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

iShares J.P. Morgan USD Emerging Markets Bond ETF is an international bond fund, issued by iShares, and falls under the category of International Bonds. With an overall rank of #271 out of 458 tracked ETFs, it is positioned in the middle of the pack. The fund has an expense ratio of 0.39%, which is relatively low, indicating efficient management. It also offers a dividend yield of 5.15%, providing a steady income stream for investors. The fund's assets under management (AUM) stand at $14.6B, suggesting a moderate level of investor adoption, as it is neither the sole nor the most popular fund in its category. The price of $94.72 reflects a balance between the fund's performance and its cost structure.

The performance of iShares J.P. Morgan USD Emerging Markets Bond ETF shows a mixed pattern across different time horizons. Over the past year, the fund has seen a return of +6.22%, which is relatively strong. However, over the past three years, the return of +30.15% indicates a more consistent and favorable performance. Notably, the fund's returns have been positive over the past year, but the 1-month return of +0.64% and the 1-week return of -0.35% suggest some short-term volatility. The 1-day return of +0.05% further supports this pattern, indicating that the fund's performance can be somewhat unpredictable on a daily basis.

The risk profile of iShares J.P. Morgan USD Emerging Markets Bond ETF is characterized by a volatility label of 'Very Low', which suggests that the fund's price movements are relatively stable compared to other emerging markets bond funds. However, the beta of 1.10 indicates a slightly higher sensitivity to market movements compared to the overall market, implying that the fund may experience more pronounced price fluctuations during market downturns. The Sharpe ratio of 0.21 suggests that the fund's returns are only modestly compensated for the risk taken, indicating a lower risk-adjusted return. Additionally, the maximum drawdown of -6.56% indicates that the fund has experienced a significant decline in value, but not as severe as some other funds in its category. Overall, these figures suggest that the fund offers a moderate level of risk with potentially higher returns in a bull market, but it may also experience greater volatility during market downturns.

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

EMB Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 6.6% 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 3 of the same companies as EMB's top 10 (4.6% 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: 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.

High-Yield Credit Spread: 2.75% (as of 2026-08-20) — 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: 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.

EMB Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 3.21% and average daily volume is 5.7M/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 $14.6B 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