EEMX
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
The SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF tracks a subset of the MSCI Emerging Markets Index that excludes companies that own fossil fuel reserves.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
$ 98.9 M
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Fund sponsor | SSGA |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 24, 2016 |
| Assets (mns) | $99 |
| Expense ratio | 30 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 13.5 % |
| SAMSUNG ELECTRONICS CO LTD | 4.8 % |
| TENCENT HOLDINGS LTD | 4.7 % |
| ALIBABA GROUP HOLDING LTD. | 3.3 % |
| HYNIX SEMICONDUCTOR INC | 2.8 % |
| SBERBANK | 1.1 % |
| HDFC BANK LIMITED | 1.1 % |
| CHINA CONSTRUCTION BANK-H | 0.9 % |
| HON HAI PRECISION INDUSTRY | 0.9 % |
| ICICI BANK LTD | 0.8 % |
Constituent Breakdown
| Number of holdings | 779 |
| Herfindahl-Hirschman Index | 264 |
| Wgt avg mkt cap (mns) | $264,718 |
| Large cap (>$10bn) | 77.9% |
| Mid cap ($2-10bn) | 12.8% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 2.5% |
| Emerging mkts. | 90.3% |
Country Exposure
 |
TAIWAN | 22.5 % |
 |
CHINA | 22.1 % |
 |
SOUTH KOREA | 14.6 % |
 |
INDIA | 11.1 % |
 |
BRAZIL | 3.3 % |
 |
SOUTH AFRICA | 3.0 % |
 |
SAUDI ARABIA | 2.6 % |
 |
MEXICO | 1.9 % |
 |
UAE | 1.3 % |
 |
HONG KONG | 1.3 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 32.0% | 32.0% | 17.7% | 14.1% | 2.0% | -- | -- | 4.8% |
| Dividend Yield | 3.2% | 3.2% | 2.8% | 2.6% | 2.2% | -- | -- | 2.3% |
| Total Returns | 35.2% | 35.2% | 20.4% | 16.8% | 4.3% | -- | -- | 7.1% | Ann. Volatility | 17.8% | 17.8% | 16.9% | 16.5% | 18.4% | -- | -- | 20.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 57% |
| MSCI EAFE | 0.85 | 62% |
| MSCI Emg Mkts | 1.00 | 98% |
Liquidity Measures
| Avg. volume (000) | 12 |
| ADV traded (mns) | $1 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.42% |
Technical Indicators
| 30d moving avg. (EMA) | $43.89 |
| Relative strength (RSI) | 68 |
| MACD/Signal | 0.91/0.81 |
| Bollinger Bands (Upper/Lower) | $46.54/$42.05 |
| Short interest (% of AUM) | 1.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EEMX |
Expenses vs. EEMX |
ALTAR Score™ vs. EEMX |
|---|---|---|---|---|
| EEM | iShares MSCI Emerging Markets ETF | 85.8% | +39 bp | +8.7% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 81.3% | +36 bp | +8.3% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 77.5% | -15 bp | +9.0% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 76.1% | -19 bp | +8.8% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 74.9% | +6 bp | +8.5% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 73.8% | +40 bp | +8.2% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 73.5% | -21 bp | +9.1% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 72.8% | +19 bp | +8.9% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 69.7% | -15 bp | +8.8% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 69.0% | -11 bp | +8.4% |
Risk and Returns: EEMX 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 1/30/2026
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
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
EEMX
9.0%
Cat. Avg
7.6%
ALTAR Score™ Calculation
Category Overview
There are 183 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.6% and a standard deviation of
2.2%. EEMX's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places EEMX in the 75th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EEMXSELL
U/W
HOLD
O/W
BUY