iShares MSCI Emerging Markets ex China

10-Year Study

EMXC.US · · US · ETF

Executive Summary: iShares MSCI Emerging Markets ex China has compounded at 9.0% annually over the last 10 years, with a maximum drawdown of 34.4% and an annualized volatility of 14.8%.

1Y CAGR
+58.8%
3Y CAGR
+24.2%
5Y CAGR
+9.9%
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 →
34.4%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.35
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.49
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
18.6%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +35.1%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -19.6%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
78%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20269.89.8-10.311.7————————20.9%
20251.7-3.30.93.04.47.8-0.51.06.47.0-1.54.135.1%
2024-2.43.33.1-2.00.94.91.70.70.7-3.6-1.9-2.32.7%
20237.2-5.62.71.20.94.04.0-5.2-2.8-3.39.76.019.0%
2022-0.0-3.2-0.8-6.3-0.1-11.44.7-1.5-10.14.79.9-5.2-19.6%
20210.31.62.61.63.00.7-2.02.9-3.60.2-2.94.28.5%
2020-5.6-7.3-20.810.24.15.87.50.7-0.2-1.014.110.012.8%
20198.6-1.9-0.12.1-4.55.5-2.8-4.63.13.7-0.57.015.8%
20186.4-4.60.2-1.1-5.9-4.25.4-3.30.4-7.63.1-1.5-12.9%
2017———————1.6-0.73.3-0.13.47.7%

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 14.8%. The dominant macroeconomic risk driver is VEA.US, accounting for 40.9% of variance. Idiosyncratic stock-specific factors contribute 8.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2017-07-0110000
2017-08-0110158.179527452014
2017-09-0110090.960510951916
2017-10-0110423.074402153727
2017-11-0110413.218526133849
2017-12-0110770.530445189435
2018-01-0111456.46057528214
2018-02-0110934.293350682265
2018-03-0110956.262729495043
2018-04-0110830.442519123071
2018-05-0110193.354809109162
2018-06-019767.707197945318
2018-07-0110291.937844864628
2018-08-019948.2202375606
2018-09-019988.42055945448
2018-10-019226.556488006661
2018-11-019516.260981654961
2018-12-019377.040663985026
2019-01-0110179.978977367899
2019-02-019991.382177371783
2019-03-019985.556043763974
2019-04-0110194.520035830721
2019-05-019739.256245493849
2019-06-0110270.793834979619
2019-07-019987.061128279323
2019-08-019529.054200035444
2019-09-019826.842454064577
2019-10-0110190.417466748557
2019-11-0110144.099704566475
2019-12-0110857.995275976666
2020-01-0110245.037469321765
2020-02-019492.810793883531
2020-03-017515.858007413754
2020-04-018283.815243593073
2020-05-018624.061446289117
2020-06-019127.390838890413
2020-07-019809.70391103494
2020-08-019873.597176267245
2020-09-019856.555735464404
2020-10-019760.715837615946
2020-11-0111134.712346790893
2020-12-0112243.158541233248
2021-01-0112284.062854271408
2021-02-0112477.854623401152
2021-03-0112802.97715427359
2021-04-0113008.955252866337
2021-05-0113397.267057826803
2021-06-0113486.698208706672
2021-07-0113216.43843597443
2021-08-0113599.118311780685
2021-09-0113110.499906539106
2021-10-0113142.932050289242
2021-11-0112755.931125390533
2021-12-0113288.221257133979
2022-01-0113286.036457031052
2022-02-0112856.45620568194
2022-03-0112751.245942947586
2022-04-0111944.714847173234
2022-05-0111929.372695339336
2022-06-0110568.582089008756
2022-07-0111064.264681249804
2022-08-0110896.107899994417
2022-09-019798.512879396607
2022-10-0110261.010785629842
2022-11-0111276.700077924537
2022-12-0110688.940299123411
2023-01-0111454.518530746207
2023-02-0110817.285167392101
2023-03-0111107.742203298076
2023-04-0111236.111347123468
2023-05-0111332.922267239894
2023-06-0111789.739693205514
2023-07-0112261.510862097846
2023-08-0111628.695650062997
2023-09-0111302.092310231903
2023-10-0110934.657484032752
2023-11-0111993.872849489122
2023-12-0112715.269567919368
2024-01-0112405.464913324124
2024-02-0112813.94970590163
2024-03-0113210.927884603714
2024-04-0112947.028307726667
2024-05-0113057.190784027654
2024-06-0113701.221303257536
2024-07-0113937.276816600597
2024-08-0114039.112776953758
2024-09-0114143.254915193342
2024-10-0113631.768935541113
2024-11-0113370.24836322059
2024-12-0113056.07410841949
2025-01-0113284.4585458456
2025-02-0112851.236960991608
2025-03-0112971.303864425872
2025-04-0113359.809873839931
2025-05-0113948.46784823893
2025-06-0115041.232033053597
2025-07-0114965.006785018099
2025-08-0115119.83628564562
2025-09-0116082.240730985564
2025-10-0117211.418250849038
2025-11-0116956.524905507395
2025-12-0117643.474608981473
2026-01-0119376.749357304634
2026-02-0121284.808113862073
2026-03-0119095.15289959387
2026-04-0121323.6490045808
Annual Return Matrix
YearAnnual Return
2018-0.1293798655781897
20190.15793411429680937
20200.1275708111902809
20210.08535891390943817
2022-0.19560789271288714
20230.1895725125307448
20240.02680277745428028
20250.3513614017864448
20260.20858558062740773
Total Factor Risk
0.14828709440454138
VTI.US Exposure
-0.2291744210877898
VEA.US Exposure
0.40921300579135206
VWO.US Exposure
0.24338494785006864
QQQ.US Exposure
0.24125649218273731
VTV.US Exposure
0.09889574626613895
IJR.US Exposure
0.03815642771520793
QUAL.US Exposure
-0.050377899002648434
SHV.US Exposure
0.005317212394706954
TLT.US Exposure
0.082955788157397
LQD.US Exposure
-0.0766519006645676
HYG.US Exposure
0.09592382112530345
GLD.US Exposure
0.08263707904257091
USO.US Exposure
-0.008969437697060816
VNQ.US Exposure
0.037780336185665765
BTC-USD.CC Exposure
-0.0021310831214645725
CPER.US Exposure
0.0023080567671019793
VIX.INDX Exposure
-0.009707653211896322
UUP.US Exposure
-0.03422285909370331
TIP.US Exposure
-0.015588951888528817
Idiosyncratic Exposure
0.08899529228940876
Value Score
45.3
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
28.1
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
14.8%

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 →11.7x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →2.34%
Market Cap$74.6B
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 →
+6.9%
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 →
+22.4%
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 →
0.5% 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 →
1.01
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares MSCI Emerging Markets ex China a high-risk investment?

iShares MSCI Emerging Markets ex China (EMXC.US) has an annualized volatility of 14.8% and experienced a maximum drawdown of 34.4% over the last 10 years. Its primary macro risk driver is VEA.US.

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

Over the past 10 years, EMXC.US has generated a Compound Annual Growth Rate (CAGR) of 9.0%. It has had a positive return in 78% 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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