- ISIN
- US46434G7640
- CUSIP
- 46434G764
- Issuer
- iShares
- Inception Date
- Jul 19, 2017
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Emerging Markets ex China Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $26B
Share Price Chart
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Performance
EMXC Performance Chart
iShares MSCI Emerging Markets ex China ETF (EMXC) is up 40.6% since the beginning of the year. EMXC is currently trading at $102 per share. Investors who bought $1,000 worth of EMXC shares 5 years ago would now be looking at an investment worth $1,829.
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Returns By Period
iShares MSCI Emerging Markets ex China ETF (EMXC) has returned 40.62% so far this year and 66.74% over the past 12 months.
iShares MSCI Emerging Markets ex China ETF
- 1D
- 1.67%
- 1M
- 2.21%
- YTD
- 40.62%
- 6M
- 42.05%
- 1Y
- 66.74%
- 3Y*
- 28.32%
- 5Y*
- 12.83%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.01%
- 1M
- -2.15%
- YTD
- 7.48%
- 6M
- 6.14%
- 1Y
- 20.77%
- 3Y*
- 19.34%
- 5Y*
- 11.44%
- 10Y*
- 13.91%
EMXC Monthly Returns History
Based on dividend-adjusted daily data since Jul 26, 2017, EMXC's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2026 with a return of +15.8%, while the worst month was Mar 2020 at -20.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EMXC closed higher 51% of trading days. The best single day was Mar 13, 2020 with a return of +8.0%, while the worst single day was Mar 16, 2020 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.82% | 9.85% | -10.29% | 15.75% | 10.97% | 1.15% | 40.62% | ||||||
| 2025 | 1.75% | -3.26% | 0.93% | 3.00% | 4.41% | 7.84% | -0.51% | 1.03% | 6.37% | 7.02% | -1.48% | 4.05% | 35.14% |
| 2024 | -2.44% | 3.29% | 3.10% | -2.00% | 0.85% | 4.93% | 1.72% | 0.73% | 0.74% | -3.62% | -1.92% | -2.35% | 2.68% |
| 2023 | 7.16% | -5.56% | 2.69% | 1.16% | 0.86% | 4.03% | 4.00% | -5.16% | -2.81% | -3.25% | 9.69% | 6.01% | 18.96% |
| 2022 | -0.02% | -3.23% | -0.82% | -6.33% | -0.13% | -11.41% | 4.69% | -1.52% | -10.07% | 4.72% | 9.90% | -5.21% | -19.56% |
| 2021 | 0.33% | 1.58% | 2.61% | 1.61% | 2.98% | 0.67% | -2.00% | 2.90% | -3.59% | 0.25% | -2.94% | 4.17% | 8.54% |
Benchmark Metrics
iShares MSCI Emerging Markets ex China ETF has an annualized alpha of 0.99%, beta of 0.80, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since July 26, 2017.
- This ETF participated in 87.66% of S&P 500 Index downside but only 80.83% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.99%
- Beta
- 0.80
- R²
- 0.56
- Upside Capture
- 80.83%
- Downside Capture
- 87.66%
Expense Ratio
EMXC has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMXC ranks 88 for risk / return — in the top 88% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China ETF (EMXC) 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.
| EMXC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.30 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 2.29 | +2.36 |
| Martin ratioReturn relative to average drawdown | 17.66 | 10.09 | +7.57 |
Dividends
Dividend History
iShares MSCI Emerging Markets ex China ETF provided a 1.89% dividend yield over the last twelve months, with an annual payout of $1.92 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.92 | $2.05 | $1.49 | $1.01 | $1.35 | $1.08 | $0.83 | $1.67 | $1.20 | $0.53 |
Dividend yield | 1.89% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI Emerging Markets ex China 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 | $0.59 | $0.59 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.34 | $2.05 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $1.49 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $1.01 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $1.35 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $1.08 |
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 ex China 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 ex China ETF was 42.81%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current iShares MSCI Emerging Markets ex China ETF drawdown is 4.59%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -42.81%Mar 2020 | 2y 1mo | 8mo 16d | 2y 10moJan 2018 - Dec 2020 |
Bear market2022 | -28.91%Sep 2022 | 8mo 20d | 1y 9mo | 2y 5moJan 2022 - Jul 2024 |
2025 selloff2025 | -19.12%Apr 2025 | 6mo 13d | 2mo 4d | 8mo 17dSep 2024 - Jun 2025 |
2026 correction2026 | -14.41%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2026 pullback2026 | -9.75%Jun 2026 | 2d | 13d | 15dJun 2026 - Jun 2026 |
Drawdown Indicators
| EMXC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -56.78% | +13.97% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -9.10% | -5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.12% | -18.90% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -28.91% | -25.43% | -3.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.59% | -3.32% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -10.71% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 2.06% | +1.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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