EMXC — iShares MSCI Emerging Markets ex China ETF

EMXC Price Performance — Growth of $10,000

Value of a $10,000 investment in EMXC 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.

EMXC Drawdown

The "underwater" chart: EMXC'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 ex China ETF (EMXC) is an iShares-managed fund with $24.9 billion in assets under management. It holds a B+ grade and ranks second among 10 peers in the Emerging Markets category, placing it 20th out of 458 tracked ETFs overall. Its 0.25% expense ratio sits below the category median of 0.29%, while its 1.96% dividend yield slightly exceeds the median of 1.91%. The fund’s top ten holdings account for 44.6% of assets, with Taiwan Semiconductor Manufacturing Company Limited representing the largest single position at 17.9%.

Price action has accelerated significantly over the longer term, with the fund posting a 1-year return of 62.37% and a 3-year return of 112.47%. This long-term strength contrasts with a more modest 1-day gain of 1.88%, though the 1-week return of 3.03% indicates recent positive momentum. The current price of $101.12 places the ETF at 85.9% of its 52-week range, reflecting its strong year-to-date performance of 36.68%. The B+ rating has remained unchanged across the last 35 tracked days, despite the fund having only 3.0 years of available price history.

With a beta of 1.22, the fund exhibits higher sensitivity to market movements than the broader index. Annualized volatility of 28.21% is classified as High, yet the Sharpe ratio of 2.03 suggests that risk-adjusted returns have been favorable. A maximum drawdown of -19.12% indicates the peak-to-trough decline experienced during the measurement period. Liquidity is supported by an average daily volume of 2,477,858 shares, although the bid/ask spread of 0.62% presents a moderate trading cost.

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

EMXC Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 44.6% 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 EMXC's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With EMXC

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EMXC's top 10 — IEMG overlaps most, holding 7 of the same companies as EMXC's top 10 (42.9% of EMXC'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: 4.78% (as of 2026-09-04) — 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): 15.30 (as of 2026-09-07) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 118.07 (as of 2026-09-04) — 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.

EMXC Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.62% and average daily volume is 2.5M/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 $24.9B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EMXC 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.

EMXC Performance History

How EMXC Compares to Other Emerging Markets ETFs