- ISIN
- US4642872349
- CUSIP
- 464287234
- Issuer
- iShares
- Inception Date
- Apr 7, 2003
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Emerging Markets Index (Net)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $28B
Highlights
- Avg. Volume (1M)
- 25M
- Avg. Volume Value (1M)
- $1.59B
Share Price Chart
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Performance
EEM Performance Chart
iShares MSCI Emerging Markets ETF (EEM) is up 16.8% since the beginning of the year. EEM is currently trading at $64 per share. Investors who bought $1,000 worth of EEM shares 5 years ago would now be looking at an investment worth $1,386.
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Returns By Period
iShares MSCI Emerging Markets ETF (EEM) has returned 16.83% so far this year and 32.75% over the past 12 months. Over the last ten years, EEM has returned 8.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.10% annually.
iShares MSCI Emerging Markets ETF
- 1D
- 4.13%
- 1M
- -7.05%
- 6M
- 5.76%
- YTD
- 16.83%
- 1Y
- 32.75%
- 3Y*
- 17.64%
- 5Y*
- 6.75%
- 10Y*
- 8.16%
- ALL TIME*
- 9.84%
Benchmark (S&P 500 Index)
- 1D
- 1.66%
- 1M
- -0.82%
- 6M
- 6.72%
- YTD
- 8.65%
- 1Y
- 16.89%
- 3Y*
- 17.46%
- 5Y*
- 11.09%
- 10Y*
- 13.10%
- ALL TIME*
- 8.07%
EEM Monthly Returns History
Based on dividend-adjusted daily data since Apr 14, 2003, EEM's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 57% of months were positive and 43% were negative. The best month was Mar 2009 with a return of +16.9%, while the worst month was Oct 2008 at -25.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EEM closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +22.8%, while the worst single day was Oct 15, 2008 at -16.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.02% | 5.89% | -9.25% | 12.68% | 7.20% | 0.24% | -7.05% | 16.83% | |||||
| 2025 | 2.15% | 1.15% | 1.13% | 0.14% | 4.02% | 7.00% | 0.66% | 2.68% | 7.10% | 3.56% | -1.77% | 2.16% | 33.98% |
| 2024 | -4.53% | 4.17% | 2.73% | -0.22% | 1.95% | 2.62% | 0.85% | 0.98% | 5.74% | -3.07% | -2.68% | -1.70% | 6.49% |
| 2023 | 9.13% | -7.57% | 3.22% | -0.84% | -2.40% | 4.40% | 6.04% | -6.63% | -3.11% | -3.29% | 7.79% | 3.57% | 8.95% |
| 2022 | -0.02% | -4.32% | -3.38% | -6.14% | 0.61% | -5.16% | -0.35% | -1.33% | -11.54% | -1.98% | 15.59% | -2.64% | -20.56% |
| 2021 | 3.17% | 0.79% | -0.73% | 1.20% | 1.65% | 0.95% | -6.44% | 1.57% | -3.87% | 1.07% | -4.08% | 1.51% | -3.63% |
Benchmark Metrics
iShares MSCI Emerging Markets ETF has an annualized alpha of 0.06%, beta of 1.19, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since April 14, 2003.
- This ETF captured 108.49% of S&P 500 Index gains and 107.96% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- 0.06%
- Beta
- 1.19
- R²
- 0.66
- Upside Capture
- 108.49%
- Downside Capture
- 107.96%
Expense Ratio
EEM has an expense ratio of 0.72%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EEM ranks 62 for risk / return — above 62% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares MSCI Emerging Markets ETF (EEM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EEM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.86 | +0.45 |
| Martin ratioReturn relative to average drawdown | 7.17 | 7.90 | -0.74 |
Dividends
Dividend History
iShares MSCI Emerging Markets ETF provided a 1.75% dividend yield over the last twelve months, with an annual payout of $1.11 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.11 | $1.21 | $1.02 | $1.06 | $0.95 | $0.97 | $0.75 | $1.24 | $0.87 | $0.89 | $0.66 | $0.80 |
Dividend yield | 1.75% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI Emerging Markets ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.00 | $0.35 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $1.21 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $1.02 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $1.06 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.95 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $0.97 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI Emerging Markets ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI Emerging Markets ETF was 66.43%, occurring on Nov 20, 2008. Recovery took 2220 trading sessions.
The current iShares MSCI Emerging Markets ETF drawdown is 10.70%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-66.43%Nov 2008 | 1y 20d | 8y 10mo | 9y 10moNov 2007 - Sep 2017 | Financial crisis2007–2009 |
-39.82%Oct 2022 | 1y 8mo | 2y 10mo | 4y 7moFeb 2021 - Sep 2025 | Bear market2022 |
-38.20%Mar 2020 | 2y 1mo | 8mo 6d | 2y 10moJan 2018 - Nov 2020 | COVID crash2020 |
-26.24%Jun 2006 | 1mo 4d | 5mo 24d | 6mo 28dMay 2006 - Dec 2006 | — |
-21.38%May 2004 | 1mo 4d | 5mo 21d | 6mo 25dApr 2004 - Nov 2004 | — |
Drawdown Indicators
| EEM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.43% | -56.78% | -9.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.24% | -9.10% | -5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -18.90% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -35.01% | -25.43% | -9.58% |
Max Drawdown (10Y)Largest decline over 10 years | -39.82% | -33.92% | -5.90% |
Current DrawdownCurrent decline from peak | -10.70% | -2.26% | -8.44% |
Average DrawdownAverage peak-to-trough decline | -15.96% | -10.70% | -5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 2.14% | +2.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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