EEM
iShares MSCI Emerging Markets ETF
The iShares MSCI Emerging Markets Index fund seeks investment results that correspond to the price and yield performance of the MSCI Emerging Markets Index. The index consists of the stocks in developing economies around the world.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
20.9 B
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 07, 2003 |
| Assets (mns) | $20,868 |
| Expense ratio | 69 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 11.3 % |
| TENCENT HOLDINGS LTD | 4.9 % |
| SAMSUNG ELECTRONICS CO LTD | 3.4 % |
| ALIBABA GROUP HOLDING LTD. | 3.4 % |
| HYNIX SEMICONDUCTOR INC | 2.0 % |
| HDFC BANK LIMITED | 1.2 % |
| RELIANCE INDUSTRIES LTD | 1.0 % |
| CHINA CONSTRUCTION BANK-H | 1.0 % |
| XIAOMI CORP. CLASS B | 0.9 % |
| HON HAI PRECISION INDUSTRY | 0.9 % |
Constituent Breakdown
| Number of holdings | 1215 |
| Herfindahl-Hirschman Index | 197 |
| Wgt avg mkt cap (mns) | $231,857 |
| Large cap (>$10bn) | 75.9% |
| Mid cap ($2-10bn) | 13.2% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 2.7% |
| Emerging mkts. | 89.4% |
Country Exposure
 |
CHINA | 23.0 % |
 |
TAIWAN | 19.8 % |
 |
INDIA | 13.7 % |
 |
SOUTH KOREA | 12.0 % |
 |
BRAZIL | 3.5 % |
 |
SAUDI ARABIA | 2.9 % |
 |
SOUTH AFRICA | 2.6 % |
 |
MEXICO | 1.7 % |
 |
HONG KONG | 1.4 % |
 |
RUSSIA | 1.2 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 29.9% | 25.6% | 17.2% | 11.2% | 2.2% | 4.8% | 3.4% | 7.3% |
| Dividend Yield | 0.0% | 2.1% | 2.5% | 2.4% | 2.1% | 2.3% | 2.1% | 2.0% |
| Total Returns | 29.9% | 27.7% | 19.7% | 13.6% | 4.3% | 7.1% | 5.4% | 9.3% | Ann. Volatility | 18.2% | 17.9% | 16.7% | 16.4% | 18.3% | 20.4% | 28.2% | 27.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 57% |
| MSCI EAFE | 0.86 | 64% |
| MSCI Emg Mkts | 1.00 | 100% |
Liquidity Measures
| Avg. volume (000) | 24,333 |
| ADV traded (mns) | $1,335 |
| Turnover | 6.4% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $54.29 |
| Relative strength (RSI) | 55 |
| MACD/Signal | -0.02/-0.05 |
| Bollinger Bands (Upper/Lower) | $55.75/$53.01 |
| Short interest (% of AUM) | 17.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EEM |
Expenses vs. EEM |
ALTAR Score™ vs. EEM |
|---|---|---|---|---|
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 85.9% | -39 bp | +9.5% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 82.1% | -3 bp | +8.9% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 80.0% | -58 bp | +9.6% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 79.2% | -33 bp | +9.3% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 79.0% | -54 bp | +9.7% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 77.7% | -60 bp | +10.0% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 73.2% | +1 bp | +8.4% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 72.4% | -20 bp | +9.2% |
| VWO | Vanguard FTSE Emerging Markets ETF | 72.1% | -62 bp | +10.4% |
| SCHE | Schwab Emerging Markets Equity ETF | 71.1% | -58 bp | +11.0% |
Risk and Returns: EEM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/12/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
EEM
9.4%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 130 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.7%. EEM's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places EEM in the 72nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EEMSELL
U/W
HOLD
O/W
BUY