iShares MSCI Emerging Markets Multifactor ETF (EMGF) Performance
EMGF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.9% since Dec 31, 2025
- 1 year
- +17.4% total return
- 5 years
- +8.8% a year
- 10 years
- +8.9% a year
- Since first price
- +9.6% a year since 2015
EMGF trailing returns vs SPY, QQQ, AGG
| Period | EMGF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.3% | −8.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.6% | −3.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.9% | +0.1% | +7.8% | +8.4% | −1.5% |
| YTD | +15.9% | +15.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.4% | +14.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +88.5%+23.5%/yr | +67.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +52.3%+8.8%/yr | +26.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +135.1%+8.9%/yr | +73.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionDec 10, 2015 | +170.3%+9.6%/yr | +98.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EMGF vs SPY
From Dec 10, 2015: EMGF grew to $27,027, SPY to $44,157.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EMGF returns by calendar year
8 of 10 full years positive. Best 2017 (+42.4%), worst 2018 (−19.7%). 2026 is year to date.
EMGF annual returns table
| Year | EMGF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.9% | −14.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +31.4% | −14.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.1% | −10.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.9% | −11.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −16.6% | −27.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +6.6% | −9.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +10.3% | −34.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +21.0% | −11.4% | +31.2% | +39.0% | +8.5% |
| 2018 | −19.7% | −28.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +42.4% | −5.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +8.1% | −10.2% | +12.0% | +7.1% | +2.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EMGF largest drawdowns
Now 12.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 26, 2018 | −40.2% | Mar 23, 2020 | Jan 5, 2021 | 2.2 years | 2.9 years |
| Jun 4, 2021 | −28.6% | Oct 31, 2022 | Jul 11, 2024 | 1.4 years | 3.1 years |
| Oct 7, 2024 | −17.7% | Apr 8, 2025 | Jun 4, 2025 | 6 months | 8 months |
| Jun 22, 2026 | −14.6% | Jul 29, 2026 | not yet | 37 days | 4 months so far |
| Dec 23, 2015 | −13.9% | Jan 15, 2016 | Mar 21, 2016 | 23 days | 3 months |
| Feb 25, 2026 | −13.5% | Mar 30, 2026 | Apr 17, 2026 | 33 days | 51 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EMGF risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +25.3% | +10.8% | +9.6% | +10.4% |
| Volatility (annualized) | 15.5% | 16.8% | 16.7% | 16.9% |
| Sharpe ratio | 1.26 | 0.48 | 0.50 | 0.55 |
| Sortino ratio | 2.41 | 0.79 | 0.78 | 0.87 |
| Best month | +13.2% | +13.9% | +13.9% | +13.9% |
| Worst month | −9.2% | −10.8% | −15.7% | −15.7% |
| Best 12 months | +53.1% | +53.1% | +54.8% | +54.8% |
| Worst 12 months | +7.8% | −24.0% | −24.0% | −24.0% |
| Positive months | 72% | 57% | 60% | 60% |
| Beta vs S&P 500 | 0.83 | 0.71 | 0.76 | — |
| Correlation with S&P 500 | 0.66 | 0.66 | 0.69 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EMGF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 119 | −24.0% | +10.9% | +54.8% | 71% |
| 3-year (a year) | 95 | −2.9% | +4.8% | +27.2% | 85% |
| 5-year (a year) | 71 | −2.0% | +6.9% | +13.0% | 89% |
| 10-year (a year) | 11 | +8.8% | +10.0% | +11.2% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
EMGF performance overview
iShares MSCI Emerging Markets Multifactor ETF (EMGF) returned +17.4% over the past year and +8.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +9.6% a year, turning $10,000 into about $27,027. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −40.2%, from Jan 26, 2018 to Mar 23, 2020, and it took 9 months to get back to the old high. EMGF finished 8 of its 10 full calendar years with a gain; the best year was 2017 (+42.4%) and the worst 2018 (−19.7%). Volatility has been 16.9% a year.
Related: EMGF chart, EMGF holdings, EMGF dividends. See the EMGF overview for the latest quote and fund facts.
EMGF performance FAQ
What is the EMGF return over the past year?
EMGF returned +17.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.7%.
What is the average annual return of EMGF?
EMGF has returned +8.8% a year over 5 years, +8.9% a year over 10 years, +9.6% a year since December 10, 2015 (total return, distributions reinvested).
How much would $10,000 invested in EMGF be worth?
$10,000 invested in EMGF at its first recorded close on December 10, 2015 would be worth about $27,027 on October 23, 2026 with distributions reinvested.
What was the worst year for EMGF?
The worst calendar year was 2018, with a total return of −19.7%. The best was 2017 at +42.4%.
What is the biggest drawdown of EMGF?
The largest peak-to-trough decline was −40.2% between January 26, 2018 and March 23, 2020. It recovered to the old high on January 5, 2021, 9 months after the bottom.
How volatile is EMGF?
Over the past 3 years EMGF had an annualized volatility of 15.5% and a Sharpe ratio of 1.26 (excess return over 1–3 month T-bills per unit of risk).