EEM — iShares MSCI Emerging Markets ETF

EEM Price Performance — Growth of $10,000

Value of a $10,000 investment in EEM over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

EEM Drawdown

The "underwater" chart: EEM's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares MSCI Emerging Markets ETF is an iShares-managed fund tracking the Emerging Markets category, where it ranks sixth among ten peers. With $31.1 billion in assets, it holds a B grade and an overall rank of 119 out of 458 tracked ETFs. Its 0.72% expense ratio exceeds the category median of 0.29%, while its 1.65% dividend yield trails the median of 2.34%. The fund’s top ten holdings represent 40.5% of assets, with Taiwan Semiconductor Manufacturing Company Limited as the largest single position at 14.3%.

The fund’s price of $67.37 sits at 78.7% of its 52-week range, reflecting a strong one-year return of 26.08% that outpaces the category median of 23.41%. This long-term momentum contrasts with recent weakness, as the fund dropped 2.12% over the past month despite a 12.05% gain in the prior six months. The B grade has remained unchanged across the last 35 tracked days, indicating stable assessment despite price fluctuations. Historical data is available for only 3.0 years, limiting the depth of long-term trend analysis.

With a beta of 1.00, the fund moves in lockstep with the broader market, accompanied by high annualized volatility of 25.51%. A Sharpe ratio of 0.83 suggests moderate risk-adjusted returns, while the maximum drawdown of -17.29% highlights significant downside potential during stress periods. High liquidity is evidenced by an average daily volume of 19,818,860 shares, facilitating easy entry and exit. The combination of high volatility and market-correlated beta defines the fund's historical behavior profile.

AI-generated summary based on the data on this page.

EEM Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 40.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how EEM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With EEM

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EEM's top 10 — IEMG overlaps most, holding 9 of the same companies as EEM's top 10 (40.5% of EEM's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.27% (as of 2026-10-06) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.01 (as of 2026-10-06) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 121.38 (as of 2026-10-02) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

EEM Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 19.8M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $31.1B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EEM is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

EEM Performance History

How EEM Compares to Other Emerging Markets ETFs