EMB — iShares J.P. Morgan USD Emerging Markets Bond ETF

EMB Price Performance — Growth of $10,000

Value of a $10,000 investment in EMB 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.

EMB Drawdown

The "underwater" chart: EMB'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 J.P. Morgan USD Emerging Markets Bond ETF is an International Bonds fund issued by iShares with $12.9 billion in assets under management. It holds a C grade with a score of 56.6 out of 100, ranking third among eight similar funds and 282nd across all tracked categories. The fund charges an expense ratio of 0.39%, which is slightly above the category median of 0.37%. It offers a dividend yield of 5.44%, outperforming the category median of 5.06%. The top ten holdings represent only 7.5% of assets, with the largest position being BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES at 1.6%.

The fund has a price history available for 3.0 years, with its grade remaining unchanged at C over the last 35 tracked days. Current price sits at 13.4% of its 52-week range, indicating it is near the lower end of recent trading levels. Short-term performance shows a 1D decline of 0.19% and a 1W gain of 0.42%, while the 1M return is -3.32%. Over longer horizons, the 1Y return is +0.54%, which contrasts with the category median of -1.33%. The 3Y return stands at +31.12%, despite a YTD decline of -1.92% and a 6M loss of -2.01%.

With a beta of 1.10, the fund exhibits higher sensitivity to market movements than the broader market. Annualized volatility is 5.94%, which is labeled as Very Low, while the maximum drawdown has been -5.23%. The Sharpe ratio of -0.75 suggests that risk-adjusted returns have been negative relative to the risk taken. Liquidity is supported by an average daily volume of 6,737,212 shares. These metrics collectively describe a fund that has experienced negative risk-adjusted performance despite low volatility and high liquidity.

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

EMB Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 7.5% 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 EMB's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With EMB

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EMB's top 10 — EMHY overlaps most, holding 4 of the same companies as EMB's top 10 (6.0% of EMB'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.

High-Yield Credit Spread: 3.03% (as of 2026-10-06) — The extra yield investors demand to hold high-yield corporate bonds over Treasuries — a real-time gauge of credit risk appetite relevant to this fund’s holdings.

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.

EMB Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 6.7M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $12.9B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EMB 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.

EMB Performance History

How EMB Compares to Other International Bonds ETFs