Data as of Oct 28, 2026.

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EEM vs EWT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EEM returned +16.3% to EWT's +69.9%; 29% 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 $12.0bn on Oct 28, 2026 for iShares MSCI Taiwan ETF.

At a glance
+16.3%
EEM total return, 1 year
+69.9%
EWT total return, 1 year
0.72%
EEM expense ratio
0.59%
EWT expense ratio

Pair scorecard

EWT costs 0.13 points a year less; their one-year returns differ by 53.6 points; EEM is 2.5 times larger.

EEM vs EWT: Differences, Returns & Fees
MeasureEEMEWT
Return
Total return, 1 year+16.3%+69.9%
Drawdown
Below its high10.8%, high on Jun 22, 20267.7%, high on Oct 5, 2026
Benchmark
What it tracksMSCI Emerging Markets IndexMSCI Taiwan 25/50 Index
Cost and size
Expense ratio0.72%0.59%
Net assets, as of Oct 27, 2026$29.1bn$11.8bn
Holdings
Holdings in common29%
Top ten holdings, share of the fund37.2%47.7%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Apr 25, 2003 to Oct 23, 2026 · 1,226 weekly returns
EEM EWT
Return
Total return edge EWT +759.1% +1,497.2%
Annualized edge EWT +9.6% +12.5%
Price return edge EWT +451.7% +611.7%
Risk
Volatility edge Tie 23.3% 23.2%
Max drawdown edge EWT (slight) −62.6% −57.9%
Risk-adjusted
Sharpe edge EWT 0.43 0.55
Sortino edge EWT 0.63 0.79
Calmar edge EWT 0.15 0.22
Reading

EWT returned more: +1,497.2% to +759.1%. EEM and EWT swung about the same: 23.3% and 23.2%. EWT fell slightly less at its worst: −57.9% to −62.6%.

Full scorecard

9 measures, with how each is measured
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Risk and return: EEM vs EWT: Differences, Returns & Fees
MeasureEEMEWTEdgeHow it is measured
Return
Total return+759.1%+1,497.2%EWTPrice change plus distributions, reinvested.
Annualized+9.6%+12.5%EWTTotal return as a yearly rate.
Price return+451.7%+611.7%EWTPrice change alone, distributions left out.
Risk
Volatility23.3%23.2%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation16.1%16.1%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−62.6%−57.9%EWT (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.430.55EWTReturn above Treasury bills per unit of volatility.
Sortino0.630.79EWTReturn above Treasury bills per unit of downside deviation.
Calmar0.150.22EWTAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,226 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

29%

By the books each fund has filed, EEM and EWT hold 29% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

29% in common

Positions both hold · largest shared weight first EEM EWT
TAIWAN SEMICONDUCTOR MANUFACTURING 15.98% 22.12%
MEDIATEK 1.54% 6.03%
HON HAI PRECISION INDUSTRY 0.82% 3.31%
DELTA ELECTRONICS 0.79% 3.25%
ASE TECHNOLOGY HOLDING 0.59% 2.86%
UNIMICRON TECHNOLOGY 0.39% 2.04%
NAN YA PLASTICS CORP 0.38% 2.54%
ELITE MATERIAL 0.37% 1.88%
FUBON FINANCIAL HOLDING 0.37% 1.87%
UNITED MICRO ELECTRONICS CORP 0.37% 1.84%
CTBC FINANCIAL HOLDING 0.34% 1.70%
CATHAY FINANCIAL HOLDING 0.29% 1.39%
Only in one fund ↓
Only in EEM
SAMSUNG ELECTRONICS LTD 6.88%
SK HYNIX 4.91%
TENCENT HOLDINGS 2.64%
ALIBABA GROUP HOLDING 1.82%
CHINA CONSTRUCTION BANK CORP H 0.94%
SAMSUNG ELECTRONICS NON VOTING PRE 0.91%
HDFC BANK 0.72%
ICICI BANK 0.68%
Only in EWT
FTSE TAIWAN NOV 26 0.00%
PACIFIC ELECTRIC WIRE 0.00%
TWD/USD 0.00%
YA HSIN INDUSTRIAL CO. LTD. 0.00%
Check overlap with more funds →

Side by side

EEM iShares MSCI Emerging Markets ETF EWT iShares MSCI Taiwan ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Emerging markets Tracks the MSCI Taiwan
Total return, 1 year +16.3% +69.9%
Its benchmark over the same days not measured +16.3% (EEM)
Gap to its benchmark not measured +53.6 pts vs EEM
Expense ratio 0.72% 0.59%
Already in the S&P 500 0.0% 0.0%
Holdings 1186 79
Net assets, EEM as of Oct 27, 2026 and EWT as of Oct 28, 2026 $29.1bn $12.0bn

EEM and EWT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-6B45C92493

EEM and EWT do different jobs. What does each one do in a portfolio?

  1. What each follows. EEM follows MSCI Emerging Markets Index and EWT follows MSCI Taiwan 25/50 Index.
  2. Holdings in common. 29% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 EEM returned +16.3% and EWT +69.9% with distributions reinvested, a gap of 53.6 points.

Data as of Oct 28, 2026.

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About each fund
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.

EWT

EWT tracks the MSCI Taiwan. Over the year to Oct 28, 2026 it returned +69.9% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.59% 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 79 positions, with the top ten at 47.7%. It sat 7.7% below its high of Oct 5, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EEM or EWT?
In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and EWT +69.9%.
Which is cheaper, EEM or EWT?
EWT is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EEM and EWT overlap with the S&P 500?
By their latest filed holdings, 0% of EEM and 0% of EWT by weight is stocks the S&P 500 already holds.
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ETFIQ, EEM against EWT, data as of Oct 28, 2026. https://etfiq.com/compare/any/eem-vs-ewt

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