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
$ 25.5 B
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Inception date | Jul 18, 2017 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 18.4 % |
| SAMSUNG ELECTRONICS CO LTD | 9.9 % |
| HYNIX SEMICONDUCTOR INC | 3.6 % |
| MEDIATEK INC | 2.1 % |
| DELTA ELECTRONICS INC | 1.5 % |
| HON HAI PRECISION INDUSTRY | 1.2 % |
| SAMSUNG ELECTRONICS-PFD | 1.1 % |
| HDFC BANK LIMITED | 0.9 % |
| RELIANCE INDUSTRIES LTD | 0.8 % |
| SK SQUARE CO., LTD. | 0.8 % |
Constituent Breakdown
| Number of holdings | 644 |
| Herfindahl-Hirschman Index | 521 |
| Wgt avg mkt cap (mns) | $306,919 |
| Large cap (>$10bn) | 78.8% |
| Mid cap ($2-10bn) | 12.4% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 1.2% |
| Emerging mkts. | 97.2% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 33.2 % |
 |
SOUTH KOREA | 23.6 % |
 |
INDIA | 12.1 % |
 |
BRAZIL | 4.3 % |
 |
SAUDI ARABIA | 3.0 % |
 |
SOUTH AFRICA | 2.9 % |
 |
MEXICO | 2.0 % |
 |
POLAND | 1.2 % |
 |
MALAYSIA | 1.2 % |
 |
UAE | 1.2 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 39.0% | 70.6% | 33.3% | 26.2% | 10.2% | -- | -- | 8.1% |
| Dividend Yield | 0.0% | 5.3% | 3.8% | 3.2% | 2.7% | -- | -- | 2.5% |
| Total Returns | 39.0% | 75.8% | 37.1% | 29.4% | 12.9% | -- | -- | 10.6% | Ann. Volatility | 29.8% | 21.6% | 19.9% | 17.8% | 17.4% | -- | -- | 21.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.35 | 54% |
| MSCI EAFE | 1.16 | 65% |
| MSCI Emg Mkts | 1.06 | 95% |
Liquidity Measures
| Avg. volume (000) | 2,423 |
| ADV traded (mns) | $252 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| 30d moving avg. (EMA) | $93.85 |
| Relative strength (RSI) | 64 |
| MACD/Signal | 2.92/2.62 |
| Bollinger Bands (Upper/Lower) | $101.96/$90.02 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EMXC |
Expenses vs. EMXC |
ALTAR Score™ vs. EMXC |
|---|---|---|---|---|
| STXE | Strive Emerging Markets Ex-China ETF | 73.0% | +7 bp | 0.0% |
| EEM | iShares MSCI Emerging Markets ETF | 72.6% | +44 bp | +2.7% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 72.6% | +44 bp | +2.4% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 71.2% | +5 bp | +2.9% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 65.9% | +41 bp | +2.1% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 64.5% | +45 bp | +1.9% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 64.4% | -10 bp | +2.9% |
| VEXC | Vanguard Emerging Markets Ex-China ETF | 64.1% | -18 bp | +0.9% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 63.5% | -16 bp | +3.1% |
| XCEM | Columbia EM Core ex-China ETF | 63.2% | -9 bp | +0.1% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
5.2%
ALTAR SCORE™
18th
PERCENTILE
AVOID
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. EMXC's ALTAR Score™ is approximately -0.9 standard
deviations above the category average. This places EMXC in the 18th percentile
among funds in the category.
Sell-Side Consensus
$99.74
PRICE TARGET
-4.1%
UPSIDE