Compare/Updated Oct 26, 2026, refreshed every trading day
EEM vs IEMG
iShares MSCI Emerging Markets ETF against iShares Core MSCI Emerging Markets ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
IEMG did slightly better over the comparison period: $1,000 grew to $1,993 (+99.3%), versus $1,988 (+98.8%) for EEM. The difference was minimal, with nearly identical daily performance: correlation was 0.998, and EEM moved 1.03% for each 1% move in IEMG. EEM led in 26 of the last 48 months, while IEMG led in 22, with a typical monthly gap of 0.22 points. IEMG also had lower 12-month volatility at 24.6%, compared with 25.3% for EEM, and a marginally less severe worst drawdown of -17.2% versus -17.3%. Its key advantage is cost: a 0.09% expense ratio versus EEM’s 0.72%. Given the nearly identical exposure and risk, IEMG’s lower fee makes it the more efficient choice, despite EEM’s slightly stronger recent 1-year return.
- Price is below its 200-day average ($64); 50-day at $67.
- RSI 32, neutral. Supertrend says sell. ADX 28, so the trend is strong.
- Price is below its 200-day average ($78); 50-day at $81.
- RSI 32, neutral. Supertrend says sell. ADX 27, so the trend is strong.
Head to head
Which has returned more, EEM or IEMG?
EEM beat IEMG in 26 of the last 48 months; IEMG won the other 22. The typical monthly gap was 0.22 points.
Total return by period
Which is riskier?
Both: Oct 7, 2024 to Apr 8, 2025
- 0.998
- correlation of daily moves, 4 years
- 1.03
- EEM move per 1% in IEMG
- 0.999
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.22 points.
When did they diverge?
| Month | EEM | IEMG | Gap |
|---|---|---|---|
| September 2025 | +7.1% | +6.2% | +0.94 pts |
| November 2022 | +15.6% | +14.7% | +0.91 pts |
| May 2026 | +7.2% | +6.3% | +0.87 pts |
| August 2026 | +4.6% | +5.3% | -0.74 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with EEM and IEMG?
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