- ISIN
- US46434G1031
- CUSIP
- 46434G103
- Issuer
- iShares
- Inception Date
- Oct 18, 2012
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Diversified
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Emerging Markets Investable Market Index (USD) (Net)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $154B
Share Price Chart
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Performance
IEMG Performance Chart
iShares Core MSCI Emerging Markets ETF (IEMG) is up 19.1% since the beginning of the year. IEMG is currently trading at $80 per share. Investors who bought $1,000 worth of IEMG shares 5 years ago would now be looking at an investment worth $1,364.
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Returns By Period
iShares Core MSCI Emerging Markets ETF (IEMG) has returned 19.07% so far this year and 39.90% over the past 12 months. Over the last ten years, IEMG has returned 9.89% per year, falling short of the S&P 500 Index benchmark, which averaged 13.42% annually.
iShares Core MSCI Emerging Markets ETF
- 1D
- 0.09%
- 1M
- -3.58%
- YTD
- 19.07%
- 6M
- 21.03%
- 1Y
- 39.90%
- 3Y*
- 20.55%
- 5Y*
- 6.41%
- 10Y*
- 9.89%
Benchmark (S&P 500 Index)
- 1D
- -0.26%
- 1M
- -0.17%
- YTD
- 7.91%
- 6M
- 7.98%
- 1Y
- 22.99%
- 3Y*
- 19.77%
- 5Y*
- 11.75%
- 10Y*
- 13.42%
IEMG Monthly Returns History
Based on dividend-adjusted daily data since Oct 24, 2012, IEMG's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +14.7%, while the worst month was Mar 2020 at -16.9%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IEMG closed higher 53% of trading days. The best single day was Mar 16, 2022 with a return of +7.5%, while the worst single day was Mar 16, 2020 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.94% | 5.79% | -9.13% | 12.53% | 6.34% | -4.11% | 19.07% | ||||||
| 2025 | 1.47% | 0.85% | 0.99% | 0.37% | 4.65% | 7.19% | 0.50% | 2.92% | 6.17% | 3.56% | -1.71% | 1.92% | 32.56% |
| 2024 | -4.21% | 3.90% | 2.50% | 0.10% | 1.82% | 2.77% | 0.77% | 0.96% | 5.42% | -3.12% | -2.36% | -1.77% | 6.50% |
| 2023 | 8.93% | -6.92% | 3.04% | -0.43% | -2.06% | 4.61% | 5.96% | -6.07% | -3.00% | -3.47% | 8.08% | 3.88% | 11.52% |
| 2022 | -0.47% | -3.94% | -2.94% | -5.94% | 0.61% | -5.60% | 0.00% | -1.22% | -11.31% | -1.47% | 14.66% | -2.49% | -19.98% |
| 2021 | 2.89% | 1.41% | -0.57% | 1.72% | 1.80% | 1.22% | -5.64% | 1.39% | -3.64% | 1.08% | -3.70% | 1.82% | -0.64% |
Benchmark Metrics
iShares Core MSCI Emerging Markets ETF has an annualized alpha of -3.73%, beta of 0.87, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since October 24, 2012.
- This ETF participated in 91.83% of S&P 500 Index downside but only 67.71% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -3.73% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.87 and R2 of 0.57, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -3.73%
- Beta
- 0.87
- R²
- 0.57
- Upside Capture
- 67.71%
- Downside Capture
- 91.83%
Expense Ratio
IEMG has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
IEMG ranks 69 for risk / return — better than 69% 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 Core MSCI Emerging Markets ETF (IEMG) and compare them to S&P 500 Index.
| IEMG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.54 | +0.50 |
| Martin ratioReturn relative to average drawdown | 11.34 | 11.58 | -0.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
iShares Core MSCI Emerging Markets ETF provided a 2.31% dividend yield over the last twelve months, with an annual payout of $1.85 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.85 | $1.85 | $1.67 | $1.46 | $1.26 | $1.83 | $1.16 | $1.69 | $1.30 | $1.33 | $0.97 | $0.99 |
Dividend yield | 2.31% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Core 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 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.14 | $1.85 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.16 | $1.67 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $1.46 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $1.26 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 | $1.83 |
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 Core 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 Core MSCI Emerging Markets ETF was 38.71%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current iShares Core MSCI Emerging Markets ETF drawdown is 6.92%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -38.71%Mar 2020 | 2y 1mo | 7mo 28d | 2y 9moJan 2018 - Nov 2020 |
Bear market2022 | -37.15%Oct 2022 | 1y 8mo | 2y 8mo | 4y 5moFeb 2021 - Jul 2025 |
2016 bear market2016 | -34.41%Jan 2016 | 1y 4mo | 1y 5mo | 2y 10moSep 2014 - Jul 2017 |
2013 correction2013 | -17.50%Jun 2013 | 5mo 22d | 11mo 21d | 1y 5moJan 2013 - Jun 2014 |
2026 correction2026 | -13.21%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
Drawdown Indicators
| IEMG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.71% | -56.78% | +18.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | -9.10% | -4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.21% | -18.90% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -35.75% | -25.43% | -10.32% |
Max Drawdown (10Y)Largest decline over 10 years | -38.71% | -33.92% | -4.79% |
Current DrawdownCurrent decline from peak | -6.92% | -2.93% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -12.96% | -10.72% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 1.99% | +1.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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