QEMM vs FLAX
Comparison between STATE STREET(R) SPDR(R) MSCI EMERGING MARKETS STRATEGICFACTORS(SM) ETF (QEMM, ETF) and FRANKLIN FTSE ASIA EX JAPAN ETF (FLAX, ETF).
5-Year PerformanceQEMM has outperformed FLAX, delivering a return of +6.2% compared to +6.2%
QEMM vs FLAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
QEMM
$47M
FLAX
$47M
Expense Ratio
QEMM
0.30%
Winner
FLAX
0.19%
Max Drawdown
Winner
QEMM
40.48%
FLAX
44.11%
Sharpe Ratio
QEMM
1.57
Winner
FLAX
1.75
5Y Beta
Winner
QEMM
0.70
FLAX
0.79
5Y Dividends CAGR
QEMM
16.78%
Winner
FLAX
19.36%
QEMM vs FLAX - Holdings Comparison
QEMM and FLAX have 5 common holdings. Overlap is 0.71%
QEMM's top 25 holdings weight is 37.23%. FLAX's top 25 holdings weight is 45.60%.
| Rank | QEMM | FLAX |
|---|---|---|
| #1 | RUSSIAN RUBLE (n/a) - 6.68% | n/a (n/a) - 14.42% |
| #2 | n/a (n/a) - 6.38% | SAMSUNG ELECTRONICS CO LTD (n/a) - 7.33% |
| #3 | SAMSUNG ELECTRONICS CO LTD (n/a) - 3.21% | SK HYNIX INC (n/a) - 5.53% |
| #4 | MEDIATEK INC (n/a) - 3.18% | TENCENT HOLDINGS LTD (n/a) - 3.00% |
| #5 | DELTA ELECTRONICS INC (n/a) - 2.64% | n/a (n/a) - 2.53% |
| #6 | SK HYNIX INC (n/a) - 1.52% | MEDIATEK INC (n/a) - 1.43% |
| #7 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 1.29% | DELTA ELECTRONICS INC (n/a) - 1.11% |
| #8 | PDD HOLDINGS INC ADR (PDD) - 1.18% | AIA GROUP LTD (n/a) - 0.96% |
| #9 | SAUDI ARABIAN OIL CO (n/a) - 1.09% | n/a (n/a) - 0.84% |
| #10 | n/a (n/a) - 0.97% | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.83% |
| #11 | BANK OF CHINA LTD CLASS H (n/a) - 0.91% | RELIANCE INDUSTRIES LTD (n/a) - 0.81% |
| #12 | ELITE MATERIAL CO LTD (n/a) - 0.85% | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.79% |
| #13 | CHROMA ATE INC (n/a) - 0.82% | DBS GROUP HOLDINGS LTD (n/a) - 0.78% |
| #14 | n/a (n/a) - 0.80% | HDFC BANK LTD (n/a) - 0.74% |
| #15 | ACCTON TECHNOLOGY CORP (n/a) - 0.75% | n/a (n/a) - 0.65% |
| #16 | SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 0.72% | PDD HOLDINGS INC ADR (PDD) - 0.61% |
| #17 | GOLD FIELDS LTD (n/a) - 0.72% | XIAOMI CORP CLASS B (n/a) - 0.58% |
| #18 | TATA CONSULTANCY SERVICES LTD (n/a) - 0.69% | ICICI BANK LTD (n/a) - 0.57% |
| #19 | NETEASE INC ORDINARY SHARES (n/a) - 0.64% | SK SQUARE (n/a) - 0.56% |
| #20 | UNITED MICROELECTRONICS CORP (n/a) - 0.62% | HONG KONG EXCHANGES AND CLEARING LTD (n/a) - 0.53% |
| #21 | PETROLEO BRASILEIRO SA PETROBRAS ADR (PBR-A) - 0.39% | SUN HUNG KAI PROPERTIES LTD (n/a) - 0.21% |
| #22 | HDFC BANK LTD (n/a) - 0.30% | TATA CONSULTANCY SERVICES LTD (n/a) - 0.20% |
| #23 | GLOBAL UNICHIP CORP (n/a) - 0.30% | AGRICULTURAL BANK OF CHINA LTD CLASS H (n/a) - 0.20% |
| #24 | WAL MART DE MEXICO SAB DE CV (n/a) - 0.29% | POSCO HOLDINGS INC (n/a) - 0.20% |
| #25 | NAURA TECHNOLOGY GROUP CO LTD CLASS A (n/a) - 0.29% | CATHAY FINANCIAL HOLDING CO LTD (n/a) - 0.19% |
| Total Holdings | 811 | 1490 |
QEMM vs FLAX - Historical Returns
Returns include dividend reinvestment.
1M
QEMM
-0.59%
Winner
FLAX
-0.56%
3M
QEMM
+11.64%
Winner
FLAX
+13.18%
6M
QEMM
+18.66%
Winner
FLAX
+20.78%
1Y
QEMM
+33.73%
Winner
FLAX
+43.55%
5Y(CAGR)
Winner
QEMM
+6.25%
FLAX
+6.20%
10Y(CAGR)
Winner
QEMM
+8.28%
FLAX
+7.77%
Max(CAGR)
QEMM
+5.34%
Winner
FLAX
+7.77%
QEMM vs FLAX - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | QEMM | FLAX |
|---|---|---|
| 2026 | +15.93% | +16.08% |
| 2025 | +22.49% | +34.33% |
| 2024 | +6.40% | +11.69% |
| 2023 | +11.94% | +4.95% |
| 2022 | -18.19% | -19.30% |
| 2021 | +5.34% | -4.77% |
| 2020 | +8.64% | +22.01% |
| 2019 | +14.73% | +17.90% |
| 2018 | -14.28% | -12.03% |
| 2017 | +30.49% | N/A |
| 2016 | +11.57% | N/A |
| 2015 | -13.07% | N/A |
| 2014 | -6.59% | N/A |
QEMM vs FLAX Drawdown Comparison
The maximum drawdown for QEMM was -36.89%, occurring on Mar 23, 2020. Recovery took 735 trading sessions.
The maximum drawdown for FLAX was -42.50%, occurring on Oct 24, 2022. Recovery took 1147 trading sessions.
The current QEMM drawdown is -6.27%. The current FLAX drawdown is -8.86%.
| Rank | QEMM | FLAX |
|---|---|---|
| #1 | -36.89% Jan 26, 2018 - Dec 28, 2020 | -42.50% Feb 17, 2021 - Sep 11, 2025 |
| #2 | -33.19% Sep 4, 2014 - Jul 26, 2017 | -29.77% Mar 14, 2018 - Aug 4, 2020 |
| #3 | -27.55% Jun 1, 2021 - Sep 24, 2024 | -12.99% Feb 25, 2026 - Apr 17, 2026 |
| #4 | -16.98% Oct 7, 2024 - Jun 10, 2025 | -8.86% Jun 2, 2026 - Jun 5, 2026 |
| #5 | -10.40% Feb 25, 2026 - Apr 17, 2026 | -5.55% Jan 21, 2021 - Feb 9, 2021 |
| #6 | -6.41% Feb 17, 2021 - May 28, 2021 | -5.31% Aug 28, 2020 - Oct 8, 2020 |
| #7 | -6.27% Jun 2, 2026 - Jun 5, 2026 | -5.30% May 11, 2026 - May 26, 2026 |
| #8 | -5.21% May 11, 2026 - May 26, 2026 | -5.20% Oct 29, 2025 - Jan 2, 2026 |
| #9 | -4.00% Jan 21, 2021 - Feb 9, 2021 | -4.39% Oct 6, 2025 - Oct 20, 2025 |
| #10 | -3.95% Nov 11, 2025 - Jan 2, 2026 | -3.34% Jan 28, 2026 - Feb 10, 2026 |
| #11 | -3.63% Sep 17, 2025 - Oct 16, 2025 | -2.72% Oct 12, 2020 - Nov 4, 2020 |
| #12 | -3.60% Jul 23, 2025 - Aug 12, 2025 | -2.54% Feb 23, 2018 - Mar 13, 2018 |
| #13 | -3.53% Nov 22, 2017 - Dec 26, 2017 | -2.37% Nov 27, 2020 - Dec 3, 2020 |
| #14 | -3.07% Jul 28, 2014 - Aug 19, 2014 | -1.91% Aug 6, 2020 - Aug 17, 2020 |
| #15 | -2.78% Sep 19, 2017 - Oct 11, 2017 | -1.90% Sep 17, 2025 - Oct 1, 2025 |
Correlation
Correlation between QEMM and FLAX is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2014 - 2026)
QEMM vs FLAX dividend yield comparison.
| Year | QEMM | FLAX |
|---|---|---|
| 2026 | 1.36% | 0.00% |
| 2025 | 4.90% | 2.37% |
| 2024 | 5.17% | 3.12% |
| 2023 | 4.88% | 2.20% |
| 2022 | 4.07% | 2.86% |
| 2021 | 2.35% | 2.38% |
| 2020 | 2.48% | 1.57% |
| 2019 | 3.05% | 2.23% |
| 2018 | 2.86% | 2.35% |
| 2017 | 2.11% | 0.00% |
| 2016 | 2.03% | 0.00% |
| 2015 | 2.14% | 0.00% |
| 2014 | 1.56% | 0.00% |
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