iShares MSCI Emerging Markets Small-Cap ETF

10-Year Study

EEMS.US · · US · ETF

Executive Summary: iShares MSCI Emerging Markets Small-Cap ETF has compounded at 9.2% annually over the last 10 years, with a maximum drawdown of 39.7% and an annualized volatility of 14.7%.

1Y CAGR
+29.1%
3Y CAGR
+17.3%
5Y CAGR
+7.0%
10Y CAGR
+9.2%

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 →
39.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.36
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.47
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
16.4%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +34.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -19.1%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20266.74.3-7.98.6————————11.4%
2025-2.7-1.6-0.12.87.36.4-1.23.62.41.5-0.81.119.8%
2024-1.92.61.11.11.31.80.31.03.0-3.7-1.2-2.23.1%
20237.1-3.61.11.20.75.16.5-2.0-2.3-4.79.33.823.1%
2022-2.9-3.61.2-4.4-2.3-9.83.20.5-9.00.79.4-2.6-19.1%
2021-0.16.62.24.42.22.8-0.8-0.3-2.20.8-2.13.618.1%
2020-4.9-5.3-21.38.64.58.18.64.5-1.1-0.614.87.419.5%
20196.7-0.00.90.2-4.84.2-2.7-4.42.03.4-0.26.211.2%
20186.0-5.70.5-1.5-1.5-6.92.3-3.0-3.4-10.16.5-2.7-19.0%
20175.34.63.70.9-0.91.93.61.80.13.31.64.434.8%
2016———0.6-2.32.94.20.62.6-2.0-4.7-1.00.5%

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 14.7%. The dominant macroeconomic risk driver is VEA.US, accounting for 29.2% of variance. Idiosyncratic stock-specific factors contribute 6.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110055.740659906607
2016-05-019820.593583072425
2016-06-0110110.22519226602
2016-07-0110534.67069046191
2016-08-0110598.450566670539
2016-09-0110873.008645297843
2016-10-0110654.81929035074
2016-11-0110154.69210743659
2016-12-0110051.2500039254
2017-01-0110585.606662500511
2017-02-0111070.28347658421
2017-03-0111475.416013742035
2017-04-0111582.281064819323
2017-05-0111482.889972647823
2017-06-0111706.637691991244
2017-07-0112127.15779160216
2017-08-0112349.932012096508
2017-09-0112360.138048417435
2017-10-0112767.93985661304
2017-11-0112973.159694635393
2017-12-0113549.408206909327
2018-01-0114358.134524979665
2018-02-0113539.2021705884
2018-03-0113610.644424834896
2018-04-0113401.436381850213
2018-05-0113204.978033469517
2018-06-0112299.84392615226
2018-07-0112580.68264251552
2018-08-0112202.525444433628
2018-09-0111789.730529237939
2018-10-0110594.24253938745
2018-11-0111282.160790606677
2018-12-0110977.01600620527
2019-01-0111709.526785349784
2019-02-0111704.28245284026
2019-03-0111814.539048294966
2019-04-0111843.42998188036
2019-05-0111271.075465002716
2019-06-0111743.191003614505
2019-07-0111428.217021156328
2019-08-0110930.664899713916
2019-09-0111145.054468830764
2019-10-0111526.163566648558
2019-11-0111498.434551044313
2019-12-0112211.695175528122
2020-01-0111612.710754650027
2020-02-0110992.152343148924
2020-03-018655.56668624132
2020-04-019398.911565480359
2020-05-019818.4581662422
2020-06-0110610.666407066974
2020-07-0111522.426587195661
2020-08-0112039.323072864818
2020-09-0111901.65149369267
2020-10-0111834.731298616061
2020-11-0113589.478675664726
2020-12-0114588.79094583264
2021-01-0114569.446581605895
2021-02-0115533.555877263776
2021-03-0115881.660223779121
2021-04-0116577.80611043245
2021-05-0116950.71897600482
2021-06-0117422.11224127698
2021-07-0117283.12172818028
2021-08-0117235.85992921721
2021-09-0116849.506498889896
2021-10-0116985.702128194094
2021-11-0116627.171923037065
2021-12-0117231.90312744356
2022-01-0116725.43250041609
2022-02-0116121.643391669992
2022-03-0116310.502168390178
2022-04-0115597.995220434681
2022-05-0115243.170591541864
2022-06-0113755.475931026036
2022-07-0114196.439506467486
2022-08-0114273.754156997104
2022-09-0112988.10761244697
2022-10-0113079.74211701456
2022-11-0114310.966935582639
2022-12-0113936.389701010241
2023-01-0114924.334016876073
2023-02-0114386.711426678265
2023-03-0114541.843178756371
2023-04-0114710.007254136583
2023-05-0114813.323744893054
2023-06-0115563.483116075608
2023-07-0116574.320356488995
2023-08-0116237.364141954973
2023-09-0115859.772201269318
2023-10-0115110.303700237722
2023-11-0116519.113550789945
2023-12-0117154.808299234704
2024-01-0116837.29065849346
2024-02-0117276.464252180165
2024-03-0117463.407434390887
2024-04-0117647.39871686571
2024-05-0117882.60860007725
2024-06-0118211.80822700737
2024-07-0118264.000326593163
2024-08-0118454.837504200175
2024-09-0119009.009574832227
2024-10-0118311.701770197742
2024-11-0118085.221973439184
2024-12-0117691.583003338157
2025-01-0117216.892403254624
2025-02-0116934.1380923819
2025-03-0116921.733832853388
2025-04-0117399.470542238858
2025-05-0118666.086754449047
2025-06-0119866.191013035463
2025-07-0119621.12052857847
2025-08-0120322.604957307365
2025-09-0120803.60759831553
2025-10-0121121.43927094357
2025-11-0120952.333099902964
2025-12-0121190.871721114563
2026-01-0122616.576487176506
2026-02-0123583.794698513684
2026-03-0121724.7259286708
2026-04-0123599.49629285358
Annual Return Matrix
YearAnnual Return
20170.3480321553655281
2018-0.18985273463030683
20190.11247857966362562
20200.19465731302138511
20210.18117417621683973
2022-0.19124489048367965
20230.23093632334284986
20240.031290043860612515
20250.1977939858245663
20260.11366330764671018
Total Factor Risk
0.1465763377574383
VTI.US Exposure
0.19324695056234747
VEA.US Exposure
0.2917769228834309
VWO.US Exposure
0.27492197676606306
QQQ.US Exposure
0.06445917905802855
VTV.US Exposure
-0.10803362847837648
IJR.US Exposure
-0.0608238026127345
QUAL.US Exposure
-0.08014208310846944
SHV.US Exposure
0.1886710090947405
TLT.US Exposure
0.014050989522493304
LQD.US Exposure
-0.07179915885893659
HYG.US Exposure
0.06623410780498476
GLD.US Exposure
-0.00038026143208304107
USO.US Exposure
-0.005517333373585772
VNQ.US Exposure
0.1389567290518033
BTC-USD.CC Exposure
-0.01805092767002527
CPER.US Exposure
0.041645414612584065
VIX.INDX Exposure
0.011185227603987852
UUP.US Exposure
-0.006040050919411453
TIP.US Exposure
-0.0030978632693608077
Idiosyncratic Exposure
0.06873660276251976
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
14.7%

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 →
+4.9%
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 →
+11.2%
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 →
0.7% 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 →
0.80
Market sensitivity coefficient

Frequently Asked Questions & Methodology

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

iShares MSCI Emerging Markets Small-Cap ETF (EEMS.US) has an annualized volatility of 14.7% and experienced a maximum drawdown of 39.7% over the last 10 years. Its primary macro risk driver is VEA.US.

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

Over the past 10 years, EEMS.US has generated a Compound Annual Growth Rate (CAGR) of 9.2%. It has had a positive return in 80% 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.

Run a Full Backtest on iShares MSCI Emerging Markets Small-Cap ETF

stresstest.pro lets you simulate DCA vs Lump Sum, Monte Carlo projections, portfolio optimisation, and more — all in seconds.

Start a Free Backtest