SPEM
SPDR Portfolio Emerging Markets ETF
SPDR S&P Emerging Markets ETF objective is to replicate the performance of the S&P Emerging BMI Index. The Index measures the investable universe of publicly traded companies domiciled in emer
Fund Basics
| Fund sponsor | SSGA Funds Management Inc |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 19, 2007 |
| Assets (mns) | $7,299 |
| Expense ratio | 7 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| 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 +
| JPMorgan BetaBuilders Canada ETF | 44.6 % |
| Nifty India Financials ETF | 5.0 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 5.0 % |
| First Trust Multi Cap Value AlphaDEX Fun | 4.3 % |
| TENCENT HOLDINGS LTD | 3.2 % |
| SPDR S&P Regional Banking ETF | 3.1 % |
| ALIBABA GROUP HOLDING LTD. | 2.2 % |
| WisdomTree Global ex-US Quality Dividend | 2.0 % |
| SoFi Smart Energy ETF | 1.4 % |
| HDFC BANK LIMITED | 1.4 % |
Constituent Breakdown
| Number of holdings | 2040 |
| Herfindahl-Hirschman Index | 3,356 |
| Wgt avg mkt cap (mns) | $37,847 |
| Large cap (>$10bn) | 41.5% |
| Mid cap ($2-10bn) | 23.8% |
| Small cap (<$2bn) | 9.7% |
| Developed mkts. | 6.9% |
| Emerging mkts. | 93.1% |
Country Exposure
 |
CHINA | 22.8 % |
 |
INDIA | 18.6 % |
 |
TAIWAN | 16.4 % |
 |
BRAZIL | 5.6 % |
 |
SAUDI ARABIA | 3.9 % |
 |
HONG KONG | 2.3 % |
 |
MEXICO | 2.1 % |
 |
SOUTH AFRICA | 2.1 % |
 |
THAILAND | 2.0 % |
 |
MALAYSIA | 1.9 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 5.5% | 3.1% | -8.5% | 0.4% | 2.3% | 3.9% | 3.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 40% |
| MSCI EAFE | 0.70 | 60% |
| MSCI Emg Mkts | 0.90 | 96% |
Liquidity Measures
| Avg. volume (000) | 1,510 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $26,214 |
Technical Indicators
| Recent close | $33.53 |
| 30d moving avg. | $34.18 |
| Annualized volatility | 16.4% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 1.7% |
| 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. SPEM |
Expenses vs. SPEM |
ALTAR Score™ vs. SPEM |
|---|---|---|---|---|
| GMF | SPDR S&P Emerging Asia Pacific ETF | 114.8% | +42 bp | -0.8% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 114.0% | +23 bp | +0.3% |
| QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 105.6% | +23 bp | +1.4% |
| VWO | Vanguard FTSE Emerging Markets ETF | 61.7% | +1 bp | +0.0% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 57.9% | +59 bp | -0.5% |
| EEM | iShares MSCI Emerging Markets ETF | 57.9% | +61 bp | -0.3% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 57.6% | +2 bp | 0.0% |
| SCHE | Schwab Emerging Markets Equity ETF | 56.2% | +4 bp | 0.0% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 55.2% | +4 bp | -4.2% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 53.6% | +29 bp | -0.1% |
Risk and Returns: SPEM 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 9/28/2023
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
SPEM
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™
SPEM
8.1%
Cat. Avg
7.8%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.1% |
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 186 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. SPEM's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places SPEM in the 53rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SPEM
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) |
|
|---|---|---|---|
| SPEM | 7.0 | 2.9 | 9.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .