EEMA vs. SOXX

Last updated Jul 14, 2026

EEMA (iShares MSCI Emerging Markets Asia ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - EEMA is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, EEMA returned 9.49%/yr vs 34.00%/yr for SOXX. A 0.62 correlation means they provide meaningful diversification when combined. EEMA charges 0.50%/yr vs 0.34%/yr for SOXX.

Performance

EEMA vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Asia ETF (EEMA) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EEMA achieves a 18.98% return, which is significantly lower than SOXX's 84.03% return. Over the past 10 years, EEMA has underperformed SOXX with an annualized return of 9.49%, while SOXX has yielded a comparatively higher 34.00% annualized return.

EEMA

• 1D: -3.06%
• 1M: -3.81%
• 6M: 12.59%
• YTD: 18.98%
• 1Y: 36.78%
• 3Y*: 19.74%
• 5Y*: 6.29%
• 10Y*: 9.49%

SOXX

• 1D: -4.77%
• 1M: -7.11%
• 6M: 67.77%
• YTD: 84.03%
• 1Y: 125.94%
• 3Y*: 48.43%
• 5Y*: 31.11%
• 10Y*: 34.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EEMA vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EEMA iShares MSCI Emerging Markets Asia ETF	18.98%	33.27%	10.23%	6.57%	-21.49%	-4.22%	25.17%	18.60%	-15.76%	43.41%
SOXX iShares Semiconductor ETF	84.03%	40.74%	12.92%	67.12%	-35.09%	44.09%	52.72%	62.42%	-6.49%	39.79%

Correlation

The correlation between EEMA and SOXX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Feb 9, 2012	0.62

The correlation between EEMA and SOXX shifts across timeframes, from 0.62 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.

EEMA vs. SOXX - Sectors Allocation Comparison

Sectors	EEMA	SOXX
Technology	43.4%	100.0%
Financial Services	15.3%	-
Consumer Cyclical	10.4%	-
Industrials	8.4%	-
Communication Services	6.6%	-
Basic Materials	4.4%	-
Healthcare	3.5%	-
Energy	2.8%	-
Consumer Defensive	2.6%	-
Utilities	1.7%	-
Real Estate	0.9%	-

Return for Risk

EEMA vs. SOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EEMA

EEMA Risk / Return Rank: 61
EEMA Sharpe Ratio Rank: 60
EEMA Sortino Ratio Rank: 56
EEMA Omega Ratio Rank: 63
EEMA Calmar Ratio Rank: 65
EEMA Martin Ratio Rank: 63

SOXX

SOXX Risk / Return Rank: 93
SOXX Sharpe Ratio Rank: 95
SOXX Sortino Ratio Rank: 88
SOXX Omega Ratio Rank: 89
SOXX Calmar Ratio Rank: 97
SOXX Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EEMA vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Asia ETF (EEMA) and iShares Semiconductor ETF (SOXX). 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.

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.

	EEMA	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	3.01	-1.42
Sortino ratio: Return per unit of downside risk	2.14	3.18	-1.05
Omega ratio: Gain probability vs. loss probability	1.30	1.44	-0.15
Calmar ratio: Return relative to maximum drawdown	2.58	8.03	-5.45
Martin ratio: Return relative to average drawdown	8.89	25.14	-16.24

EEMA vs. SOXX - Sharpe Ratio Comparison

The current EEMA Sharpe Ratio is 1.60, which is lower than the SOXX Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of EEMA and SOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EEMA vs. SOXX - Drawdown Comparison

The maximum EEMA drawdown since its inception was -44.18%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for EEMA and SOXX.

Drawdown Indicators

	EEMA	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-44.18%	-70.21%	+26.03%
Max Drawdown (1Y) Largest decline over 1 year	-14.30%	-15.77%	+1.47%
Max Drawdown (3Y) Largest decline over 3 years	-20.23%	-41.36%	+21.13%
Max Drawdown (5Y) Largest decline over 5 years	-38.81%	-45.75%	+6.94%
Max Drawdown (10Y) Largest decline over 10 years	-44.18%	-45.75%	+1.57%
Current Drawdown Current decline from peak	-8.21%	-15.48%	+7.27%
Average Drawdown Average peak-to-trough decline	-13.90%	-19.92%	+6.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	5.03%	-0.88%

Volatility

EEMA vs. SOXX - Volatility Comparison

The current volatility for iShares MSCI Emerging Markets Asia ETF (EEMA) is 10.02%, while iShares Semiconductor ETF (SOXX) has a volatility of 22.50%. This indicates that EEMA experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEMA	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.02%	22.50%	-12.48%
Volatility (6M) Calculated over the trailing 6-month period	20.70%	36.44%	-15.74%
Volatility (1Y) Calculated over the trailing 1-year period	23.20%	42.11%	-18.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.98%	37.77%	-16.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.05%	34.27%	-13.22%

EEMA vs. SOXX - Expense Ratio Comparison

EEMA has a 0.50% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

EEMA vs. SOXX - Dividend Comparison

EEMA's dividend yield for the trailing twelve months is around 1.38%, more than SOXX's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEMA iShares MSCI Emerging Markets Asia ETF	1.38%	1.48%	1.74%	2.02%	1.78%	2.19%	1.15%	1.86%	2.17%	1.74%	1.74%	2.44%
SOXX iShares Semiconductor ETF	0.27%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%

Frequently Asked Questions

Can I hold both EEMA and SOXX in my portfolio?

EEMA and SOXX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EEMA or SOXX?

SOXX has higher volatility (22.50%) compared to EEMA (10.02%). In terms of maximum drawdown, EEMA dropped -44.18% vs SOXX's -70.21%.

Which ETF is better, EEMA or SOXX?

On 10-year performance, SOXX leads with 34.00% vs 9.49% for EEMA. On fees, SOXX is cheaper at 0.34% per year. On volatility, EEMA has been the lower-risk option at 10.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EEMA or SOXX?

Over the 10-year period, SOXX has performed better with a 34.00% return vs 9.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EEMA or SOXX?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.50% for EEMA.

Which ETF pays a higher dividend yield, EEMA or SOXX?

EEMA has the higher dividend yield at 1.38%, compared with 0.27% for SOXX.

What is the main difference between EEMA and SOXX?

EEMA is categorized as Asia Pacific Equities, while SOXX is Semiconductors. EEMA tracks MSCI Emerging Markets Asia Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.50% for EEMA and 0.34% for SOXX.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (3.01 vs 1.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.