The S&P Emerging Middle East & Africa fund is an exchange traded fund (ETF) within the SPDR family. This fund has 1 other fund which is extremely similar to it.

Within the SPDR family of funds, the most positively correlated other funds are MSCI Emerging Markets Quality Mix, S&P Emerging Markets Small Cap, MSCI EM Beyond BRIC, S&P Emerging Markets, MSCI Canada Quality Mix.

Outside of the SPDR family, the most positively correlated other funds are iShares - MSCI South Africa ETF, iShares - MSCI Singapore ETF, PowerShares - FTSE RAFI Asia Pacific ex-Japan Portfolio, PowerShares - Global Agriculture Portfolio, iShares - Interest Rate Hedged High Yield Bond ETF.

Extremely Similar Fund

There is one fund which has a greater than 99% correlation to SPDR's S&P Emerging Middle East & Africa fund: iShares - MSCI South Africa ETF. The correlation between their daily movements is 99.2%.

Performance for the previous 2 years


Positively Correlated SPDR ETFs
QEMM SPDR MSCI Emerging Markets Quality Mix 96.9%
EWX SPDR S&P Emerging Markets Small Cap 93.5%
EMBB SPDR MSCI EM Beyond BRIC 93.3%
GMM SPDR S&P Emerging Markets 92.4%
QCAN SPDR MSCI Canada Quality Mix 90.9%
Negatively Correlated SPDR funds
KME SPDR S&P Mortgage Finance -51.0%
SYG SPDR MFS Systematic Growth Equity -40.0%
ULST SPDR SSGA Ultra Short Term Bond -35.4%
SYE SPDR MFS Systematic Core Equity -34.8%
SST SPDR Barclays Short Term Treasury -33.8%

Positively Correlated Non-SPDR funds
EZA iShares MSCI South Africa ETF 99.2%
EWS iShares MSCI Singapore ETF 95.6%
PAF PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio 95.4%
PAGG PowerShares Global Agriculture Portfolio 94.8%
HYGH iShares Interest Rate Hedged High Yield Bond ETF 94.7%
Negatively Correlated Non-SPDR funds
IBMI iShares iBonds® Sep 2020 AMT-Free Muni Bond ETF -80.6%
IBMH iShares iBonds® Sep 2019 AMT-Free Muni Bond ETF -70.9%
IBDF iShares iBonds® Dec 2016 Corporate ETF -68.4%
IBDH iShares iBonds® Dec 2018 Corporate ETF -64.7%
NEAR iShares Short Maturity Bond ETF -56.0%

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