IEMG vs SPY
Comparison between ISHARES CORE MSCI EMERGING MARKETS ETF (IEMG, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IEMG, delivering a return of +13.3% compared to +7.7%
IEMG vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IEMG
$134B
Winner
SPY
$652B
Expense Ratio
IEMG
0.09%
SPY
0.09%
Max Drawdown
Winner
IEMG
42.22%
SPY
56.47%
Sharpe Ratio
Winner
IEMG
2.28
SPY
2.07
5Y Beta
Winner
IEMG
0.78
SPY
1.00
P/E Ratio
IEMG
N/A
SPY
28.24
Forward P/E
IEMG
N/A
SPY
21.85
5Y Dividends CAGR
IEMG
4.98%
Winner
SPY
5.43%
5Y EPS CAGR
IEMG
N/A
SPY
25.79%
Debt to Equity
IEMG
N/A
SPY
22.35%
P/S Ratio
IEMG
N/A
SPY
3.55
P/B Ratio
IEMG
N/A
SPY
5.29
IEMG vs SPY - Holdings Comparison
IEMG and SPY have 1 common holdings. Overlap is -0.71%
IEMG's top 25 holdings weight is 34.77%. SPY's top 25 holdings weight is 51.32%.
| Rank | IEMG | SPY |
|---|---|---|
| #1 | n/a (n/a) - 10.20% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | TENCENT HOLDINGS LTD (n/a) - 4.40% | APPLE INC (AAPL) - 6.48% |
| #3 | n/a (n/a) - 2.99% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | SAMSUNG ELECTRONICS CO LTD (n/a) - 2.86% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | SK HYNIX INC (n/a) - 1.57% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | HDFC BANK LTD (n/a) - 1.14% | BROADCOM INC (AVGO) - 3.09% |
| #7 | XIAOMI CORP CLASS B (n/a) - 0.89% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | RELIANCE INDUSTRIES LTD (n/a) - 0.86% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.83% | TESLA INC (TSLA) - 1.73% |
| #10 | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.81% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.81% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | PDD HOLDINGS INC ADR (PDD) - 0.80% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | ICICI BANK LTD (n/a) - 0.76% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | MEDIATEK INC (n/a) - 0.58% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | DELTA ELECTRONICS INC (n/a) - 0.55% | WALMART INC (WMT) - 0.91% |
| #16 | MEITUAN CLASS B (n/a) - 0.53% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | BHARTI AIRTEL LTD (n/a) - 0.52% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | AL RAJHI BANK (n/a) - 0.50% | VISA INC CLASS A (V) - 0.85% |
| #19 | INFOSYS LTD (n/a) - 0.48% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | NASPERS LTD CLASS N (n/a) - 0.47% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | n/a (n/a) - 0.45% | INTEL CORP (INTC) - 0.65% |
| #22 | NU HOLDINGS LTD ORDINARY SHARES CLASS A (NU) - 0.45% | NETFLIX INC (NFLX) - 0.64% |
| #23 | n/a (n/a) - 0.45% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | NETEASE INC ORDINARY SHARES (n/a) - 0.44% | CHEVRON CORP (CVX) - 0.58% |
| #25 | BYD CO LTD CLASS H (n/a) - 0.43% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 2350 | 505 |
IEMG vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IEMG
+11.96%
SPY
+9.11%
3M
Winner
IEMG
+11.81%
SPY
+6.59%
6M
Winner
IEMG
+25.52%
SPY
+10.56%
1Y
Winner
IEMG
+54.94%
SPY
+32.04%
5Y(CAGR)
IEMG
+7.65%
Winner
SPY
+13.35%
10Y(CAGR)
IEMG
+10.66%
Winner
SPY
+15.49%
Max(CAGR)
IEMG
+6.74%
Winner
SPY
+8.50%
IEMG vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IEMG | SPY |
|---|---|---|
| 2026 | +20.30% | +8.27% |
| 2025 | +32.79% | +18.00% |
| 2024 | +7.85% | +25.59% |
| 2023 | +10.69% | +26.72% |
| 2022 | -20.43% | -18.64% |
| 2021 | -1.40% | +30.52% |
| 2020 | +15.50% | +17.28% |
| 2019 | +17.52% | +31.09% |
| 2018 | -16.54% | -5.24% |
| 2017 | +35.93% | +20.78% |
| 2016 | +13.16% | +13.59% |
| 2015 | -13.50% | +1.31% |
| 2014 | +0.05% | +14.56% |
| 2013 | -4.74% | +29.00% |
| 2012 | +8.51% | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
IEMG vs SPY Drawdown Comparison
The maximum drawdown for IEMG was -38.72%, occurring on Mar 23, 2020. Recovery took 707 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | IEMG | SPY |
|---|---|---|
| #1 | -38.72% Jan 26, 2018 - Nov 16, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -37.11% Feb 16, 2021 - Jul 17, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -34.44% Sep 5, 2014 - Jul 12, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -17.50% Jan 2, 2013 - Jun 10, 2014 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -13.21% Feb 25, 2026 - Apr 17, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -5.38% Jan 21, 2021 - Feb 8, 2021 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -5.15% Oct 29, 2025 - Jan 2, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -4.88% Nov 22, 2017 - Dec 29, 2017 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.48% Oct 8, 2025 - Oct 20, 2025 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -4.14% Nov 6, 2012 - Dec 5, 2012 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.74% Jul 28, 2014 - Aug 19, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.47% Jan 28, 2026 - Feb 11, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -3.43% Jul 23, 2025 - Aug 12, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -3.39% Aug 7, 2017 - Aug 23, 2017 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.38% Sep 19, 2017 - Oct 10, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IEMG and SPY is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (1999 - 2026)
IEMG vs SPY dividend yield comparison.
| Year | IEMG | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 2.75% | 1.07% |
| 2024 | 3.20% | 1.21% |
| 2023 | 2.89% | 1.40% |
| 2022 | 2.71% | 1.65% |
| 2021 | 3.06% | 1.20% |
| 2020 | 1.87% | 1.52% |
| 2019 | 3.15% | 1.75% |
| 2018 | 2.76% | 2.04% |
| 2017 | 2.35% | 1.80% |
| 2016 | 2.28% | 2.03% |
| 2015 | 2.53% | 2.06% |
| 2014 | 2.30% | 1.87% |
| 2013 | 1.76% | 1.81% |
| 2012 | 0.23% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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