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EEM correlations (iShares MSCI Emerging Markets ETF)

EEM measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · International

Volatility (ann.)
18.0%
3y weekly
Beta vs S&P 500
0.85
3y weekly
1-year return
+38.1%
price, adjusted
5-year return
+47.1%
price, adjusted
Expense ratio
0.72%
annual
Assets
$29.2B
under management
Dividend yield
1.73%
trailing
Max drawdown
-17.3%
3y, daily closes
0%+43%2025-09-052026-08-27
EEM over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with EEM

AssetCorrelation (3Y)
IEMGiShares Core MSCI Emerging Markets ETF1.00
VWOVanguard FTSE Emerging Markets ETF0.96
AEFabrdn Emerging Markets ex-China Fund, Inc.0.92
EMFTempleton Emerging Markets Fund0.90
VEAVanguard FTSE Developed Markets ETF0.84
VTVanguard Total World Stock ETF0.81
ACWIiShares MSCI ACWI ETF0.81
IEFAiShares Core MSCI EAFE ETF0.79
EFAiShares MSCI EAFE ETF0.79
KFKorea Fund, Inc. (The) New0.78
CHWCalamos Global Dynamic Income Fund - Closed End Fund0.78
IHDVoya Emerging Markets High Income Dividend Equity Fund0.76
SOXXiShares Semiconductor ETF0.76
IAEVoya Asia Pacific High Dividend Equity Income Fund ING Asia0.75
ETOEaton Vance Tax-Advantage Global Dividend Opp0.74

Best diversifiers for EEM

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from EEM.

AssetCorrelation (3Y)
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.59
FNGDMicroSectors FANG Index -3X Inverse Leveraged ETNs due-0.57
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.49
USOUnited States Oil Fund-0.26
MOBXMobix Labs, Inc.-0.25
CFCF Industries-0.22
ANNAAleAnna, Inc.-0.20
MACIMelar Acquisition Corp. I - Class A-0.19
PEDPedevco Corp.-0.18
BATLBattalion Oil Corporation-0.18

EEM vs benchmarks

EEM vs SPY 0.69 EEM vs QQQ 0.71

EEM vs its peers

EEM vs IEMG 1.00 EEM vs VWO 0.96 EEM vs VEA 0.84 EEM vs IEFA 0.79 EEM vs EFA 0.79

Get EEM data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/eem.json

Correlations, diversifiers, beta and volatility for EEM, plus one endpoint per pair. API documentation.

EEM holdings overlap with other ETFs

ETFOverlapCorrelation (3Y)
EEM vs IEMGiShares Core MSCI Emerging Markets ETF87.1%1.00
EEM vs VWOVanguard FTSE Emerging Markets ETF64.1%0.96
EEM vs FXIiShares China Large-Cap ETF12.7%0.64
EEM vs ACWIiShares MSCI ACWI ETF11.2%0.81
EEM vs VTVanguard Total World Stock ETF9.7%0.81
EEM vs VEAVanguard FTSE Developed Markets ETF8.3%0.84
EEM vs IEFAiShares Core MSCI EAFE ETF0.4%0.79
EEM vs MDYSPDR S&P MidCap 400 ETF0.4%0.60
EEM vs VYMVanguard High Dividend Yield ETF0.4%0.57
EEM vs EFAiShares MSCI EAFE ETF0.3%0.79
EEM vs ICLNiShares Global Clean Energy ETF0.3%0.58
EEM vs IWMiShares Russell 2000 ETF0.3%0.60
EEM vs QQQInvesco QQQ Trust0.3%0.71
EEM vs QQQMInvesco Nasdaq 100 ETF0.3%0.70
EEM vs EWJiShares MSCI Japan ETF0.2%0.71
EEM vs IVViShares Core S&P 500 ETF0.1%0.68
EEM vs MTUMiShares MSCI USA Momentum Factor ETF0.1%0.68
EEM vs QUALiShares MSCI USA Quality Factor ETF0.1%0.64
EEM vs RSPInvesco S&P 500 Equal Weight ETF0.1%0.62
EEM vs SCHDSchwab US Dividend Equity ETF0.1%0.40
EEM vs SPYSPDR S&P 500 ETF Trust0.1%0.69
EEM vs SPYVSPDR Portfolio S&P 500 Value ETF0.1%0.57
EEM vs VOOVanguard S&P 500 ETF0.1%0.69
EEM vs VTIVanguard Total Stock Market ETF0.1%0.69
EEM vs VTVVanguard Value ETF0.1%0.58
EEM vs XLEEnergy Select Sector SPDR Fund0.1%0.03
EEM vs DGROiShares Core Dividend Growth ETF0.0%0.55
EEM vs DIASPDR Dow Jones Industrial Average ETF0%0.57
EEM vs IBBiShares Biotechnology ETF0.0%0.46
EEM vs SOXXiShares Semiconductor ETF0%0.76
EEM vs SPYGSPDR Portfolio S&P 500 Growth ETF0.0%0.66
EEM vs USMViShares MSCI USA Min Vol Factor ETF0.0%0.43
EEM vs VIGVanguard Dividend Appreciation ETF0.0%0.59
EEM vs VNQVanguard Real Estate ETF0.0%0.38
EEM vs VUGVanguard Growth ETF0%0.63
EEM vs XLBMaterials Select Sector SPDR Fund0%0.59
EEM vs XLCCommunication Services Select Sector SPDR Fund0%0.51
EEM vs XLFFinancial Select Sector SPDR Fund0%0.37
EEM vs XLIIndustrial Select Sector SPDR Fund0%0.59
EEM vs XLKTechnology Select Sector SPDR Fund0.0%0.70
EEM vs XLPConsumer Staples Select Sector SPDR Fund0%0.24
EEM vs XLREReal Estate Select Sector SPDR Fund0%0.37
EEM vs XLUUtilities Select Sector SPDR Fund0%0.25
EEM vs XLVHealth Care Select Sector SPDR Fund0.0%0.26
EEM vs XLYConsumer Discretionary Select Sector SPDR Fund0%0.58