Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
EEM vs IEMG: how they differ
EEM and IEMG hold 79% of their weight in the same names, and EEM returned more over the year.
iShares MSCI Emerging Markets ETF and iShares Core MSCI Emerging Markets ETF.
What they hold in common
By the books each fund has filed, EEM and IEMG hold 79% of their money in the same securities at the same weight.
| Holding | EEM | IEMG |
|---|---|---|
| Taiwan Semiconductor Manufacturing Compa | 14.28% | 12.52% |
| SK hynix Inc. | 6.65% | 5.83% |
| Tencent Holdings Limited | 2.71% | 2.38% |
| Alibaba Group Holding Limited | 2.08% | 1.83% |
| MediaTek Inc. | 1.62% | 1.42% |
| DELTA ELECTRONICS, INC. | 1.17% | 1.03% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.90% | 0.79% |
| Samsung Electronics Co., Ltd. | 0.85% | 0.74% |
| HDFC BANK LIMITED | 0.70% | 0.61% |
| RELIANCE INDUSTRIES LIMITED | 0.66% | 0.58% |
| SAMSUNG ELECTRO-MECHANICS CO.,LTD | 0.62% | 0.54% |
| SK Square Co., Ltd. | 0.60% | 0.53% |
| Only in EEM | Only in IEMG |
|---|---|
| Biwin Storage Technology Co Ltd 0.01% | MPI CORPORATION 0.11% |
| Shenzhen Techwinsemi Technology Co Ltd 0.01% | Winbond Electronics Corporation 0.11% |
| Yuanjie Semiconductor Technology Co Ltd 0.01% | NANYA TECHNOLOGY CORPORATION 0.09% |
| Hangzhou Changchuan Technology Co Ltd 0.01% | Phison Electronics Corporation 0.09% |
| Datang International Power Generation Co 0.01% | TAIWAN UNION TECHNOLOGY CORPORATION 0.09% |
| Sharetronic Data Technology Co Ltd 0.01% | LG INNOTEK CO.,LTD 0.09% |
| Sinoma Science & Technology Co., Ltd 0.01% | MACRONIX INTERNATIONAL CO., LTD. 0.07% |
| GUANGDONG HEC TECHNOLOGY HOLDING CO., LT 0.01% | COMPEQ MANUFACTURING COMPANY LIMITED 0.06% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026.
| EEM iShares MSCI Emerging Markets ETF | IEMG iShares Core MSCI Emerging Markets ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | Emerging markets | Core MSCI Emerging Markets |
| Total return, 1 year | +32.3% | +30.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +14.8 pts | +13.1 pts |
| Expense ratio | 0.72% | 0.09% |
| Already in the S&P 500 | 0.0% | 0.0% |
| Holdings | 1245 | 2695 |
EEM in plain words
EEM is an index equity fund tracking the Emerging markets. Over the year to Sep 11, 2026 it returned +32.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.72% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1245 positions, with the top ten at 38.9%. It sat 4.7% below its high of Jun 22, 2026 on Sep 11, 2026.
IEMG in plain words
IEMG is an index equity fund tracking the Core MSCI Emerging Markets. Over the year to Sep 11, 2026 it returned +30.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2695 positions, with the top ten at 34.1%. It sat 4.0% below its high of Jun 22, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, EEM or IEMG?
- In the year to Sep 12, 2026, with distributions reinvested, EEM returned +32.3% and IEMG returned +30.6%, so EEM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, EEM or IEMG?
- EEM charges 0.72% a year and IEMG charges 0.09%, so IEMG is cheaper. Fees come from each fund's prospectus.
- How much do EEM and IEMG overlap with the S&P 500?
- By their latest filed holdings, 0% of EEM and 0% of IEMG by weight is stocks the S&P 500 already holds. Between the two funds, 79% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, EEM against IEMG, data as of Sep 12, 2026. https://etfiq.com/compare/any/EEM-IEMG Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources