Data as of Oct 28, 2026.
EMXC vs EWT: Differences, Returns & Fees
Over the year to Oct 28, 2026, EMXC returned +33.8% to EWT's +69.9%; 36% of their weight is in the same names.
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Net assets on Oct 28, 2026: $26.9bn for iShares MSCI Emerging Markets ex China ETF and $12.0bn for iShares MSCI Taiwan ETF.
Pair scorecard
EMXC costs 0.34 points a year less; their one-year returns differ by 36.1 points; EMXC is 2.2 times larger.
| Measure | EMXC | EWT |
|---|---|---|
| Return | ||
| Total return, 1 year | +33.8% | +69.9% |
| Drawdown | ||
| Below its high | 11.3%, high on Jun 22, 2026 | 7.7%, high on Oct 5, 2026 |
| Benchmark | ||
| What it tracks | MSCI Emerging Markets ex China Index | MSCI Taiwan 25/50 Index |
| Cost and size | ||
| Expense ratio | 0.25% | 0.59% |
| Net assets | $26.9bn | $12.0bn |
| Holdings | ||
| Holdings in common | 36% | |
| Top ten holdings, share of the fund | 42.2% | 47.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Aug 4, 2017 to Oct 23, 2026 · 481 weekly returnsEach against its own benchmark: EMXC against KEMX, Apr 18, 2019 to Oct 23, 2026; EWT against EEM, Apr 25, 2003 to Oct 23, 2026.
EWT returned more: +353.0% to +122.9%. EMXC swung less: 19.2% to 21.4%. EWT fell slightly less at its worst: −38.2% to −40.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EMXC | EWT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +122.9% | +353.0% | EWT | Price change plus distributions, reinvested. |
| Annualized | +9.1% | +17.7% | EWT | Total return as a yearly rate. |
| Price return | +80.5% | +182.7% | EWT | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.2% | 21.4% | EMXC | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.8% | 14.6% | EMXC (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −40.7% | −38.2% | EWT (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 92.3% | 78.9% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 97.9% | 88.6% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.97 | 0.82 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.97 | 0.67 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.41 | 0.75 | EWT | Return above Treasury bills per unit of volatility. |
| Sortino | 0.57 | 1.10 | EWT | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.098 | 0.155 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.22 | 0.46 | EWT | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | KEMX | EEM | The ETF each fund is measured against. | |
| Alpha | −0.8% a year | +4.5% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.59 | 1.63 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −3.3% to +1.8% | −0.9% to +9.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.30 | 0.19 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.6% | 13.9% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
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, EMXC and EWT hold 36% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
36% in common
Only in one fund ↓
Side by side
EMXC and EWT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EMXC and EWT do different jobs. What does each one do in a portfolio?
- What each follows. EMXC follows MSCI Emerging Markets ex China Index and EWT follows MSCI Taiwan 25/50 Index.
- Holdings in common. 36% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EMXC returned +33.8% and EWT +69.9% with distributions reinvested, a gap of 36.1 points.
Data as of Oct 28, 2026.
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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.
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, EMXC or EWT?
- In the year to Oct 28, 2026, with distributions reinvested, EMXC returned +33.8% and EWT +69.9%.
- Which is cheaper, EMXC or EWT?
- EMXC is cheaper, by 0.34 percentage points a year. That is about $34 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, EMXC against EWT, data as of Oct 28, 2026. https://etfiq.com/compare/any/emxc-vs-ewt
ETFIQ. (Oct 28, 2026). EMXC against EWT. Retrieved from https://etfiq.com/compare/any/emxc-vs-ewt
[EMXC against EWT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/emxc-vs-ewt)
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