QEMM vs GRF

Comparison between STATE STREET(R) SPDR(R) MSCI EMERGING MARKETS STRATEGICFACTORS(SM) ETF (QEMM, ETF) and Eagle Capital Growth Fund Inc (GRF, ETF).

5-Year PerformanceGRF has outperformed QEMM, delivering a return of +9.0% compared to +6.2%

QEMM vs GRF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	QEMM(ETF)	GRF(ETF)
Net Assets	$47M	$48M
Expense Ratio	0.30%	N/A
Max Drawdown	40.48%	69.08%
Sharpe Ratio	1.57	0.34
5Y Beta	0.70	0.31
5Y Dividends CAGR	16.78%	22.26%

Net Assets

QEMM

$47M

Winner

GRF

$48M

Expense Ratio

QEMM

0.30%

GRF

N/A

Max Drawdown

Winner

QEMM

40.48%

GRF

69.08%

Sharpe Ratio

Winner

QEMM

1.57

GRF

0.34

5Y Beta

QEMM

0.70

Winner

GRF

0.31

5Y Dividends CAGR

QEMM

16.78%

Winner

GRF

22.26%

QEMM vs GRF - Historical Returns

Returns include dividend reinvestment.

Period	QEMM	GRF
1 month	-0.59%	-1.39%
3 months	+11.64%	-6.42%
6 months	+18.66%	-2.84%
1 year	+33.73%	+7.45%
5 years(CAGR)	+6.25%	+9.04%
10 years(CAGR)	+8.28%	+9.97%
Max(CAGR)	+5.34%	+8.64%

Winner

QEMM

-0.59%

GRF

-1.39%

Winner

QEMM

+11.64%

GRF

-6.42%

Winner

QEMM

+18.66%

GRF

-2.84%

Winner

QEMM

+33.73%

GRF

+7.45%

5Y(CAGR)

QEMM

+6.25%

Winner

GRF

+9.04%

10Y(CAGR)

QEMM

+8.28%

Winner

GRF

+9.97%

Max(CAGR)

QEMM

+5.34%

Winner

GRF

+8.64%

QEMM vs GRF - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	QEMM	GRF
2026	+15.93%	-8.28%
2025	+22.49%	+18.14%
2024	+6.40%	+8.09%
2023	+11.94%	+15.94%
2022	-18.19%	-11.78%
2021	+5.34%	+31.87%
2020	+8.64%	+8.25%
2019	+14.73%	+21.53%
2018	-14.28%	-0.63%
2017	+30.49%	+13.24%
2016	+11.57%	+14.36%
2015	-13.07%	-4.25%
2014	-6.59%	+11.31%
2013	N/A	+32.44%
2012	N/A	+2.36%
2011	N/A	+21.20%
2010	N/A	+9.09%
2009	N/A	+23.92%
2008	N/A	-34.47%
2007	N/A	+17.44%
2006	N/A	+25.60%
2005	N/A	-19.24%
2004	N/A	+4.64%

QEMM vs GRF Drawdown Comparison

The maximum drawdown for QEMM was -36.89%, occurring on Mar 23, 2020. Recovery took 735 trading sessions.

The maximum drawdown for GRF was -60.89%, occurring on Mar 10, 2009. Recovery took 998 trading sessions.

The current QEMM drawdown is -6.27%. The current GRF drawdown is -14.35%.

Rank	QEMM	GRF
#1	-36.89% Jan 26, 2018 - Dec 28, 2020	-60.89% Dec 27, 2007 - Dec 12, 2011
#2	-33.19% Sep 4, 2014 - Jul 26, 2017	-36.59% Feb 18, 2020 - Dec 23, 2020
#3	-27.55% Jun 1, 2021 - Sep 24, 2024	-24.98% Apr 27, 2022 - Aug 29, 2024
#4	-16.98% Oct 7, 2024 - Jun 10, 2025	-24.86% Jan 30, 2004 - Jan 5, 2007
#5	-10.40% Feb 25, 2026 - Apr 17, 2026	-20.20% Dec 26, 2014 - May 6, 2016
#6	-6.41% Feb 17, 2021 - May 28, 2021	-19.44% Jan 5, 2012 - Mar 7, 2013
#7	-6.27% Jun 2, 2026 - Jun 5, 2026	-16.49% Feb 1, 2018 - Feb 4, 2019
#8	-5.21% May 11, 2026 - May 26, 2026	-16.34% Dec 16, 2025 - Apr 15, 2026
#9	-4.00% Jan 21, 2021 - Feb 9, 2021	-15.63% Jan 21, 2022 - Apr 26, 2022
#10	-3.95% Nov 11, 2025 - Jan 2, 2026	-15.46% Jun 21, 2007 - Dec 12, 2007
#11	-3.63% Sep 17, 2025 - Oct 16, 2025	-15.22% May 13, 2016 - Nov 23, 2016
#12	-3.60% Jul 23, 2025 - Aug 12, 2025	-12.94% Jan 25, 2007 - Jun 21, 2007
#13	-3.53% Nov 22, 2017 - Dec 26, 2017	-12.66% Jul 9, 2014 - Dec 16, 2014
#14	-3.07% Jul 28, 2014 - Aug 19, 2014	-12.02% Nov 29, 2024 - Jul 23, 2025
#15	-2.78% Sep 19, 2017 - Oct 11, 2017	-11.90% Dec 5, 2016 - May 16, 2017

Correlation

Correlation between QEMM and GRF is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2004 - 2026)

QEMM vs GRF dividend yield comparison.

Year	QEMM	GRF
2026	1.36%	0.00%
2025	4.90%	7.94%
2024	5.17%	6.97%
2023	4.88%	3.70%
2022	4.07%	4.32%
2021	2.35%	10.20%
2020	2.48%	6.89%
2019	3.05%	6.98%
2018	2.86%	7.26%
2017	2.11%	6.42%
2016	2.03%	16.19%
2015	2.14%	6.59%
2014	1.56%	4.25%
2013	0.00%	12.45%
2012	0.00%	5.07%
2011	0.00%	15.00%
2010	0.00%	4.23%
2009	0.00%	0.78%
2008	0.00%	7.02%
2007	0.00%	21.64%
2006	0.00%	14.30%
2005	0.00%	2.24%
2004	0.00%	2.25%