Dividend comparison
IEMG vs SPEM: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for iShares Core MSCI Emerging Markets ETF and State Street SPDR Portfolio Emerging Markets ETF, side by side. Updated October 21, 2026.
IEMG vs SPEM: key differences
The short answer, from the latest data on this page.
- Fees. SPEM is cheaper at 0.07% a year versus 0.09% for IEMG. On $10,000 that is $2 a year less in fees.
- Income. SPEM pays more income, yielding 2.55% over the last twelve months versus 2.32% for IEMG. That is about $23 more a year on $10,000. IEMG pays semi-annual, SPEM pays annual.
- Performance. Over the last 5 years, IEMG returned 35.6% versus 33.1% for SPEM, with dividends reinvested. $10,000 would have grown to $13,559 in IEMG and $13,306 in SPEM.
- Risk. IEMG has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -32.6%, against -29.7% for SPEM.
- Diversification. IEMG holds 2,857 positions and SPEM holds 2,722. The ten largest positions make up 32.0% of IEMG and 25.7% of SPEM.
- Overlap. At least 31% of the two portfolios overlap by weight, across 42 shared holdings.
- Dividend growth. IEMG grew its yearly payout 0.2% a year over the last 4 years, versus -0.1% for SPEM.
- Size. IEMG is the larger fund with $152.3 billion in assets, against $17.0 billion for SPEM.
Bottom line: IEMG has the edge on these figures, with stronger 5-year returns. SPEM does not lead on any of the measures compared here.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | IEMG iShares Core MSCI Emerging Markets ETF | SPEM State Street SPDR Portfolio Emerging Markets ETF |
|---|---|---|
| Dividend yield (TTM) | 2.32% | 2.55% |
| Dividend / share (TTM) | $1.80 | $1.30 |
| Payout frequency | Semi-annual | Annual |
| Last dividend | $0.6584 on Jun 18, 2026 | $0.5277 on Jun 26, 2026 |
| Ex-dividend date | Jun 15, 2026 | Jun 22, 2026 |
| Dividend growth (CAGR) | 0.2% over 4 yrs | -0.1% over 4 yrs |
| Price | $77.37 | $50.91 |
| Dividend growth streak | 3 years | 2 years |
| Beta | 1.01 | 0.86 |
| Max drawdown (5Y) | -32.6% | -29.7% |
| Market cap | $151.03B | $16.86B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.09% | 0.07% |
| Assets under management | $152.28B | $17.00B |
| Number of holdings | 2857 | 2722 |
| Top 10 concentration | 32.0% | 25.7% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
IEMG
$19.36/mo
$232 /yr at 2.32% yield
SPEM
$21.27/mo
$255 /yr at 2.55% yield
Dividend history
Total dividends paid per share in each calendar year. IEMG pays semi-annual; SPEM pays annual.
| Year | IEMG | SPEM |
|---|---|---|
| 2025 | $1.8486 | $1.2983 |
| 2024 | $1.6720 | $1.0677 |
| 2023 | $1.4602 | $0.9928 |
| 2022 | $1.2633 | $1.1124 |
| 2021 | $1.8319 | $1.3037 |
Strategy: International equity
Funds that hold companies outside the United States, either across developed markets like Europe, Japan and Canada, across emerging markets like China, India and Taiwan, or both. Index providers disagree on edge cases such as whether South Korea is developed or emerging and whether small caps or Canada are included, which explains most of the gap between similar-looking funds. Dividend yields are usually higher than in the US market.
Returns are exposed to currency moves and to political and regulatory risk that US investors do not face at home, and emerging markets add wide swings.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $13,559 in IEMG and $13,306 in SPEM.
| Period | IEMG | SPEM |
|---|---|---|
| 1 month | -5.25% | -2.84% |
| 3 months | 0.51% | 1.47% |
| Year to date | 15.10% | 9.86% |
| 1 year | 14.12% | 9.89% |
| 3 years | 78.81% | 70.38% |
| 5 years | 35.59% | 33.06% |
- IEMG
- SPEM
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- IEMG
- SPEM
IEMG vs SPEM holdings overlap
At least 31% overlap by weight, with 42 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | IEMG weight | SPEM weight |
|---|---|---|
| 2330.TWTAIWAN SEMICONDUCTOR MANUFACTURING | 13.79% | 14.27% |
| 0700.HKTENCENT HOLDINGS | 2.45% | 2.60% |
| 9988.HKALIBABA GROUP HOLDING | 1.74% | 2.14% |
| 2454.TWMEDIATEK | 1.42% | 1.70% |
| 0939.HKCHINA CONSTRUCTION BANK CORP H | 0.79% | 0.99% |
| 2308.TWDELTA ELECTRONICS | 0.74% | 0.85% |
| 2317.TWHON HAI PRECISION INDUSTRY | 0.69% | 0.85% |
| 3711.TWASE TECHNOLOGY HOLDING | 0.52% | 0.70% |
| 1398.HKINDUSTRIAL AND COMMERCIAL BANK OF | 0.47% | 0.59% |
| 1810.HKXIAOMI | 0.43% | 0.48% |
Top 10 holdings
Largest positions by portfolio weight.
IEMG2857 holdings total
| Name | Weight |
|---|---|
| 2330.TWTAIWAN SEMICONDUCTOR MANUFACTURING | 13.79% |
| 005930.KSSAMSUNG ELECTRONICS LTD | 5.67% |
| 000660.KSSK HYNIX | 3.95% |
| 0700.HKTENCENT HOLDINGS | 2.45% |
| 9988.HKALIBABA GROUP HOLDING | 1.74% |
| 2454.TWMEDIATEK | 1.42% |
| 0939.HKCHINA CONSTRUCTION BANK CORP H | 0.79% |
| 005935.KSSAMSUNG ELECTRONICS NON VOTING PRE | 0.75% |
| 2308.TWDELTA ELECTRONICS | 0.74% |
| 2317.TWHON HAI PRECISION INDUSTRY | 0.69% |
SPEM2722 holdings total
| Name | Weight |
|---|---|
| 2330.TWTAIWAN SEMICONDUCTOR MANUFAC | 14.27% |
| 0700.HKTENCENT HOLDINGS LTD | 2.60% |
| 9988.HKALIBABA GROUP HOLDING LTD | 2.14% |
| 2454.TWMEDIATEK INC | 1.70% |
| 0939.HKCHINA CONSTRUCTION BANK H | 0.99% |
| 2308.TWDELTA ELECTRONICS INC | 0.85% |
| 2317.TWHON HAI PRECISION INDUSTRY | 0.85% |
| HDFCBHDFC BANK LIMITED | 0.76% |
| RIGDRELIANCE INDS SPONS GDR 144A | 0.75% |
| IBNICICI BANK LTD SPON ADR | 0.74% |
Quick verdict
IEMG has the edge on these figures, with stronger 5-year returns. SPEM does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is IEMG or SPEM better for dividend income?
It depends on your goals. IEMG currently yields 2.32% Trailing Twelve Months (TTM) while SPEM yields 2.55%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between IEMG and SPEM?
iShares Core MSCI Emerging Markets ETF (IEMG) is an ETF listed on AMEX. State Street SPDR Portfolio Emerging Markets ETF (SPEM) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, IEMG or SPEM?
SPEM has the lower expense ratio. IEMG charges 0.09% a year and SPEM charges 0.07%, a difference of $2 a year on a $10,000 investment.
Which has performed better, IEMG or SPEM?
Over the last 5 years, IEMG has the higher total return with dividends reinvested: IEMG returned 35.6% and SPEM returned 33.1%. Past performance does not predict future returns.
Which is riskier, IEMG or SPEM?
Measured by the worst peak-to-trough decline over the last five years, IEMG has been riskier: IEMG fell as much as 32.6% and SPEM as much as 29.7%. Their betas are 1.01 and 0.86.
How much do IEMG and SPEM overlap?
At least 31% of the two portfolios overlap by weight, across 42 shared holdings. The largest shared positions are 2330.TW, 0700.HK, 9988.HK. Holding both still adds meaningful diversification.
How often do IEMG and SPEM pay dividends?
IEMG pays semi-annual and SPEM pays annual.
How much income does $10,000 in IEMG vs SPEM generate?
At current TTM yields, $10,000 in IEMG would generate roughly $19.36 per month ($232 annually). The same amount in SPEM would produce about $21.27 per month ($255 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both IEMG and SPEM?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare IEMG vs SPEM with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how IEMG and SPEM fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.