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

In the year to Oct 28, 2026, with distributions reinvested, EWT returned +69.9% and IEMG +15.3%.

Which is cheaper, EWT or IEMG?

IEMG is cheaper, by 0.50 percentage points a year. That is about $50 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

EWT vs IEMG: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, EWT returned +69.9% to IEMG's +15.3%; 26% of their weight is in the same names.

askIQ about this page

askIQ about EWT and IEMG

Net assets: $12.0bn on Oct 28, 2026 for iShares MSCI Taiwan ETF, and $150.4bn on Oct 27, 2026 for iShares Core MSCI Emerging Markets ETF.

EWT on its own →IEMG on its own →

At a glance

+69.9%

EWT total return, 1 year

+15.3%

IEMG total return, 1 year

0.59%

EWT expense ratio

0.09%

IEMG expense ratio

Pair scorecard

IEMG costs 0.50 points a year less; their one-year returns differ by 54.6 points; IEMG is 12.7 times larger.

EWT vs IEMG: Differences, Returns & Fees
Measure	EWT	IEMG
Return
Measure	EWT	IEMG
Total return, 1 year	+69.9%	+15.3%
Drawdown
Measure	EWT	IEMG
Below its high	7.7%, high on Oct 5, 2026	10.1%, high on Jun 22, 2026
Benchmark
Measure	EWT	IEMG
What it tracks	MSCI Taiwan 25/50 Index	MSCI Emerging Markets Investable Market Index (IMI)
Cost and size
Measure	EWT	IEMG
Expense ratio	0.59%	0.09%
Net assets, as of Oct 27, 2026	$11.8bn	$150.4bn
Holdings
Measure	EWT	IEMG
Holdings in common	26%
Top ten holdings, share of the fund	47.7%	32.7%

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

Risk and return

Nov 2, 2012 to Oct 23, 2026 · 729 weekly returns · each against EEM

EWT IEMG

Return

Total return edge EWT +643.6% +120.7%

Annualized edge EWT +15.4% +5.8%

Price return edge EWT +315.0% +56.0%

Risk

Volatility edge IEMG 20.2% 18.2%

Max drawdown edge IEMG (slight) −38.2% −37.1%

Downside capture 88.7% 97.1%

Beta 0.91 0.96

Risk-adjusted

Sharpe edge EWT 0.72 0.30

Sortino edge EWT 1.05 0.42

Treynor 0.160 0.057

Calmar edge EWT 0.40 0.16

Against the benchmark

Alpha +10.1% a year +0.7% a year

Alpha t-stat 3.49 2.17

Information ratio 0.88 0.38

Tracking error 10.9% 1.4%

Reading

EWT returned more: +643.6% to +120.7%. IEMG swung less: 18.2% to 20.2%. IEMG fell slightly less at its worst: −37.1% to −38.2%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: EWT vs IEMG: Differences, Returns & Fees
Measure	EWT	IEMG	EEM	Edge	How it is measured
Return
Total return	+643.6%	+120.7%		EWT	Price change plus distributions, reinvested.
Annualized	+15.4%	+5.8%		EWT	Total return as a yearly rate.
Price return	+315.0%	+56.0%		EWT	Price change alone, distributions left out.
Risk
Volatility	20.2%	18.2%		IEMG	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	13.8%	13.0%		IEMG (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−38.2%	−37.1%		IEMG (slight)	Deepest fall from a high to the low after it.
Upside capture	100.5%	94.6%	100.0%	EWT (slight)	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	88.7%	97.1%	100.0%	EWT (slight)	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.91	0.96	1.00	EWT lower	How far it moves for each 1% its benchmark moves.
R squared	0.72	1.00	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.72	0.30		EWT	Return above Treasury bills per unit of volatility.
Sortino	1.05	0.42		EWT	Return above Treasury bills per unit of downside deviation.
Treynor	0.160	0.057	0.049	EWT	Return above Treasury bills per unit of beta.
Calmar	0.40	0.16		EWT	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	EEM	EEM	EEM		The ETF each fund is measured against.
Alpha	+10.1% a year	+0.7% a year	0.0%	Both significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	3.49	2.17		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	+4.4% to +15.7%	+0.1% to +1.4%			The 95% range for the yearly alpha.
Information ratio	0.88	0.38		EWT	Return against its benchmark per unit of tracking error.
Tracking error	10.9%	1.4%	0.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 729 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

26%

By the books each fund has filed, EWT and IEMG hold 26% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

26% in common

Positions both hold · largest shared weight first EWT IEMG

TAIWAN SEMICONDUCTOR MANUFACTURING 22.12% 14.03%

MEDIATEK 6.03% 1.36%

HON HAI PRECISION INDUSTRY 3.31% 0.72%

DELTA ELECTRONICS 3.25% 0.70%

ASE TECHNOLOGY HOLDING 2.86% 0.52%

NAN YA PLASTICS CORP 2.54% 0.34%

UNIMICRON TECHNOLOGY 2.04% 0.34%

UNITED MICRO ELECTRONICS CORP 1.84% 0.33%

ELITE MATERIAL 1.88% 0.32%

FUBON FINANCIAL HOLDING 1.87% 0.32%

CTBC FINANCIAL HOLDING 1.70% 0.30%

CATHAY FINANCIAL HOLDING 1.39% 0.26%

Only in one fund ↓

Only in EWT

FTSE TAIWAN NOV 26 0.00%

PACIFIC ELECTRIC WIRE 0.00%

YA HSIN INDUSTRIAL CO. LTD. 0.00%

Only in IEMG

SAMSUNG ELECTRONICS LTD 6.05%

SK HYNIX 4.31%

TENCENT HOLDINGS 2.32%

ALIBABA GROUP HOLDING 1.60%

CHINA CONSTRUCTION BANK CORP H 0.83%

SAMSUNG ELECTRONICS NON VOTING PRE 0.80%

HDFC BANK 0.63%

ICICI BANK 0.60%

Check overlap with more funds →

Side by side

EWT iShares MSCI Taiwan ETF IEMG iShares Core MSCI Emerging Markets ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the MSCI Taiwan Tracks the MSCI Emerging Markets

Total return, 1 year +69.9% +15.3%

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

Gap to its benchmark +53.6 pts vs EEM −1.0 pts vs EEM

Expense ratio 0.59% 0.09%

Already in the S&P 500 0.0% 0.0%

Holdings 79 2857

Net assets, EWT as of Oct 28, 2026 and IEMG as of Oct 27, 2026 $12.0bn $150.4bn

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

Client brief · page 1 of 2 Report BR-B3C4643B9B

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

What each follows. EWT follows MSCI Taiwan 25/50 Index and IEMG follows MSCI Emerging Markets Investable Market Index (IMI).
Holdings in common. 26% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 EWT returned +69.9% and IEMG +15.3% with distributions reinvested, a gap of 54.6 points.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

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.

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, EWT or IEMG?: In the year to Oct 28, 2026, with distributions reinvested, EWT returned +69.9% and IEMG +15.3%.
Which is cheaper, EWT or IEMG?: IEMG is cheaper, by 0.50 percentage points a year. That is about $50 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWT and IEMG overlap with the S&P 500?: By their latest filed holdings, 0% of EWT and 0% of IEMG by weight is stocks the S&P 500 already holds.

Other comparisons

EWT vs VWO EEM vs EWT AVEM vs EWT EMXC vs EWT FXI vs IEMG IEMG vs INDA IEMG vs ILF FLKR vs IEMG

Where to next

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

Sources and dates

EWT and IEMG filings on SEC EDGAR ↗

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

iShares page for EWT ↗

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

Open data →

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