iShares Emerging Markets Infrastructure ETF (EMIF) Performance
EMIF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.5% since Dec 31, 2025
- 1 year
- +9.8% total return
- 5 years
- +5.7% a year
- 10 years
- +1.8% a year
- Since first price
- +3.5% a year since 2009
EMIF trailing returns vs SPY, QQQ, AGG
| Period | EMIF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.3% | +3.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.4% | +4.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.4% | −7.4% | +7.8% | +8.4% | −1.5% |
| YTD | +3.5% | +2.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.8% | +5.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +59.3%+16.8%/yr | +41.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +32.1%+5.7%/yr | +11.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +19.0%+1.8%/yr | −12.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +48.4%+2.7%/yr | −5.5% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionJun 19, 2009 | +82.5%+3.5%/yr | +10.7% | — | — | — |
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: EMIF vs SPY
From Jun 19, 2009: EMIF grew to $18,246, SPY to $112,043.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EMIF returns by calendar year
10 of 16 full years positive. Best 2025 (+33.9%), worst 2020 (−20.0%). 2026 is year to date.
EMIF annual returns table
| Year | EMIF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +3.5% | −17.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +33.9% | −11.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +1.2% | −12.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +5.7% | −16.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.6% | −23.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +3.8% | −11.4% | +28.7% | +27.4% | −1.8% |
| 2020 | −20.0% | −46.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +16.4% | −12.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −13.7% | −22.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +20.7% | −6.4% | +21.7% | +32.7% | +3.6% |
| 2016 | +5.9% | −14.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −14.4% | −28.2% | +1.2% | +9.4% | +0.5% |
| 2014 | −2.1% | −17.7% | +13.5% | +19.2% | +6.0% |
| 2013 | +2.8% | −19.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +22.5% | −14.7% | +16.0% | +18.1% | +3.8% |
| 2011 | −13.3% | −31.2% | +1.9% | +3.4% | +7.7% |
| 2010 | +18.7% | −15.7% | +15.1% | +19.9% | +6.4% |
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.
EMIF largest drawdowns
Now 10.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 26, 2018 | −48.0% | Mar 23, 2020 | Jan 20, 2026 | 2.2 years | 8.0 years |
| Sep 3, 2014 | −35.1% | Jan 21, 2016 | Jan 25, 2018 | 1.4 years | 3.4 years |
| Apr 21, 2011 | −31.2% | Oct 3, 2011 | Jan 4, 2013 | 5 months | 1.7 years |
| Feb 14, 2013 | −19.5% | Jun 24, 2013 | Jun 18, 2014 | 4 months | 1.3 years |
| Feb 20, 2026 | −17.2% | Aug 14, 2026 | not yet | 6 months | 8 months so far |
| Jan 19, 2010 | −15.7% | May 25, 2010 | Sep 14, 2010 | 4 months | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EMIF risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | +12.8% | +4.5% | +1.6% | +3.3% |
| Volatility (annualized) | 13.5% | 16.2% | 17.9% | 18.1% |
| Sharpe ratio | 0.64 | 0.13 | 0.05 | 0.20 |
| Sortino ratio | 1.01 | 0.19 | 0.07 | 0.29 |
| Best month | +8.1% | +11.3% | +15.9% | +17.0% |
| Worst month | −8.1% | −11.2% | −24.1% | −24.1% |
| Best 12 months | +54.6% | +54.6% | +54.6% | +54.6% |
| Worst 12 months | +0.5% | −22.1% | −32.4% | −32.4% |
| Positive months | 64% | 55% | 51% | 52% |
| Beta vs S&P 500 | 0.32 | 0.47 | 0.65 | — |
| Correlation with S&P 500 | 0.30 | 0.45 | 0.56 | — |
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.
EMIF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 197 | −32.4% | +4.5% | +54.6% | 64% |
| 3-year (a year) | 173 | −14.1% | +0.8% | +17.7% | 58% |
| 5-year (a year) | 149 | −8.3% | −0.5% | +10.3% | 47% |
| 10-year (a year) | 89 | −3.1% | −0.8% | +4.8% | 37% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
EMIF performance overview
iShares Emerging Markets Infrastructure ETF (EMIF) returned +9.8% over the past year and +1.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned +3.5% a year, turning $10,000 into about $18,246. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −48.0%, from Jan 26, 2018 to Mar 23, 2020, and it took 5.8 years to get back to the old high. EMIF finished 10 of its 16 full calendar years with a gain; the best year was 2025 (+33.9%) and the worst 2020 (−20.0%). Volatility has been 18.1% a year.
Related: EMIF chart, EMIF holdings, EMIF dividends. See the EMIF overview for the latest quote and fund facts.
EMIF performance FAQ
What is the EMIF return over the past year?
EMIF returned +9.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.3%.
What is the average annual return of EMIF?
EMIF has returned +5.7% a year over 5 years, +1.8% a year over 10 years, +3.5% a year since June 19, 2009 (total return, distributions reinvested).
How much would $10,000 invested in EMIF be worth?
$10,000 invested in EMIF at its first recorded close on June 19, 2009 would be worth about $18,246 on October 23, 2026 with distributions reinvested.
What was the worst year for EMIF?
The worst calendar year was 2020, with a total return of −20.0%. The best was 2025 at +33.9%.
What is the biggest drawdown of EMIF?
The largest peak-to-trough decline was −48.0% between January 26, 2018 and March 23, 2020. It recovered to the old high on January 20, 2026, 5.8 years after the bottom.
How volatile is EMIF?
Over the past 3 years EMIF had an annualized volatility of 13.5% and a Sharpe ratio of 0.64 (excess return over 1–3 month T-bills per unit of risk).