iShares MSCI Emerging Markets ETF

10-Year Study

EEM.US · · US · ETF

Executive Summary: iShares MSCI Emerging Markets ETF has compounded at 9.0% annually over the last 10 years, with a maximum drawdown of 36.5% and an annualized volatility of 16.1%.

1Y CAGR
+44.9%
3Y CAGR
+21.4%
5Y CAGR
+5.1%
10Y CAGR
+9.0%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
36.5%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.33
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.51
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
16.8%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +37.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -20.6%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20268.05.9-9.310.0————————14.1%
20252.21.11.10.14.07.00.72.77.13.6-1.82.234.0%
2024-4.54.22.7-0.22.02.60.81.05.7-3.1-2.7-1.76.5%
20239.1-7.63.2-0.8-2.44.46.0-6.6-3.1-3.37.83.68.9%
2022-0.0-4.3-3.4-6.10.6-5.2-0.3-1.3-11.5-2.015.6-2.6-20.6%
20213.20.8-0.71.21.61.0-6.41.6-3.91.1-4.11.5-3.6%
2020-6.2-3.8-15.87.43.06.68.32.9-1.01.49.07.117.0%
201910.3-1.51.12.4-7.36.2-2.7-3.81.74.2-0.17.718.2%
20188.3-5.90.5-2.8-2.6-4.53.5-3.8-0.6-8.84.9-3.5-15.3%
20176.71.73.71.72.80.95.82.4-0.03.3-0.43.837.3%
2016———0.4-3.74.65.40.92.5-0.8-4.4-0.34.2%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 16.1%. The dominant macroeconomic risk driver is VWO.US, accounting for 80.0% of variance. Idiosyncratic stock-specific factors contribute 0.7%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110040.857683321976
2016-05-019670.076940739958
2016-06-0110110.909839740203
2016-07-0110653.832275747447
2016-08-0110749.470599598348
2016-09-0111020.202866962865
2016-10-0110928.974694478564
2016-11-0110446.372923857462
2016-12-0110419.98491072177
2017-01-0111113.472101236666
2017-02-0111306.93560085579
2017-03-0111723.60378616962
2017-04-0111923.00823349747
2017-05-0112262.334756001997
2017-06-0112375.941713106897
2017-07-0113096.54586739659
2017-08-0113404.527512419498
2017-09-0113398.550117178818
2017-10-0113838.107352560623
2017-11-0113784.274347862534
2017-12-0114302.776937459681
2018-01-0115489.61792052251
2018-02-0114575.951189465206
2018-03-0114654.896543680545
2018-04-0114242.055349222028
2018-05-0113868.723279403137
2018-06-0113238.290319171037
2018-07-0113705.729916498705
2018-08-0113189.41417881888
2018-09-0113113.02015184042
2018-10-0111964.266839670952
2018-11-0112550.853418960736
2018-12-0112112.972770048878
2019-01-0113365.82023348289
2019-02-0113161.167341553468
2019-03-0113310.019062059215
2019-04-0113623.21270415174
2019-05-0112624.659671170368
2019-06-0113408.354503274812
2019-07-0113052.152773474945
2019-08-0112558.434505607454
2019-09-0112770.923616907281
2019-10-0113305.24443537306
2019-11-0113292.742931912368
2019-12-0114320.308200330213
2020-01-0113439.444248032743
2020-02-0112932.021708150034
2020-03-0110892.636505119055
2020-04-0111693.716809966214
2020-05-0112041.5720549483
2020-06-0112836.893649746507
2020-07-0113896.204718497489
2020-08-0114297.492045326153
2020-09-0114153.01402865505
2020-10-0114352.054000663346
2020-11-0115642.47886954335
2020-12-0116757.70045231387
2021-01-0117289.57928613864
2021-02-0117425.820160587828
2021-03-0117299.310777170725
2021-04-0117506.87947165658
2021-05-0117795.543924743135
2021-06-0117964.66047301607
2021-07-0116808.28962666793
2021-08-0117072.13331049288
2021-09-0116410.865738226537
2021-10-0116586.76152744317
2021-11-0115909.23835592473
2021-12-0116148.990221127178
2022-01-0116145.67349571924
2022-02-0115448.140629157297
2022-03-0114925.847496236793
2022-04-0114010.10325585803
2022-05-0114096.082983740756
2022-06-0113369.027616294963
2022-07-0113322.374775392085
2022-08-0113145.677140472433
2022-09-0111628.730860489783
2022-10-0111398.710486319418
2022-11-0113175.673459271706
2022-12-0112828.182689609173
2023-01-0113999.278338867285
2023-02-0112939.857927520437
2023-03-0113356.198085046673
2023-04-0113244.486399603453
2023-05-0112926.335893164995
2023-06-0113494.917391668823
2023-07-0114310.212233978578
2023-08-0113361.88390003171
2023-09-0112945.725980165253
2023-10-0112519.326303819338
2023-11-0113494.917391668823
2023-12-0113976.061261011711
2024-01-0113343.477896394246
2024-02-0113899.594338969337
2024-03-0114278.466433645446
2024-04-0114247.194451227737
2024-05-0114525.25267251528
2024-06-0114905.509773405696
2024-07-0115031.508891375423
2024-08-0115178.501787751442
2024-09-0116049.962276804428
2024-10-0115556.46269412867
2024-11-0115140.01319400657
2024-12-0114883.130988785097
2025-01-0115203.431899608919
2025-02-0115377.796892483426
2025-03-0115552.198332889888
2025-04-0115573.55658661574
2025-05-0116199.907423268836
2025-06-0117334.22751278397
2025-07-0117449.219476103175
2025-08-0117916.331045643245
2025-09-0119188.38635841774
2025-10-0119871.1215270058
2025-11-0119518.96547325298
2025-12-0119940.44473278492
2026-01-0121540.491385625824
2026-02-0122808.865497672825
2026-03-0120698.553397456693
2026-04-0122761.483706130843
Annual Return Matrix
YearAnnual Return
20170.3726293329602295
2018-0.1531034271866184
20190.1822290425467894
20200.1702052929229172
2021-0.03632421005011144
2022-0.20563561473791114
20230.08948099658202713
20240.06490167085227294
20250.3398017357913916
20260.14147322244562233
Total Factor Risk
0.16086011864839034
VTI.US Exposure
-0.13990775651833973
VEA.US Exposure
0.13654497594672466
VWO.US Exposure
0.8003953049111014
QQQ.US Exposure
0.08217916948517533
VTV.US Exposure
0.05856913825372278
IJR.US Exposure
-0.002278971590543967
QUAL.US Exposure
0.013045643679501184
SHV.US Exposure
0.05193841635019462
TLT.US Exposure
0.030713096376912382
LQD.US Exposure
-0.010339483263454994
HYG.US Exposure
-0.00027998073369195445
GLD.US Exposure
0.022614854506004
USO.US Exposure
-0.004873145811914546
VNQ.US Exposure
-0.0027291330074997126
BTC-USD.CC Exposure
-0.0013140719075289107
CPER.US Exposure
-0.005444019099039908
VIX.INDX Exposure
-0.006343900907623439
UUP.US Exposure
-0.02043030676179552
TIP.US Exposure
-0.00906640888314886
Idiosyncratic Exposure
0.007006578975245156
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
16.1%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+5.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+15.1%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.4% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.96
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares MSCI Emerging Markets ETF a high-risk investment?

iShares MSCI Emerging Markets ETF (EEM.US) has an annualized volatility of 16.1% and experienced a maximum drawdown of 36.5% over the last 10 years. Its primary macro risk driver is VWO.US.

What is the 10-year return of EEM.US?

Over the past 10 years, EEM.US has generated a Compound Annual Growth Rate (CAGR) of 9.0%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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