ETF Versus

IEMG vs IJR

iShares Core MSCI Emerging Markets ETF vs iShares Core S&P Small-Cap ETF

Last updated: 2026-04-02

IEMG iShares

iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund issued by iShares that provides exposure to stocks in emerging market economies with higher growth potential. It charges a low expense ratio of 0.09%. The fund offers an attractive dividend yield of 2.63%. Launched in 2012, the fund has a 14-year track record.

AUM: $132.2B ER: 0.09% Yield: 2.63% Since: Oct 18, 2012
IJR iShares

iShares Core S&P Small-Cap ETF (IJR) is an exchange-traded fund issued by iShares that provides exposure to small-cap U.S. equities with higher growth potential and volatility. It charges a low expense ratio of 0.06%. The fund offers a moderate dividend yield of 1.28%. Launched in 2000, the fund has a 26-year track record.

AUM: $90.2B ER: 0.06% Yield: 1.28% Since: May 22, 2000

Quick Verdict

IJR has a slightly lower expense ratio (0.06% vs 0.09%), saving about $60 per $10,000 over 10 years. Over the past year, IEMG has significantly outperformed with a 29.6% return vs 19.2%. Income investors may prefer IEMG for its higher yield (2.6% vs 1.3%).

Key Metrics

Metric IEMG IJR
Expense Ratio 0.09% 0.06%
Dividend Yield 2.6% 1.3%
Fund Family iShares iShares
Category Emerging Markets US Small Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

65 76 87 98 109 120 2021-04 2022-06 2023-09 2024-12 2026-04
IEMG +7.7%
IJR +13.0%

Performance Comparison

Period IEMG IJR Difference
1 Month -6.83% -4.33% -2.50%
3 Months +1.86% +2.92% -1.06%
6 Months +5.01% +4.03% +0.98%
YTD +1.86% +2.92% -1.06%
1 Year +29.64% +19.20% +10.44%
3 Years +43.63% +29.06% +14.57%
5 Years +7.71% +12.98% -5.27%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IEMG Fees IJR Fees You Save
$10.000 10 years $179 $120 $60
$10.000 20 years $771 $515 $256
$10.000 30 years $2.486 $1.664 $822
$50.000 10 years $896 $598 $298
$50.000 30 years $12.428 $8.318 $4.109
$100.000 30 years $24.855 $16.637 $8.218

Risk Metrics

Based on 5 years of daily returns

Metric IEMG IJR
Annualized Volatility 18.1% 21.6%
Max Drawdown -38.5% -28.9%
Sharpe Ratio -0.08 0.01

Dividend Comparison

Metric IEMG IJR
Annual Dividend (per share) $1.85 $1.60
Dividend Yield 2.63% 1.28%
Distribution Frequency Semi-Annual or Annual Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

IEMG Top Holdings

NameWeight
Taiwan Semiconductor Manufacturing Company Limited!tpe/233011.60%
Samsung Electronics Co., Ltd.!krx/0059304.66%
Tencent Holdings Limited!hkg/07003.32%
SK hynix Inc.!krx/0006602.75%
Alibaba Group Holding Limited!hkg/99882.22%
China Construction Bank Corporation!hkg/09390.82%
Delta Electronics, Inc.!tpe/23080.76%
HDFC Bank Limited!nse/HDFCBANK0.75%
Reliance Industries Limited!nse/RELIANCE0.71%
Hon Hai Precision Industry Co., Ltd.!tpe/23170.65%

IJR Top Holdings

NameWeight
BLK CSH FND TREASURY SL AGENCYXTSLA1.37%
Eastman Chemical CompanyEMN0.54%
Viavi Solutions Inc.VIAV0.53%
Argan, Inc.AGX0.52%
Primoris Services CorporationPRIM0.52%
FormFactor, Inc.FORM0.51%
Element Solutions IncESI0.51%
LKQ CorporationLKQ0.50%
SM Energy CompanySM0.49%
ESCO Technologies Inc.ESE0.48%

Which One Should You Choose?

Choose IJR if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose IEMG if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose IEMG if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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