EDIV vs EMDV

EDIVAState Street SPDR S&P Emerging Markets Dividend ETF

EMDVCProShares MSCI Emerging Markets Dividend Growers ETF

In short

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.

EMDV Most emerging-market dividend funds hunt the fattest yields. EMDV goes the other way: it tracks an index built around companies with long, unbroken streaks of dividend increases, and holds roughly 60 of them.

Stated mandate

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.

EMDV The Fund seeks to track the performance of the MSCI Emerging Markets Dividend Masters Index before fees and expenses.

Why people hold it

• 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.

• EMDV Growth-of-payout screen, not a yield ranking: the MSCI Emerging Markets Dividend Masters Index rewards companies that keep raising dividends.
• The 0.60% fee sits right at the peer-group median, so the streak discipline costs no more than the yield-chasing alternatives.
• Plain vanilla plumbing: a 1940 Act index fund, roughly 60 stocks, pays quarterly. No leverage, no derivatives overlay.
• Same index, same mandate since the 2016 launch, from a ProShares dividend-growers lineup built on this streak methodology.

Worth knowing

• 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.

• EMDV A small, thinly traded fund. The bid-ask spread is part of your cost here, and it weighs on our overall read versus bigger rivals.
• Cheaper emerging-market dividend exposure exists in the same peer group: DIEM charges 0.19%.
• Demanding a long increase streak narrows the field to about 60 names, so country and sector mix can look nothing like broad emerging markets.

Full EDIV profile⁠

Full EMDV profile⁠