- ISIN
- US4642882819
- CUSIP
- 464288281
- Issuer
- iShares
- Inception Date
- Dec 17, 2007
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- J.P. Morgan EMBI Global Core Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $14B
Share Price Chart
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Performance
EMB Performance Chart
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) is up 2.3% since the beginning of the year. EMB is currently trading at $96 per share. Investors who bought $1,000 worth of EMB shares 5 years ago would now be looking at an investment worth $1,099.
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Returns By Period
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has returned 2.33% so far this year and 11.30% over the past 12 months. Over the last ten years, EMB has returned 3.32% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares J.P. Morgan USD Emerging Markets Bond ETF
- 1D
- -0.34%
- 1M
- 1.72%
- YTD
- 2.33%
- 6M
- 2.30%
- 1Y
- 11.30%
- 3Y*
- 9.42%
- 5Y*
- 1.91%
- 10Y*
- 3.32%
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%
EMB Monthly Returns History
Based on dividend-adjusted daily data since Dec 19, 2007, EMB's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 65% of months were positive and 35% were negative. The best month was Dec 2008 with a return of +17.7%, while the worst month was Oct 2008 at -19.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, EMB closed higher 54% of trading days. The best single day was Oct 30, 2008 with a return of +6.7%, while the worst single day was Jan 6, 2009 at -10.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.31% | 1.63% | -3.49% | 2.49% | 1.09% | 0.39% | 2.33% | ||||||
| 2025 | 1.70% | 2.13% | -1.15% | -0.26% | 1.16% | 2.69% | 0.68% | 1.80% | 1.57% | 1.98% | 0.50% | 0.32% | 13.85% |
| 2024 | -1.21% | 0.78% | 2.00% | -2.41% | 2.60% | -0.23% | 2.67% | 2.27% | 2.01% | -2.44% | 1.83% | -2.23% | 5.54% |
| 2023 | 3.92% | -2.69% | 1.67% | 0.27% | -1.19% | 2.50% | 1.72% | -1.85% | -3.33% | -1.19% | 6.24% | 4.55% | 10.62% |
| 2022 | -3.37% | -5.53% | -1.10% | -6.67% | 0.81% | -6.15% | 3.60% | -2.71% | -6.58% | -0.16% | 10.08% | -1.36% | -18.63% |
| 2021 | -1.78% | -3.05% | -0.73% | 2.40% | 0.96% | 0.86% | 0.56% | 0.90% | -2.64% | 0.16% | -1.88% | 2.16% | -2.23% |
Benchmark Metrics
iShares J.P. Morgan USD Emerging Markets Bond ETF has an annualized alpha of 2.94%, beta of 0.21, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since December 19, 2007.
- This ETF participated in 45.65% of S&P 500 Index downside but only 39.07% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.21 may look defensive, but with R2 of 0.15 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.15 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.94%
- Beta
- 0.21
- R²
- 0.15
- Upside Capture
- 39.07%
- Downside Capture
- 45.65%
Expense Ratio
EMB has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMB ranks 62 for risk / return — better than 62% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) 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.
| EMB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.78 | -0.27 |
| Martin ratioReturn relative to average drawdown | 10.72 | 12.44 | -1.72 |
Dividends
Dividend History
iShares J.P. Morgan USD Emerging Markets Bond ETF provided a 5.03% dividend yield over the last twelve months, with an annual payout of $4.85 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.85 | $4.79 | $4.86 | $4.22 | $4.26 | $4.25 | $4.50 | $5.17 | $5.86 | $5.27 | $5.33 | $5.12 |
Dividend yield | 5.03% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares J.P. Morgan USD Emerging Markets Bond 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 | $0.41 | $0.40 | $0.46 | $0.41 | $0.41 | $2.09 | ||||||
| 2025 | $0.00 | $0.44 | $0.39 | $0.40 | $0.40 | $0.41 | $0.38 | $0.41 | $0.40 | $0.39 | $0.42 | $0.76 | $4.79 |
| 2024 | $0.00 | $0.37 | $0.39 | $0.37 | $0.36 | $0.36 | $0.38 | $0.39 | $0.37 | $0.39 | $0.42 | $1.07 | $4.86 |
| 2023 | $0.00 | $0.31 | $0.38 | $0.36 | $0.35 | $0.35 | $0.35 | $0.35 | $0.36 | $0.35 | $0.36 | $0.70 | $4.22 |
| 2022 | $0.00 | $0.37 | $0.36 | $0.38 | $0.36 | $0.33 | $0.36 | $0.35 | $0.31 | $0.37 | $0.38 | $0.68 | $4.26 |
| 2021 | $0.00 | $0.36 | $0.35 | $0.35 | $0.35 | $0.36 | $0.36 | $0.35 | $0.35 | $0.35 | $0.36 | $0.72 | $4.25 |
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 J.P. Morgan USD Emerging Markets Bond 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 J.P. Morgan USD Emerging Markets Bond ETF was 34.70%, occurring on Oct 28, 2008. Recovery took 182 trading sessions.
The current iShares J.P. Morgan USD Emerging Markets Bond ETF drawdown is 0.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -34.70%Oct 2008 | 5mo 9d | 8mo 26d | 1y 2moMay 2008 - Jul 2009 |
Bear market2022 | -28.74%Oct 2022 | 1y 1mo | 2y 9mo | 3y 11moSep 2021 - Aug 2025 |
COVID crash2020 | -26.55%Mar 2020 | 13d | 8mo | 8mo 13dMar 2020 - Nov 2020 |
2013 correction2013 | -14.48%Jun 2013 | 1mo 22d | 1y 14d | 1y 2moMay 2013 - Jul 2014 |
Rate-hike selloffLate 2018 | -8.92%Nov 2018 | 10mo 23d | 3mo 23d | 1y 2moJan 2018 - Mar 2019 |
Drawdown Indicators
| EMB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -56.78% | +22.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -9.10% | +4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -7.95% | -18.90% | +10.95% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | -25.43% | -3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | -33.92% | +5.18% |
Current DrawdownCurrent decline from peak | -0.34% | -1.80% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -10.71% | +5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 2.03% | -0.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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