SPEM vs PHYS

Comparison between SPDR(R) PORTFOLIO EMERGING MARKETS ETF (SPEM, ETF) and Sprott Physical Gold Trust (PHYS, ETF).

5-Year PerformancePHYS has outperformed SPEM, delivering a return of +19.8% compared to +6.9%

SPEM vs PHYS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPEM(ETF)	PHYS(ETF)
Net Assets	$17B	$17B
Expense Ratio	0.07%	N/A
Max Drawdown	65.07%	48.16%
Sharpe Ratio	1.61	1.24
5Y Beta	0.70	0.17
5Y Dividends CAGR	4.52%	N/A

Net Assets

SPEM

$17B

PHYS

$17B

Expense Ratio

SPEM

0.07%

PHYS

N/A

Max Drawdown

SPEM

65.07%

Winner

PHYS

48.16%

Sharpe Ratio

Winner

SPEM

1.61

PHYS

1.24

5Y Beta

SPEM

0.70

Winner

PHYS

0.17

5Y Dividends CAGR

SPEM

4.52%

PHYS

N/A

SPEM vs PHYS - Historical Returns

Returns include dividend reinvestment.

Period	SPEM	PHYS
1 month	+3.80%	-0.61%
3 months	+2.57%	-3.56%
6 months	+9.61%	+11.69%
1 year	+28.49%	+44.56%
5 years(CAGR)	+6.87%	+19.76%
10 years(CAGR)	+9.56%	+12.94%
Max(CAGR)	+5.61%	+8.45%

Winner

SPEM

+3.80%

PHYS

-0.61%

Winner

SPEM

+2.57%

PHYS

-3.56%

SPEM

+9.61%

Winner

PHYS

+11.69%

SPEM

+28.49%

Winner

PHYS

+44.56%

5Y(CAGR)

SPEM

+6.87%

Winner

PHYS

+19.76%

10Y(CAGR)

SPEM

+9.56%

Winner

PHYS

+12.94%

Max(CAGR)

SPEM

+5.61%

Winner

PHYS

+8.45%

SPEM vs PHYS - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SPEM	PHYS
2026	+7.93%	+7.82%
2025	+26.06%	+61.55%
2024	+12.77%	+26.91%
2023	+9.34%	+11.79%
2022	-18.38%	-0.21%
2021	+0.94%	-6.08%
2020	+12.23%	+22.88%
2019	+19.24%	+17.45%
2018	-15.13%	-3.73%
2017	+33.44%	+12.06%
2016	+14.74%	+6.10%
2015	-14.68%	-11.10%
2014	+1.97%	-3.65%
2013	-3.47%	-30.59%
2012	+14.83%	+0.42%
2011	-19.79%	+12.56%
2010	+15.47%	+28.73%
2009	+65.42%	N/A
2008	-48.76%	N/A
2007	+36.13%	N/A

SPEM vs PHYS Drawdown Comparison

The maximum drawdown for SPEM was -64.42%, occurring on Nov 20, 2008. Recovery took 1721 trading sessions.

The maximum drawdown for PHYS was -48.16%, occurring on Dec 17, 2015. Recovery took 3154 trading sessions.

The current SPEM drawdown is -2.35%. The current PHYS drawdown is -12.73%.

Rank	SPEM	PHYS
#1	-64.42% Oct 31, 2007 - Sep 3, 2014	-48.16% Aug 22, 2011 - Mar 6, 2024
#2	-36.05% Jan 26, 2018 - Nov 9, 2020	-19.35% Jan 29, 2026 - Mar 26, 2026
#3	-34.89% Sep 5, 2014 - Jul 12, 2017	-15.31% May 14, 2010 - Mar 1, 2011
#4	-33.40% Feb 17, 2021 - Oct 7, 2024	-11.08% Oct 20, 2025 - Dec 22, 2025
#5	-17.89% Jul 23, 2007 - Sep 19, 2007	-9.91% Apr 29, 2011 - Jul 12, 2011
#6	-17.63% Oct 7, 2024 - Jun 9, 2025	-9.23% Oct 30, 2024 - Feb 3, 2025
#7	-11.36% Feb 25, 2026 - Apr 17, 2026	-7.71% Apr 21, 2025 - Jun 13, 2025
#8	-5.02% Jan 20, 2021 - Feb 5, 2021	-5.66% Apr 2, 2025 - Apr 10, 2025
#9	-4.86% Oct 29, 2025 - Jan 2, 2026	-5.62% May 20, 2024 - Jul 16, 2024
#10	-4.38% Oct 8, 2025 - Oct 20, 2025	-4.92% Dec 26, 2025 - Jan 12, 2026
#11	-4.30% Nov 22, 2017 - Dec 28, 2017	-4.90% Jul 22, 2025 - Aug 29, 2025
#12	-4.11% Oct 18, 2007 - Oct 26, 2007	-4.87% Jun 13, 2025 - Jul 22, 2025
#13	-3.46% Sep 19, 2017 - Oct 13, 2017	-4.38% Apr 16, 2024 - May 17, 2024
#14	-3.43% Jun 4, 2007 - Jun 14, 2007	-4.24% Jul 16, 2024 - Aug 12, 2024
#15	-3.14% Jul 23, 2025 - Aug 12, 2025	-4.15% Mar 7, 2011 - Apr 18, 2011