State Street SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) is a multi-factor ETF. As of October 9, 2026, ETF Copilot scores QEMM 5.2 out of 10 — highest on Growth (7.2), lowest on Value (2.3). It trades at 14.4 times earnings, against its own median of 13.1. Its ten largest holdings are 24% of the fund.
What stands out in QEMM's data
Owns a focused strategy across emerging markets, drawing on multiple factors.
Priced cheaper than the typical multi-factor EM fund — you pay less for the same earnings stream.
Its EBITDA multiple of 10.1x sits below the peer median of 13.5x, and return on capital of 26.6% runs above average.
A niche sleeve for portfolios that want a factor-based tilt beyond plain emerging-market exposure.
How is QEMM rated? ETF Copilot scores State Street SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) 5.2 out of 10
As of October 9, 2026, ETF Copilot scores State Street SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) 5.2 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.2 / 10
- Growth: 7.2 / 10
- Value: 2.3 / 10
- Risk: 6.0 / 10
- Quality: 6.4 / 10
- Return: 3.9 / 10
Is QEMM expensive right now? It trades at 14.4 times earnings, against its own median of 13.1
As of October 9, 2026, QEMM is more expensive than 71% of its own 115 monthly readings since 2017 — 82 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside QEMM? 37% Tech
What's inside QEMM: Size (Large 64%, Mid 34%, Small 2%); Geography (International 100%, US 0%); Tech 36.8%; AI 2.4%; Semiconductors 17.1%; Memory 9.4%.
What are QEMM's top holdings? The ten largest are 24% of the fund
More concentrated than 58% of Multi-factor ETFs.
Half of QEMM's weight sits in its 60 largest positions, and once those weights are taken into account it behaves like 86 equally weighted holdings.
What is QEMM's expense ratio? 0.30% a year
As of October 9, 2026, QEMM charges 0.30% a year, yields 4.39% and holds $60M in assets across 801 positions.
| Measure | QEMM |
|---|---|
| Expense ratio | 0.30% |
| Dividend yield | 4.39% |
| Assets under management | $60M |
| Holdings | 801 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “State Street SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/qemm
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