EMF vs SPY
Comparison between Templeton Emerging Markets Fund (EMF, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed EMF, delivering a return of +13.3% compared to +10.3%
EMF vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EMF
$341M
Winner
SPY
$735B
Expense Ratio
EMF
N/A
SPY
0.09%
Max Drawdown
EMF
72.52%
Winner
SPY
56.47%
Sharpe Ratio
Winner
EMF
2.48
SPY
1.62
5Y Beta
Winner
EMF
0.70
SPY
1.00
P/E Ratio
EMF
N/A
SPY
28.99
Forward P/E
EMF
N/A
SPY
22.37
5Y Dividends CAGR
Winner
EMF
20.31%
SPY
5.43%
5Y EPS CAGR
EMF
N/A
SPY
26.05%
Debt to Equity
EMF
N/A
SPY
32.40%
P/S Ratio
EMF
N/A
SPY
3.74
P/B Ratio
EMF
N/A
SPY
5.61
EMF vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
EMF
+5.04%
SPY
+1.90%
3M
Winner
EMF
+21.32%
SPY
+8.55%
6M
Winner
EMF
+38.52%
SPY
+8.18%
1Y
Winner
EMF
+79.58%
SPY
+25.79%
5Y(CAGR)
EMF
+10.34%
Winner
SPY
+13.32%
10Y(CAGR)
EMF
+14.76%
Winner
SPY
+15.19%
Max(CAGR)
Winner
EMF
+9.63%
SPY
+8.47%
EMF vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EMF | SPY |
|---|---|---|
| 2026 | +32.24% | +8.26% |
| 2025 | +57.75% | +18.00% |
| 2024 | +4.77% | +25.59% |
| 2023 | +7.70% | +26.72% |
| 2022 | -22.82% | -18.64% |
| 2021 | -8.69% | +30.52% |
| 2020 | +19.61% | +17.28% |
| 2019 | +24.33% | +31.09% |
| 2018 | -17.20% | -5.24% |
| 2017 | +49.63% | +20.78% |
| 2016 | +25.38% | +13.59% |
| 2015 | -26.61% | +1.31% |
| 2014 | -3.63% | +14.56% |
| 2013 | -6.39% | +29.00% |
| 2012 | +10.97% | +14.17% |
| 2011 | -24.67% | +0.85% |
| 2010 | +14.61% | +13.14% |
| 2009 | +110.57% | +22.67% |
| 2008 | -53.32% | -36.25% |
| 2007 | +36.03% | +5.32% |
| 2006 | +17.07% | +13.85% |
| 2005 | +31.79% | +5.32% |
| 2004 | +15.59% | +10.75% |
| 2003 | +81.60% | +24.18% |
| 2002 | -1.16% | -22.42% |
| 2001 | +5.71% | -10.13% |
| 2000 | -43.35% | -8.84% |
| 1999 | +23.27% | +8.61% |
EMF vs SPY Drawdown Comparison
The maximum drawdown for EMF was -68.69%, occurring on Nov 20, 2008. Recovery took 549 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current EMF drawdown is -7.10%. The current SPY drawdown is -2.90%.
| Rank | EMF | SPY |
|---|---|---|
| #1 | -68.69% Oct 31, 2007 - Jan 6, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -50.48% Apr 8, 2011 - Oct 12, 2017 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -48.89% Jan 3, 2000 - Oct 13, 2003 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -47.63% Feb 17, 2021 - Aug 13, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -39.30% Jan 14, 2020 - Nov 5, 2020 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -31.38% Jan 19, 2006 - Dec 26, 2006 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -31.32% Jan 13, 2004 - Nov 17, 2004 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -27.72% Jan 26, 2018 - Jan 2, 2020 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -26.55% Jan 19, 2010 - Oct 1, 2010 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -22.38% Jul 23, 2007 - Sep 18, 2007 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -20.84% Mar 18, 2005 - Jul 28, 2005 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -19.47% Feb 25, 2026 - May 5, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -15.59% Jan 3, 2007 - May 22, 2007 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.49% Nov 10, 2010 - Apr 6, 2011 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -11.39% Aug 18, 2005 - Nov 21, 2005 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between EMF and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
Dividend Comparison (1999 - 2026)
EMF vs SPY dividend yield comparison.
| Year | EMF | SPY |
|---|---|---|
| 2026 | 0.98% | 0.24% |
| 2025 | 9.73% | 1.07% |
| 2024 | 4.28% | 1.21% |
| 2023 | 6.22% | 1.40% |
| 2022 | 9.89% | 1.65% |
| 2021 | 6.92% | 1.20% |
| 2020 | 3.51% | 1.52% |
| 2019 | 7.36% | 1.75% |
| 2018 | 5.92% | 2.04% |
| 2017 | 12.11% | 1.80% |
| 2016 | 1.62% | 2.03% |
| 2015 | 12.81% | 2.06% |
| 2014 | 7.67% | 1.87% |
| 2013 | 9.66% | 1.81% |
| 2012 | 2.30% | 2.18% |
| 2011 | 1.87% | 2.05% |
| 2010 | 0.63% | 1.80% |
| 2009 | 0.72% | 1.95% |
| 2008 | 15.86% | 3.02% |
| 2007 | 9.34% | 1.85% |
| 2006 | 28.68% | 1.73% |
| 2005 | 10.26% | 1.73% |
| 2004 | 1.49% | 1.82% |
| 2003 | 1.61% | 1.47% |
| 2002 | 1.93% | 1.70% |
| 2001 | 1.35% | 1.25% |
| 2000 | 1.35% | 1.15% |
| 1999 | 0.00% | 0.24% |
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