EDIV
SPDR S&P Emerging Markets Dividend ETF
SPDR S&P Emerging Markets Dividend ETF's objective is to replicate as closely as possible the performance of the S&P Emerging Markets Dividend Opportunities Index.
Fund Basics
| Fund sponsor | SSGA Funds Management Inc |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 23, 2011 |
| Assets (mns) | $197 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Dividend |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ADVANCED SEMICONDUCTOR ENGR | 4.9 % |
| SHIMAO PROPERTY HOLDINGS LTD | 4.0 % |
| MAGNIT | 3.7 % |
| BANK OF CHINA LTD - H | 3.7 % |
| AGRICULTURAL BANK OF CHINA-H | 3.6 % |
| QUANTA COMPUTER INC | 3.6 % |
| CHINA CONSTRUCTION BANK-H | 3.4 % |
| IND & COMM BK OF CHINA - H | 3.4 % |
| CHINA PETROLEUM & CHEMICAL-H | 3.3 % |
| PETROCHINA CO LTD-H | 3.1 % |
Constituent Breakdown
| Number of holdings | 105 |
| Herfindahl-Hirschman Index | 229 |
| Wgt avg mkt cap (mns) | $4,265 |
| Large cap (>$10bn) | 16.8% |
| Mid cap ($2-10bn) | 32.2% |
| Small cap (<$2bn) | 20.2% |
| Developed mkts. | 10.6% |
| Emerging mkts. | 88.1% |
Country Exposure
 |
TAIWAN | 42.2 % |
 |
CHINA | 28.0 % |
 |
HONG KONG | 10.9 % |
 |
BRAZIL | 7.8 % |
 |
RUSSIA | 6.0 % |
 |
THAILAND | 3.6 % |
 |
SOUTH AFRICA | 3.1 % |
 |
UNITED ARAB EMIRATES | 1.3 % |
 |
MALAYSIA | 1.2 % |
 |
MEXICO | 1.0 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 4.1% | -11.6% | -3.1% | 0.6% | -3.0% | -1.9% | -1.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 52% |
| MSCI EAFE | 0.79 | 74% |
| MSCI Emg Mkts | 0.77 | 80% |
Liquidity Measures
| Avg. volume (000) | 32 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.28% |
| ADV of underlying (mns) | $1,024 |
Technical Indicators
| Recent close | $25.81 |
| 30d moving avg. | $25.50 |
| Annualized volatility | 19.1% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EDIV |
Expenses vs. EDIV |
ALTAR Score™ vs. EDIV |
|---|---|---|---|---|
| DEM | WisdomTree Emerging Markets High Dividend Fund | 23.5% | +14 bp | +0.8% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 19.1% | -10 bp | -1.2% |
| CHIX | Global X MSCI China Financials ETF | 18.6% | +16 bp | +9.1% |
| FXI | iShares China Large-Cap ETF | 17.7% | +25 bp | -1.1% |
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | 17.3% | -20 bp | -5.1% |
| UEVM | VictoryShares USAA MSCI Emerging Markets Value Momentum ETF | 15.8% | -4 bp | -1.2% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 15.2% | -5 bp | -1.9% |
| DFEV | Dimensional Emerging Markets Value ETF | 14.8% | -6 bp | -1.3% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 14.7% | +1 bp | -1.6% |
| RNEM | First Trust Emerging Markets Equity Select ETF | 14.4% | +26 bp | -3.6% |
Risk and Returns: EDIV 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 3/24/2023
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EDIV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
EDIV
14.6%
Cat. Avg
8.4%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 14.6% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 185 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 8.4% and a standard deviation of
4.3%. EDIV's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places EDIV in the 92nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EDIV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EDIV | 49.0 | 28.2 | 77.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .