EEM
iShares MSCI Emerging Markets ETF
The iShares MSCI Emerging Markets Index fund seeks investment results that correspond to the price and yield performance of the MSCI Emerging Markets Index. The index consists of the stocks in developing economies around the world.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
69 bp
EXPENSES
$18.7 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 07, 2003 |
| Assets (mns) | $18,699 |
| Expense ratio | 69 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 9.3 % |
| TENCENT HOLDINGS LTD | 3.9 % |
| SAMSUNG ELECTRONICS CO LTD | 3.7 % |
| ALIBABA GROUP HOLDING LTD. | 1.9 % |
| RELIANCE INDUSTRIES LTD | 1.4 % |
| HYNIX SEMICONDUCTOR INC | 1.1 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.0 % |
| HON HAI PRECISION INDUSTRY | 1.0 % |
| ICICI BANK LTD | 1.0 % |
| MEITUAN DIANPING | 1.0 % |
Constituent Breakdown
| Number of holdings | 1239 |
| Herfindahl-Hirschman Index | 150 |
| Wgt avg mkt cap (mns) | $152,924 |
| Large cap (>$10bn) | 78.8% |
| Mid cap ($2-10bn) | 20.3% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 5.4% |
| Emerging mkts. | 94.6% |
Country Exposure
 |
CHINA | 21.5 % |
 |
TAIWAN | 18.3 % |
 |
INDIA | 17.7 % |
 |
SOUTH KOREA | 11.5 % |
 |
BRAZIL | 4.1 % |
 |
SAUDI ARABIA | 3.8 % |
 |
RUSSIA | 2.9 % |
 |
SOUTH AFRICA | 2.2 % |
 |
MEXICO | 1.9 % |
 |
HONG KONG | 1.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.8% | 7.5% | 4.2% | -6.9% | 1.6% | 1.8% | 8.1% | Volatility | 13.8% | 14.6% | 17.2% | 18.4% | 22.2% | 20.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 45% |
| MSCI EAFE | 0.85 | 65% |
| MSCI Emg Mkts | 1.04 | 99% |
Liquidity Measures
| Avg. volume (000) | 24,598 |
| Turnover | 5.5% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $50,246 |
Technical Indicators
| Recent close | $41.93 |
| 30d moving avg. | $43.35 |
| Annualized volatility | 18.4% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 24.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EEM |
Expenses vs. EEM |
ALTAR Score™ vs. EEM |
|---|---|---|---|---|
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 87.5% | -3 bp | -0.1% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 82.0% | -58 bp | +0.6% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 81.8% | -60 bp | +0.6% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 79.7% | -33 bp | +0.3% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 75.2% | +1 bp | -0.6% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 75.2% | -20 bp | -0.3% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 74.0% | -39 bp | +0.5% |
| SCHE | Schwab Emerging Markets Equity ETF | 73.3% | -58 bp | +0.5% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 71.1% | -44 bp | -0.3% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 69.4% | -34 bp | +0.5% |
Risk and Returns: EEM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EEM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
EEM
6.9%
Cat. Avg
7.5%
Fund Category: Emerging
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.9% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 161 funds in the Emerging category, with an average ALTAR Score™
of 7.5% and a standard deviation of
3.9%. EEM's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places EEM in the 44th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EEM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| EEM (69 bp) Percentile rank | 76 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EEM | 69.0 | 2.6 | 71.6 |
| Peer Avg. | 57.1 | 44.2 | 101.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .