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.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
529.1 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | SSGA Funds Management Inc |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 23, 2011 |
| Assets (mns) | $529 |
| 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 +
| CIA ENERGETICA MINAS GER-PRF | 3.2 % |
| PT TELEKOMUNIKASI INDONESIA, TBK CLASS B | 2.8 % |
| BANCO BRADESCO-ADR | 2.7 % |
| SAUDI TELECOM CO. | 2.7 % |
| ADVANCED INFO SERVICE PUBLIC CO., LTD. N | 2.6 % |
| SINO-AMERICAN SILICON PRODUC | 2.4 % |
| SINOPHARM GROUP CO-H | 2.3 % |
| AGRICULTURAL BANK OF CHINA-H | 2.2 % |
| CHUNGHWA TELECOM CO., LTD | 2.2 % |
| TAIWAN MOBILE CO. LTD. | 2.1 % |
Constituent Breakdown
| Number of holdings | 104 |
| Herfindahl-Hirschman Index | 160 |
| Wgt avg mkt cap (mns) | $27,486 |
| Large cap (>$10bn) | 50.4% |
| Mid cap ($2-10bn) | 36.2% |
| Small cap (<$2bn) | 12.2% |
| Developed mkts. | 7.6% |
| Emerging mkts. | 92.5% |
Country Exposure
 |
TAIWAN | 19.0 % |
 |
CHINA | 18.5 % |
 |
THAILAND | 12.2 % |
 |
MALAYSIA | 8.9 % |
 |
SAUDI ARABIA | 6.8 % |
 |
BRAZIL | 5.8 % |
 |
UAE | 5.4 % |
 |
HONG KONG | 4.5 % |
 |
MEXICO | 3.8 % |
 |
INDONESIA | 3.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.5% | 18.2% | 27.6% | 13.1% | 8.2% | 4.3% | 1.3% | Volatility | 12.3% | 12.5% | 13.8% | 14.5% | 19.0% | 18.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.54 | 38% |
| MSCI EAFE | 0.66 | 57% |
| MSCI Emg Mkts | 0.80 | 83% |
Liquidity Measures
| Avg. volume (000) | 83 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.27% |
| ADV of underlying (mns) | $1,246 |
Technical Indicators
| Recent close | $34.81 |
| 30d moving avg. | $35.68 |
| Annualized volatility | 15.3% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
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. EDIV |
Expenses vs. EDIV |
ALTAR Score™ vs. EDIV |
|---|---|---|---|---|
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | 20.8% | -20 bp | -3.1% |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | 20.2% | -24 bp | -5.4% |
| QLVE | FlexShares Emerging Markets Quality Low Volatility Index Fun | 18.5% | -9 bp | -3.8% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 14.2% | -5 bp | +3.7% |
| DVYE | iShares Emerging Markets Dividend ETF | 13.8% | 0 bp | +8.0% |
| DEM | WisdomTree Emerging Markets High Dividend Fund | 13.4% | +14 bp | +7.2% |
| JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 12.3% | -5 bp | -1.5% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 12.2% | -10 bp | +1.0% |
| QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 12.2% | -19 bp | -3.7% |
| EVLU | iShares MSCI Emerging Markets Value Factor ETF | 12.1% | -14 bp | +0.6% |
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.
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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 12/18/2024
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
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.
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ETF Research Center Rating
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.
ALTAR Score™
EDIV
12.1%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 164 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. EDIV's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places EDIV in the 85th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EDIVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| EDIV (49 bp) Percentile rank | 46 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EDIV | 49.0 | 27.0 | 76 |
| Peer Avg. | 53.4 | 25.5 | 78.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .