EEM vs SHY

Comparison between ISHARES MSCI EMERGING MARKETS ETF (EEM, ETF) and ISHARES 1-3 YEAR TREASURY BOND ETF (SHY, ETF).

5-Year PerformanceEEM has outperformed SHY, delivering a return of +6.9% compared to +1.7%

EEM vs SHY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EEM(ETF)	SHY(ETF)
Net Assets	$25B	$25B
Expense Ratio	0.72%	0.15%
Max Drawdown	67.23%	7.25%
Sharpe Ratio	2.27	-0.22
5Y Beta	0.79	-0.00
5Y Dividends CAGR	2.97%	44.93%

Net Assets

Winner

EEM

$25B

SHY

$25B

Expense Ratio

EEM

0.72%

Winner

SHY

0.15%

Max Drawdown

EEM

67.23%

Winner

SHY

7.25%

Sharpe Ratio

Winner

EEM

2.27

SHY

-0.22

5Y Beta

EEM

0.79

Winner

SHY

-0.00

5Y Dividends CAGR

EEM

2.97%

Winner

SHY

44.93%

EEM vs SHY - Historical Returns

Returns include dividend reinvestment.

Period	EEM	SHY
1 month	+12.41%	+0.15%
3 months	+12.28%	+0.16%
6 months	+26.34%	+1.14%
1 year	+55.97%	+3.57%
5 years(CAGR)	+6.91%	+1.73%
10 years(CAGR)	+10.11%	+1.65%
Max(CAGR)	+10.19%	+1.96%

Winner

EEM

+12.41%

SHY

+0.15%

Winner

EEM

+12.28%

SHY

+0.16%

Winner

EEM

+26.34%

SHY

+1.14%

Winner

EEM

+55.97%

SHY

+3.57%

5Y(CAGR)

Winner

EEM

+6.91%

SHY

+1.73%

10Y(CAGR)

Winner

EEM

+10.11%

SHY

+1.65%

Max(CAGR)

Winner

EEM

+10.19%

SHY

+1.96%

EEM vs SHY - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	EEM	SHY
2026	+20.80%	+0.49%
2025	+34.17%	+4.98%
2024	+7.76%	+4.04%
2023	+8.08%	+4.07%
2022	-21.12%	-3.77%
2021	-4.23%	-0.73%
2020	+14.71%	+2.99%
2019	+17.90%	+3.37%
2018	-16.88%	+1.50%
2017	+35.65%	+0.34%
2016	+13.99%	+0.69%
2015	-15.06%	+0.32%
2014	-0.08%	+0.40%
2013	-5.57%	+0.24%
2012	+15.57%	+0.34%
2011	-19.59%	+1.46%
2010	+13.21%	+2.14%
2009	+61.25%	+0.89%
2008	-48.03%	+6.42%
2007	+32.18%	+7.24%
2006	+26.46%	+3.75%
2005	+34.01%	+1.52%
2004	+21.91%	+0.91%
2003	+63.14%	+2.19%
2002	N/A	+2.03%

EEM vs SHY Drawdown Comparison

The maximum drawdown for EEM was -66.45%, occurring on Nov 20, 2008. Recovery took 2488 trading sessions.

The maximum drawdown for SHY was -5.71%, occurring on Oct 20, 2022. Recovery took 713 trading sessions.

The current SHY drawdown is -0.20%.

Rank	EEM	SHY
#1	-66.45% Oct 31, 2007 - Sep 19, 2017	-5.71% Aug 2, 2021 - Jun 3, 2024
#2	-39.80% Feb 17, 2021 - Sep 11, 2025	-2.23% Mar 17, 2008 - Sep 15, 2008
#3	-38.22% Jan 26, 2018 - Nov 24, 2020	-1.90% Mar 24, 2004 - Oct 20, 2004
#4	-26.24% May 9, 2006 - Dec 4, 2006	-1.19% Dec 30, 2008 - Jul 8, 2009
#5	-21.38% Apr 12, 2004 - Nov 4, 2004	-1.07% Sep 7, 2017 - Nov 28, 2018
#6	-17.73% Jul 23, 2007 - Sep 21, 2007	-0.99% Jul 5, 2016 - Aug 11, 2017
#7	-13.52% Feb 25, 2026 - Apr 17, 2026	-0.98% Jun 13, 2003 - Sep 30, 2003
#8	-12.02% Oct 3, 2005 - Dec 1, 2005	-0.97% Sep 24, 2024 - Jan 27, 2025
#9	-11.97% Mar 7, 2005 - Jul 12, 2005	-0.89% Feb 27, 2026 - Mar 26, 2026
#10	-11.25% Feb 21, 2007 - Apr 3, 2007	-0.88% Sep 17, 2008 - Oct 2, 2008
#11	-8.02% Jan 31, 2006 - Apr 3, 2006	-0.87% Oct 25, 2004 - May 5, 2005
#12	-7.27% Mar 1, 2004 - Apr 2, 2004	-0.87% Dec 1, 2009 - Feb 5, 2010
#13	-5.94% Jan 3, 2007 - Jan 24, 2007	-0.81% Nov 1, 2010 - May 3, 2011
#14	-5.72% Aug 10, 2005 - Sep 6, 2005	-0.80% Oct 9, 2002 - Oct 31, 2002
#15	-5.42% Dec 31, 2004 - Feb 1, 2005	-0.75% Jul 10, 2009 - Aug 28, 2009

Correlation

Correlation between EEM and SHY is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2002 - 2026)

EEM vs SHY dividend yield comparison.

Year	EEM	SHY
2026	0.00%	1.17%
2025	2.22%	3.81%
2024	2.43%	3.92%
2023	2.63%	2.99%
2022	2.50%	1.30%
2021	1.99%	0.26%
2020	1.45%	0.94%
2019	2.76%	2.12%
2018	2.24%	1.72%
2017	1.88%	0.98%
2016	1.89%	0.71%
2015	2.49%	0.54%
2014	2.23%	0.36%
2013	2.05%	0.26%
2012	1.68%	0.37%
2011	2.13%	0.81%
2010	1.36%	1.03%
2009	1.40%	2.41%
2008	3.43%	3.41%
2007	1.30%	4.27%
2006	1.38%	4.13%
2005	1.12%	3.05%
2004	1.20%	1.94%
2003	0.50%	1.59%
2002	0.00%	0.78%