EEMS Performance — iShares MSCI Emerging Markets Small-Cap ETF
Data updated: 2026-07-27
EEMS returned +15.95% year to date and +31.51% over one year to May 2026. Annualised returns are +18.14% over 3 years and +7.78% over 5 years. The fund trailed its Emerging Markets Equity category average: $100 invested three years ago grew to $165, against $186 for the category, and to $132 over one year, against $149. Volatility over the past three years was 14.10% a year. In the 12 months to May 2026 the fund lost a net $62.8M, and assets reached $398.18M.
EEMS Growth of $100
What $100 invested in iShares MSCI Emerging Markets Small-Cap ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | EEMS | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $132 | $149 |
| 3 years (Jun 2023 – May 2026) | $165 | $186 |
| 5 years (Jun 2021 – May 2026) | $145 | $145 |
| Since data start (Sep 2019 – May 2026) | $223 | $202 |
EEMS Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +15.95% |
| 1 year | +31.51% |
| 3 years (annualised) | +18.14% |
| 5 years (annualised) | +7.78% |
EEMS Annual Returns
Calendar-year total returns of iShares MSCI Emerging Markets Small-Cap ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +15.95% |
| 2025 | +18.93% |
| 2024 | +3.31% |
| 2023 | +22.53% |
| 2022 | −18.41% |
| 2021 | +18.00% |
| 2020 | +18.82% |
| 2019 (Sep–Dec) | +11.82% |
EEMS Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.4% | +4.0% | −8.9% | +11.8% | +2.0% | — | — | — | — | — | — | — |
| 2025 | −2.4% | −1.9% | 0.0% | +2.2% | +7.1% | +5.9% | 0.0% | +3.2% | +2.1% | +1.9% | −1.0% | +0.8% |
| 2024 | −2.1% | +2.9% | +0.6% | +1.1% | +1.4% | +2.4% | −0.1% | +1.5% | +3.3% | −4.3% | −1.6% | −1.6% |
| 2023 | +6.5% | −3.5% | +1.3% | +0.9% | +0.7% | +5.0% | +6.0% | −2.0% | −2.1% | −4.5% | +8.9% | +4.2% |
| 2022 | −3.2% | −3.3% | +1.8% | −5.3% | −1.1% | −10.0% | +2.8% | +1.1% | −9.9% | +0.7% | +10.0% | −2.0% |
| 2021 | +0.2% | +5.7% | +1.5% | +5.9% | +1.5% | +3.3% | −1.5% | +0.8% | −2.4% | +0.8% | −2.8% | +4.0% |
| 2020 | −4.1% | −7.2% | −22.9% | +13.5% | +2.6% | +9.0% | +9.1% | +4.1% | −1.7% | −0.6% | +14.2% | +7.5% |
| 2019 | — | — | — | — | — | — | — | — | +2.0% | +3.9% | −0.6% | +6.1% |
EEMS Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 14.10%
- 3-year Sharpe ratio: 0.97 (vs 4.5% risk-free rate)
- Best month: +11.75% (Apr 2026)
- Worst month: −8.93% (Mar 2026)
EEMS Fund Flows
Monthly money in and out of iShares MSCI Emerging Markets Small-Cap ETF, from SEC Form N-PORT.
- 12-month net flow: −$62.8M
- 12-month gross sales (incl. reinvestments): $6.6M
- Sales ÷ redemptions: 0.09×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $62.5M | −$62.5M |
| Apr 2026 | $0 | $0 | $0 |
| Mar 2026 | $0 | $0 | −$0 |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $0 | $0 | $0 |
| Dec 2025 | $6.6M | $6.8M | −$257K |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $0 | $0 | $0 |
| Sep 2025 | $0 | $0 | $0 |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $0 | $0 | $0 |
| Jun 2025 | $0 | $0 | $0 |
EEMS Assets Under Management
Net assets of iShares MSCI Emerging Markets Small-Cap ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $398.18M |
| 2026-02-28 | $443.67M |
| 2025-11-30 | $404.25M |
| 2025-08-31 | $392.49M |
| 2025-05-31 | $361.50M |
| 2025-02-28 | $318.74M |
| 2024-11-30 | $345.64M |
| 2024-08-31 | $373.81M |
| 2024-05-31 | $391.49M |
| 2024-02-29 | $362.07M |
| 2023-11-30 | $341.49M |
| 2023-08-31 | $318.51M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.