SPDR MSCI Emerging Markets Fossil Fuel… (EEMX) Performance
EEMX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.7% since Dec 31, 2025
- 1 year
- +15.9% total return
- 5 years
- +7.1% a year
- Since first price
- +8.0% a year since 2016
EEMX trailing returns vs SPY, QQQ, AGG
| Period | EEMX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −9.0% | −9.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.1% | −4.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.7% | +0.5% | +7.8% | +8.4% | −1.5% |
| YTD | +14.7% | +14.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.9% | +13.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +85.4%+22.8%/yr | +73.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +40.6%+7.1%/yr | +26.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 25, 2016 | +115.4%+8.0%/yr | +75.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EEMX vs SPY
From Oct 25, 2016: EEMX grew to $21,544, SPY to $41,551.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EEMX returns by calendar year
6 of 9 full years positive. Best 2017 (+38.5%), worst 2022 (−19.8%). 2026 is year to date.
EEMX annual returns table
| Year | EEMX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.7% | −14.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +35.2% | −15.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +7.2% | −10.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +9.8% | −13.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.8% | −32.3% | −18.2% | −32.6% | −13.0% |
| 2021 | −3.6% | −17.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +19.6% | −31.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +18.6% | −11.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −16.8% | −27.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +38.5% | −5.4% | +21.7% | +32.7% | +3.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EEMX largest drawdowns
Now 13.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 16, 2021 | −39.9% | Oct 24, 2022 | Sep 9, 2025 | 1.7 years | 4.6 years |
| Jan 26, 2018 | −36.4% | Mar 23, 2020 | Nov 16, 2020 | 2.2 years | 2.8 years |
| Jun 22, 2026 | −14.5% | Jul 29, 2026 | not yet | 37 days | 4 months so far |
| Feb 25, 2026 | −13.9% | Mar 30, 2026 | Apr 17, 2026 | 33 days | 51 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EEMX risk statistics
| Statistic | 3 years | 5 years | Since 2016 |
|---|---|---|---|
| Annualized return | +24.7% | +9.5% | +9.1% |
| Volatility (annualized) | 15.7% | 17.9% | 17.4% |
| Sharpe ratio | 1.21 | 0.40 | 0.46 |
| Sortino ratio | 2.22 | 0.64 | 0.70 |
| Best month | +12.7% | +16.0% | +16.0% |
| Worst month | −9.4% | −11.7% | −14.9% |
| Best 12 months | +56.9% | +56.9% | +58.4% |
| Worst 12 months | +7.2% | −30.2% | −30.2% |
| Positive months | 72% | 58% | 59% |
| Beta vs S&P 500 | 0.81 | 0.74 | — |
| Correlation with S&P 500 | 0.64 | 0.65 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EEMX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 109 | −30.2% | +9.5% | +58.4% | 66% |
| 3-year (a year) | 85 | −8.1% | +4.0% | +25.7% | 73% |
| 5-year (a year) | 61 | −3.4% | +3.8% | +9.5% | 84% |
| 10-year (a year) | 1 | +8.2% | +8.2% | +8.2% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
EEMX performance overview
SPDR MSCI Emerging Markets Fossil Fuel… (EEMX) returned +15.9% over the past year and +7.1% a year over five years, with distributions reinvested. Since its first recorded price in 2016 it has returned +8.0% a year, turning $10,000 into about $21,544. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −39.9%, from Feb 16, 2021 to Oct 24, 2022, and it took 2.9 years to get back to the old high. EEMX finished 6 of its 9 full calendar years with a gain; the best year was 2017 (+38.5%) and the worst 2022 (−19.8%). Volatility has been 17.4% a year.
Related: EEMX chart, EEMX holdings, EEMX dividends. See the EEMX overview for the latest quote and fund facts.
EEMX performance FAQ
What is the EEMX return over the past year?
EEMX returned +15.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.4%.
What is the average annual return of EEMX?
EEMX has returned +7.1% a year over 5 years, +8.0% a year since October 25, 2016 (total return, distributions reinvested).
How much would $10,000 invested in EEMX be worth?
$10,000 invested in EEMX at its first recorded close on October 25, 2016 would be worth about $21,544 on October 23, 2026 with distributions reinvested.
What was the worst year for EEMX?
The worst calendar year was 2022, with a total return of −19.8%. The best was 2017 at +38.5%.
What is the biggest drawdown of EEMX?
The largest peak-to-trough decline was −39.9% between February 16, 2021 and October 24, 2022. It recovered to the old high on September 9, 2025, 2.9 years after the bottom.
How volatile is EEMX?
Over the past 3 years EEMX had an annualized volatility of 15.7% and a Sharpe ratio of 1.21 (excess return over 1–3 month T-bills per unit of risk).