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
16.2 B
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 18, 2017 |
| Assets (mns) | $16,164 |
| Expense ratio | 25 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 | 13.5 % |
| RELIANCE INDUSTRIES LTD | 3.8 % |
| SAMSUNG ELECTRONICS CO LTD | 3.2 % |
| HDFC BANK LIMITED | 1.5 % |
| ICICI BANK LTD | 1.4 % |
| HON HAI PRECISION INDUSTRY | 1.4 % |
| INFOSYS TECHNOLOGIES LTD | 1.3 % |
| HYNIX SEMICONDUCTOR INC | 1.2 % |
| MEDIATEK INC | 1.0 % |
| AL RAJHI BANK | 0.8 % |
Constituent Breakdown
| Number of holdings | 689 |
| Herfindahl-Hirschman Index | 233 |
| Wgt avg mkt cap (mns) | $167,105 |
| Large cap (>$10bn) | 77.4% |
| Mid cap ($2-10bn) | 21.5% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 1.8% |
| Emerging mkts. | 98.1% |
Country Exposure
 |
INDIA | 26.7 % |
 |
TAIWAN | 25.5 % |
 |
SOUTH KOREA | 12.7 % |
 |
BRAZIL | 5.6 % |
 |
SAUDI ARABIA | 5.3 % |
 |
SOUTH AFRICA | 3.0 % |
 |
MEXICO | 2.3 % |
 |
MALAYSIA | 2.0 % |
 |
INDONESIA | 2.0 % |
 |
THAILAND | 1.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.0% | 20.9% | 13.5% | 0.2% | 5.3% | -- | 3.9% | Volatility | 14.4% | 14.4% | 14.2% | 16.0% | 21.2% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 80% |
| MSCI EAFE | 0.86 | 78% |
| MSCI Emg Mkts | 0.85 | 74% |
Liquidity Measures
| Avg. volume (000) | 1,692 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $17,529 |
Technical Indicators
| Recent close | $58.31 |
| 30d moving avg. | $60.67 |
| Annualized volatility | 17.2% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.0% |
| 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. EMXC |
Expenses vs. EMXC |
ALTAR Score™ vs. EMXC |
|---|---|---|---|---|
| XCNY | SPDR S&P Emerging Markets ex-China ETF | 73.8% | -10 bp | -0.4% |
| STXE | Strive Emerging Markets Ex-China ETF | 73.7% | +7 bp | +0.3% |
| EEM | iShares MSCI Emerging Markets ETF | 70.2% | +44 bp | +0.3% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 66.2% | -10 bp | +3.7% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 65.6% | +41 bp | +3.4% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 65.1% | +24 bp | -0.1% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 65.1% | +5 bp | +0.7% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 64.3% | +7 bp | -0.7% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 64.2% | -10 bp | +0.7% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 62.9% | -14 bp | +1.8% |
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
| 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 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
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
EMXC
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
EMXC
6.6%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. EMXC's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places EMXC in the 39th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EMXCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| EMXC (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 | 3.3 | 28.3 |
| Peer Avg. | 47.4 | 39.4 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .