IEMG — iShares Core MSCI Emerging Markets ETF

IEMG Price Performance — Growth of $10,000

Value of a $10,000 investment in IEMG 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.

IEMG Drawdown

The "underwater" chart: IEMG'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 Core MSCI Emerging Markets ETF (IEMG) is an iShares-managed fund tracking the Emerging Markets category, where it ranks second among ten peers. With $160 billion in assets, it holds a B+ grade and an overall rank of 28 out of 458 tracked ETFs. Its 0.09% expense ratio sits well below the category median of 0.29%, while its 2.19% dividend yield trails the median of 2.34%. The fund’s top ten holdings comprise 38.6% of assets, with Taiwan Semiconductor Manufacturing Company Limited representing the largest single position at 12.5%.

IEMG has delivered a 1-year return of 25.18%, outperforming the category median of 23.41%, though this contrasts with a 1-month decline of 1.98%. The fund’s price of $82.04 places it at 80.2% of its 52-week range, reflecting a strong year-to-date gain of 19.85%. Despite recent short-term volatility, the 3-year return stands at 88.15%, indicating sustained long-term growth. The ETFValuer grade of B+ has remained unchanged over the last 35 tracked days, and price history is available for 3.0 years.

The fund exhibits a beta of 1.00, moving in lockstep with the broader market, and carries a high annualized volatility of 24.71%. A Sharpe ratio of 0.82 suggests moderate risk-adjusted returns, while the maximum drawdown of -17.21% highlights the potential for significant interim losses. Liquidity is robust, with an average daily volume of 11,133,898 shares facilitating easy entry and exit. These metrics collectively describe a fund that mirrors market movements with high amplitude but maintains substantial trading depth.

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

IEMG Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 38.6% 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 IEMG's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With IEMG

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IEMG's top 10 — EEM overlaps most, holding 9 of the same companies as IEMG's top 10 (38.6% of IEMG'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.

IEMG Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 11.1M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $160B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: IEMG 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.

IEMG Performance History

How IEMG Compares to Other Emerging Markets ETFs