iShares MSCI Emerging Markets (EEM): Historical Returns

Data Source: from January 1976 to September 2023 (~48 years)
Consolidated Returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Category: Stocks
ETF: iShares MSCI Emerging Markets (EEM)
ETF • LIVE PERFORMANCE (USD currency)
0.50%
1 Day
Oct 02 2023, 04:00PM Eastern Time
0.50%
Current Month
October 2023

In the last 30 Years, the iShares MSCI Emerging Markets (EEM) ETF obtained a 4.83% compound annual return, with a 22.98% standard deviation.

Table of contents

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: Emerging Markets
  • Country: Broad Emerging Markets

The iShares MSCI Emerging Markets (EEM) ETF is part of the following Lazy Portfolios:

Portfolio Name Author EEM Weight
Emerging Markets Stocks 100.00%
Mid-Twenties Burton Malkiel 17.50%
Late Thirties to Early Forties Burton Malkiel 16.25%
Robo Advisor 100 Betterment 15.00%
Eliminate Fat Tails Larry Swedroe 15.00%
Robo Advisor 90 Betterment 14.00%
Mid-Fifties Burton Malkiel 14.00%
Robo Advisor 80 Betterment 12.80%
Paul Boyer Portfolio Paul Boyer 12.50%
Perfect Portfolio Ben Stein 12.00%
Pinwheel 10.00%
Ultimate Buy and Hold Strategy Paul Merriman 10.00%
Family Taxable Portfolio Ted Aronson 10.00%
Late Sixties and Beyond Burton Malkiel 10.00%
Gone Fishin' Portfolio Alexander Green 10.00%
Long Term Portfolio Ben Stein 10.00%
Gretchen Tai Portfolio Gretchen Tai 10.00%
Edge Select Aggressive Merrill Lynch 9.00%
Robo Advisor 50 Betterment 9.00%
7Twelve Portfolio Craig Israelsen 8.33%
Dedalo Eleven Dedalo Invest 8.00%
Larry Portfolio Larry Swedroe 7.50%
Edge Select Moderately Aggressive Merrill Lynch 7.00%
Ultimate Buy&Hold FundAdvice 6.00%
Sandwich Portfolio Bob Clyatt 6.00%
Dimensional 2030 Retirement Income DFA 5.20%
Lazy Portfolio David Swensen 5.00%
Yale Endowment David Swensen 5.00%
Edge Select Moderate Merrill Lynch 5.00%
Coward's Portfolio Bill Bernstein 5.00%
Global Market Portfolio Credit Suisse 5.00%
Sheltered Sam 100/0 Bill Bernstein 5.00%
GAA Global Asset Allocation Mebane Faber 4.50%
Sheltered Sam 90/10 Bill Bernstein 4.50%
Marc Faber Portfolio Marc Faber 4.00%
Sheltered Sam 80/20 Bill Bernstein 4.00%
Robo Advisor 20 Betterment 3.70%
Sheltered Sam 70/30 Bill Bernstein 3.50%
Edge Select Moderately Conservative Merrill Lynch 3.00%
Big Rocks Portfolio Larry Swedroe 3.00%
Sheltered Sam 60/40 Bill Bernstein 3.00%
Sheltered Sam 50/50 Bill Bernstein 2.50%
Sheltered Sam 40/60 Bill Bernstein 2.00%
Robo Advisor 10 Betterment 1.90%
Sheltered Sam 30/70 Bill Bernstein 1.50%
Edge Select Conservative Merrill Lynch 1.00%
Sheltered Sam 20/80 Bill Bernstein 1.00%
Sheltered Sam 10/90 Bill Bernstein 0.50%

Investment Returns as of Sep 30, 2023

The iShares MSCI Emerging Markets (EEM) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
ISHARES MSCI EMERGING MARKETS (EEM) ETF
Consolidated returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Sep 30, 2023
  1 Day Time ET(*) Oct 2023 1M 6M 1Y 5Y 10Y 30Y MAX
(~48Y)
iShares MSCI Emerging Markets (EEM) ETF -0.50 -0.50 -3.11 -3.07 11.32 -0.25 1.39 4.83 7.31
US Inflation Adjusted return -3.11 -4.71 7.61 -4.08 -1.32 2.25 3.54
Returns over 1 year are annualized | Available data source: since Jan 1976
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Aug 2023. Waiting for updates, inflation of Sep 2023 is set to 0%. Current inflation (annualized) is 1Y: 3.44% , 5Y: 3.99% , 10Y: 2.75% , 30Y: 2.53%

In 2022, the iShares MSCI Emerging Markets (EEM) ETF granted a 1.95% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI Emerging Markets (EEM) ETF: Dividend Yield page.

Capital Growth as of Sep 30, 2023

An investment of 1$, since October 1993, now would be worth 4.12$, with a total return of 312.22% (4.83% annualized).

The Inflation Adjusted Capital now would be 1.95$, with a net total return of 94.82% (2.25% annualized).
An investment of 1$, since January 1976, now would be worth 29.09$, with a total return of 2809.13% (7.31% annualized).

The Inflation Adjusted Capital now would be 5.26$, with a net total return of 425.87% (3.54% annualized).

Investment Metrics as of Sep 30, 2023

Metrics of iShares MSCI Emerging Markets (EEM) ETF, updated as of 30 September 2023.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
ISHARES MSCI EMERGING MARKETS (EEM) ETF
Advanced Metrics
Data Source: 1 January 1976 - 30 September 2023 (~48 years)
Swipe left to see all data
Metrics as of Sep 30, 2023
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~48Y)
Investment Return (%) -3.11 -4.07 -3.07 11.32 -2.92 -0.25 1.39 6.57 4.83 7.31
Infl. Adjusted Return (%) details -3.11 -4.67 -4.71 7.61 -8.12 -4.08 -1.32 3.91 2.25 3.54
US Inflation (%) 0.00 0.63 1.72 3.44 5.66 3.99 2.75 2.56 2.53 3.65
Waiting for updates, inflation of Sep 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -9.54 -36.52 -36.52 -36.52 -60.44 -60.44 -60.44
Start to Recovery (# months) details 2* 27* 27* 27* 120 120 120
Start (yyyy mm) 2023 08 2021 07 2021 07 2021 07 2007 11 2007 11 2007 11
Start to Bottom (# months) 2 16 16 16 16 16 16
Bottom (yyyy mm) 2023 09 2022 10 2022 10 2022 10 2009 02 2009 02 2009 02
Bottom to End (# months) 0 11 11 11 104 104 104
End (yyyy mm) - - - - 2017 10 2017 10 2017 10
Longest Drawdown Depth (%) -7.66
same as
deepest

same as
deepest
-30.19
same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details 6 35
Start (yyyy mm) 2023 02 2021 07 2021 07 2014 09 2007 11 2007 11 2007 11
Start to Bottom (# months) 4 16 16 18 16 16 16
Bottom (yyyy mm) 2023 05 2022 10 2022 10 2016 02 2009 02 2009 02 2009 02
Bottom to End (# months) 2 11 11 17 104 104 104
End (yyyy mm) 2023 07 - - 2017 07 2017 10 2017 10 2017 10
Longest negative period (# months) details 10* 36* 60* 108 191* 191* 191*
Period Start (yyyy mm) 2022 12 2020 10 2018 10 2013 11 2007 11 2007 11 2007 11
Period End (yyyy mm) 2023 09 2023 09 2023 09 2022 10 2023 09 2023 09 2023 09
Annualized Return (%) -2.10 -2.92 -0.25 -0.33 -0.35 -0.35 -0.35
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -9.93 -42.25 -42.25 -42.25 -61.05 -61.05 -62.07
Start to Recovery (# months) details 2* 31* 31* 31* 159 159 131
Start (yyyy mm) 2023 08 2021 03 2021 03 2021 03 2007 11 2007 11 1979 09
Start to Bottom (# months) 2 20 20 20 16 16 100
Bottom (yyyy mm) 2023 09 2022 10 2022 10 2022 10 2009 02 2009 02 1987 12
Bottom to End (# months) 0 11 11 11 143 143 31
End (yyyy mm) - - - - 2021 01 2021 01 1990 07
Longest Drawdown Depth (%) -9.17
same as
deepest

same as
deepest
-32.49
same as
deepest

same as
deepest
-61.05
Start to Recovery (# months) details 6 35 159
Start (yyyy mm) 2023 02 2021 03 2021 03 2018 02 2007 11 2007 11 2007 11
Start to Bottom (# months) 4 20 20 26 16 16 16
Bottom (yyyy mm) 2023 05 2022 10 2022 10 2020 03 2009 02 2009 02 2009 02
Bottom to End (# months) 2 11 11 9 143 143 143
End (yyyy mm) 2023 07 - - 2020 12 2021 01 2021 01 2021 01
Longest negative period (# months) details 10* 36* 60* 120* 209* 209* 209*
Period Start (yyyy mm) 2022 12 2020 10 2018 10 2013 10 2006 05 2006 05 2006 05
Period End (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09
Annualized Return (%) -5.65 -8.12 -4.08 -1.32 -0.01 -0.01 -0.01
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 22.50 18.07 19.42 17.25 21.40 22.98 24.09
Sharpe Ratio 0.31 -0.25 -0.09 0.03 0.25 0.11 0.14
Sortino Ratio 0.50 -0.39 -0.13 0.04 0.35 0.15 0.19
Ulcer Index 5.00 19.43 16.05 16.14 19.47 22.16 22.78
Ratio: Return / Standard Deviation 0.50 -0.16 -0.01 0.08 0.31 0.21 0.30
Ratio: Return / Deepest Drawdown 1.19 -0.08 -0.01 0.04 0.11 0.08 0.12
% Positive Months details 41% 47% 50% 50% 54% 55% 55%
Positive Months 5 17 30 61 130 198 319
Negative Months 7 19 30 59 110 162 254
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 1.39 12.02 17.56 25.17
Worst 10 Years Return (%) - Annualized -0.02 -0.02 -2.16
Best 10 Years Return (%) - Annualized -1.32 9.42 14.17 20.73
Worst 10 Years Return (%) - Annualized -2.30 -2.30 -8.04
ROLLING PERIOD RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 86.53 45.77 38.98 17.56 10.20 4.83
Worst Rolling Return (%) - Annualized -54.34 -15.31 -10.37 -0.02 4.57
% Positive Periods 59% 66% 71% 99% 100% 100%
Best Rolling Return (%) - Annualized 82.62 41.87 35.09 14.17 7.85 2.25
Worst Rolling Return (%) - Annualized -54.92 -17.17 -12.44 -2.30 2.14
% Positive Periods 55% 55% 60% 82% 100% 100%
Over all the available data source (Jan 1976 - Sep 2023)
Best Rolling Return (%) - Annualized 111.70 60.25 49.02 25.17 18.64 12.59
Worst Rolling Return (%) - Annualized -54.34 -18.57 -10.37 -2.16 4.57 4.83
% Positive Periods 64% 68% 73% 96% 100% 100%
Best Rolling Return (%) - Annualized 105.41 53.21 43.45 20.73 15.14 9.77
Worst Rolling Return (%) - Annualized -54.92 -25.88 -14.65 -8.04 1.52 2.25
% Positive Periods 58% 59% 61% 75% 100% 100%
WITHDRAWAL RATES (WR)
1Y 3Y 5Y 10Y 20Y 30Y MAX
Safe WR (%) 32.90 20.24 10.27 11.12 4.82 3.69
Perpetual WR (%) 0.00 0.00 0.00 3.76 2.20 3.42
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed
  • Standard Deviation: it's a measure of the dispersion of returns around the mean
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation)
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).
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Correlations as of Sep 30, 2023

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of iShares MSCI Emerging Markets (EEM) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES MSCI EMERGING MARKETS (EEM) ETF
Monthly correlations as of 30 September 2023
Swipe left to see all data
Correlation vs EEM
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.65
0.75
0.70
0.75
0.72
SPY
US Large Cap
0.65
0.73
0.69
0.72
0.70
IJR
US Small Cap
0.49
0.75
0.62
0.70
0.68
VNQ
US REITs
0.79
0.67
0.52
0.51
0.51
QQQ
US Technology
0.57
0.67
0.63
0.62
0.60
PFF
Preferred Stocks
0.73
0.69
0.57
0.40
0.40
EFA
EAFE Stocks
0.88
0.84
0.82
0.80
0.77
VT
World All Countries
0.82
0.83
0.81
0.84
0.81
VGK
Europe
0.81
0.81
0.77
0.78
0.75
VPL
Pacific
0.97
0.87
0.86
0.75
0.72
FLLA
Latin America
0.54
0.64
0.71
0.84
0.82
BND
US Total Bond Market
0.84
0.50
0.39
0.14
0.15
TLT
Long Term Treasuries
0.80
0.14
0.08
-0.11
-0.09
BIL
US Cash
-0.20
-0.08
-0.06
-0.04
-0.04
TIP
TIPS
0.67
0.46
0.41
0.19
0.19
LQD
Invest. Grade Bonds
0.89
0.65
0.57
0.29
0.29
HYG
High Yield Bonds
0.75
0.72
0.67
0.60
0.59
CWB
US Convertible Bonds
0.70
0.76
0.71
0.73
0.72
BNDX
International Bonds
0.68
0.42
0.30
0.16
0.15
EMB
Emerg. Market Bonds
0.95
0.79
0.74
0.66
0.65
GLD
Gold
0.77
0.35
0.30
0.27
0.26
DBC
Commodities
0.44
0.54
0.50
0.40
0.38

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

ISHARES MSCI EMERGING MARKETS (EEM) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1976 - 30 September 2023 (~48 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-60.44% Nov 2007 Feb 2009 16 Oct 2017 104 120 23.73
-54.22% Feb 1994 Aug 1998 55 Jan 2004 65 120 26.65
-36.52% Jul 2021 Oct 2022 16 in progress 11 27 22.33
-29.69% Feb 2018 Mar 2020 26 Nov 2020 8 34 15.17
-11.25% Apr 2004 Jul 2004 4 Oct 2004 3 7 7.34
-11.14% May 2006 May 2006 1 Nov 2006 6 7 7.49
-9.06% Mar 2005 Apr 2005 2 Jul 2005 3 5 5.61
-6.34% Oct 2005 Oct 2005 1 Dec 2005 2 3 3.20
-3.85% Feb 2006 Feb 2006 1 Apr 2006 2 3 2.12
-3.24% Feb 2007 Feb 2007 1 Mar 2007 1 2 1.87
-2.61% Nov 1993 Nov 1993 1 Dec 1993 1 2 1.51
-0.73% Mar 2021 Mar 2021 1 Apr 2021 1 2 0.42
-0.53% Jan 2005 Jan 2005 1 Feb 2005 1 2 0.31
-0.39% Nov 2017 Nov 2017 1 Dec 2017 1 2 0.22
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-61.05% Nov 2007 Feb 2009 16 Jan 2021 143 159 27.42
-59.04% Feb 1994 Aug 1998 55 Feb 2005 78 133 33.67
-42.25% Mar 2021 Oct 2022 20 in progress 11 31 26.24
-11.58% May 2006 May 2006 1 Nov 2006 6 7 8.05
-10.37% Mar 2005 Apr 2005 2 Jul 2005 3 5 6.48
-6.53% Oct 2005 Oct 2005 1 Dec 2005 2 3 3.27
-4.04% Feb 2006 Feb 2006 1 Apr 2006 2 3 2.38
-3.94% Jan 2007 Feb 2007 2 Mar 2007 1 3 1.97
-2.68% Nov 1993 Nov 1993 1 Dec 1993 1 2 1.55
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-60.44% Nov 2007 Feb 2009 16 Oct 2017 104 120 23.73
-55.33% Mar 1987 Dec 1987 10 Sep 1989 21 31 35.10
-55.05% Dec 1980 Jul 1982 20 May 1986 46 66 33.21
-54.22% Feb 1994 Aug 1998 55 Jan 2004 65 120 26.65
-36.52% Jul 2021 Oct 2022 16 in progress 11 27 22.33
-34.47% Aug 1990 Sep 1990 2 Feb 1991 5 7 19.05
-29.69% Feb 2018 Mar 2020 26 Nov 2020 8 34 15.17
-23.01% Jun 1992 Dec 1992 7 Apr 1993 4 11 13.98
-13.68% Feb 1980 Mar 1980 2 Nov 1980 8 10 6.61
-11.25% Apr 2004 Jul 2004 4 Oct 2004 3 7 7.34
-11.14% May 2006 May 2006 1 Nov 2006 6 7 7.49
-10.62% Jan 1990 Apr 1990 4 Jun 1990 2 6 6.39
-9.07% Sep 1986 Sep 1986 1 Jan 1987 4 5 4.68
-9.06% Mar 2005 Apr 2005 2 Jul 2005 3 5 5.61
-7.97% Feb 1976 Nov 1976 10 Nov 1977 12 22 4.49
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-62.07% Sep 1979 Dec 1987 100 Jul 1990 31 131 38.56
-61.05% Nov 2007 Feb 2009 16 Jan 2021 143 159 27.42
-59.04% Feb 1994 Aug 1998 55 Feb 2005 78 133 33.67
-42.25% Mar 2021 Oct 2022 20 in progress 11 31 26.24
-35.61% Aug 1990 Sep 1990 2 May 1991 8 10 17.52
-24.21% Jun 1992 Dec 1992 7 Jun 1993 6 13 14.00
-14.62% Feb 1976 Feb 1978 25 Aug 1978 6 31 9.17
-11.58% May 2006 May 2006 1 Nov 2006 6 7 8.05
-10.37% Mar 2005 Apr 2005 2 Jul 2005 3 5 6.48
-9.30% Sep 1978 Oct 1978 2 Aug 1979 10 12 4.33
-7.88% Jun 1991 Jun 1991 1 Aug 1991 2 3 4.95
-7.72% Nov 1991 Nov 1991 1 Dec 1991 1 2 4.46
-6.83% Feb 1992 Mar 1992 2 May 1992 2 4 4.26
-6.53% Oct 2005 Oct 2005 1 Dec 2005 2 3 3.27
-4.04% Feb 2006 Feb 2006 1 Apr 2006 2 3 2.38

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

ISHARES MSCI EMERGING MARKETS (EEM) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1976 - 30 September 2023 (~48 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -54.34 12/2007
11/2008
0.45$ -17.95 0.82$ 5.66 1.05$ 32.01 1.32$ 86.53 03/2009
02/2010
1.86$ 11.32 40.69%
2Y -25.90 09/1996
08/1998
0.54$ -10.00 0.80$ 2.39 1.04$ 25.58 1.57$ 49.17 03/2003
02/2005
2.22$ -11.17 43.92%
3Y -15.31 09/1995
08/1998
0.60$ -3.84 0.88$ 3.18 1.09$ 19.07 1.68$ 45.77 04/2003
03/2006
3.09$ -2.92 33.23%
5Y -10.37 02/1994
01/1999
0.57$ -2.93 0.86$ 3.97 1.21$ 14.90 2.00$ 38.98 11/2002
10/2007
5.18$ -0.25 28.57%
7Y -6.71 10/1994
09/2001
0.61$ -0.16 0.98$ 4.23 1.33$ 15.99 2.82$ 23.59 12/2000
11/2007
4.40$ 2.33 16.25%
10Y -0.02 04/2010
03/2020
0.99$ 1.74 1.18$ 7.15 1.99$ 13.52 3.55$ 17.56 09/1998
08/2008
5.04$ 1.39 0.41%
15Y -1.21 11/2007
10/2022
0.83$ 3.98 1.79$ 7.53 2.97$ 9.42 3.85$ 12.28 04/2003
03/2018
5.68$ 2.77 1.10%
20Y 4.57 02/1994
01/2014
2.44$ 5.52 2.92$ 7.05 3.90$ 8.57 5.17$ 10.20 10/2001
09/2021
6.97$ 6.57 0.00%
30Y 4.83 10/1993
09/2023
4.12$ 4.83 4.12$ 4.83 4.12$ 4.83 4.12$ 4.83 10/1993
09/2023
4.12$ 4.83 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -54.92 11/2007
10/2008
0.45$ -19.75 0.80$ 4.10 1.04$ 28.24 1.28$ 82.62 03/2009
02/2010
1.82$ 7.61 44.41%
2Y -27.30 09/1996
08/1998
0.52$ -11.90 0.77$ 0.75 1.01$ 21.88 1.48$ 46.06 03/2009
02/2011
2.13$ -16.03 47.77%
3Y -17.17 09/1995
08/1998
0.56$ -5.94 0.83$ 1.11 1.03$ 16.00 1.56$ 41.87 04/2003
03/2006
2.85$ -8.12 44.31%
5Y -12.44 02/1994
01/1999
0.51$ -5.50 0.75$ 2.09 1.10$ 12.16 1.77$ 35.09 11/2002
10/2007
4.49$ -4.08 39.20%
7Y -9.04 10/1994
09/2001
0.51$ -2.02 0.86$ 1.89 1.14$ 12.89 2.33$ 20.31 12/2000
11/2007
3.64$ -1.12 32.49%
10Y -2.30 11/2012
10/2022
0.79$ -0.30 0.97$ 4.72 1.58$ 10.79 2.78$ 14.17 09/1998
08/2008
3.76$ -1.32 17.84%
15Y -3.52 11/2007
10/2022
0.58$ 1.50 1.25$ 5.19 2.13$ 7.09 2.79$ 10.03 04/2003
03/2018
4.19$ 0.48 9.94%
20Y 2.14 02/1994
01/2014
1.52$ 3.26 1.89$ 4.78 2.54$ 6.23 3.34$ 7.85 10/2001
09/2021
4.53$ 3.91 0.00%
30Y 2.25 10/1993
09/2023
1.94$ 2.25 1.94$ 2.25 1.94$ 2.25 1.94$ 2.25 10/1993
09/2023
1.94$ 2.25 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -54.34 12/2007
11/2008
0.45$ -17.44 0.82$ 10.48 1.10$ 34.70 1.34$ 111.70 01/1991
12/1991
2.11$ 11.32 35.23%
2Y -29.06 08/1980
07/1982
0.50$ -10.86 0.79$ 7.89 1.16$ 33.17 1.77$ 64.67 01/1988
12/1989
2.71$ -11.17 36.73%
3Y -18.57 10/1979
09/1982
0.53$ -4.92 0.85$ 5.21 1.16$ 27.32 2.06$ 60.25 01/1989
12/1991
4.11$ -2.92 31.04%
5Y -10.37 02/1994
01/1999
0.57$ -2.87 0.86$ 5.36 1.29$ 22.09 2.71$ 49.02 01/1989
12/1993
7.34$ -0.25 26.07%
7Y -8.52 12/1980
11/1987
0.53$ -0.17 0.98$ 4.99 1.40$ 20.33 3.65$ 36.13 11/1987
10/1994
8.66$ 2.33 16.12%
10Y -2.16 01/1978
12/1987
0.80$ 1.75 1.18$ 7.97 2.15$ 16.99 4.80$ 25.17 02/1984
01/1994
9.44$ 1.39 3.08%
15Y -1.21 11/2007
10/2022
0.83$ 6.19 2.46$ 9.94 4.14$ 12.79 6.08$ 18.23 08/1982
07/1997
12.33$ 2.77 0.51%
20Y 4.57 02/1994
01/2014
2.44$ 6.49 3.51$ 8.87 5.47$ 12.33 10.23$ 18.64 01/1988
12/2007
30.52$ 6.57 0.00%
30Y 4.83 10/1993
09/2023
4.12$ 8.26 10.81$ 9.88 16.86$ 11.26 24.58$ 12.59 01/1988
12/2017
35.05$ 4.83 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -54.92 11/2007
10/2008
0.45$ -19.42 0.80$ 5.31 1.05$ 30.73 1.30$ 105.41 01/1991
12/1991
2.05$ 7.61 41.10%
2Y -34.66 08/1980
07/1982
0.42$ -14.17 0.73$ 3.09 1.06$ 29.25 1.67$ 57.53 01/1988
12/1989
2.48$ -16.03 43.27%
3Y -25.88 08/1979
07/1982
0.40$ -7.95 0.78$ 1.84 1.05$ 23.55 1.88$ 53.21 01/1989
12/1991
3.59$ -8.12 40.15%
5Y -14.65 08/1977
07/1982
0.45$ -6.40 0.71$ 2.76 1.14$ 18.72 2.35$ 43.45 01/1989
12/1993
6.07$ -4.08 38.91%
7Y -12.35 12/1980
11/1987
0.39$ -4.56 0.72$ 2.81 1.21$ 16.52 2.91$ 31.17 11/1987
10/1994
6.67$ -1.12 34.29%
10Y -8.04 01/1978
12/1987
0.43$ -1.18 0.88$ 5.27 1.67$ 13.33 3.49$ 20.73 02/1984
01/1994
6.58$ -1.32 24.45%
15Y -3.52 11/2007
10/2022
0.58$ 3.61 1.70$ 6.56 2.59$ 9.45 3.87$ 14.37 08/1982
07/1997
7.49$ 0.48 4.82%
20Y 1.52 09/1978
08/1998
1.35$ 3.72 2.07$ 5.63 2.99$ 9.16 5.76$ 15.14 01/1988
12/2007
16.77$ 3.91 0.00%
30Y 2.25 10/1993
09/2023
1.94$ 5.04 4.37$ 6.54 6.69$ 8.22 10.69$ 9.77 01/1988
12/2017
16.40$ 2.25 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares MSCI Emerging Markets (EEM) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares MSCI Emerging Markets (EEM) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
3.29
60%
-3.28
20%
-3.11
40%
0.79
60%
-0.90
60%
2.61
80%
0.97
40%
-1.46
40%
-3.57
20%
-0.82
60%
5.06
60%
2.05
60%
Best 10.3
2019
0.8
2021
3.2
2023
7.4
2020
3.0
2020
6.6
2020
8.3
2020
2.9
2020
1.7
2019
4.2
2019
15.6
2022
7.7
2019
Worst -6.2
2020
-7.6
2023
-15.8
2020
-6.1
2022
-7.3
2019
-5.1
2022
-6.4
2021
-6.6
2023
-11.5
2022
-8.8
2018
-4.1
2021
-3.5
2018
Monthly Seasonality over the period Feb 1976 - Sep 2023
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.71
50%
-1.36
40%
0.40
60%
1.09
70%
-0.91
50%
1.34
70%
1.46
60%
-1.38
50%
-2.69
20%
1.03
70%
1.62
30%
0.55
40%
Best 10.3
2019
4.4
2015
13.0
2016
7.4
2020
3.0
2020
6.6
2020
8.3
2020
2.9
2020
2.5
2016
6.4
2015
15.6
2022
7.7
2019
Worst -8.6
2014
-7.6
2023
-15.8
2020
-6.1
2022
-7.3
2019
-5.1
2022
-6.4
2021
-8.8
2015
-11.5
2022
-8.8
2018
-4.4
2016
-4.0
2014
Monthly Seasonality over the period Feb 1976 - Sep 2023
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
2.05
56%
0.08
50%
-0.14
50%
2.23
66%
0.20
50%
0.53
57%
1.27
54%
-0.28
51%
-0.93
50%
0.81
62%
1.40
57%
2.86
62%
Best 20.8
1988
13.7
1991
16.9
2009
15.6
2009
15.9
2009
16.1
1988
18.4
1987
16.9
1989
13.4
1989
21.3
1990
15.6
2022
32.8
1991
Worst -10.7
1995
-13.6
1994
-21.6
1987
-9.8
2004
-12.5
1998
-14.6
1992
-9.7
1982
-26.1
1998
-17.9
2011
-36.0
1987
-9.8
2000
-8.1
1994
Monthly Seasonality over the period Feb 1976 - Sep 2023

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the iShares MSCI Emerging Markets (EEM) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

ISHARES MSCI EMERGING MARKETS (EEM) ETF
Monthly Returns Distribution
Data Source: 1 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1976 - 30 September 2023 (~48 years)
198 Positive Months (55%) - 162 Negative Months (45%)
319 Positive Months (56%) - 254 Negative Months (44%)
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(Scroll down to see all data)
Investment Returns, up to December 2003, are simulated.
They have been derived using the historical series of equivalent ETFs / Assets.

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