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IEMG correlations (iShares Core MSCI Emerging Markets ETF)

Which assets move with IEMG and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

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

Volatility (ann.)

17.4%

3y weekly

Beta vs S&P 500

0.84

3y weekly

1-year return

+36.0%

price, adjusted

5-year return

+50.7%

price, adjusted

Expense ratio

0.09%

annual

Assets

$152.2B

under management

Dividend yield

2.31%

trailing

Max drawdown

-17.2%

3y, daily closes

IEMG over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with IEMG

Asset		Correlation (3Y)
EEM	iShares MSCI Emerging Markets ETF	1.00
VWO	Vanguard FTSE Emerging Markets ETF	0.96
AEF	abrdn Emerging Markets ex-China Fund, Inc.	0.92
EMF	Templeton Emerging Markets Fund	0.90
VEA	Vanguard FTSE Developed Markets ETF	0.85
VT	Vanguard Total World Stock ETF	0.82
ACWI	iShares MSCI ACWI ETF	0.81
IEFA	iShares Core MSCI EAFE ETF	0.80
EFA	iShares MSCI EAFE ETF	0.79
KF	Korea Fund, Inc. (The) New	0.78
CHW	Calamos Global Dynamic Income Fund - Closed End Fund	0.78
IHD	Voya Emerging Markets High Income Dividend Equity Fund	0.76
SOXX	iShares Semiconductor ETF	0.76
IAE	Voya Asia Pacific High Dividend Equity Income Fund ING Asia	0.76
ETO	Eaton Vance Tax-Advantage Global Dividend Opp	0.74

Best diversifiers for IEMG

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

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.60
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.58
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.50
USO	United States Oil Fund	-0.26
MOBX	Mobix Labs, Inc.	-0.25
CF	CF Industries	-0.22
ANNA	AleAnna, Inc.	-0.20
MACI	Melar Acquisition Corp. I - Class A	-0.19
PED	Pedevco Corp.	-0.18
EQNR	Equinor ASA	-0.18

IEMG vs benchmarks

IEMG vs its peers

Get IEMG data as JSON

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/iemg.json

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

IEMG holdings overlap with other ETFs

ETF		Overlap	Correlation (3Y)
IEMG vs EEM	iShares MSCI Emerging Markets ETF	87.1%	1.00
IEMG vs VWO	Vanguard FTSE Emerging Markets ETF	62.7%	0.96
IEMG vs ACWI	iShares MSCI ACWI ETF	11.3%	0.81
IEMG vs FXI	iShares China Large-Cap ETF	11.2%	0.63
IEMG vs VT	Vanguard Total World Stock ETF	10.6%	0.82
IEMG vs VEA	Vanguard FTSE Developed Markets ETF	9.1%	0.85
IEMG vs IEFA	iShares Core MSCI EAFE ETF	0.6%	0.80
IEMG vs EFA	iShares MSCI EAFE ETF	0.4%	0.79
IEMG vs IWM	iShares Russell 2000 ETF	0.4%	0.61
IEMG vs MDY	SPDR S&P MidCap 400 ETF	0.4%	0.61
IEMG vs VYM	Vanguard High Dividend Yield ETF	0.4%	0.58
IEMG vs EWJ	iShares MSCI Japan ETF	0.3%	0.72
IEMG vs ICLN	iShares Global Clean Energy ETF	0.3%	0.59
IEMG vs QQQ	Invesco QQQ Trust	0.3%	0.71
IEMG vs QQQM	Invesco Nasdaq 100 ETF	0.3%	0.71
IEMG vs VTI	Vanguard Total Stock Market ETF	0.2%	0.70
IEMG vs DGRO	iShares Core Dividend Growth ETF	0.1%	0.56
IEMG vs IVV	iShares Core S&P 500 ETF	0.1%	0.69
IEMG vs MTUM	iShares MSCI USA Momentum Factor ETF	0.1%	0.69
IEMG vs QUAL	iShares MSCI USA Quality Factor ETF	0.1%	0.65
IEMG vs RSP	Invesco S&P 500 Equal Weight ETF	0.1%	0.63
IEMG vs SCHD	Schwab US Dividend Equity ETF	0.1%	0.40
IEMG vs SPY	SPDR S&P 500 ETF Trust	0.1%	0.70
IEMG vs SPYV	SPDR Portfolio S&P 500 Value ETF	0.1%	0.58
IEMG vs VIG	Vanguard Dividend Appreciation ETF	0.1%	0.60
IEMG vs VNQ	Vanguard Real Estate ETF	0.1%	0.39
IEMG vs VOO	Vanguard S&P 500 ETF	0.1%	0.70
IEMG vs VTV	Vanguard Value ETF	0.1%	0.59
IEMG vs XLE	Energy Select Sector SPDR Fund	0.1%	0.02
IEMG vs DIA	SPDR Dow Jones Industrial Average ETF	0%	0.58
IEMG vs IBB	iShares Biotechnology ETF	0.0%	0.48
IEMG vs SOXX	iShares Semiconductor ETF	0%	0.76
IEMG vs SPYG	SPDR Portfolio S&P 500 Growth ETF	0.0%	0.67
IEMG vs USMV	iShares MSCI USA Min Vol Factor ETF	0.0%	0.44
IEMG vs VUG	Vanguard Growth ETF	0.0%	0.64
IEMG vs XLB	Materials Select Sector SPDR Fund	0.0%	0.59
IEMG vs XLC	Communication Services Select Sector SPDR Fund	0%	0.52
IEMG vs XLF	Financial Select Sector SPDR Fund	0%	0.38
IEMG vs XLI	Industrial Select Sector SPDR Fund	0%	0.59
IEMG vs XLK	Technology Select Sector SPDR Fund	0.0%	0.70
IEMG vs XLP	Consumer Staples Select Sector SPDR Fund	0%	0.25
IEMG vs XLRE	Real Estate Select Sector SPDR Fund	0%	0.38
IEMG vs XLU	Utilities Select Sector SPDR Fund	0.0%	0.25
IEMG vs XLV	Health Care Select Sector SPDR Fund	0.0%	0.26
IEMG vs XLY	Consumer Discretionary Select Sector SPDR Fund	0.0%	0.58