ECON vs QEMM: Grades, Fees and Holdings Compared

Columbia Research Enhanced Emerging Economies ETF

ECONDNYSE Arca

State Street SPDR MSCI Emerging Markets StrategicFactors ETF

QEMMBNYSE Arca

Overlap

30.6%by weight

Expense ratio

QEMM −0.19pt a year

ECON0.49%QEMM0.30%

Avg volume · 30D

ECON 6.4×the volume

ECON24.7KQEMM3.85K

10Y return · a year

QEMM +3.1pt

ECON+4.3%QEMM+7.4%

ECON vs QEMM Performance

Nov 2, 2021 – Nov 2, 2026

+35.7%ECON+39.0%QEMM

Expense ratio: ECON 0.49%; QEMM 0.30%, better
Fund size: ECON $289M; QEMM $56M
1Y total return: ECON +18.0%, better; QEMM +16.8%
Yield (12M): ECON 1.50%; QEMM 4.65%, better
Holdings: ECON 365; QEMM 836
Avg volume (30D): ECON 24.7K sh, better; QEMM 3.85K sh
NAV per share: ECON $32.72; QEMM $76.87
52W range

ETF.net Grade

Pillar letters and Scores for ECON, QEMM, with each pillar’s weight
Pillar	ECON	QEMM
Cost30% weight	D26	A82Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	C45	B67Higher
Tradability15% weight	D34	D36Higher
Holdings10% weight	B55	B59Higher
Durability5% weight	C51	C52Higher

Rank among Emerging Markets Multifactor funds

How we build Categories ›

Same Category. ECON and QEMM are both graded against the same 20 Emerging Markets Multifactor funds, so their Grades compare head to head.

Emerging Markets Multifactor⁠

Category · 20 funds

See all 20 ›

QEMM ranks 4th and ECON 15th of 20 funds in the Emerging Markets Multifactor Category.

Rank 1AEMGFiShares Emerging Markets Equity Factor ETFScore 75
Rank 2AAVESAvantis Emerging Markets Value ETFScore 71
Rank 3AFDEMFidelity Emerging Markets Multifactor ETFScore 70
Rank 4BQEMMState Street SPDR MSCI Emerging Markets StrategicFactors ETFScore 64
Rank 5BDFEVDimensional Emerging Markets Value ETFScore 63
Rank 14CMFEMPIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETFScore 41
Rank 15DECONColumbia Research Enhanced Emerging Economies ETFScore 37
Rank 15DEMMFWisdomTree Emerging Markets Multifactor FundScore 37

Our read on each fund

ETF.net Research

ECONDColumbia Research Enhanced Emerging Economies ETF

QEMMBState Street SPDR MSCI Emerging Markets StrategicFactors ETF

In short

ECON A 2010-vintage emerging markets ticker with a second act: once a consumer-stocks portfolio, now a broad EM index fund that screens out the names Columbia's quant models rate poorly on quality, value and catalyst.

QEMM Instead of betting on one factor, QEMM buys value, quality and low volatility across emerging markets at once, packing roughly 800 stocks into a single MSCI factor-blend index for 0.30% a year.

Stated mandate

ECON The Fund is an index-based emerging-economies equity ETF seeking to track the performance of the Beta Advantage® Research Enhanced Solactive Emerging Economies Index.

QEMM The fund seeks to track the MSCI Emerging Markets (EM) Factor Mix A-Series Index.

Why people hold it

ECON The index starts from a broad Solactive EM large- and mid-cap universe, then removes securities rated unfavorably on quality, value and catalyst factors.sec.gov columbiathreadneedleus.com
What survives is market-cap weighted with region, country and sector controls, leaving a core-shaped EM portfolio of a couple hundred stocks rather than a concentrated factor bet.columbiathreadneedleus.com
Costs 0.47% net of a waiver through July 31, 2027 (0.49% gross), near the median fee for emerging-markets multifactor funds.

QEMM One ticket, three tilts: the MSCI EM Factor Mix A-Series Index blends value, quality and low volatility, so no single style has to be in favor for the strategy to run as designed.ssga.com
At 0.30% a year it undercuts the typical fee in the multifactor emerging-markets crowd, and the portfolio is built by index rules rather than a manager's hunch.
Running since 2014 with roughly 800 holdings and State Street behind the wrapper: a long-lived option in a corner of the market where niche products often quietly close.
The low-volatility sleeve is the tell. This is emerging-markets exposure assembled to smooth the ride, not to chase the hottest single factor.ssga.com

Worth knowing

ECON The ticker dates to 2010, but the research-enhanced index mandate arrived in 2024. Earlier history belongs to an emerging-markets consumer portfolio.sec.gov
It trades thinly next to the EM heavyweights, which tends to mean wider bid-ask spreads.
Several factor peers in the group list lower fees: FDEM at 0.25%, EMGF at 0.26%, QEMM at 0.30%.

QEMM Trades thinner than the category's household names, so spreads can be wider. That bites most on large or hurried orders.
Splitting the bet three ways dilutes each factor by design, so the portfolio rarely looks or moves like a plain-vanilla emerging-markets index.
Distributions land once or twice a year rather than quarterly, and peers such as EMGF carry a lower fee for multifactor EM exposure.

Full ECON profile⁠

Full QEMM profile⁠

ECON vs QEMM Holdings

How ECON and QEMM differ

Overlap by weight

30.6%

Shared holdings make up 47.9% of ECON and 38.0% of QEMM.

Level by level

Holdings159 in both30.6%
Countryby domicile88.0%
Sector11 Sectors91.3%
Asset classEquity100%

Sector

Sector weights in ECON and QEMM, widest gap first
Sector	More in ECONMore in QEMM	ECON	QEMM
Technology	ECON +5.7 points	41.5%	35.8%
Consumer Staples	QEMM +2.5 points	2.8%	5.3%
Financials	ECON +2.0 points	23.8%	21.8%
Materials	QEMM +1.7 points	5.1%	6.8%
Communication	QEMM +1.5 points	5.2%	6.7%
Energy	QEMM +1.3 points	3.6%	4.9%
Consumer Discretionary	QEMM +0.9 points	5.9%	6.8%
Industrials	ECON +0.8 points	6.0%	5.2%
Utilities	QEMM +0.6 points	1.8%	2.4%
Real Estate	ECON +0.2 points	1.0%	0.8%
Health Care	QEMM +0.2 points	3.3%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in ECON and QEMM, widest gap first
Country	More in ECONMore in QEMM	ECON	QEMM
South Korea	ECON +11.2 points	22.7%	11.5%
India	QEMM +4.0 points	11.2%	15.2%
China	QEMM +1.8 points	22.0%	23.8%
Taiwan	QEMM +1.7 points	28.8%	30.5%
Poland	QEMM +1.0 points	0.0%	1.0%
United States	QEMM +0.8 points	1.0%	1.8%
South Africa	ECON +0.5 points	4.5%	4.0%
Peru	QEMM +0.5 points	0.0%	0.5%
Other countries (10)	QEMM +2.0 points	9.8%	11.8%

Outside the US: ECON 0% developed, 100% emerging. QEMM 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

ECON29.0%
QEMM24.5%

Securities held

ECON355
QEMM813

Asset class

ECON: Equity
QEMM: Equity

Holdings

Only in ECON196
In both159
Only in QEMM654

Only in ECON

196 securities, 51.4% of ECON by weight

Sk Hynix Inc6.67%
Samsung Electronics Co Ltd5.25%
Bharti Airtel Ltd1.25%
Sk Square Co Ltd1.01%
Kweichow Moutai Co Ltd0.99%
Foxconn Industrial Internet Co Ltd0.89%
Samsung Electro-Mechanics Co Ltd0.83%
Larsen & Toubro Ltd0.73%
Mobile Telecommunications Co Kscp0.67%
Kb Financial Group Inc0.67%
Saudi National Bank/The0.61%
Grupo Mexico Sab De Cv0.57%
Infosys Ltd0.53%
Shinhan Financial Group Co Ltd0.52%
Grupo Financiero Banorte Sab De Cv0.51%
Beone Medicines Ltd0.50%
Hana Financial Group Inc0.50%
China Yangtze Power Co Ltd0.50%
Sun Pharmaceutical Industries Ltd0.49%
Firstrand Ltd0.48%
Capitec Limited0.46%
Al Rajhi Bank0.45%
Emirates Telecommunications Group Co Pjsc0.45%
Standard Bank Group Ltd0.43%
National Bank of Greece SA0.40%
Woori Financial Group Inc0.40%
Qatar National Bank Qpsc0.39%
Celltrion Inc0.39%
Delta Electronics Thailand Pcl0.37%
Largan Precision Co Ltd0.37%
Public Bank Bhd0.36%
Hindalco Industries Ltd0.35%
Ptt Pcl0.34%
Maruti Suzuki India Ltd0.33%
Kia Corp0.33%
Tata Steel Ltd0.32%
Naver Corp0.32%
Adani Ports & Special Economic Zone Ltd0.31%
Samsung C&T Corp0.31%
Absa Group Ltd0.31%
Grupo Cibest SA0.31%
Industrial Bank Co Ltd0.31%
Samsung Fire & Marine Insurance Co Ltd0.31%
Gold Fields Ltd0.30%
Hyundai Mobis Co Ltd0.30%
Saudi Arabian Oil Co0.29%
Mol Hungarian Oil & Gas PLC0.29%
Interglobe Aviation Ltd0.28%
Cez As0.28%
Cemex Sab De Cv0.28%

Only in QEMM

654 securities, 61.8% of QEMM by weight

Russian Ruble5.24%
Samsung Electronics Co Ltd1.45%
Saudi Arabian Oil Co1.20%
Anglogold Ashanti PLC1.01%
Tata Consultancy Svcs Ltd1.01%
Sk Hynix Inc0.89%
Aspeed Technology Inc0.89%
Samsung Electronics Pref0.74%
Tencent Holdings Ltd0.68%
Gold Fields Ltd0.67%
Grupo Mexico Sab De Cv Ser B0.56%
Infosys Ltd Sp Adr0.54%
Samsung Sdi Co Ltd0.53%
Alibaba Group Holding Ltd0.52%
Chunghwa Telecom Co Ltd0.51%
Infosys Ltd0.50%
Hcl Technologies Ltd0.50%
Advanced Info Service Foreig0.49%
Taiwan Cooperative Financial0.44%
Saudi Telecom Co0.43%
Capitec Limited0.43%
Samsung Biologics Co Ltd0.43%
National Bank of Kuwait0.42%
Bharti Airtel Ltd0.42%
Delta Electronics Thai Forgn0.42%
Taiwan Mobile Co Ltd0.39%
Kweichow Moutai Co Ltd A0.38%
Hdfc Bank Limited0.37%
Credicorp Ltd0.35%
Hindustan Unilever Ltd0.35%
Samsung Sds Co Ltd0.35%
Malayan Banking Bhd0.33%
Southern Copper Corp0.32%
Emirates Telecom Group Co0.31%
Kuwait Finance House0.30%
Torrent Pharmaceuticals Ltd0.30%
Far Eastone Telecomm Co Ltd0.30%
Al Rajhi Bank0.28%
Xiaomi Corp Class B0.28%
Aselsan Elektronik Sanayi0.28%
Nestle India Ltd0.28%
Kt+g Corp0.28%
China Yangtze Power Co Ltd A0.28%
Elm Co0.28%
Petroleo Brasil Sp Pref Adr0.27%
Samsung Electro Mechanics Co0.27%
Eicher Motors Ltd0.26%
Weg SA0.26%
Dubai Islamic Bank0.26%
Qatar National Bank0.26%

Weight gaps

The 100 widest of 159 Holdings in both funds.

Holding weights in ECON and QEMM, widest gap first
Holding	More in ECONMore in QEMM	ECON	QEMM
Taiwan Semiconductor Manufacturing Co Ltd	QEMM +1.85 points	5.01%	6.86%
Hon Hai Precision Industry Co Ltd	ECON +1.23 points	1.69%	0.46%
Ase Technology Holding Co Ltd	ECON +1.10 points	1.42%	0.32%
Ctbc Financial Holding Co Ltd	ECON +0.73 points	0.88%	0.15%
Petroleo Brasileiro SA - Petrobras	ECON +0.68 points	0.72%	0.04%
Itau Unibanco Holding SA	ECON +0.65 points	0.70%	0.05%
Vale SA	ECON +0.65 points	0.65%	<0.01%
Kgi Financial Holding Co Ltd	ECON +0.63 points	0.69%	0.06%
Yuanta Financial Holding Co Ltd	ECON +0.61 points	0.70%	0.09%
China Construction Bank Corp	ECON +0.52 points	2.08%	1.56%
Sinopac Financial Holdings Co Ltd	ECON +0.48 points	0.54%	0.06%
Ping An Insurance Group Co of China Ltd	ECON +0.46 points	0.70%	0.24%
Trip.com Group Ltd	ECON +0.40 points	0.46%	0.06%
Pdd Holdings IncPDD	ECON +0.38 points	1.16%	0.78%
Asustek Computer Inc	ECON +0.36 points	0.41%	0.05%
Advantech Co Ltd	QEMM +0.34 points	0.05%	0.39%
Novatek Microelectronics Corp	QEMM +0.35 points	0.09%	0.44%
Wuxi Biologics Cayman Inc	ECON +0.34 points	0.37%	0.03%
Lite-On Technology Corp	ECON +0.33 points	0.36%	0.03%
Bank of China Ltd	QEMM +0.30 points	0.81%	1.11%
China Citic Bank Corp Ltd	QEMM +0.29 points	0.10%	0.39%
Accton Technology Corp	QEMM +0.27 points	0.46%	0.73%
Chroma Ate Inc	QEMM +0.27 points	0.34%	0.61%
E.sun Financial Holding Co Ltd	ECON +0.26 points	0.53%	0.27%
Elite Material Co Ltd	QEMM +0.26 points	0.78%	1.04%
China Life Insurance Co Ltd	ECON +0.25 points	0.38%	0.13%
Wiwynn Corp	QEMM +0.25 points	0.34%	0.59%
Delta Electronics Inc	QEMM +0.24 points	1.43%	1.67%
United Microelectronics Corp	ECON +0.24 points	0.76%	0.52%
Mega Financial Holding Co Ltd	QEMM +0.23 points	0.03%	0.26%
Yageo Corp	ECON +0.22 points	0.35%	0.13%
China Merchants Bank Co Ltd	ECON +0.21 points	0.42%	0.21%
Ambev SA	ECON +0.21 points	0.25%	0.04%
Cathay Financial Holding Co Ltd	ECON +0.21 points	0.34%	0.13%
Bank of Communications Co Ltd	QEMM +0.20 points	0.05%	0.25%
Petrochina Co Ltd	ECON +0.20 points	0.55%	0.35%
Banco Bradesco SA	ECON +0.20 points	0.29%	0.09%
Evergreen Marine Corp Taiwan Ltd	ECON +0.20 points	0.26%	0.06%
B3 SA - Brasil Bolsa Balcao	ECON +0.20 points	0.24%	0.04%
Fubon Financial Holding Co Ltd	ECON +0.19 points	0.35%	0.16%
Bank Central Asia Tbk Pt	QEMM +0.18 points	0.11%	0.29%
Hotai Motor Co Ltd	ECON +0.17 points	0.20%	0.03%
Bank Rakyat Indonesia Persero Tbk Pt	ECON +0.17 points	0.22%	0.05%
Uni-President Enterprises Corp	ECON +0.17 points	0.32%	0.15%
Embraer SA	ECON +0.16 points	0.20%	0.04%
First Abu Dhabi Bank PjscFAB	ECON +0.17 points	0.36%	0.19%
Ke Holdings Inc	ECON +0.17 points	0.18%	0.01%
Agricultural Bank of China Ltd	QEMM +0.16 points	0.42%	0.58%
Postal Savings Bank of China Co Ltd	QEMM +0.17 points	0.03%	0.20%
China Resources Land Ltd	ECON +0.15 points	0.23%	0.08%
Ts Financial Holding Co Ltd	ECON +0.14 points	0.25%	0.11%
Emaar Properties Pjsc	ECON +0.14 points	0.25%	0.11%
Quanta Computer Inc	QEMM +0.14 points	0.34%	0.48%
Zto Express Cayman Inc	ECON +0.13 points	0.17%	0.04%
Hua Nan Financial Holdings Co Ltd	ECON +0.13 points	0.41%	0.28%
New Oriental Education & Technology Group Inc	ECON +0.13 points	0.14%	<0.01%
Citic Ltd	ECON +0.13 points	0.19%	0.06%
Haier Smart Home Co Ltd	ECON +0.12 points	0.15%	0.03%
Zhen Ding Technology Holding Ltd	ECON +0.12 points	0.15%	0.03%
Bank Mandiri Persero Tbk Pt	ECON +0.12 points	0.17%	0.05%
China Petroleum & Chemical Corp	QEMM +0.12 points	0.22%	0.34%
Netease Inc	ECON +0.12 points	0.78%	0.66%
China Pacific Insurance Group Co Ltd	ECON +0.11 points	0.16%	0.05%
King Slide Works Co Ltd	QEMM +0.12 points	0.40%	0.52%
China Overseas Land & Investment Ltd	ECON +0.12 points	0.17%	0.05%
Astra International Tbk Pt	ECON +0.11 points	0.14%	0.03%
Suzano SA	ECON +0.11 points	0.14%	0.03%
China Resources Beer Holdings Co Ltd	ECON +0.10 points	0.12%	0.02%
Nongfu Spring Co Ltd	QEMM +0.10 points	0.20%	0.30%
Li Ning Co Ltd	ECON +0.10 points	0.11%	0.01%
Midea Group Co Ltd	ECON +0.10 points	0.18%	0.08%
Global Unichip Corp	QEMM +0.10 points	0.30%	0.40%
Kanzhun LtdBZ	ECON +0.10 points	0.11%	0.01%
China Hongqiao Group Ltd	ECON +0.09 points	0.13%	0.04%
Lenovo Group Ltd	QEMM +0.09 points	0.34%	0.43%
Telkom Indonesia Persero Tbk Pt	ECON +0.08 points	0.11%	0.03%
China Shenhua Energy Co Ltd	ECON +0.09 points	0.35%	0.26%
Jd Health International Inc	ECON +0.08 points	0.09%	<0.01%
Hon Precision Inc	QEMM +0.08 points	0.19%	0.27%
Zhongji Innolight Co Ltd	ECON +0.07 points	0.26%	0.19%
Tencent Music Entertainment GroupTME	ECON +0.08 points	0.09%	0.01%
Citic Securities Co Ltd	ECON +0.07 points	0.09%	0.02%
Jbs NVJBS	QEMM +0.08 points	0.01%	0.09%
Latam Airlines Group SA	ECON +0.07 points	0.13%	0.06%
Shenzhou International Group Holdings Ltd	ECON +0.08 points	0.09%	0.01%
Weichai Power Co Ltd	ECON +0.07 points	0.10%	0.03%
King Yuan Electronics Co Ltd	ECON +0.08 points	0.12%	0.04%
Industrial & Commercial Bank of China Ltd	QEMM +0.07 points	1.12%	1.19%
Tingyi Cayman Islands Holding Corp	QEMM +0.07 points	0.07%	0.14%
Huaneng Power International Inc	QEMM +0.07 points	0.07%	0.14%
Picc Property & Casualty Co Ltd	ECON +0.06 points	0.25%	0.19%
Enn Energy Holdings Ltd	ECON +0.07 points	0.09%	0.02%
Sungrow Power Supply Co Ltd	ECON +0.06 points	0.08%	0.02%
Falabella SA	QEMM +0.06 points	0.11%	0.17%
Guangdong Investment Ltd	ECON +0.06 points	0.08%	0.02%
Asia Vital Components Co Ltd	QEMM +0.06 points	0.59%	0.65%
Jentech Precision Industrial Co Ltd	ECON +0.06 points	0.39%	0.33%
New China Life Insurance Co Ltd	ECON +0.06 points	0.09%	0.03%
Mediatek Inc	QEMM +0.05 points	3.09%	3.14%
Wuxi Apptec Co Ltd	ECON +0.05 points	0.19%	0.14%

All 211 ECON holdings⁠All 789 QEMM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ECON vs QEMM Cost

Overpaying ECON vs QEMM

$3,643

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

ECON 0.49%
$9,792
QEMM 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

ECON 0.49%
QEMM 0.30%
Overpaying

Year by year

Year	ECON	QEMM	Overpaying
10	$883	$545	$338
20	$3,394	$2,113	$1,281
30	$9,792	$6,149	$3,643

Expense ratio

0.49%ECON
0.30%QEMM, cheaper

QEMM0.30%ECON0.49%

0.18%0.80%

Middle half of Emerging Markets Multifactor funds
Median 0.44%

QEMM 4th cheapest of 20 funds

ECON 14th cheapest of 20 funds

ECON vs QEMM Dividends

Last 12 months to Nov 2, 2026

Yield (12M): ECON 1.50%; QEMM 4.65%, better
Payout (12M): ECON $0.48; QEMM $3.52
Last payment: ECON $0.48; QEMM $1.05
Ex-dividend: ECON Dec 18, 2025; QEMM Jun 1, 2026
Paid on: ECON Dec 26, 2025; QEMM Jun 5, 2026
Frequency: ECON Annual; QEMM Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ECONAnnual · 9 paymentsAll ECON payments⁠

QEMMTwice a year · 19 paymentsAll QEMM payments⁠

ECON vs QEMM Risk

Fall from peak · 5 years

ECON
QEMM

Risk facts

VolatilityStd dev, 3 years: ECON 17.5%QEMM 13.3%, better
Return per unit of riskSharpe ratio, 3 years: ECON 0.87QEMM 1.00, better
Worst fallMax drawdown, 5 years: ECON −33.8%QEMM −27.1%, better
Market sensitivityBeta, 5 years: ECON 1.12QEMM 0.95; Market = 1

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