Skip to Content

IEMG vs. SPLG

iShares Core MSCI Emerging Markets ETF

IEMG
$--
vs

SPDR Portfolio S&P 500 ETF

SPLG
$--

Correlation

0.65
IEMGiShares Core MSCI Emerging Markets ETF
SPLGSPDR Portfolio S&P 500 ETF

What is IEMG?

The iShares Core MSCI Emerging Markets ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Emerging Markets Investable Market Index.

Snapshot
**

IEMG iShares Core MSCI Emerging Markets ETF
SPLG SPDR Portfolio S&P 500 ETF
Inception date
Oct 18 2012
Nov 08 2005
Expense ratio
0.09%
0.02%
IEMG has a higher expense ratio than SPLG by 0.06%. This can indicate that it’s more expensive to invest in IEMG than SPLG.
Type
Global Ex. US Equities
US Equities
IEMG targets investing in Global Ex. US Equities, while SPLG targets investing in US Equities.
Fund owner
Blackrock (iShares)
State Street (SPDR)
IEMG is managed by Blackrock (iShares), while SPLG is managed by State Street (SPDR).
Volume (1m avg. daily)
$497,040,322
$153,285,985
Both IEMG and SPLG are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$70,028,258,238
$19,439,639,569
IEMG has more assets under management than SPLG by $50,588,618,669. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
MSCI Emerging Markets Investable Market Index
S&P 500 Index
IEMG is based off of the MSCI Emerging Markets Investable Market Index, while SPLG is based off of the S&P 500 Index
Inverse/Leveraged
No
No
IEMG and SPLG use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
IEMG and SPLG both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
IEMG and SPLG may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither IEMG nor SPLG require a K1.
IEMG and SPLG’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toIEMG

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Automated Strategies
Related toSPLG

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.