SPEM — State Street SPDR Portfolio Emerging Markets ETF

SPEM Price Performance — Growth of $10,000

Value of a $10,000 investment in SPEM over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SPEM Drawdown

The "underwater" chart: SPEM's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street SPDR Portfolio Emerging Markets ETF (SPEM) is a fund focused on emerging markets, managed by State Street Investment Management. It is positioned as the 192nd best-performing ETF among the 458 tracked by ETFValuer, indicating a solid standing in its category. With an expense ratio of 0.07%, it is cost-effective, and its dividend yield of 2.54% provides a steady income stream for investors. The fund's assets under management (AUM) stand at $17.3 billion, suggesting significant investor adoption and liquidity. The price of $52.38 per share reflects the fund's market value and its position in the market relative to its size and performance.

The State Street SPDR Portfolio Emerging Markets ETF (SPEM) has shown a consistent performance pattern over the past year, with a 1-day return of +0.61% and a 1-week return of +0.38%, indicating a stable short-term performance. Over the longer term, the fund has demonstrated a strong upward trend, with a 1-month return of +3.76%, a 3-month return of +3.56%, and a 6-month return of +4.00%. The year-to-date (YTD) return of +10.71% and the 1-year return of +21.28% further support this positive trend. The 3-year return of +65.43% highlights the fund's ability to generate significant gains over extended periods, suggesting a combination of short-term stability and long-term growth potential.

The State Street SPDR Portfolio Emerging Markets ETF (SPEM) is categorized as having a moderate volatility label, which suggests that it experiences fluctuations in value but is generally less volatile than more aggressive funds. With a beta of 0.86, the fund is slightly less sensitive to market movements compared to the overall market, indicating that it may offer some protection during market downturns. The Sharpe ratio of 0.92 indicates that the fund provides a good risk-adjusted return, meaning that the returns are relatively high compared to the risk taken. The maximum drawdown of -17.62% reflects the fund's potential for significant losses during market downturns, but this figure is within a moderate range, suggesting that the fund can withstand periods of market volatility without excessive losses. Overall, these figures imply that SPEM offers a balanced approach to risk and return, suitable for investors seeking exposure to emerging markets with a moderate risk tolerance.

AI-generated summary based on the data on this page.

SPEM Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 25.3% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SPEM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SPEM

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPEM's top 10 — SCHE overlaps most, holding 9 of the same companies as SPEM's top 10 (23.3% of SPEM's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.69% (as of 2026-08-20) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.01 (as of 2026-08-20) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 118.90 (as of 2026-08-14) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

SPEM Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 2.12% and average daily volume is 2.0M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $17.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SPEM is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SPEM Performance History

How SPEM Compares to Other Emerging Markets ETFs