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
$ 25.7 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 | 19.2 % |
| SAMSUNG ELECTRONICS CO LTD | 8.9 % |
| SK HYNIX INC | 6.7 % |
| MEDIATEK INC | 2.1 % |
| DELTA ELECTRONICS INC | 1.1 % |
| SAMSUNG ELECTRONICS-PFD | 1.1 % |
| HON HAI PRECISION INDUSTRY | 1.0 % |
| HDFC BANK LIMITED | 0.9 % |
| RELIANCE INDUSTRIES LTD | 0.8 % |
| ICICI BANK LTD | 0.8 % |
Constituent Breakdown
| Number of holdings | 644 |
| Herfindahl-Hirschman Index | 518 |
| Wgt avg mkt cap (mns) | $554,060 |
| Large cap (>$10bn) | 84.9% |
| Mid cap ($2-10bn) | 9.0% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 1.4% |
| Emerging mkts. | 94.7% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 34.9 % |
 |
SOUTH KOREA | 25.4 % |
 |
INDIA | 12.5 % |
 |
BRAZIL | 4.3 % |
 |
SOUTH AFRICA | 3.0 % |
 |
SAUDI ARABIA | 3.0 % |
 |
MEXICO | 1.9 % |
 |
POLAND | 1.3 % |
 |
UAE | 1.3 % |
 |
MALAYSIA | 1.2 % |
Historical Performance
Standardized Performance (as of 08/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 35.2% | 54.8% | 27.3% | 24.2% | 9.3% | -- | -- | 7.5% |
| Dividend Yield | 0.8% | 3.9% | 3.5% | 3.1% | 2.7% | -- | -- | 2.5% |
| Total Returns | 36.0% | 58.7% | 30.7% | 27.3% | 12.0% | -- | -- | 10.0% | Ann. Volatility | 33.3% | 28.2% | 23.3% | 20.6% | 19.2% | -- | -- | 22.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.65 | 55% |
| MSCI EAFE | 1.42 | 61% |
| MSCI Emg Mkts | 1.12 | 97% |
Liquidity Measures
| Avg. volume (000) | 1,525 |
| ADV traded (mns) | $154 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| 30d moving avg. (EMA) | $94.93 |
| Relative strength (RSI) | 53 |
| MACD/Signal | 0.21/-0.54 |
| Bollinger Bands (Upper/Lower) | $98.66/$88.37 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EMXC |
Expenses vs. EMXC |
ALTAR Score™ vs. EMXC |
|---|---|---|---|---|
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 76.8% | +44 bp | +2.8% |
| EEM | iShares MSCI Emerging Markets ETF | 76.6% | +44 bp | +2.9% |
| STXE | Strive Emerging Markets Ex-China ETF | 76.5% | +7 bp | +0.0% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 75.2% | +5 bp | +3.1% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 67.7% | +45 bp | +2.0% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 67.7% | -10 bp | +3.1% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 67.3% | -16 bp | +3.2% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 66.9% | +41 bp | +2.6% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 66.6% | -14 bp | +3.0% |
| VEXC | Vanguard Emerging Markets Ex-China ETF | 66.5% | -18 bp | +0.6% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 9/6/2026
Peer Group Comparison
Sample data. Subscribe for access.
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
5.6%
ALTAR SCORE™
19th
PERCENTILE
AVOID
ETFRC RATING
There are 216 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.5% 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 19th percentile
among funds in the category.
Sell-Side Consensus
$96.31
PRICE TARGET
-4.8%
UPSIDE