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
77.6 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) | $78 |
| 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 | 10.9 % |
| TENCENT HOLDINGS LTD | 4.6 % |
| SAMSUNG ELECTRONICS CO LTD | 2.5 % |
| ALIBABA GROUP HOLDING LTD. | 2.3 % |
| HDFC BANK LIMITED | 1.7 % |
| MEITUAN DIANPING | 1.4 % |
| ICICI BANK LTD | 1.1 % |
| CHINA CONSTRUCTION BANK-H | 1.1 % |
| INFOSYS TECHNOLOGIES LTD | 1.0 % |
| HON HAI PRECISION INDUSTRY | 1.0 % |
Constituent Breakdown
| Number of holdings | 836 |
| Herfindahl-Hirschman Index | 173 |
| Wgt avg mkt cap (mns) | $159,051 |
| Large cap (>$10bn) | 82.1% |
| Mid cap ($2-10bn) | 17.1% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 6.2% |
| Emerging mkts. | 93.8% |
Country Exposure
 |
CHINA | 23.1 % |
 |
TAIWAN | 20.7 % |
 |
INDIA | 17.9 % |
 |
SOUTH KOREA | 9.8 % |
 |
SAUDI ARABIA | 3.8 % |
 |
BRAZIL | 3.2 % |
 |
SOUTH AFRICA | 2.4 % |
 |
MEXICO | 1.7 % |
 |
MALAYSIA | 1.6 % |
 |
HONG KONG | 1.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.7% | 9.7% | -24.9% | -22.0% | -10.4% | -- | -4.4% | Volatility | 16.2% | 16.2% | 16.9% | 18.8% | 21.8% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.35 | 4% |
| MSCI EAFE | 0.34 | 4% |
| MSCI Emg Mkts | 0.54 | 9% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.33% |
| ADV of underlying (mns) | $32,214 |
Technical Indicators
| Recent close | $32.34 |
| 30d moving avg. | $33.59 |
| Annualized volatility | 31.7% |
| Relative strength (RSI) | 50 |
| 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)
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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 | 86.4% | +39 bp | -0.5% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 79.0% | +36 bp | +2.6% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 77.2% | +19 bp | -0.9% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 77.0% | +40 bp | -1.3% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 75.6% | -15 bp | -0.2% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 74.6% | -19 bp | +1.0% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 74.0% | -21 bp | +0.1% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 73.9% | +6 bp | +0.4% |
| SCHE | Schwab Emerging Markets Equity ETF | 73.4% | -19 bp | -0.2% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 71.6% | -15 bp | +2.9% |
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 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
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 Rating
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.
ALTAR Score™
EEMX
7.5%
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%. EEMX's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places EEMX in the 46th 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
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 | 18 |
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. | 53.4 | 25.5 | 78.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .