EEMO vs SPY
Invesco S&P Emerging Markets Momentum ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. EEMO delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EEMO | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $23M | $789.1B | |
| Dividend Yield | 1.64% | 1.01% | |
| Holdings | 280 | 505 | |
| YTD Return | +23.97% | +14.47% | |
| 1Y Return | +27.80% | +21.96% | |
| 3Y Return (annualized) | +18.46% | +21.70% | |
| 5Y Return (annualized) | +6.70% | +13.30% | |
| Volatility (annualized) | 21.7% | 15.3% | |
| Max Drawdown | -60.5% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 24, 2012 | Jan 22, 1993 |
EEMO vs SPY Performance
Invesco S&P Emerging Markets Momentum ETF (EEMO) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EEMO returned +27.80% while SPY returned +21.96%. Year to date, EEMO is up 23.97% versus a gain of 14.47% for SPY.
Over three years, EEMO compounded at +18.46% per year against +21.70% for SPY; over five years the annualized figures are +6.70% and +13.30% respectively. Across the full 15-year window we track, SPY has the edge at +8.87% annualized vs +0.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EEMO has been the more volatile fund, with annualized monthly volatility of 21.7% compared with 15.3% for SPY. 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 -60.5% for EEMO 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EEMO charges 0.29% per year while SPY charges 0.09%. On a $10,000 position that is $29 vs $9 annually, a gap of $20 per year that compounds over a long holding period. On income, EEMO currently yields 1.64% against 1.01% for SPY.
Holdings Overlap
EEMO and SPY share 0 holdings out of 750 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, EEMO or SPY?
EEMO has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, EEMO or SPY?
Over the past year EEMO returned +27.80% vs +21.96% for SPY, so EEMO leads on 1-year performance. Over the longest common window we track (15 years), EEMO annualized +0.07% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, EEMO or SPY?
EEMO has been the more volatile fund at 21.7% annualized versus 15.3% for SPY. Worst drawdown: EEMO -60.5% vs SPY -56.5%.
Should I hold both EEMO and SPY?
EEMO and SPY have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EEMO and SPY?
EEMO and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 750 unique securities.
Which pays a higher dividend, EEMO or SPY?
EEMO yields 1.64% while SPY yields 1.01%, so EEMO currently pays the higher dividend yield.
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