Skip to content
etf.net

Launched · SEC filings

State Street SPDR Portfolio Emerging Markets ETF

SPEMNYSE ArcaSPDRB

$48.64+0.17 (+0.35%)

At close: Nov 2, 2026, 4:00 PM ET

B69/ 100

Rank 3 of 5 in Emerging Markets Total Market

B69/100Rank 3 of 5inEmerging Markets Total Market
Intraday session: up, 79 prints from 48.47 to 48.64. Range 48.63 to 49.25. Use the arrow keys to read each point.48.8049.0049.2010 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$16.4B
1Y total return
+4.6%
Yield · Last 12 months
2.68%
Holdings
2699
Avg volume · 30D
1.73M sh
52W range
low $45.28high $53.54
Launched
Filings
SEC EDGAR

The ETF.net SPEM Grade

B

Score 69 out of 100

Category
Emerging Markets Total Market⁠
Rank
3 of 5
Six-pillar profile for SPEM. Scores out of 100: Cost 57, Risk 48, Mission 100, Tradability 58, Holdings 79, Durability 69. Strongest: Mission (100). Weakest: Risk (48). Leans toward Mission.

Score 69 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.
    B57 out of 100
    Rank 3 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 5

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C48 out of 100
    Rank 3 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 3 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A79 out of 100
    Rank 1 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B69 out of 100
    Rank 2 of 5

Our read on SPEM

ETF.net Research

In short

BEmerging markets, whole hog: roughly 3,000 large, mid and small caps from the S&P Emerging BMI at 0.07% a year. State Street's cheap-beta workhorse in the developing world, running since 2007.

Stated mandate

The fund seeks investment results that generally correspond, before fees and expenses, to the total return of the S&P Emerging BMI Index. It provides broad exposure to emerging-market equities across large-, mid-, and small-cap companies.

Why people hold it

  • 0.07% a year against a 0.19% median for broad emerging-market funds. VWO and SCHE trim to 0.06%, and below that the fee stops being the deciding factor.
  • The S&P Emerging BMI is a total-market index: about 3,000 names across large, mid and small caps, not just the mega-cap headliners most EM funds stop at.
  • Plain index replication that has tracked its benchmark about as tightly as anything in this peer group.
  • A multi-billion-dollar fund that trades actively, part of State Street's low-cost SPDR Portfolio lineup.

Worth knowing

  • Emerging-market stocks bring currency swings and deeper drawdowns; on risk this sits at the rough end of its peer group.
  • Distributions arrive annually or semiannually, not monthly.
  • Small caps cut both ways: the index reaches into smaller, less-covered companies that large-cap-only EM funds leave out.

SPEM Holdings

Holdings pillarA79 out of 100Rank 1 of 5 in Emerging Markets Total Market
Asset class
Stocks
Holdings
2,699
Top-10 weight
26%
Largest holding
2330.TW14.6%

Sectors

  • Technology32.0%
  • Financials20.8%
  • Consumer Discretionary9.2%
  • Materials7.8%
  • Industrials7.2%
  • Communication6.3%
  • Health Care4.4%
  • Energy4.1%
  • Consumer Staples3.7%
  • Utilities2.7%
  • Real Estate1.8%

Geography

  • Taiwan35.28%
  • China26.67%
  • India17.20%
  • Brazil4.44%
  • South Africa3.32%
  • Mexico2.37%
  • Malaysia1.74%
  • Thailand1.73%
  • Other countries (13)7.26%

Developed 1% · Emerging 99% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 180.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
12330.TWTaiwan Semiconductor Manufac14.63%32,472,912$2.41B176
20700.HKTencent Holdings Ltd2.43%8,317,994$400M152
39988.HKAlibaba Group Holding Ltd1.95%26,228,800$321M124
42454.TWMediatek Inc1.66%2,201,969$273M169
50939.HKChina Construction Bank H1.05%134,377,351$173M113
62317.TWHon Hai Precision Industry0.89%19,226,067$146M122
72308.TWDelta Electronics Inc0.79%2,875,463$131M156
8IBNIcici Bank Ltd Spon Adr0.74%4,175,976$122M52
9HDFCBHdfc Bank Limited0.74%16,891,359$121M8
10RIGDReliance Inds Spons Gdr 144A0.73%2,469,973$121M6
113711.TWAse Technology Holding Co Lt0.73%5,720,787$120M116
121398.HKInd & Comm Bk of China H0.62%103,286,656$102M102
132891.TWCtbc Financial Holding Co Lt0.60%42,510,708$98.2M111
14BHARTIBharti Airtel Ltd0.59%4,654,848$96.4M9
153988.HKBank of China Ltd H0.53%111,421,074$87.1M102

Showing 1–15 of 2699 holdings

SPEM Performance

Launched Mar 20, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SPEM$10,459
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SPEM $10,459. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for SPEM. Periods over one year show the average yearly return.
PeriodSPEM
Year to date+4.6%
1 month−6.4%
3 months−4.8%
1 year+4.6%
3 yearsper year+17.5%
5 yearsper year+5.5%
10 yearsper year+7.5%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SPEM
YearReturn barSPEM
2026 YTD+4.6%
2025+25.6%
2024+11.4%
2023+10.5%
2022−17.9%
2021+1.5%
2020+14.6%

SPEM in the news

SPEM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.68%Last 12 months
Payout per share
$1.30Last 12 months
Last payment
$0.53 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.15; Dec 15, 2017 $0.27; Jun 18, 2018 $0.32; Dec 24, 2018 $0.43; Jun 24, 2019 $0.38; Dec 23, 2019 $0.72; Jun 22, 2020 $0.30; Dec 21, 2020 $0.51; Jun 21, 2021 $0.35; Dec 20, 2021 $0.95; Jun 21, 2022 $0.46; Dec 20, 2022 $0.65; Jun 20, 2023 $0.45; Dec 18, 2023 $0.55; Jun 24, 2024 $0.45; Dec 23, 2024 $0.62; Jun 23, 2025 $0.53; Dec 22, 2025 $0.77; Jun 22, 2026 $0.53. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 22, 2026Jun 26, 2026$0.53
Dec 22, 2025Dec 29, 2025$0.77
Jun 23, 2025Jun 27, 2025$0.53
Dec 23, 2024Dec 30, 2024$0.62
Jun 24, 2024Jun 28, 2024$0.45
Dec 18, 2023Dec 27, 2023$0.55
Jun 20, 2023Jun 27, 2023$0.45
Dec 20, 2022Dec 29, 2022$0.65
Jun 21, 2022Jun 28, 2022$0.46
Dec 20, 2021Dec 28, 2021$0.95
Jun 21, 2021Jun 28, 2021$0.35
Dec 21, 2020Dec 29, 2020$0.51

See all 37 payments⁠

$10,000 in SPEM 10 years ago paid $3,290 in dividends.⁠

SPEM Risk

Risk pillarC48 out of 100Rank 3 of 5 in Emerging Markets Total Market
How much the fund’s monthly returns vary, scaled to a year.
12.1%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.03
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−29.2%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.86
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SPEM Cost

Compare SPEM and VWO

Overpaying vs VWO, tied cheapest in Emerging Markets Total Market

$210

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SPEM 0.07%

    $1,480

  • VWO 0.06% Tied cheapest

    $1,270

$10,000
30 years

Cost over time

  • SPEM 0.07%
  • VWO 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K051015202530SPEM $1,480VWO $1,270

Year by year

YearSPEMVWOOverpaying
10$128$110$18
20$503$432$71
30$1,480$1,270$210

Other funds in Emerging Markets Total Market

See others