2% | +28 bp | -2.5% |
Risk and Returns: SPEM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
10.1%
ALTAR SCORE™
88th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 216 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.5% and a standard deviation
of 2.2%. SPEM's ALTAR Score™ is approximately 1.2 standard
deviations above the category average. This places SPEM in the 88th percentile
among funds in the category.
Sell-Side Consensus
$60.39
PRICE TARGET
+13.1%
UPSIDE