EMTL vs SPY
EMTL vs SPY
State Street DoubleLine Emerging Markets Fixed Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EMTL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $67M | $789.1B | |
| Dividend Yield | 4.95% | 1.01% | |
| Holdings | 119 | 505 | |
| YTD Return | -1.71% | +13.28% | |
| 1Y Return | +1.23% | +23.94% | |
| 3Y Return (annualized) | +5.65% | +21.07% | |
| 5Y Return (annualized) | +1.03% | +13.27% | |
| Volatility (annualized) | 7.1% | 15.3% | |
| Max Drawdown | -22.9% | -56.5% | |
| Fund Family | State Street Investment Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 13, 2016 | Jan 22, 1993 |
EMTL vs SPY Performance
State Street DoubleLine Emerging Markets Fixed Income ETF (EMTL) is a ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EMTL returned +1.23% while SPY returned +23.94%. Year to date, EMTL is down 1.71% versus a gain of 13.28% for SPY.
Over three years, EMTL compounded at +5.65% per year against +21.07% for SPY; over five years the annualized figures are +1.03% and +13.27% respectively. Across the full 10-year window we track, SPY has the edge at +8.84% annualized vs +3.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.1% for EMTL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.9% for EMTL and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EMTL charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, EMTL currently yields 4.95% against 1.01% for SPY.
Holdings Overlap
EMTL and SPY share 0 holdings out of 617 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EMTL or SPY?
EMTL has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, EMTL or SPY?
Over the past year EMTL returned +1.23% vs +23.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (10 years), EMTL annualized +3.11% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, EMTL or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.1% for EMTL. Worst drawdown: EMTL -22.9% vs SPY -56.5%.
Should I hold both EMTL and SPY?
EMTL and SPY have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMTL and SPY?
EMTL and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 617 unique securities.
Which pays a higher dividend, EMTL or SPY?
EMTL yields 4.95% while SPY yields 1.01%, so EMTL currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.