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 Emerging Markets fund issued by iShares that tracks 10 other ETFs within its specific category. With assets under management totaling $161 billion and a current share price of $74.15, the fund demonstrates significant investor adoption relative to its peers. It holds an overall rank of #69 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of B with a score of 72.7 out of 100. The fund offers a low-cost structure with an expense ratio of 0.09% while providing a dividend yield of 1.53%. These metrics position IEMG as a substantial, cost-efficient vehicle for exposure to the emerging markets sector. The combination of high assets and a mid-tier rank suggests broad institutional and retail interest in this specific investment strategy.

Short-term performance for IEMG shows negative momentum, with returns of -2.18% over one day, -6.10% over one week, and -9.26% over one month. The fund recovered slightly over the next quarter with a 3-month return of -3.27% and posted a modest gain of +1.08% over six months. Year-to-date performance has turned positive at +8.33%, indicating a shift in trend during the current calendar year. Long-term results show strong growth, with a 1-year return of +24.60% and a 3-year return of +60.10%. This pattern illustrates a divergence where recent short-term declines contrast sharply with robust multi-year gains. The data suggests the fund experienced a period of volatility before accelerating into positive territory over the longer horizons.

IEMG carries a High volatility label and a beta of 1.01, indicating that the fund's price movements tend to align closely with the broader market while experiencing significant fluctuations. A Sharpe ratio of 0.84 suggests the fund has generated a moderate amount of risk-adjusted return relative to its volatility. The maximum drawdown of -17.21% highlights the potential for substantial temporary losses during market downturns. This combination of figures implies that while the fund participates fully in market movements, it subjects investors to considerable price swings. The high volatility and beta suggest the fund will likely amplify market moves, whereas the Sharpe ratio indicates that the returns have historically compensated investors for this level of risk to a moderate degree.

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: 4.61% (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.

IEMG Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.53% and average daily volume is 13.3M/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 $161B 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