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 (Ticker: IEMG) is a fund that tracks the performance of the MSCI Emerging Markets Index, making it a key player in the category of 10 ETFs tracked by ETFValuer. Issued by iShares, IEMG is positioned at the 25th rank among 458 tracked ETFs, indicating a solid standing in the broader market. With an expense ratio of 0.09%, the fund is relatively cost-effective, and its dividend yield of 1.43% provides a modest income stream for investors. The fund's $152B in assets under management (AUM) suggests significant investor adoption, as does its price of $81.57, reflecting a substantial investment opportunity for those interested in emerging markets.

Over the past year, IEMG has delivered a strong return of 35.23%, with a more modest 19.17% year-to-date (YTD) performance. The fund's 1-month return of 3.98% and 1-week return of 0.47% indicate a steady but not particularly volatile short-term performance. In the longer term, the 3-year return of 81.14% suggests a consistent upward trend, with the 6-month return of 7.57% showing a slight deceleration from the 3-month return of 2.04%. This pattern of performance indicates a mix of short-term stability and long-term growth, with the 1-day return of +0.64% reflecting a relatively stable daily performance.

IEMG is categorized as having a high volatility label, which is reflected in its beta of 1.02, indicating that the fund's price is moderately sensitive to market movements. The Sharpe ratio of 1.26 suggests that the fund provides a good risk-adjusted return, meaning that the excess return per unit of deviation in the fund's returns is relatively high. However, the maximum drawdown of -17.21% highlights the potential for significant losses during market downturns. This combination of high volatility, a moderate beta, a strong Sharpe ratio, and a notable drawdown implies that IEMG is suitable for investors who are willing to accept higher risk for the potential of higher returns, particularly in a market environment where emerging markets are expected to perform well.

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: 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.

IEMG Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.14% and average daily volume is 13.1M/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 $152B 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