EEM vs SPY
Comparison between ISHARES MSCI EMERGING MARKETS ETF (EEM, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed EEM, delivering a return of +13.3% compared to +7.3%
EEM vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EEM
$30B
Winner
SPY
$781B
Expense Ratio
EEM
0.72%
Winner
SPY
0.09%
Max Drawdown
EEM
67.23%
Winner
SPY
56.47%
Sharpe Ratio
EEM
1.23
Winner
SPY
1.42
5Y Beta
Winner
EEM
0.88
SPY
1.00
P/E Ratio
EEM
N/A
SPY
26.48
Forward P/E
EEM
N/A
SPY
20.90
PEG Ratio
EEM
N/A
SPY
0.30
5Y Dividends CAGR
Winner
EEM
9.60%
SPY
6.00%
5Y EPS CAGR
EEM
N/A
SPY
26.40%
Debt to Equity
EEM
N/A
SPY
48.17%
P/S Ratio
EEM
N/A
SPY
3.72
P/B Ratio
EEM
N/A
SPY
5.55
EEM vs SPY - Holdings Comparison
EEM and SPY have 1 common holdings. Overlap is -0.40%
EEM's top 25 holdings weight is 45.63%. SPY's top 25 holdings weight is 51.49%.
| Rank | EEM | SPY |
|---|---|---|
| #1 | n/a (n/a) - 15.74% | NVIDIA CORP (NVDA) - 7.76% |
| #2 | SAMSUNG ELECTRONICS CO LTD (n/a) - 6.67% | APPLE INC (AAPL) - 7.44% |
| #3 | SK HYNIX INC (n/a) - 5.71% | MICROSOFT CORP (MSFT) - 4.56% |
| #4 | TENCENT HOLDINGS LTD (n/a) - 3.03% | AMAZON.COM INC (AMZN) - 3.74% |
| #5 | n/a (n/a) - 1.99% | ALPHABET INC CLASS A (GOOGL) - 3.14% |
| #6 | MEDIATEK INC (n/a) - 1.45% | BROADCOM INC (AVGO) - 2.83% |
| #7 | DELTA ELECTRONICS INC (n/a) - 0.96% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #8 | HDFC BANK LTD (n/a) - 0.81% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #9 | n/a (n/a) - 0.80% | MICRON TECHNOLOGY INC (MU) - 1.69% |
| #10 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.76% | TESLA INC (TSLA) - 1.65% |
| #11 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.75% | ELI LILLY AND CO (LLY) - 1.44% |
| #12 | RELIANCE INDUSTRIES LTD (n/a) - 0.70% | JPMORGAN CHASE & CO (JPM) - 1.43% |
| #13 | ICICI BANK LTD (n/a) - 0.66% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% |
| #14 | SK SQUARE (n/a) - 0.60% | ADVANCED MICRO DEVICES INC (AMD) - 1.37% |
| #15 | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 0.58% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.97% |
| #16 | n/a (n/a) - 0.52% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #17 | XIAOMI CORP CLASS B (n/a) - 0.48% | VISA INC CLASS A (V) - 0.91% |
| #18 | BHARTI AIRTEL LTD (n/a) - 0.46% | INTEL CORP (INTC) - 0.77% |
| #19 | UNITED MICROELECTRONICS CORP (n/a) - 0.46% | WALMART INC (WMT) - 0.75% |
| #20 | AL RAJHI BANK (n/a) - 0.43% | ABBVIE INC (ABBV) - 0.70% |
| #21 | MEITUAN CLASS B (n/a) - 0.42% | APPLIED MATERIALS INC (AMAT) - 0.69% |
| #22 | VALE SA (n/a) - 0.42% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #23 | NU HOLDINGS LTD ORDINARY SHARES CLASS A (NU) - 0.42% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #24 | n/a (n/a) - 0.41% | COSTCO WHOLESALE CORP (COST) - 0.64% |
| #25 | PDD HOLDINGS INC ADR (PDD) - 0.40% | CATERPILLAR INC (CAT) - 0.63% |
| Total Holdings | 1167 | 505 |
EEM vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
EEM
-0.12%
Winner
SPY
+3.42%
3M
EEM
-0.93%
Winner
SPY
+5.97%
6M
EEM
+9.82%
Winner
SPY
+12.56%
1Y
Winner
EEM
+35.25%
SPY
+23.65%
5Y(CAGR)
EEM
+7.29%
Winner
SPY
+13.33%
10Y(CAGR)
EEM
+8.29%
Winner
SPY
+15.34%
Max(CAGR)
Winner
EEM
+9.94%
SPY
+8.61%
EEM vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EEM | SPY |
|---|---|---|
| 2026 | +17.30% | +13.79% |
| 2025 | +34.17% | +18.00% |
| 2024 | +7.76% | +25.59% |
| 2023 | +8.08% | +26.72% |
| 2022 | -21.12% | -18.64% |
| 2021 | -4.23% | +30.52% |
| 2020 | +14.71% | +17.28% |
| 2019 | +17.90% | +31.09% |
| 2018 | -16.88% | -5.24% |
| 2017 | +35.65% | +20.78% |
| 2016 | +13.99% | +13.59% |
| 2015 | -15.06% | +1.31% |
| 2014 | -0.08% | +14.56% |
| 2013 | -5.57% | +29.00% |
| 2012 | +15.57% | +14.17% |
| 2011 | -19.59% | +0.85% |
| 2010 | +13.21% | +13.14% |
| 2009 | +61.25% | +22.67% |
| 2008 | -48.03% | -36.25% |
| 2007 | +32.18% | +5.32% |
| 2006 | +26.46% | +13.85% |
| 2005 | +34.01% | +5.32% |
| 2004 | +21.91% | +10.75% |
| 2003 | +63.14% | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
EEM vs SPY Drawdown Comparison
The maximum drawdown for EEM was -66.45%, occurring on Nov 20, 2008. Recovery took 2488 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current EEM drawdown is -7.82%.
| Rank | EEM | SPY |
|---|---|---|
| #1 | -66.45% Oct 31, 2007 - Sep 19, 2017 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -39.80% Feb 17, 2021 - Sep 11, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -38.22% Jan 26, 2018 - Nov 24, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -26.24% May 9, 2006 - Dec 4, 2006 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.38% Apr 12, 2004 - Nov 4, 2004 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.73% Jul 23, 2007 - Sep 21, 2007 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.24% Jun 22, 2026 - Jul 29, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.52% Feb 25, 2026 - Apr 17, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -12.02% Oct 3, 2005 - Dec 1, 2005 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.97% Mar 7, 2005 - Jul 12, 2005 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.25% Feb 21, 2007 - Apr 3, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.77% Jun 2, 2026 - Jun 18, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.02% Jan 31, 2006 - Apr 3, 2006 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.27% Mar 1, 2004 - Apr 2, 2004 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.94% Jan 3, 2007 - Jan 24, 2007 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between EEM and SPY is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
0.83
-101
Dividend Comparison (1999 - 2026)
EEM vs SPY dividend yield comparison.
| Year | EEM | SPY |
|---|---|---|
| 2026 | 0.53% | 0.48% |
| 2025 | 2.22% | 1.07% |
| 2024 | 2.43% | 1.21% |
| 2023 | 2.63% | 1.40% |
| 2022 | 2.50% | 1.65% |
| 2021 | 1.99% | 1.20% |
| 2020 | 1.45% | 1.52% |
| 2019 | 2.76% | 1.75% |
| 2018 | 2.24% | 2.04% |
| 2017 | 1.88% | 1.80% |
| 2016 | 1.89% | 2.03% |
| 2015 | 2.49% | 2.06% |
| 2014 | 2.23% | 1.87% |
| 2013 | 2.05% | 1.81% |
| 2012 | 1.68% | 2.18% |
| 2011 | 2.13% | 2.05% |
| 2010 | 1.36% | 1.80% |
| 2009 | 1.40% | 1.95% |
| 2008 | 3.43% | 3.02% |
| 2007 | 1.30% | 1.85% |
| 2006 | 1.38% | 1.73% |
| 2005 | 1.12% | 1.73% |
| 2004 | 1.20% | 1.82% |
| 2003 | 0.50% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
Select Stocks to Compare
Popular: EEM vs SPY
More Comparisons
Compare with similar stocks
Compare EEM with:
Compare SPY with:
Popular suggestions:
EEM vs VWO
ISHARES MSCI EMERGING MARKETS ETF vs VANGUARD EMERGING MARKETS STOCK INDEX FUND ETF SHARES
IEMG vs EEM
ISHARES CORE MSCI EMERGING MARKETS ETF vs ISHARES MSCI EMERGING MARKETS ETF
SPY vs VOO
SPDR S&P 500 ETF Trust vs VANGUARD 500 INDEX FUND ETF SHARES
SPY vs BRK-B
SPDR S&P 500 ETF Trust vs Berkshire Hathaway Inc - Class B
SPY vs SCHD
SPDR S&P 500 ETF Trust vs SCHWAB U.S. DIVIDEND EQUITY ETF
URTH vs EEM
ISHARES MSCI WORLD ETF vs ISHARES MSCI EMERGING MARKETS ETF
EDC vs EEM
Direxion Daily Emerging Markets Bull 3X Shares vs ISHARES MSCI EMERGING MARKETS ETF
EEM vs SPEM
ISHARES MSCI EMERGING MARKETS ETF vs STATE STREET(R) SPDR(R) PORTFOLIO EMERGING MARKETS ETF
SPY vs GLD
SPDR S&P 500 ETF Trust vs SPDR Gold Shares ETF
EEMV vs EEM
ISHARES MSCI EMERGING MARKETS MIN VOL FACTOR ETF vs ISHARES MSCI EMERGING MARKETS ETF
EEMS vs EEM
ISHARES MSCI EMERGING MARKETS SMALL-CAP ETF vs ISHARES MSCI EMERGING MARKETS ETF
SPY vs SPYG
SPDR S&P 500 ETF Trust vs STATE STREET(R) SPDR(R) PORTFOLIO S&P 500(R) GROWTH ETF