EMXC

iShares MSCI Emerging Markets ex China ETF

The iShares MSCI Emerging Markets ex China ETF tracks a market-cap- weighted index of emerging-market firms, excluding China. The index covers 85% of the universe by market cap.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

13.3 B

ASSETS UNDER MGMT

25 bp

EXPENSES
Fund Basics
Fund sponsorBlackRock
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateJul 18, 2017
Assets (mns)$13,274
Expense ratio25 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-Annually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TAIWAN SEMICONDUCTOR MANUFAC 15.6 %
SAMSUNG ELECTRONICS CO LTD 3.9 %
HYNIX SEMICONDUCTOR INC 2.0 %
HDFC BANK LIMITED 1.9 %
RELIANCE INDUSTRIES LTD 1.4 %
HON HAI PRECISION INDUSTRY 1.4 %
ICICI BANK LTD 1.3 %
MEDIATEK INC 1.1 %
BHARTI AIRTEL LIMITED 0.8 %
INFOSYS TECHNOLOGIES LTD 0.8 %
Constituent Breakdown
Number of holdings651
Herfindahl-Hirschman Index 291
Wgt avg mkt cap (mns)$193,839
Large cap (>$10bn)72.4%
Mid cap ($2-10bn)18.7%
Small cap (<$2bn)0.2%
Developed mkts.1.8%
Emerging mkts.92.6%
Country Exposure
TAIWAN 28.1 %
INDIA 20.8 %
SOUTH KOREA 15.2 %
BRAZIL 5.2 %
SAUDI ARABIA 4.6 %
SOUTH AFRICA 3.4 %
MEXICO 2.6 %
UAE 1.7 %
MALAYSIA 1.6 %
POLAND 1.4 %
Historical Performance


Standardized Performance (as of 08/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 14.5% 4.6% 11.3% 8.8% 6.5% -- -- 2.8%
Dividend Yield 0.0% 0.0% 1.1% 1.6% 1.8% -- -- 2.0%
Total Returns 14.5% 4.6% 12.4% 10.5% 8.3% -- -- 4.8%
Ann. Volatility 18.3% 17.1% 15.6% 15.6% 16.3% -- -- 19.8%
Market Correlations
versus...BetaR-squared
S&P 5000.8568%
MSCI EAFE0.7154%
MSCI Emg Mkts0.7260%
Liquidity Measures
Avg. volume (000)1,613
ADV traded (mns)$109
Turnover0.8%
Avg. Bid/Ask (% of price)0.03%
Technical Indicators
Recent close$67.38
30d moving avg.$64.26
Annualized volatility15.6%
Relative strength (RSI)64
Short interest0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: EMXC 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.

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Results & Estimates
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
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Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Return on Equity
Net Margins

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Valuation Metrics
  Fwd Est 2024 2025 2026
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 9/18/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

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.

ALTAR Score™

EMXC

7.4%

Cat. Avg

7.8%


ALTAR Score™ Calculation

Category Overview
There are 123 funds in the Emerging Equity category, with an average ALTAR Score™ of 7.8% and a standard deviation of 2.6%. EMXC's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places EMXC in the 44th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

EMXC
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
(25 bp) Percentile rank 9
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
EMXC 25.0 0.0 25
Peer Avg. 47.8 40.7 88.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .