EEM vs IEMG: Differences, Returns & Fees

Over the year to Nov 13, 2026, EEM returned +13.1% to IEMG's +12.2%; 87% of their weight is in the same names.

Return gap: +0.9 pts1 year to Nov 13, 2026: EEM ahead, total return
Fee gap: 0.63 ptsA year: EEM 0.72%, IEMG 0.09%, per filings dated Dec 19, 2025
Overlap: 87%Share of the two books held in common, holdings dated Nov 12, 2026
Net flow: $0k / $0kEEM / IEMG, Oct 13, 2026 to Nov 12, 2026, daily basis

EEM

The answerOne drawing that carries it.

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The evidenceWhy, in charts and cards.

EEM and IEMG · 1 year

Growth of 100

EEMIEMG

Drawn from the numbers on this page. Growth of 100, both funds, distributions reinvested

EEM +13.1%IEMG +12.2%

Growth of 100 in EEM and IEMG over 1 year, Nov 13, 2025 to Nov 13, 2026, with distributions reinvested. EEM ends at 113.1 (+13.1%), IEMG at 112.2 (+12.2%).

EEM +13.1%, IEMG +12.2%: EEM +0.9 pts ahead, 1 year, Nov 13, 2025 to Nov 13, 2026.

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Hypothetical · drag the order size

Cost to trade

Order size $10,000

Hypothetical. A $10,000 order in EEM costs about $1.00 one way and $2.00 in and out, at a median spread of 0.02%. The 0.02% spread is EEM’s 30-day median, from iShares (fund page).

Hypothetical · drag to set

Fees over time

Amount $10,000Years held 10 years

Hypothetical. $10,000 in EEM for 10 years at 0.72% a year costs about $1,180 in fees and lost growth; IEMG at 0.09% would cost $151. Assumes 6% a year before fees, a sample rate, not a forecast.

Key numbers

EEM total return, 1 year

+13.1%

IEMG total return, 1 year

+12.2%

EEM expense ratio

0.72%

IEMG expense ratio

0.09%

IEMG costs 0.63 points a year less; their one-year returns differ by 0.9 points; IEMG is 5.2 times larger.

Pair scorecard

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Total return, 1 year	+13.1%	+12.2%
Below its high	14.5%, high on Jun 22, 2026	13.8%, high on Jun 22, 2026
What it tracks	MSCI Emerging Markets Index	MSCI Emerging Markets Investable Market Index (IMI)
Expense ratio	0.72%	0.09%
Net assets	$28.2bn	$145.5bn
Holdings in common	87%
Top ten holdings, share of the fund	36.4%	32.1%

Method

The numbers behind it

Net assets on Nov 13, 2026: $28.2bn for iShares MSCI Emerging Markets ETF and $145.5bn for iShares Core MSCI Emerging Markets ETF.

Holdings in common uses holdings dated Nov 12, 2026.

What they share

By the books each fund has filed, EEM and IEMG hold 87% of their money in the same securities at the same weight. Holdings dated Nov 12, 2026.

0half (50%)100%

half

87% in common

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Held in common

Show all 12 holdings


TAIWAN SEMICONDUCTOR MANUFACTURING	15.60%	13.72%
SAMSUNG ELECTRONICS LTD	6.52%	5.74%
SK HYNIX	4.65%	4.09%
TENCENT HOLDINGS	2.78%	2.45%
ALIBABA GROUP HOLDING	1.79%	1.57%
MEDIATEK	1.50%	1.32%
CHINA CONSTRUCTION BANK CORP H	1.00%	0.88%
SAMSUNG ELECTRONICS NON VOTING PRE	0.91%	0.80%
HDFC BANK	0.88%	0.78%
HON HAI PRECISION INDUSTRY LTD	0.80%	0.70%
ICICI BANK	0.80%	0.70%
RELIANCE INDUSTRIES LTD	0.73%	0.64%

Only in EEM

Show all 1 holdings


ENKA INSAAT VE SANAYI A	0.00%

Only in IEMG

Show all 8 holdings


NAN YA PRINTED CIRCUIT BOARD CORP	0.06%
SAMSUNG E&A LTD	0.06%
TAIWAN UNION TECHNOLOGY	0.06%
TRIPOD TECHNOLOGY	0.06%
COFORGE	0.05%
COMPEQ MANUFACTURING LTD	0.05%
KINSUS INTERCONNECT TECHNOLOGY COR	0.05%
POWERCHIP SEMICONDUCTOR MANUFACTUR	0.05%

Side by side

Open the table


Fund	iShares MSCI Emerging Markets ETF	iShares Core MSCI Emerging Markets ETF
Where it sits	Stock ETF	Stock ETF
Issuer	iShares	iShares
What it is	Tracks an index of Emerging markets	Tracks the MSCI Emerging Markets
Total return, 1 year	+13.1%	+12.2%
Its benchmark over the same days	not measured	+13.1% (EEM)
Gap to its benchmark	not measured	−0.9 pts vs EEM
Expense ratio	0.72%	0.09%
Already in the S&P 500	0.0%	0.0%
Holdings	1186	2874
Net assets	$28.2bn	$145.5bn

EEM and IEMG on the fields both publish, as of Nov 13, 2026. Source: ETFIQ.

From Nov 2012 to Nov 2026, IEMG returned more: +116.9% to +98.4%. IEMG swung slightly less: 18.2% to 18.8%. IEMG fell slightly less at its worst: −37.1% to −39.1%.

Nov 2, 2012 to Nov 12, 2026 · 732 weekly returns · 9 measures

Full scorecard

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Total return	+98.4%	+116.9%	IEMG	Price change plus distributions, reinvested.
Annualized	+5.0%	+5.7%	IEMG	Total return as a yearly rate.
Price return	+47.0%	+53.3%	IEMG	Price change alone, distributions left out.
Volatility	18.8%	18.2%	IEMG (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	13.4%	13.0%	IEMG (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−39.1%	−37.1%	IEMG (slight)	Deepest fall from a high to the low after it.
Sharpe	0.26	0.29	IEMG	Return above Treasury bills per unit of volatility.
Sortino	0.36	0.41	IEMG	Return above Treasury bills per unit of downside deviation.
Calmar	0.13	0.15	IEMG	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 732 weekly returns. Cash rate: the 13-week Treasury bill.

How the scorecard is measured

About EEM

EEM tracks an index of Emerging markets. Over the year to Nov 13, 2026 it returned +13.1% with distributions reinvested.

The prospectus expense ratio is 0.72% a year. By its holdings published by its issuer for Nov 12, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,186 positions, with the top ten at 36.4%. It sat 14.5% below its high of Jun 22, 2026 on Nov 13, 2026.

About IEMG

IEMG tracks the MSCI Emerging Markets. Over the year to Nov 13, 2026 it returned +12.2% with distributions reinvested, against +13.1% for its benchmark, the MSCI Emerging Markets Index.

The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Nov 12, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,874 positions, with the top ten at 32.1%. It sat 13.8% below its high of Jun 22, 2026 on Nov 13, 2026.

Questions people ask

Which returned more over the last year, EEM or IEMG?

In the year to Nov 13, 2026, with distributions reinvested, EEM returned +13.1% and IEMG +12.2%.

Which is cheaper, EEM or IEMG?

IEMG is cheaper, by 0.63 percentage points a year. That is about $63 on $10,000 held for a year. 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.

Other comparisons

EEM vs VWO AVEM vs EEM EEM vs EMXC EEM vs SPEM EMXC vs IEMG IEMG vs SPEM IEMG vs SCHE IEMG vs VWO EEM on its own IEMG on its own Hold both: look the portfolio through Rankings EEM dividend history EEM holdings IEMG dividend history IEMG holdings Standards and sources

Sources

EEM and IEMG filings on SEC EDGAR EEM and IEMG prospectus with the expense ratio (SEC) iShares page for EEM iShares page for IEMG

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, EEM against IEMG, data as of Nov 13, 2026. https://etfiq.com/compare/any/eem-vs-iemg

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