Data as of Oct 28, 2026.

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EMXC vs IAU: Differences, Returns & Fees

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EMXC is an equity index fund and IAU a commodity fund, and over the year to Oct 28, 2026, EMXC returned +33.8% against +2.7%.

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Net assets on Oct 28, 2026: $26.9bn for iShares MSCI Emerging Markets ex China ETF and $60.1bn for iShares Gold Trust.

At a glance
+33.8%
EMXC total return, 1 year
+2.7%
IAU total return, 1 year
0.25%
EMXC expense ratio
0.25%
IAU expense ratio

Pair scorecard

Both cost 0.25% a year; their one-year returns differ by 31.1 points; IAU is 2.2 times larger.

Points (pts) are percentage points.

EMXC vs IAU: Differences, Returns & Fees
MeasureEMXCIAU
Return
Total return, 1 year+33.8%+2.7%
Drawdown
Below its high11.3%, high on Jun 22, 202624.6%, high on Jan 29, 2026
Benchmark
What it tracksMSCI Emerging Markets ex China IndexGold
Cost and size
Expense ratio0.25%0.25%
Net assets$26.9bn$60.1bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Holdings datedOct 27, 2026
Top ten holdings, share of the fund42.2%

Method

Side by side

EMXC iShares MSCI Emerging Markets ex China ETF IAU iShares Gold Trust
Where it sits Stock ETF Commodity ETF
What it is Tracks the MSCI Emerging Markets ex China Holds gold
Total return, 1 year +33.8% +2.7%
Its benchmark over the same days +37.0% (KEMX) +2.5% (GLD)
Gap to its benchmark −3.2 pts vs KEMX +0.2 pts vs GLD
Expense ratio 0.25% 0.25%
Holdings 696 not counted
Net assets $26.9bn $60.1bn

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

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About each fund
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.

IAU

Its expense ratio is 0.25% a year, for the three months to Jun 30, 2026, as its 10-Q states.

IAU holds gold. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.6% below its high of Jan 29, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EMXC or IAU?
In the year to Oct 28, 2026, with distributions reinvested, EMXC returned +33.8% and IAU +2.7%.
Which is cheaper, EMXC or IAU?
Neither: EMXC and IAU both charge 0.25% a year. Fees come from each fund's own filings.
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ETFIQ, EMXC against IAU, data as of Oct 28, 2026. https://etfiq.com/compare/any/emxc-vs-iau

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