QEMM
SPDR MSCI Emerging Markets StrategicFactors ETF
SPDR MSCI Emerging Markets Quality Mix ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to provide investment results that before fees and expenses, correspond generally to the price and yield performance of the MSCI Emerging Markets Quality Mix Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
40.0 M
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Fund sponsor | #N/A Field Not Applicable |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 04, 2014 |
| Assets (mns) | $40 |
| Expense ratio | 30 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Unknown |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| RUSSIAN RUBLE | 6.4 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 3.8 % |
| MEDIATEK INC | 1.8 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.8 % |
| SAMSUNG ELECTRONICS CO LTD | 1.7 % |
| CHINA CONSTRUCTION BANK-H | 1.6 % |
| SAUDI ARABIAN OIL COMPANY (SAUDI ARAMCO) | 1.4 % |
| TATA CONSULTANCY SVS LTD | 1.3 % |
| NETEASE, INC | 1.1 % |
| IND & COMM BK OF CHINA - H | 1.1 % |
Constituent Breakdown
| Number of holdings | 730 |
| Herfindahl-Hirschman Index | 98 |
| Wgt avg mkt cap (mns) | $105,002 |
| Large cap (>$10bn) | 67.8% |
| Mid cap ($2-10bn) | 21.2% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 2.9% |
| Emerging mkts. | 89.1% |
Country Exposure
 |
CHINA | 21.1 % |
 |
INDIA | 17.4 % |
 |
TAIWAN | 15.6 % |
 |
SOUTH KOREA | 7.6 % |
 |
SAUDI ARABIA | 5.3 % |
 |
BRAZIL | 3.9 % |
 |
SOUTH AFRICA | 2.3 % |
 |
UAE | 2.1 % |
 |
MALAYSIA | 1.8 % |
 |
RUSSIA | 1.7 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.0% | 5.3% | 4.3% | 3.4% | 2.3% | 1.5% | -- | 0.3% |
| Dividend Yield | 0.0% | 3.2% | 4.1% | 4.6% | 3.8% | 3.1% | -- | 3.0% |
| Total Returns | 10.0% | 8.5% | 8.4% | 8.0% | 6.0% | 4.6% | -- | 3.3% | Ann. Volatility | 17.1% | 16.3% | 14.4% | 14.5% | 14.8% | 17.3% | -- | 17.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.65 | 51% |
| MSCI EAFE | 0.67 | 61% |
| MSCI Emg Mkts | 0.76 | 83% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.39% |
Technical Indicators
| Recent close | $63.97 |
| 30d moving avg. | $63.70 |
| Annualized volatility | 13.9% |
| Relative strength (RSI) | 57 |
| Short interest | 0.2% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| EEM | iShares MSCI Emerging Markets ETF | 49.6% | +39 bp | +10.3% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 48.4% | +36 bp | +9.7% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 48.2% | +19 bp | +10.1% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 47.9% | 0 bp | +10.4% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 47.5% | -15 bp | +10.3% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 47.0% | +15 bp | +10.4% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 46.6% | -19 bp | +10.0% |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | 46.4% | -5 bp | +6.5% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 45.6% | +6 bp | +9.8% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 45.4% | -21 bp | +10.5% |
Risk and Returns: QEMM 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 8/20/2025
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™
QEMM
9.2%
Cat. Avg
8.0%
ALTAR Score™ Calculation
Category Overview
There are 119 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.0% and a standard deviation of
2.6%. QEMM's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places QEMM in the 68th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QEMMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| (30 bp) Percentile rank | 12 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QEMM | 30.0 | 0.0 | 30 |
| Peer Avg. | 51.0 | 28.0 | 79.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .