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 (EEM) is a fund that tracks the performance of emerging markets, issued by iShares. It is ranked #100 among 458 tracked ETFs across all categories, indicating a moderate position in the overall market. The fund has an expense ratio of 0.72%, which is relatively low, and a dividend yield of 1.14%, providing a modest income stream for investors. With an asset under management (AUM) of $29.2B, EEM is one of the larger funds in its category, suggesting significant investor adoption and liquidity. The price of $67.12 reflects the fund's market value and its position in the market relative to its AUM, indicating a balance between value and liquidity.

Over the past year, the iShares MSCI Emerging Markets ETF (EEM) has shown a strong performance with a return of 37.56%, outpacing the 1-year return of its closest peer, EMXC, by 21.81 percentage points. The fund's returns have been consistent across different time horizons, with a 1-month return of 3.90%, a 1-year return of 37.56%, and a 3-year return of 83.47%. The returns have shown a steady upward trend, with the 1-year return being the highest, indicating a strong performance in the recent past. The 3-month return of 2.18% and the 6-month return of 8.23% suggest a moderate acceleration in the fund's performance over the last half-year.

The iShares MSCI Emerging Markets ETF (EEM) is labeled as having high volatility, which is reflected in its beta of 1.04, indicating that it is slightly more volatile than the market. However, the Sharpe ratio of 1.31 suggests that the fund provides a good risk-adjusted return, meaning that the returns are commensurate with the level of risk taken. The maximum drawdown of -17.29% indicates that the fund has experienced a significant decline in value, which is typical for emerging markets due to their higher risk and potential for greater volatility. Overall, the combination of high volatility, a moderate beta, a strong Sharpe ratio, and a significant drawdown suggests that EEM is a fund that is suitable for investors who are willing to accept higher risk for the potential of higher returns, but it may not be ideal for those seeking a more stable investment.

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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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: 3.63% (as of 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 118.90 (as of 2026-08-14) — 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: Quoted bid/ask spread is 0.04% and average daily volume is 26.2M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $29.2B 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