Data as of Oct 28, 2026.
EEM vs EMXC: Differences, Returns & Fees
Over the year to Oct 28, 2026, EEM returned +16.3% to EMXC's +33.8%; 80% of their weight is in the same names.
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Net assets: $29.1bn on Oct 27, 2026 for iShares MSCI Emerging Markets ETF, and $26.9bn on Oct 28, 2026 for iShares MSCI Emerging Markets ex China ETF.
Pair scorecard
EMXC costs 0.47 points a year less; their one-year returns differ by 17.5 points; EEM is 1.1 times larger.
| Measure | EEM | EMXC |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.3% | +33.8% |
| Drawdown | ||
| Below its high | 10.8%, high on Jun 22, 2026 | 11.3%, high on Jun 22, 2026 |
| Benchmark | ||
| What it tracks | MSCI Emerging Markets Index | MSCI Emerging Markets ex China Index |
| Cost and size | ||
| Expense ratio | 0.72% | 0.25% |
| Net assets, as of Oct 27, 2026 | $29.1bn | $26.4bn |
| Holdings | ||
| Holdings in common | 80% | |
| Top ten holdings, share of the fund | 37.2% | 42.2% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Aug 4, 2017 to Oct 23, 2026 · 481 weekly returnsEMXC returned more: +122.9% to +73.0%. EEM and EMXC swung about the same: 19.3% and 19.2%. EEM fell slightly less at its worst: −39.1% to −40.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EEM | EMXC | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +73.0% | +122.9% | EMXC | Price change plus distributions, reinvested. |
| Annualized | +6.1% | +9.1% | EMXC | Total return as a yearly rate. |
| Price return | +41.1% | +80.5% | EMXC | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.3% | 19.2% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.8% | 13.8% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −39.1% | −40.7% | EEM (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.27 | 0.41 | EMXC | Return above Treasury bills per unit of volatility. |
| Sortino | 0.37 | 0.57 | EMXC | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.16 | 0.22 | EMXC | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 481 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EEM and EMXC hold 80% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
80% in common
Only in one fund ↓
Side by side
EEM and EMXC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EEM and EMXC are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EEM follows MSCI Emerging Markets Index and EMXC follows MSCI Emerging Markets ex China Index.
- One-year total return. Over 1 year to Oct 28, 2026 EEM returned +16.3% and EMXC +33.8% with distributions reinvested, a gap of 17.5 points.
- Cost. EEM charges 0.72% of assets a year and EMXC 0.25%, a gap of 0.47 points.
Data as of Oct 28, 2026.
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EEM
EEM tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +16.3% with distributions reinvested. The prospectus expense ratio is 0.72% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,186 positions, with the top ten at 37.2%. It sat 10.8% below its high of Jun 22, 2026 on Oct 28, 2026.
EMXC
EMXC tracks the MSCI Emerging Markets ex China. Over the year to Oct 28, 2026 it returned +33.8% with distributions reinvested, against +37.0% for its benchmark, the MSCI Emerging Markets ex China Index. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 696 positions, with the top ten at 42.2%. It sat 11.3% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EEM or EMXC?
- In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and EMXC +33.8%.
- Which is cheaper, EEM or EMXC?
- EMXC is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, EEM against EMXC, data as of Oct 28, 2026. https://etfiq.com/compare/any/eem-vs-emxc
ETFIQ. (Oct 28, 2026). EEM against EMXC. Retrieved from https://etfiq.com/compare/any/eem-vs-emxc
[EEM against EMXC (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/eem-vs-emxc)
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