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.
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 07, 2003 |
| Assets (mns) | $18,227 |
| 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 | 8.0 % |
| TENCENT HOLDINGS LTD | 4.1 % |
| SAMSUNG ELECTRONICS CO LTD | 3.6 % |
| ALIBABA GROUP HOLDING LTD. | 2.1 % |
| RELIANCE INDUSTRIES LTD | 1.4 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.1 % |
| MEITUAN DIANPING | 1.0 % |
| ICICI BANK LTD | 0.9 % |
| HYNIX SEMICONDUCTOR INC | 0.9 % |
| CHINA CONSTRUCTION BANK-H | 0.9 % |
Constituent Breakdown
| Number of holdings | 1241 |
| Herfindahl-Hirschman Index | 118 |
| Wgt avg mkt cap (mns) | $125,058 |
| Large cap (>$10bn) | 77.6% |
| Mid cap ($2-10bn) | 21.3% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 5.7% |
| Emerging mkts. | 94.4% |
Country Exposure
 |
CHINA | 23.5 % |
 |
TAIWAN | 16.6 % |
 |
INDIA | 15.7 % |
 |
SOUTH KOREA | 11.4 % |
 |
BRAZIL | 4.6 % |
 |
SAUDI ARABIA | 3.8 % |
 |
RUSSIA | 3.4 % |
 |
MEXICO | 2.3 % |
 |
SOUTH AFRICA | 2.1 % |
 |
HONG KONG | 1.7 % |
Historical Performance
Standardized Annual Returns (as of 04/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -0.8% | 4.7% | -0.5% | -7.5% | 0.3% | 1.8% | 8.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 44% |
| MSCI EAFE | 0.88 | 68% |
| MSCI Emg Mkts | 1.03 | 99% |
Liquidity Measures
| Avg. volume (000) | 26,257 |
| Turnover | 6.3% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $66,127 |
Technical Indicators
| Recent close | $43.60 |
| 30d moving avg. | $39.24 |
| Annualized volatility | 18.3% |
| Relative strength (RSI) | 64 |
| Short interest (ETF) | 17.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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 | 87.0% | -3 bp | -3.4% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 81.9% | -60 bp | -1.2% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 81.9% | -58 bp | -2.9% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 80.7% | -33 bp | -3.2% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 73.6% | +1 bp | -4.7% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 73.6% | -20 bp | -4.2% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 73.6% | -39 bp | -3.1% |
| VWO | Vanguard FTSE Emerging Markets ETF | 73.2% | -61 bp | -3.1% |
| SCHE | Schwab Emerging Markets Equity ETF | 72.6% | -58 bp | -3.0% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 69.9% | -50 bp | -3.7% |
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.
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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
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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 5/16/2024
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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.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
EEM
13.5%
Cat. Avg
8.1%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 13.5% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 162 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 8.1% and a standard deviation of
4.1%. EEM's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places EEM in the 90th 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
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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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. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .