iShares MSCI Emerging Markets ETF(EEM)
AI Look-Through Summary
AI GeneratedThe iShares MSCI Emerging Markets ETF maintains a substantial asset base of approximately $25 billion, reflecting significant investor interest in the developing markets segment. The portfolio exhibits a pronounced concentration risk within its top holdings, where the single largest position accounts for over 13% of total assets, while the second and third positions each represent more than one-third of that initial weight. This heavy weighting suggests that performance will be disproportionately influenced by the fortunes of these specific issuers rather than being evenly distributed across a broad spectrum of emerging economies. The top ten holdings collectively dominate the fund's composition, indicating a strategy that relies heavily on market leaders within key regions to drive overall returns.
Geographically and sectorially, the provided data points toward a heavy reliance on Asian markets, as evidenced by ticker prefixes such as TW for Taiwan and KR for Korea occupying multiple spots in the top ten list alongside other unidentified jurisdictions represented by codes like KYG and G017. The absence of specific country names or industry classifications necessitates an inference that this fund captures broad regional exposure rather than targeting niche sectors or developed economies. With nearly half of the largest positions concentrated in just two identifiable Asian markets, the portfolio's volatility may closely mirror economic shifts within those specific territories. Quantitatively, the sheer size of the top holding relative to subsequent ones implies a lack of diversification compared to funds with flatter distribution curves, potentially amplifying both upside potential and downside risk during periods of regional instability or market correction.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-24 00:48:29.804991+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 45/100The investment theme implied by the name "Emerging Markets" is broadly supported, yet the specific composition of top holdings reveals a heavy concentration in Asian equities rather than a diversified representation across all emerging regions. While several tickers correspond to major economies like South Korea and Taiwan, others utilize formats or identifiers that do not immediately clarify their geographic origin without external verification, potentially obscuring true regional exposure. Furthermore, the dominance of specific large-cap entities within the top ten positions suggests the fund may be relying on a narrow set of mega-caps to anchor performance, which can dilute the intended thematic focus on broader emerging market dynamics in favor of stability provided by established giants.
Sector coherence appears constrained by this heavy weighting toward Asian markets, as significant portions of capital are likely tied to technology and telecommunications sectors where these specific large caps operate, rather than reflecting a balanced mix of consumer staples, industrials, or financials typical of the wider emerging market universe. The top-ten concentration ratio of 33.8% indicates that less than one-third of the portfolio is distributed among just ten names, creating a profile that behaves more like an Asian equity tracker than a truly global emerging markets index. This structural characteristic differentiates the fund from broad benchmarks by introducing distinct regional and sector biases, meaning returns will be heavily influenced by the performance of these specific Asian leaders rather than the aggregate trends of developing economies worldwide.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-15 00:25:35.166451+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share EEM's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of EEM's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| IXUSiShares Core MSCI Total International Stock ETF | $52B | — | 999 | 100.0% |
| ACWIiShares MSCI ACWI ETF | $28B | — | 757 | 88.0% |
| EMXCiShares MSCI Emerging Markets ex China ETF | $18B | — | 647 | 78.0% |
| SCHESCHE | $11B | — | 806 | 68.6% |
| SCHFSCHF | $57B | — | 82 | 17.7% |
100% of EEM's portfolio by weight is also held by IXUS, which commands 2× more assets under management. When IXUS receives inflows, it mechanically buys these shared stocks — dragging EEM's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofEEM's weight.
Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 36% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 61% of fund weight with Piotroski data.
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation. Data that Vanguard and BlackRock don't surface.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside EEM collectively pay out 470% of their Free Cash Flow to maintain the current yield. Warning: constituent companies are paying out nearly all cash flow. A wave of dividend cuts may be imminent if earnings decline. Based on 42% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryEEM is up 57.8% over the last 12 months. The underlying weighted earnings growth of its constituents is +40.3%. The remaining +17.5% of performance is driven by multiple expansion (P/E inflation) — prices rose faster than earnings grew.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 61% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of EEM's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of EEM's analyzed weight, 78% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 22% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 37% of fund weight with available data. Not investment advice.
Concentration Risk Monitor
HIGHTW0002330008 at 13.1% contributes an estimated 66% of portfolio variance.EEM holds 50 stocks but behaves like an 38-stock portfolio due to weight concentration in the top holdings.
Effective # of Stocks = 1 / HHI (Herfindahl-Hirschman Index). Variance share approximated as w² / Σw². Not investment advice.
Passive Crowding Score
LOWHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
EEM has a low Passive Crowding Score of 0/100. On average, 0.1% of the market capitalization of EEM's underlying holdings is structurally locked in passive ETF vehicles. This indicates relatively low passive crowding — the underlying stocks have ample active-market liquidity to absorb ETF-driven flows without significant price distortion.
Passive $ = Σ(ETF AUM × holding weight) across all 5 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | TW0002330008 | Taiwan Semiconductor Manufacturing Co., Ltd. | 13.14% | 31.9x | 9/9 |
| 2 | KR7005930003 | Samsung Electronics Co., Ltd. | 6.07% | — | 6/9 |
| 3 | KYG875721634 | Tencent Holdings Limited | 3.61% | 15.3x | 7/9 |
| 4 | KR7000660001 | SK hynix Inc. | 3.45% | — | 8/9 |
| 5 | G01719114 | Alibaba Group Holding Limited | 2.66% | — | — |
| 6 | 066922519 | BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares | 1.48% | — | — |
| 7 | INE040A01034 | HDFC BANK LIMITED | 0.93% | 16.6x | 5/9 |
| 8 | CNE1000002H1 | CHINA CONSTRUCTION BANK CORPORATION | 0.84% | 5.4x | 4/9 |
| 9 | TW0002317005 | HON HAI PRECISION INDUSTRY CO., LTD. | 0.82% | 15.0x | 6/9 |
| 10 | INE002A01018 | RELIANCE INDUSTRIES LIMITED | 0.80% | 22.1x | 4/9 |
| 11 | TW0002454006 | MediaTek Inc. | 0.80% | 24.1x | 4/9 |
| 12 | TW0002308004 | DELTA ELECTRONICS, INC. | 0.75% | 65.6x | 8/9 |
| 13 | KR7005931001 | Samsung Electronics Co., Ltd. | 0.70% | — | — |
| 14 | KYG9830T1067 | XIAOMI CORPORATION | 0.65% | 18.2x | — |
| 15 | INE090A01021 | ICICI BANK LIMITED | 0.64% | 17.2x | 6/9 |
Historical Holdings Snapshots
Browse how EEM’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
15 holdings · 37.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | TW0002330008 | 13.14% | 63,477,000 | $4.0B |
| 2 | KR7005930003 | 6.07% | 12,216,199 | $1.8B |
| 3 | KYG875721634 | 3.61% | 16,522,600 | $1.1B |
| 4 | KR7000660001 | 3.45% | 1,408,247 | $1.0B |
| 5 | G01719114 | 2.66% | 44,311,156 | $801.9M |
| 6 | 066922519 | 1.48% | 445,112,588 | $445.3M |
| 7 | INE040A01034 | 0.93% | 28,643,192 | $280.0M |
| 8 | CNE1000002H1 | 0.84% | 248,426,760 | $252.7M |
| 9 | TW0002317005 | 0.82% | 32,434,873 | $248.1M |
| 10 | INE002A01018 | 0.80% | 15,715,046 | $241.2M |
| 11 | TW0002454006 | 0.80% | 3,905,338 | $240.6M |
| 12 | TW0002308004 | 0.75% | 5,001,000 | $225.5M |
| 13 | KR7005931001 | 0.70% | 2,103,301 | $211.3M |
| 14 | KYG9830T1067 | 0.65% | 44,406,000 | $196.4M |
| 15 | INE090A01021 | 0.64% | 12,599,073 | $191.6M |
2026-05-23
15 holdings · 37.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | TW0002330008 | 13.14% | 63,477,000 | $4.0B |
| 2 | KR7005930003 | 6.07% | 12,216,199 | $1.8B |
| 3 | KYG875721634 | 3.61% | 16,522,600 | $1.1B |
| 4 | KR7000660001 | 3.45% | 1,408,247 | $1.0B |
| 5 | G01719114 | 2.66% | 44,311,156 | $801.9M |
| 6 | 066922519 | 1.48% | 445,112,588 | $445.3M |
| 7 | INE040A01034 | 0.93% | 28,643,192 | $280.0M |
| 8 | CNE1000002H1 | 0.84% | 248,426,760 | $252.7M |
| 9 | TW0002317005 | 0.82% | 32,434,873 | $248.1M |
| 10 | INE002A01018 | 0.80% | 15,715,046 | $241.2M |
| 11 | TW0002454006 | 0.80% | 3,905,338 | $240.6M |
| 12 | TW0002308004 | 0.75% | 5,001,000 | $225.5M |
| 13 | KR7005931001 | 0.70% | 2,103,301 | $211.3M |
| 14 | KYG9830T1067 | 0.65% | 44,406,000 | $196.4M |
| 15 | INE090A01021 | 0.64% | 12,599,073 | $191.6M |
2026-05-22
15 holdings · 37.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | TW0002330008 | 13.14% | 63,477,000 | $4.0B |
| 2 | KR7005930003 | 6.07% | 12,216,199 | $1.8B |
| 3 | KYG875721634 | 3.61% | 16,522,600 | $1.1B |
| 4 | KR7000660001 | 3.45% | 1,408,247 | $1.0B |
| 5 | G01719114 | 2.66% | 44,311,156 | $801.9M |
| 6 | 066922519 | 1.48% | 445,112,588 | $445.3M |
| 7 | INE040A01034 | 0.93% | 28,643,192 | $280.0M |
| 8 | CNE1000002H1 | 0.84% | 248,426,760 | $252.7M |
| 9 | TW0002317005 | 0.82% | 32,434,873 | $248.1M |
| 10 | INE002A01018 | 0.80% | 15,715,046 | $241.2M |
| 11 | TW0002454006 | 0.80% | 3,905,338 | $240.6M |
| 12 | TW0002308004 | 0.75% | 5,001,000 | $225.5M |
| 13 | KR7005931001 | 0.70% | 2,103,301 | $211.3M |
| 14 | KYG9830T1067 | 0.65% | 44,406,000 | $196.4M |
| 15 | INE090A01021 | 0.64% | 12,599,073 | $191.6M |
2026-05-21
15 holdings · 37.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | TW0002330008 | 13.14% | 63,477,000 | $4.0B |
| 2 | KR7005930003 | 6.07% | 12,216,199 | $1.8B |
| 3 | KYG875721634 | 3.61% | 16,522,600 | $1.1B |
| 4 | KR7000660001 | 3.45% | 1,408,247 | $1.0B |
| 5 | G01719114 | 2.66% | 44,311,156 | $801.9M |
| 6 | 066922519 | 1.48% | 445,112,588 | $445.3M |
| 7 | INE040A01034 | 0.93% | 28,643,192 | $280.0M |
| 8 | CNE1000002H1 | 0.84% | 248,426,760 | $252.7M |
| 9 | TW0002317005 | 0.82% | 32,434,873 | $248.1M |
| 10 | INE002A01018 | 0.80% | 15,715,046 | $241.2M |
| 11 | TW0002454006 | 0.80% | 3,905,338 | $240.6M |
| 12 | TW0002308004 | 0.75% | 5,001,000 | $225.5M |
| 13 | KR7005931001 | 0.70% | 2,103,301 | $211.3M |
| 14 | KYG9830T1067 | 0.65% | 44,406,000 | $196.4M |
| 15 | INE090A01021 | 0.64% | 12,599,073 | $191.6M |
2026-05-20
15 holdings · 37.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | TW0002330008 | 13.14% | 63,477,000 | $4.0B |
| 2 | KR7005930003 | 6.07% | 12,216,199 | $1.8B |
| 3 | KYG875721634 | 3.61% | 16,522,600 | $1.1B |
| 4 | KR7000660001 | 3.45% | 1,408,247 | $1.0B |
| 5 | G01719114 | 2.66% | 44,311,156 | $801.9M |
| 6 | 066922519 | 1.48% | 445,112,588 | $445.3M |
| 7 | INE040A01034 | 0.93% | 28,643,192 | $280.0M |
| 8 | CNE1000002H1 | 0.84% | 248,426,760 | $252.7M |
| 9 | TW0002317005 | 0.82% | 32,434,873 | $248.1M |
| 10 | INE002A01018 | 0.80% | 15,715,046 | $241.2M |
| 11 | TW0002454006 | 0.80% | 3,905,338 | $240.6M |
| 12 | TW0002308004 | 0.75% | 5,001,000 | $225.5M |
| 13 | KR7005931001 | 0.70% | 2,103,301 | $211.3M |
| 14 | KYG9830T1067 | 0.65% | 44,406,000 | $196.4M |
| 15 | INE090A01021 | 0.64% | 12,599,073 | $191.6M |
2026-05-19
15 holdings · 37.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | TW0002330008 | 13.14% | 63,477,000 | $4.0B |
| 2 | KR7005930003 | 6.07% | 12,216,199 | $1.8B |
| 3 | KYG875721634 | 3.61% | 16,522,600 | $1.1B |
| 4 | KR7000660001 | 3.45% | 1,408,247 | $1.0B |
| 5 | G01719114 | 2.66% | 44,311,156 | $801.9M |
| 6 | 066922519 | 1.48% | 445,112,588 | $445.3M |
| 7 | INE040A01034 | 0.93% | 28,643,192 | $280.0M |
| 8 | CNE1000002H1 | 0.84% | 248,426,760 | $252.7M |
| 9 | TW0002317005 | 0.82% | 32,434,873 | $248.1M |
| 10 | INE002A01018 | 0.80% | 15,715,046 | $241.2M |
| 11 | TW0002454006 | 0.80% | 3,905,338 | $240.6M |
| 12 | TW0002308004 | 0.75% | 5,001,000 | $225.5M |
| 13 | KR7005931001 | 0.70% | 2,103,301 | $211.3M |
| 14 | KYG9830T1067 | 0.65% | 44,406,000 | $196.4M |
| 15 | INE090A01021 | 0.64% | 12,599,073 | $191.6M |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Fama-French 5-Factor Exposure
Academic factor model decomposition — what's really driving this ETF's returns.
Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.
Price Chart with Moving Averages
What Drove EEM Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Top Contributors
Top Detractors
Attribution = holding weight × stock daily return. Only the top contributors and detractors are shown.
Technical Setup
AI GeneratedThe iShares MSCI Emerging Markets ETF is currently trading at $64.26, a level that requires contextualization against its moving average envelope to assess relative positioning. Without specific values for the short-term and long-term moving averages or their upper and lower bands, it remains impossible to definitively state whether the current price represents an extreme deviation suggesting imminent mean reversion or a stable equilibrium within normal volatility parameters. If this price point sits near the outer boundaries of its historical average range, it could theoretically signal heightened potential for a return toward the centerline; conversely, if it resides comfortably in the middle third of the envelope, the asset may simply be exhibiting standard trend-following behavior with no immediate pressure to revert. The absence of defined support and resistance levels within the provided data prevents any concrete assessment of how far removed the current valuation is from its statistical mean. Technical analysis relies heavily on the relationship between spot price and these dynamic averages to gauge momentum exhaustion or accumulation phases. Consequently, while the $64.26 figure establishes a baseline for observation, it does not inherently confirm whether the market is overextended in either direction or merely consolidating around a fair value determined by recent trading history. Ultimately, determining mean-reversion potential necessitates comparing this specific price against the calculated standard deviations of its moving averages. Until those comparative metrics are established, the current setup offers only a snapshot of absolute price rather than relative strength or weakness within the context of the ETF's broader statistical distribution.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How EEM’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
AUM & Capital Flow Tracker
Estimated assets under management derived from SEC filings and daily price movements — tracks how the fund's value evolves over time.
Estimated AUM derived from the latest SEC N-PORT filing TNA ($31.52B) scaled by daily price changes. Filing snapshots update when new regulatory filings are published (quarterly for most funds, daily for ARK).
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.