EEMX vs EMCR

EEMXBState Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF

EMCRAXtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF

In short

EEMX One 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.

EMCR A carbon-tilted way to own emerging markets wholesale: roughly 1,400 stocks screened for climate commitments, at 0.15% a year when the typical EM fund in its group charges more than triple that.

Stated mandate

EEMX 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.

EMCR The fund seeks to track the performance of the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index NTR before fees and expenses.

Why people hold it

• EEMX 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

• EMCR Charges 0.15% a year against a 0.49% median for its emerging-market peer group, one of the cheapest tickets in the category.
• Roughly 1,400 names spread across emerging markets, so no single stock or country call carries the portfolio.
• The mandate is explicit: passive tracking of the Solactive ISS EM Carbon Reduction & Climate Improvers index, with the climate and ESG rules written into the prospectus.
• Undercuts the cohort's better-known tilts on fee: FNDE at 0.39% and XSOE at 0.32%, with EMCR priced under both.

Worth knowing

• EEMX 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%.

• EMCR Thinly traded next to the category's giants, so bid-ask spreads can run wider than the headline fee suggests.
• The screen reweights the book away from a plain EM index, so its sector and country mix departs from the standard benchmark.
• Pays on an annual or semiannual schedule, not monthly.

Full EEMX profile⁠

Full EMCR profile⁠