EEM vs. IEMG
Compare and contrast key facts about iShares MSCI Emerging Markets ETF (EEM) and iShares Core MSCI Emerging Markets ETF (IEMG).
EEM and IEMG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012. Both EEM and IEMG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EEM or IEMG.
Performance
EEM vs. IEMG - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with EEM having a 8.58% return and IEMG slightly lower at 8.35%. Over the past 10 years, EEM has underperformed IEMG with an annualized return of 2.43%, while IEMG has yielded a comparatively higher 3.32% annualized return.
EEM
8.58%
-4.91%
1.02%
12.34%
2.53%
2.43%
IEMG
8.35%
-4.77%
1.02%
12.58%
3.88%
3.32%
Key characteristics
| EEM | IEMG | |
|---|---|---|
| Sharpe Ratio | 0.75 | 0.79 |
| Sortino Ratio | 1.15 | 1.20 |
| Omega Ratio | 1.14 | 1.15 |
| Calmar Ratio | 0.38 | 0.47 |
| Martin Ratio | 3.48 | 3.79 |
| Ulcer Index | 3.34% | 3.14% |
| Daily Std Dev | 15.52% | 15.00% |
| Max Drawdown | -66.44% | -38.72% |
| Current Drawdown | -19.27% | -14.18% |
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EEM vs. IEMG - Expense Ratio Comparison
EEM has a 0.68% expense ratio, which is higher than IEMG's 0.14% expense ratio.
Correlation
The correlation between EEM and IEMG is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
EEM vs. IEMG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ETF (EEM) and iShares Core MSCI Emerging Markets ETF (IEMG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
EEM vs. IEMG - Dividend Comparison
EEM's dividend yield for the trailing twelve months is around 2.39%, less than IEMG's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEM iShares MSCI Emerging Markets ETF | 2.39% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% | 2.23% | 2.06% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.74% | 2.89% | 2.70% | 3.06% | 1.87% | 3.15% | 2.76% | 2.34% | 2.28% | 2.52% | 2.30% | 1.76% |
Drawdowns
EEM vs. IEMG - Drawdown Comparison
The maximum EEM drawdown since its inception was -66.44%, which is greater than IEMG's maximum drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for EEM and IEMG. For additional features, visit the drawdowns tool.
Volatility
EEM vs. IEMG - Volatility Comparison
iShares MSCI Emerging Markets ETF (EEM) and iShares Core MSCI Emerging Markets ETF (IEMG) have volatilities of 4.80% and 4.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.