EEM — iShares MSCI Emerging Markets ETF

EEM Price Performance — Growth of $10,000

Value of a $10,000 investment in EEM 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.

EEM Drawdown

The "underwater" chart: EEM'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 ETF (EEM) is an Emerging Markets fund issued by iShares with $30.3 billion in assets under management. It holds an overall rank of #144 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 66.9 out of 100. The fund charges an expense ratio of 0.72% and currently offers a dividend yield of 1.22%. Trading at a price of $61.07, the substantial asset size suggests significant investor adoption within the category. This category contains 10 ETFs tracked by ETFValuer, placing EEM as a major participant among its peers. The combination of high assets and a mid-tier grade reflects a fund that is widely held but faces competitive pressure on cost and performance metrics.

Recent price action shows a sharp decline over the last day at -2.07% and a deeper drop of -6.03% over the past week. The one-month return extends this negative trend to -9.43%, while the three-month period shows a partial recovery to -2.54%. A turnaround is evident in the six-month horizon where returns turned positive at +1.74%, followed by a year-to-date gain of +9.15%. The one-year return accelerated significantly to +26.61%, and the three-year return demonstrates strong long-term growth at +61.59%. This pattern indicates a divergence where short-term volatility has been negative, but longer-term horizons have captured substantial gains.

The fund carries a High volatility label and a beta of 1.03, indicating that its price movements tend to be slightly more pronounced than the broader market. A Sharpe ratio of 0.90 suggests the fund has generated a moderate amount of excess return relative to the risk taken over the measured period. The maximum drawdown of -17.29% highlights the potential for significant temporary losses during market downturns. This combination of high volatility and a beta above 1.0 implies the fund amplifies market swings, while the Sharpe ratio shows that despite these risks, the historical returns have compensated investors to a reasonable degree. The max drawdown figure serves as a specific measure of the worst-case scenario experienced by investors holding the fund.

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

EEM Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 40.5% 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 EEM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With EEM

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EEM's top 10 — IEMG overlaps most, holding 9 of the same companies as EEM's top 10 (40.5% of EEM'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: 4.61% (as of 2026-07-28) — 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): 18.21 (as of 2026-07-28) — 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 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 120.71 (as of 2026-07-24) — 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.

EEM Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.48% and average daily volume is 28.3M/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 $30.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EEM 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.

EEM Performance History

How EEM Compares to Other Emerging Markets ETFs