DIEM vs EDIV

DIEMBFranklin Emerging Market Core Dividend Tilt Index ETF

EDIVAState Street SPDR S&P Emerging Markets Dividend ETF

In short

DIEM Most emerging-market dividend funds hunt the fattest yields. DIEM starts from a broad EM benchmark and leans toward payers instead, keeping the market's shape intact, for a fraction of what its dividend-focused rivals charge.

EDIV Running since 2011, EDIV screens emerging-market dividend payers on risk-adjusted yield, dividend-growth stability and profitability, then applies diversification limits. Quality of the dividend over raw yield, for 0.49% a year.

Stated mandate

DIEM The Fund seeks to track, before fees and expenses, the Morningstar Emerging Markets Dividend Enhanced Select Index.

EDIV The fund seeks to track the total return of the S&P Emerging Markets Dividend Opportunities Index, which selects emerging-market stocks using risk-adjusted yield, dividend-growth stability, profitability, and diversification requirements.

Why people hold it

• DIEM At 0.19% a year it's the cheapest fund in its emerging-market dividend cohort, roughly a third of the group's median fee.
• Tilt, not lurch: the index takes a broad emerging-market parent benchmark and optimizes for higher dividend yield while limiting expected tracking error back to it.yahoo.comfranklintempleton.com
• Roughly 200 holdings spread across emerging markets, with income paid quarterly.

• EDIV The index does real work: names qualify on risk-adjusted yield, dividend-growth stability and profitability, with diversification requirements, so one wobbly high-yielder cannot run the portfolio.ssga.com
• At 0.49% a year, the fee sits below the median for emerging-market dividend screens, and the fund tracks its index closely enough to rank among the stronger implementations in that group.
• A veteran, not an experiment: trading since 2011, a multi-billion-dollar fund from SPDR that distributes quarterly.

Worth knowing

• DIEM Thinly traded next to the category's household names, so spreads can run wider and larger orders need more care.
• It launched in 2016 under a different name and mandate; the dividend-tilt index arrived in 2022, so the earliest track record reflects a different strategy.cbonds.com
• The income lean is bounded by design. Staying close to the parent index means less yield punch than funds that screen only for the highest payers.yahoo.com

• EDIV Plainer routes cost less. Franklin's DIEM runs a dividend-tilt index at 0.19%, so the extra fee here buys the selection screen, not broader coverage.
• About 110 stocks, not the whole emerging market. Single-country politics and currency moves land harder than in a broad, thousand-name EM index fund.
• Trading is moderate rather than heavy, so spreads can widen in fast markets. Emerging-market dividends are seasonal, so quarterly payments vary in size.

Full DIEM profile⁠

Full EDIV profile⁠