- ISIN
- US4642864759
- CUSIP
- 464286475
- Issuer
- iShares
- Inception Date
- Aug 16, 2011
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Diversified
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Emerging Markets Small Cap Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $391M
Share Price Chart
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Performance
EEMS Performance Chart
iShares MSCI Emerging Markets Small-Cap ETF (EEMS) is up 16.1% since the beginning of the year. EEMS is currently trading at $78 per share. Investors who bought $1,000 worth of EEMS shares 5 years ago would now be looking at an investment worth $1,421.
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Returns By Period
iShares MSCI Emerging Markets Small-Cap ETF (EEMS) has returned 16.14% so far this year and 30.37% over the past 12 months. Over the last ten years, EEMS has returned 9.77% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares MSCI Emerging Markets Small-Cap ETF
- 1D
- -0.13%
- 1M
- 1.98%
- YTD
- 16.14%
- 6M
- 17.52%
- 1Y
- 30.37%
- 3Y*
- 17.04%
- 5Y*
- 7.28%
- 10Y*
- 9.77%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EEMS Monthly Returns History
Based on dividend-adjusted daily data since Aug 18, 2011, EEMS's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +14.8%, while the worst month was Mar 2020 at -21.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EEMS closed higher 53% of trading days. The best single day was Mar 17, 2020 with a return of +5.9%, while the worst single day was Mar 18, 2020 at -10.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.73% | 4.28% | -7.88% | 11.10% | 1.09% | 0.86% | 16.14% | ||||||
| 2025 | -2.68% | -1.64% | -0.07% | 2.82% | 7.28% | 6.43% | -1.23% | 3.58% | 2.37% | 1.53% | -0.80% | 1.14% | 19.78% |
| 2024 | -1.85% | 2.61% | 1.08% | 1.05% | 1.33% | 1.84% | 0.29% | 1.04% | 3.00% | -3.67% | -1.24% | -2.18% | 3.13% |
| 2023 | 7.09% | -3.60% | 1.08% | 1.16% | 0.70% | 5.06% | 6.49% | -2.03% | -2.33% | -4.73% | 9.32% | 3.85% | 23.09% |
| 2022 | -2.94% | -3.61% | 1.17% | -4.37% | -2.27% | -9.76% | 3.21% | 0.54% | -9.01% | 0.71% | 9.41% | -2.62% | -19.12% |
| 2021 | -0.13% | 6.62% | 2.24% | 4.38% | 2.25% | 2.78% | -0.80% | -0.27% | -2.24% | 0.81% | -2.11% | 3.64% | 18.12% |
Benchmark Metrics
iShares MSCI Emerging Markets Small-Cap ETF has an annualized alpha of -2.97%, beta of 0.76, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since August 18, 2011.
- This ETF participated in 99.64% of S&P 500 Index downside but only 70.47% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -2.97%
- Beta
- 0.76
- R²
- 0.48
- Upside Capture
- 70.47%
- Downside Capture
- 99.64%
Expense Ratio
EEMS has an expense ratio of 0.73%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EEMS ranks 52 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI Emerging Markets Small-Cap ETF (EEMS) 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.
| EEMS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 2.78 | +0.02 |
| Martin ratioReturn relative to average drawdown | 9.45 | 12.44 | -2.99 |
Dividends
Dividend History
iShares MSCI Emerging Markets Small-Cap ETF provided a 2.75% dividend yield over the last twelve months, with an annual payout of $2.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.14 | $2.08 | $1.51 | $1.56 | $0.43 | $2.14 | $1.13 | $1.20 | $1.28 | $1.31 | $1.02 | $0.95 |
Dividend yield | 2.75% | 3.09% | 2.60% | 2.69% | 0.89% | 3.56% | 2.14% | 2.64% | 3.06% | 2.47% | 2.51% | 2.33% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI Emerging Markets Small-Cap 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 | $0.48 | $0.48 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.66 | $2.08 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.26 | $1.51 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $1.56 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.43 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.76 | $2.14 |
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 Small-Cap 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 Small-Cap ETF was 48.89%, occurring on Mar 23, 2020. Recovery took 196 trading sessions.
The current iShares MSCI Emerging Markets Small-Cap ETF drawdown is 1.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -48.89%Mar 2020 | 2y 1mo | 9mo 12d | 2y 11moJan 2018 - Dec 2020 |
2016 bear market2016 | -28.65%Feb 2016 | 8mo 26d | 1y 6mo | 2y 3moMay 2015 - Aug 2017 |
Bear market2022 | -27.07%Oct 2022 | 11mo 3d | 1y 4mo | 2y 3moNov 2021 - Mar 2024 |
2011 bear market2011 | -21.19%Oct 2011 | 1mo 3d | 1y 2mo | 1y 4moSep 2011 - Dec 2012 |
2025 selloff2025 | -19.71%Apr 2025 | 6mo 10d | 2mo 2d | 8mo 12dSep 2024 - Jun 2025 |
Drawdown Indicators
| EEMS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.89% | -56.78% | +7.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -9.10% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -18.90% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | -25.43% | -1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -48.89% | -33.92% | -14.97% |
Current DrawdownCurrent decline from peak | -1.12% | -1.80% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -10.71% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.03% | +1.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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