EEMX
SPDR MSCI Emerging Markets Fossil Fuel 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
30 bp
EXPENSES
$77.1 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | SSGA |
Category | Emerging |
Asset class | Equity |
Website | link... |
Inception date | Oct 24, 2016 |
Assets (mns) | $77 |
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 | 10.3 % |
TENCENT HOLDINGS LTD | 4.3 % |
SAMSUNG ELECTRONICS CO LTD | 4.2 % |
ALIBABA GROUP HOLDING LTD. | 2.1 % |
HYNIX SEMICONDUCTOR INC | 1.3 % |
HON HAI PRECISION INDUSTRY | 1.2 % |
INFOSYS TECHNOLOGIES LTD | 1.2 % |
ICICI BANK LTD | 1.2 % |
SBERBANK | 1.1 % |
MEITUAN DIANPING | 1.1 % |
Constituent Breakdown
Number of holdings | 543 |
Herfindahl-Hirschman Index | 187 |
Wgt avg mkt cap (mns) | $155,077 |
Large cap (>$10bn) | 82.1% |
Mid cap ($2-10bn) | 17.0% |
Small cap (<$2bn) | 0.2% |
Developed mkts. | 5.7% |
Emerging mkts. | 94.3% |
Country Exposure
CHINA | 21.3 % | |
TAIWAN | 20.7 % | |
INDIA | 16.3 % | |
SOUTH KOREA | 12.7 % | |
SAUDI ARABIA | 3.8 % | |
BRAZIL | 3.6 % | |
SOUTH AFRICA | 2.5 % | |
MEXICO | 2.1 % | |
HONG KONG | 1.6 % | |
INDONESIA | 1.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 2.8% | 6.2% | -26.6% | -25.8% | -11.0% | -- | -5.0% | Volatility | 14.1% | 15.3% | 17.6% | 18.5% | 21.5% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.36 | 4% |
MSCI EAFE | 0.34 | 4% |
MSCI Emg Mkts | 0.52 | 9% |
Liquidity Measures
Avg. volume (000) | 4 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.33% |
ADV of underlying (mns) | $26,419 |
Technical Indicators
Recent close | $32.12 |
30d moving avg. | $32.99 |
Annualized volatility | 31.4% |
Relative strength (RSI) | 55 |
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. EEMX |
Expenses vs. EEMX |
ALTAR Score™ vs. EEMX |
---|---|---|---|---|
EEM | iShares MSCI Emerging Markets ETF | 74.0% | +39 bp | -0.5% |
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 72.0% | +36 bp | -0.6% |
EEMA | iShares MSCI Emerging Markets Asia ETF | 70.5% | +19 bp | -0.8% |
AAXJ | iShares MSCI All Country Asia ex Japan ETF | 68.3% | +40 bp | -1.1% |
EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 67.9% | -15 bp | -0.1% |
BKEM | BNY Mellon Emerging Markets Equity ETF | 67.8% | -19 bp | +0.1% |
GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 65.7% | +6 bp | -0.2% |
EMXC | iShares MSCI Emerging Markets ex China ETF | 65.6% | -5 bp | -0.8% |
JHEM | John Hancock Multifactor Emerging Markets ETF | 64.7% | +19 bp | +0.7% |
IEMG | iShares Core MSCI Emerging Markets ETF | 64.0% | -21 bp | +0.1% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
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
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 7/25/2024
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
EEMX
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
EEMX
7.4%
Cat. Avg
7.5%
Fund Category: Emerging
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 7.4% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 161 funds in the Emerging category, with an average ALTAR Score™
of 7.5% and a standard deviation of
3.9%. EEMX's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places EEMX in the 49th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EEMX
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Passive Emerging Market Equity ETFs |
# of ETFs | 53 |
Avg. Expense Ratio | 52.8 bp |
Std. Deviation | 23.2 bp |
EEMX (30 bp) Percentile rank | 16 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
EEMX | 30.0 | 32.7 | 62.7 |
Peer Avg. | 57.1 | 44.2 | 101.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .