IEFA vs IEMG
Comparison between ISHARES CORE MSCI EAFE ETF (IEFA, ETF) and ISHARES CORE MSCI EMERGING MARKETS ETF (IEMG, ETF).
5-Year PerformanceIEFA has outperformed IEMG, delivering a return of +9.1% compared to +7.6%
IEFA vs IEMG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IEFA
$187B
IEMG
$161B
Expense Ratio
Winner
IEFA
0.07%
IEMG
0.09%
Max Drawdown
Winner
IEFA
38.86%
IEMG
42.22%
Sharpe Ratio
Winner
IEFA
1.27
IEMG
1.19
5Y Beta
Winner
IEFA
0.75
IEMG
0.87
5Y Dividends CAGR
Winner
IEFA
14.65%
IEMG
8.99%
IEFA vs IEMG - Holdings Comparison
IEFA and IEMG have 1 common holdings. Overlap is -0.71%
IEFA's top 25 holdings weight is 21.23%. IEMG's top 25 holdings weight is 34.77%.
| Rank | IEFA | IEMG |
|---|---|---|
| #1 | ASML HOLDING NV (n/a) - 2.25% | n/a (n/a) - 10.20% |
| #2 | ASTRAZENECA PLC (AZN:XLON) - 1.22% | TENCENT HOLDINGS LTD (n/a) - 4.40% |
| #3 | NOVARTIS AG REGISTERED SHARES (n/a) - 1.19% | n/a (n/a) - 2.99% |
| #4 | ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.16% | SAMSUNG ELECTRONICS CO LTD (n/a) - 2.86% |
| #5 | HSBC HOLDINGS PLC (n/a) - 1.16% | SK HYNIX INC (n/a) - 1.57% |
| #6 | SHELL PLC (n/a) - 1.09% | HDFC BANK LTD (n/a) - 1.14% |
| #7 | NESTLE SA (n/a) - 1.04% | XIAOMI CORP CLASS B (n/a) - 0.89% |
| #8 | COMMONWEALTH BANK OF AUSTRALIA (n/a) - 0.87% | RELIANCE INDUSTRIES LTD (n/a) - 0.86% |
| #9 | TOYOTA MOTOR CORP (n/a) - 0.83% | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.83% |
| #10 | SIEMENS AG (n/a) - 0.79% | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.81% |
| #11 | SAP SE (n/a) - 0.79% | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.81% |
| #12 | MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 0.78% | PDD HOLDINGS INC ADR (PDD) - 0.80% |
| #13 | TOTALENERGIES SE (TTE) - 0.75% | ICICI BANK LTD (n/a) - 0.76% |
| #14 | BHP GROUP LTD (n/a) - 0.71% | MEDIATEK INC (n/a) - 0.58% |
| #15 | BANCO SANTANDER SA (n/a) - 0.70% | DELTA ELECTRONICS INC (n/a) - 0.55% |
| #16 | ALLIANZ SE (n/a) - 0.66% | MEITUAN CLASS B (n/a) - 0.53% |
| #17 | SCHNEIDER ELECTRIC SE (n/a) - 0.66% | BHARTI AIRTEL LTD (n/a) - 0.52% |
| #18 | IBERDROLA SA (n/a) - 0.61% | AL RAJHI BANK (n/a) - 0.50% |
| #19 | HITACHI LTD (n/a) - 0.59% | INFOSYS LTD (n/a) - 0.48% |
| #20 | ROLLS-ROYCE HOLDINGS PLC (n/a) - 0.57% | NASPERS LTD CLASS N (n/a) - 0.47% |
| #21 | LVMH MOET HENNESSY LOUIS VUITTON SE (n/a) - 0.57% | n/a (n/a) - 0.45% |
| #22 | DEUTSCHE TELEKOM AG (n/a) - 0.57% | NU HOLDINGS LTD ORDINARY SHARES CLASS A (NU) - 0.45% |
| #23 | SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 0.56% | n/a (n/a) - 0.45% |
| #24 | UNILEVER PLC (n/a) - 0.56% | NETEASE INC ORDINARY SHARES (n/a) - 0.44% |
| #25 | ABB LTD (n/a) - 0.55% | BYD CO LTD CLASS H (n/a) - 0.43% |
| Total Holdings | 2324 | 2350 |
IEFA vs IEMG - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IEFA
+1.71%
IEMG
-3.24%
3M
Winner
IEFA
+3.78%
IEMG
-3.14%
6M
IEFA
+6.23%
Winner
IEMG
+8.54%
1Y
IEFA
+24.23%
Winner
IEMG
+33.37%
5Y(CAGR)
Winner
IEFA
+9.10%
IEMG
+7.64%
10Y(CAGR)
Winner
IEFA
+9.67%
IEMG
+8.87%
Max(CAGR)
Winner
IEFA
+8.66%
IEMG
+6.32%
IEFA vs IEMG - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | IEFA | IEMG |
|---|---|---|
| 2026 | +12.47% | +15.88% |
| 2025 | +32.36% | +32.79% |
| 2024 | +4.43% | +7.85% |
| 2023 | +16.98% | +10.69% |
| 2022 | -15.69% | -20.43% |
| 2021 | +11.01% | -1.40% |
| 2020 | +7.04% | +15.50% |
| 2019 | +23.07% | +17.52% |
| 2018 | -14.75% | -16.54% |
| 2017 | +25.84% | +35.93% |
| 2016 | +3.10% | +13.16% |
| 2015 | +0.93% | -13.50% |
| 2014 | -4.57% | +0.05% |
| 2013 | +20.53% | -4.74% |
| 2012 | +7.32% | +8.51% |
IEFA vs IEMG Drawdown Comparison
The maximum drawdown for IEFA was -34.78%, occurring on Mar 23, 2020. Recovery took 707 trading sessions.
The maximum drawdown for IEMG was -38.72%, occurring on Mar 23, 2020. Recovery took 707 trading sessions.
The current IEFA drawdown is -0.05%. The current IEMG drawdown is -7.74%.
| Rank | IEFA | IEMG |
|---|---|---|
| #1 | -34.78% Jan 26, 2018 - Nov 16, 2020 | -38.72% Jan 26, 2018 - Nov 16, 2020 |
| #2 | -30.37% Sep 3, 2021 - Mar 1, 2024 | -37.11% Feb 16, 2021 - Jul 17, 2025 |
| #3 | -22.07% May 15, 2015 - Apr 25, 2017 | -34.44% Sep 5, 2014 - Jul 12, 2017 |
| #4 | -14.42% Jul 3, 2014 - May 14, 2015 | -17.50% Jan 2, 2013 - Jun 10, 2014 |
| #5 | -13.76% Mar 19, 2025 - Apr 29, 2025 | -13.78% Jun 22, 2026 - Jul 29, 2026 |
| #6 | -11.50% Feb 25, 2026 - Jun 16, 2026 | -13.21% Feb 25, 2026 - Apr 17, 2026 |
| #7 | -10.26% Sep 26, 2024 - Mar 5, 2025 | -8.57% Jun 2, 2026 - Jun 18, 2026 |
| #8 | -10.06% May 21, 2013 - Sep 10, 2013 | -5.40% May 8, 2026 - May 26, 2026 |
| #9 | -7.44% Jul 12, 2024 - Aug 21, 2024 | -5.38% Jan 21, 2021 - Feb 8, 2021 |
| #10 | -6.74% Jan 21, 2014 - Feb 24, 2014 | -5.15% Oct 29, 2025 - Jan 2, 2026 |
| #11 | -5.36% Nov 12, 2025 - Dec 10, 2025 | -4.88% Nov 22, 2017 - Dec 29, 2017 |
| #12 | -5.31% Jun 15, 2021 - Aug 13, 2021 | -4.48% Oct 8, 2025 - Oct 20, 2025 |
| #13 | -4.92% Mar 27, 2024 - May 9, 2024 | -4.14% Nov 6, 2012 - Dec 5, 2012 |
| #14 | -4.46% Jul 23, 2025 - Aug 13, 2025 | -3.74% Jul 28, 2014 - Aug 19, 2014 |
| #15 | -4.42% Jan 8, 2021 - Feb 9, 2021 | -3.47% Jan 28, 2026 - Feb 11, 2026 |
Correlation
Correlation between IEFA and IEMG is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2012 - 2026)
IEFA vs IEMG dividend yield comparison.
| Year | IEFA | IEMG |
|---|---|---|
| 2026 | 1.58% | 0.83% |
| 2025 | 3.55% | 2.75% |
| 2024 | 3.47% | 3.20% |
| 2023 | 3.20% | 2.89% |
| 2022 | 2.70% | 2.71% |
| 2021 | 3.32% | 3.06% |
| 2020 | 1.90% | 1.87% |
| 2019 | 3.18% | 3.15% |
| 2018 | 3.46% | 2.76% |
| 2017 | 2.57% | 2.35% |
| 2016 | 2.96% | 2.28% |
| 2015 | 2.63% | 2.53% |
| 2014 | 3.10% | 2.30% |
| 2013 | 2.17% | 1.76% |
| 2012 | 0.34% | 0.23% |
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