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) operates within the Emerging Markets category, which currently contains 10 ETFs tracked by ETFValuer. Issued by iShares, this fund has accumulated assets under management of $26.1 billion and trades at a price of $86.86. It holds an overall rank of #32 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of B+ with a score of 77.0. The fund carries an expense ratio of 0.25% and offers a dividend yield of 1.88%. The substantial asset size and high ranking suggest significant investor adoption relative to other funds in the sector. These metrics position the ETF as a widely held vehicle for accessing emerging markets excluding China.

Recent price action shows a sharp decline over the last day at -2.88% and a steeper drop of -8.19% over the past week. This short-term weakness extends into the one-month period with a return of -13.54%, followed by a slight recovery to -2.50% over three months. The trend shifts to positive territory over longer horizons, with the fund posting a 6-month return of +7.20% and a year-to-date gain of +17.41%. Annual performance has accelerated significantly, reaching +40.79% over the last year. Over a three-year period, the fund has delivered a cumulative return of +78.98%. This pattern indicates a divergence where recent short-term volatility contrasts with strong multi-year growth.

The fund is assigned a High volatility label and exhibits a beta of 1.19, indicating price movements that are more sensitive than the broader market. A Sharpe ratio of 1.32 suggests the fund has generated a favorable risk-adjusted return relative to its volatility. However, the maximum drawdown of -19.12% highlights the potential for significant temporary losses during market downturns. The combination of a beta above 1.0 and a high volatility rating implies the fund tends to amplify market swings in both directions. Despite these risks, the positive Sharpe ratio indicates that the returns have historically compensated investors adequately for the level of risk taken. The data presents a profile of an aggressive growth vehicle with substantial upside potential alongside notable downside exposure.

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: 4.61% (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.

EMXC Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.69% and average daily volume is 2.8M/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 $26.1B 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