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

The iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) operates within the International Bonds category, which currently contains 8 ETFs tracked by ETFValuer. Issued by iShares, this fund manages $14.6 billion in assets and trades at a price of $95.19. It holds an overall rank of #242 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of C with a score of 60.4 out of 100. The fund carries an expense ratio of 0.39% while offering a dividend yield of 5.02%. The substantial asset under management figure suggests significant investor adoption relative to the limited selection of peers in its specific category. This combination of a mid-tier ranking and a high yield profile defines its current market position among international bond instruments.

Over the last trading day, the fund posted a gain of +0.24% before slipping -0.20% over the subsequent week. Monthly performance showed a decline of -0.99%, though the three-month horizon recovered to a positive return of +0.39%. The six-month trend accelerated further to +0.90%, contributing to a year-to-date gain of +1.45%. The one-year return reached +8.03%, while the three-year cumulative return stands at +29.18%. This trajectory indicates a divergence where short-term fluctuations were negative, but longer-term horizons have demonstrated consistent positive accumulation. The data reflects a pattern where recent monthly weakness was offset by stronger performance over the trailing year and three-year periods.

The fund is assigned a Very Low volatility label despite registering a beta of 1.08 relative to its benchmark. A Sharpe ratio of 0.54 suggests the fund has generated moderate risk-adjusted returns over the measured period. The maximum drawdown recorded was -7.95%, indicating the largest peak-to-trough decline experienced by the asset. This combination of low volatility classification and a beta slightly above 1.00 implies the fund moves in tandem with the market but with dampened amplitude in price swings. The Sharpe ratio and maximum drawdown figures together characterize a profile where returns have been generated with a controlled level of downside excursion relative to the total return achieved.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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.

High-Yield Credit Spread: 2.81% (as of 2026-07-27) — 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: 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.

EMB Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.30% and average daily volume is 6.3M/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 $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