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SPYD vs. IEMG

SPDR Portfolio S&P 500 High Dividend ETF

SPYD
$--
vs

iShares Core MSCI Emerging Markets ETF

IEMG
$--

Correlation

0.60
SPYDSPDR Portfolio S&P 500 High Dividend ETF
IEMGiShares Core MSCI Emerging Markets ETF

What is SPYD?

The SPDR Portfolio S&P 500 High Dividend ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 High Dividend Index (the "Index"). The S&P 500 High Dividend Index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500 Index, based on dividend yield. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts ("REITs"). To determine dividend yield: (i) an indicated dividend is measured by taking the latest dividend paid (excluding special payments) multiplied by the annual frequency of the payment; and (ii) the indicated dividend is then divided by the companys share price at the date of rebalancing.

Snapshot
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SPYD SPDR Portfolio S&P 500 High Dividend ETF
IEMG iShares Core MSCI Emerging Markets ETF
Inception date
Oct 21 2015
Oct 18 2012
Expense ratio
0.07%
0.09%
SPYD has a lower expense ratio than IEMG by 0.01%. This can indicate that it’s cheaper to invest in SPYD than IEMG.
Type
US Equities
Global Ex. US Equities
SPYD targets investing in US Equities, while IEMG targets investing in Global Ex. US Equities.
Fund owner
State Street (SPDR)
Blackrock (iShares)
SPYD is managed by State Street (SPDR), while IEMG is managed by Blackrock (iShares).
Volume (1m avg. daily)
$31,341,265
$497,040,322
Both SPYD and IEMG 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
$6,188,814,848
$70,028,258,238
SPYD has more assets under management than IEMG by $63,839,443,390. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 High Dividend Index
MSCI Emerging Markets Investable Market Index
SPYD is based off of the S&P 500 High Dividend Index, while IEMG is based off of the MSCI Emerging Markets Investable Market Index
Inverse/Leveraged
No
No
SPYD and IEMG 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
SPYD and IEMG 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
Yes
No
SPYD may offer dividends, while IEMG does not. The frequency and yield of the dividend for SPYD may vary.
Prospectus
Neither SPYD nor IEMG require a K1.
SPYD and IEMG’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 toSPYD

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Automated Strategies
Related toIEMG

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

Disclaimers

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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.

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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.