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

In the year to Oct 28, 2026, with distributions reinvested, EMXC returned +33.8% and IEMG +15.3%.

Which is cheaper, EMXC or IEMG?

IEMG is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do EMXC and IEMG overlap with the S&P 500?

By their latest filed holdings, 0% of EMXC and 0% of IEMG by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

EMXC vs IEMG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EMXC returned +33.8% to IEMG's +15.3%; 70% of their weight is in the same names.

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Net assets: $26.9bn on Oct 28, 2026 for iShares MSCI Emerging Markets ex China ETF, and $150.4bn on Oct 27, 2026 for iShares Core MSCI Emerging Markets ETF.

EMXC on its own →IEMG on its own →

At a glance

+33.8%

EMXC total return, 1 year

+15.3%

IEMG total return, 1 year

0.25%

EMXC expense ratio

0.09%

IEMG expense ratio

Pair scorecard

IEMG costs 0.16 points a year less; their one-year returns differ by 18.5 points; IEMG is 5.7 times larger.

EMXC vs IEMG: Differences, Returns & Fees
Measure	EMXC	IEMG
Return
Measure	EMXC	IEMG
Total return, 1 year	+33.8%	+15.3%
Drawdown
Measure	EMXC	IEMG
Below its high	11.3%, high on Jun 22, 2026	10.1%, high on Jun 22, 2026
Benchmark
Measure	EMXC	IEMG
What it tracks	MSCI Emerging Markets ex China Index	MSCI Emerging Markets Investable Market Index (IMI)
Cost and size
Measure	EMXC	IEMG
Expense ratio	0.25%	0.09%
Net assets, as of Oct 27, 2026	$26.4bn	$150.4bn
Holdings
Measure	EMXC	IEMG
Holdings in common	70%
Top ten holdings, share of the fund	42.2%	32.7%

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

Risk and return

Aug 4, 2017 to Oct 23, 2026 · 481 weekly returns

EMXC IEMG

Return

Total return edge EMXC +122.9% +83.6%

Annualized edge EMXC +9.1% +6.8%

Price return edge EMXC +80.5% +42.9%

Risk

Volatility edge Tie 19.2% 18.8%

Max drawdown edge IEMG (slight) −40.7% −37.1%

Downside capture 97.9% 97.1%

Beta 0.97 0.96

Risk-adjusted

Sharpe edge EMXC 0.41 0.30

Sortino edge EMXC 0.57 0.42

Treynor 0.098 0.057

Calmar edge EMXC 0.22 0.18

Against the benchmark

Alpha −0.8% a year +0.7% a year

Alpha t-stat −0.59 2.17

Information ratio −0.30 0.38

Tracking error 3.6% 1.4%

Each against its own benchmark: EMXC against KEMX, Apr 18, 2019 to Oct 23, 2026; IEMG against EEM, Nov 2, 2012 to Oct 23, 2026.

Reading

EMXC returned more: +122.9% to +83.6%. EMXC and IEMG swung about the same: 19.2% and 18.8%. IEMG fell slightly less at its worst: −37.1% to −40.7%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: EMXC vs IEMG: Differences, Returns & Fees
Measure	EMXC	IEMG	Edge	How it is measured
Return
Total return	+122.9%	+83.6%	EMXC	Price change plus distributions, reinvested.
Annualized	+9.1%	+6.8%	EMXC	Total return as a yearly rate.
Price return	+80.5%	+42.9%	EMXC	Price change alone, distributions left out.
Risk
Volatility	19.2%	18.8%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	13.8%	13.5%	IEMG (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−40.7%	−37.1%	IEMG (slight)	Deepest fall from a high to the low after it.
Upside capture	92.3%	94.6%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	97.9%	97.1%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.97	0.96	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.97	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.41	0.30	EMXC	Return above Treasury bills per unit of volatility.
Sortino	0.57	0.42	EMXC	Return above Treasury bills per unit of downside deviation.
Treynor	0.098	0.057		Return above Treasury bills per unit of beta.
Calmar	0.22	0.18	EMXC	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	+0.7% a year	EMXC not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.59	2.17	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−3.3% to +1.8%	+0.1% to +1.4%	EMXC includes zero	The 95% range for the yearly alpha.
Information ratio	−0.30	0.38		Return against its benchmark per unit of tracking error.
Tracking error	3.6%	1.4%	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

70%

By the books each fund has filed, EMXC and IEMG hold 70% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

70% in common

Positions both hold · largest shared weight first EMXC IEMG

TAIWAN SEMICONDUCTOR MANUFACTURING 19.91% 14.03%

SAMSUNG ELECTRONICS LTD 8.58% 6.05%

SK HYNIX 6.12% 4.31%

MEDIATEK 1.92% 1.36%

SAMSUNG ELECTRONICS NON VOTING PRE 1.14% 0.80%

HON HAI PRECISION INDUSTRY 1.02% 0.72%

DELTA ELECTRONICS 0.99% 0.70%

HDFC BANK 0.89% 0.63%

ICICI BANK 0.84% 0.60%

RELIANCE INDUSTRIES LTD 0.79% 0.56%

ASE TECHNOLOGY HOLDING 0.73% 0.52%

BHARTI AIRTEL LTD 0.64% 0.45%

Only in one fund ↓

Only in EMXC

AED/USD 0.00%

Only in IEMG

TENCENT HOLDINGS 2.32%

ALIBABA GROUP HOLDING 1.60%

CHINA CONSTRUCTION BANK CORP H 0.83%

INDUSTRIAL AND COMMERCIAL BANK OF 0.48%

XIAOMI 0.43%

BANK OF CHINA LTD H 0.40%

MEITUAN 0.35%

NETEASE 0.31%

Check overlap with more funds →

Side by side

EMXC iShares MSCI Emerging Markets ex China ETF IEMG iShares Core MSCI Emerging Markets ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the MSCI Emerging Markets ex China Tracks the MSCI Emerging Markets

Total return, 1 year +33.8% +15.3%

Its benchmark over the same days +37.0% (KEMX) +16.3% (EEM)

Gap to its benchmark −3.2 pts vs KEMX −1.0 pts vs EEM

Expense ratio 0.25% 0.09%

Already in the S&P 500 0.0% 0.0%

Holdings 696 2857

Net assets, EMXC as of Oct 28, 2026 and IEMG as of Oct 27, 2026 $26.9bn $150.4bn

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

Client brief · page 1 of 2 Report BR-35CE28B08C

EMXC and IEMG are built for the same job. How do they differ in cost, holdings and results?

What each follows. EMXC follows MSCI Emerging Markets ex China Index and IEMG follows MSCI Emerging Markets Investable Market Index (IMI).
One-year total return. Over 1 year to Oct 28, 2026 EMXC returned +33.8% and IEMG +15.3% with distributions reinvested, a gap of 18.5 points.
Number of holdings. EMXC holds 696 positions and IEMG holds 2857.

Data as of Oct 28, 2026.

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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.

IEMG

IEMG tracks the MSCI Emerging Markets. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested, against +16.3% 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 Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,857 positions, with the top ten at 32.7%. It sat 10.1% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EMXC or IEMG?: In the year to Oct 28, 2026, with distributions reinvested, EMXC returned +33.8% and IEMG +15.3%.
Which is cheaper, EMXC or IEMG?: IEMG is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EMXC and IEMG overlap with the S&P 500?: By their latest filed holdings, 0% of EMXC and 0% of IEMG by weight is stocks the S&P 500 already holds.

Other comparisons

EMXC vs VWO AVEM vs EMXC EMXC vs SPEM EMXC vs SCHE AVEM vs IEMG IEMG vs SPEM IEMG vs SCHE FNDE vs IEMG

Where to next

EMXC on its own →IEMG on its own →Hold both: look the portfolio through →Rankings →EMXC dividend history →EMXC holdings →IEMG dividend history →IEMG holdings →Standards and sources →

Sources and dates

EMXC and IEMG filings on SEC EDGAR ↗

EMXC and IEMG prospectus with the expense ratio (SEC) ↗

iShares page for EMXC ↗

iShares page for IEMG ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, EMXC against IEMG, data as of Oct 28, 2026. https://etfiq.com/compare/any/emxc-vs-iemg

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.