EMXC Performance — iShares MSCI Emerging Markets ex China ETF
Data updated: 2026-07-27
EMXC returned +38.36% year to date and +74.38% over one year to May 2026. Annualised returns are +29.22% over 3 years and +12.89% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $216, against $186 for the category, and to $174 over one year, against $149. Volatility over the past three years was 18.77% a year. In the 12 months to May 2026 the fund took in a net $1.7B, and assets reached $24.61B.
EMXC Growth of $100
What $100 invested in iShares MSCI Emerging Markets ex China 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 | EMXC | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $174 | $149 |
| 3 years (Jun 2023 – May 2026) | $216 | $186 |
| 5 years (Jun 2021 – May 2026) | $183 | $145 |
| Since data start (Sep 2019 – May 2026) | $256 | $202 |
EMXC Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +38.36% |
| 1 year | +74.38% |
| 3 years (annualised) | +29.22% |
| 5 years (annualised) | +12.89% |
EMXC Annual Returns
Calendar-year total returns of iShares MSCI Emerging Markets ex China ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +38.36% |
| 2025 | +34.94% |
| 2024 | +2.98% |
| 2023 | +18.70% |
| 2022 | −19.32% |
| 2021 | +8.67% |
| 2020 | +12.79% |
| 2019 (Sep–Dec) | +13.62% |
EMXC 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 | +9.7% | +9.8% | −11.3% | +16.2% | +11.5% | — | — | — | — | — | — | — |
| 2025 | +1.6% | −3.2% | +1.1% | +3.0% | +4.5% | +7.3% | +0.2% | +0.3% | +6.6% | +7.0% | −1.8% | +4.3% |
| 2024 | −2.5% | +3.8% | +2.7% | −2.0% | +0.7% | +5.2% | +1.4% | +1.1% | +0.8% | −3.9% | −2.0% | −1.9% |
| 2023 | +6.7% | −5.4% | +2.8% | +0.9% | +0.9% | +4.0% | +4.0% | −5.2% | −2.5% | −3.4% | +9.8% | +5.9% |
| 2022 | −0.2% | −4.4% | +0.7% | −6.3% | +0.4% | −11.9% | +4.9% | −0.8% | −10.1% | +3.7% | +10.1% | −5.0% |
| 2021 | +0.2% | +1.8% | +1.8% | +2.9% | +2.2% | +1.2% | −2.5% | +3.4% | −3.7% | +0.4% | −3.2% | +4.4% |
| 2020 | −4.5% | −8.4% | −20.2% | +10.3% | +2.3% | +6.1% | +8.5% | −0.1% | −0.6% | −0.7% | +14.3% | +10.4% |
| 2019 | — | — | — | — | — | — | — | — | +3.0% | +4.1% | −1.0% | +7.0% |
EMXC Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 18.77%
- 3-year Sharpe ratio: 1.32 (vs 4.5% risk-free rate)
- Best month: +16.17% (Apr 2026)
- Worst month: −11.32% (Mar 2026)
EMXC Fund Flows
Monthly money in and out of iShares MSCI Emerging Markets ex China ETF, from SEC Form N-PORT.
- 12-month net flow: $1.7B
- 12-month gross sales (incl. reinvestments): $4.8B
- Sales ÷ redemptions: 1.54×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $0 | $0 |
| Apr 2026 | $1.6B | $0 | $1.6B |
| Mar 2026 | $1.6B | $0 | $1.6B |
| Feb 2026 | $885.4M | $0 | $885.4M |
| Jan 2026 | $593.5M | $0 | $593.5M |
| Dec 2025 | $222.0M | $0 | $222.0M |
| Nov 2025 | $0 | $3 | −$3 |
| Oct 2025 | $0 | $438.3M | −$438.3M |
| Sep 2025 | $0 | $558.0M | −$558.0M |
| Aug 2025 | $0 | $642.5M | −$642.5M |
| Jul 2025 | $0 | $375.2M | −$375.2M |
| Jun 2025 | $0 | $1.1B | −$1.1B |
EMXC Assets Under Management
Net assets of iShares MSCI Emerging Markets ex China ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $24.61B |
| 2026-02-28 | $18.04B |
| 2025-11-30 | $13.11B |
| 2025-08-31 | $12.65B |
| 2025-05-31 | $13.91B |
| 2025-02-28 | $14.99B |
| 2024-11-30 | $15.92B |
| 2024-08-31 | $16.00B |
| 2024-05-31 | $13.39B |
| 2024-02-29 | $10.90B |
| 2023-11-30 | $7.92B |
| 2023-08-31 | $5.09B |
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.