State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
$51.92−0.40 (−0.76%)
- 0.30%
- $186M
- +31.4%
- 1.83%
- 0M sh
- $53.13
- low $40.83high $56.38
The ETF.net EEMX Grade
B
Score 64 out of 100
- 6 of 12
Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C54 out of 100Rank 6 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 10Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 5 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 8 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B55 out of 100Rank 7 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A74 out of 100Rank 2 of 12
Our read on EEMX
BOne rule, cleanly applied: MSCI's emerging markets benchmark minus every company that owns oil, gas or coal reserves. State Street planted this flag in EM first, back in 2016, and left the other thousand-odd names alone.
The fund seeks to track the MSCI Emerging Markets ex Fossil Fuels Index before fees and expenses. Its strategy provides emerging-markets equity exposure while excluding companies that own fossil-fuel reserves.
Why people hold it
- One legible screen, not a scoring system: owners of fossil fuel reserves are out, everything else stays. You can explain the portfolio in a sentence.ssga.com
- At 0.30% it undercuts the median fee in its values-screened EM peer group, and the screen is applied literally: the name is the methodology.
- About a thousand emerging-markets holdings, so pulling out the reserve owners still leaves a broad index rather than a narrow bet.
- State Street bills it as the first emerging markets fossil fuel reserves free ETF, running since 2016, so the record spans several full EM cycles.ssga.com
Worth knowing
- Reserve ownership is the only line drawn. Refiners, coal-burning utilities and other heavy emitters that hold no reserves can still be in the portfolio.ssga.com
- It trades thinly next to the giant EM index funds, so the bid-ask spread is a real part of the cost of getting in and out.
- Cheaper screened EM options sit in the same group, including LDEM at 0.16% and ESGE at 0.25%.
EEMX Holdings
- Stocks
- 1,078
- 40%
- 2330.TW
Sectors
- Technology46.1%
- Financials20.1%
- Consumer Discretionary7.9%
- Communication6.1%
- Industrials6.0%
- Materials5.6%
- Health Care3.0%
- Consumer Staples2.5%
- Utilities1.2%
- Real Estate1.0%
- Energy0.5%
Geography
- Taiwan31.13%
- South Korea21.77%
- China17.23%
- India9.61%
- Brazil3.86%
- South Africa2.41%
- Saudi Arabia2.06%
- Mexico1.58%
- 10.36%
Developed 2% · Emerging 98%
EEMX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
EEMX$13,140
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EEMX |
|---|---|
| Year to date | +22.8% |
| 1 month | −2.5% |
| 3 months | −1.2% |
| 1 year | +31.4% |
| 3 years | +24.2% |
| 5 years | +9.3% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EEMX |
|---|---|---|
| 2026 YTD | +22.8% | |
| 2025 | +35.2% | |
| 2024 | +7.3% | |
| 2023 | +9.8% | |
| 2022 | −19.8% | |
| 2021 | −3.6% | |
| 2020 | +19.6% |
EEMX in the news
EEMX Dividends
- 1.83%
- $0.96
- $0.12 per share
- Twice a year
Distribution history
EEMX Risk
- 15.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.21
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −33.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EEMX Cost
0.30%
EEMX0.30%
- The middle half of Emerging Markets ESG & Values Index funds
- Median 0.33%
5 of the 12 Emerging Markets ESG & Values Index funds charge less.
Other funds in Emerging Markets ESG & Values Index
- ALDEMiShares ESG MSCI EM Leaders ETFExpense ratio 0.16%1 year return +8.9%
- AEMCRXtrackers Emerging Markets Carbon Reduction and Climate Improvers ETFExpense ratio 0.15%1 year return +23.8%
- BNUEMNuveen ESG Emerging Markets Equity ETFExpense ratio 0.36%1 year return +24.8%
- BDFSEDimensional Emerging Markets Sustainability Core 1 ETFExpense ratio 0.44%1 year return +22.6%
- CFRDMFreedom 100 Emerging Markets ETFExpense ratio 0.49%1 year return +58.5%