Emerging markets ETFs in dollar displacement

Stocks in emerging and frontier markets. Driven by the dollar, which many of these economies borrow and trade in.

84ETFs in this category
$422.8bnmoney in them
17.3%of dollar displacement’s money
IEMGlargest unleveraged ETF, 35.6%

How they did, to Nov 2, 2026

1 monthYTD12 months
Category median−8.6%+11.8%+12.6%
Its story−3.1%+10.8%+13.8%
Broad US ETFs−2.5%+11.5%+11.8%

Every ETF here, largest first

#ETFNameAssetsShare12 monthsFee
1IEMGiShares Core MSCI Emerging Markets ETF$150.3bn35.6%+11.7%0.09%
2VWOVanguard FTSE Emerging Markets ETF$119.8bn28.3%+3.6%0.06%
3EEMiShares MSCI Emerging Markets ETF$29.1bn6.9%+12.7%0.72%
4AVEMAvantis Emerging Markets Equity ETF$27.5bn6.5%+14.1%0.33%
5SPEMSPDR Portfolio Emerging Markets ETF$16.4bn3.9%+5.0%0.07%
6SCHESchwab Emerging Markets Equity ETF$12.2bn2.9%+4.4%0.06%
7FNDESchwab Fundamental Emerging Markets Equity ETF$10.0bn2.4%+14.6%0.39%
8DFAEDimensional Emerging Core Equity Market ETF$9.4bn2.2%+12.6%0.29%
9DFEMDimensional Emerging Core Equity ETF$9.1bn2.1%+12.5%0.39%
10DEMWisdomTree Emerging Markets High Dividend Fund$4.0bn0.9%+19.6%0.63%
11EEMViShares MSCI Emerging Markets Min Vol Factor ETF$3.5bn0.8%+11.8%0.25%
12DFEVDimensional Emerging Markets Value ETF$2.2bn0.5%+21.4%0.43%
13EMOPAB Emerging Markets Opportunities ETF$2.0bn0.5%+14.5%0.70%
14PXHInvesco RAFI Emerging Markets ETF$2.0bn0.5%+13.3%0.47%
15XSOEWisdomTree Emerging Markets ex-State-Owned Enterprises Fund$1.9bn0.5%+10.6%0.32%
16EMGFiShares Emerging Markets Equity Factor ETF$1.8bn0.4%+14.1%0.26%
17GEMGoldman Sachs ActiveBeta Emerging Markets Equity ETF$1.7bn0.4%+13.1%0.35%
18JEMAJPMorgan ActiveBuilders Emerging Markets Equity ETF$1.6bn0.4%+16.5%0.33%
19DGSWisdomTree Emerging Markets SmallCap Dividend Fund$1.6bn0.4%+7.5%0.58%
20AVESAvantis Emerging Markets Value ETF$1.5bn0.4%+7.7%0.36%
21EDIVSPDR S&P Emerging Markets Dividend ETF$1.2bn0.3%+9.4%0.49%
22DVYEiShares Emerging Markets Dividend ETF$1.1bn0.3%+14.3%0.49%
23EMCSXtrackers MSCI Emerging Markets Select ETF$1.1bn0.2%+21.6%0.15%
24JHEMJohn Hancock Multifactor Emerging Markets ETF$923m0.2%+14.8%0.49%
25EYLDCambria Emerging Shareholder Yield ETF$914m0.2%+24.0%0.63%
26BBEMJPMorgan Betabuilders Emerging Markets Equity ETF$824m0.2%+12.5%0.15%
27FEMFirst Trust Emerging Markets AlphaDEX Fund$769m0.2%+17.7%0.80%
28SEEMSEI Select Emerging Markets Equity ETF$644m0.2%+17.6%0.60%
29EWXState Street SPDR S&P Emerging Markets Small Cap ETF$625m0.1%+0.4%0.65%
30EMEQNomura Focused Emerging Markets Equity ETF$612m0.1%+52.6%0.85%
31FDEMFidelity Emerging Markets Multifactor ETF$504m0.1%+12.6%0.25%
32DEHPDimensional Emerging Markets High Profitability ETF$423m0.1%+16.4%0.41%
33EELVInvesco S&P Emerging Markets Low Volatility ETF$386m0.1%+8.6%0.29%
34JPEMJPMorgan Diversified Return Emerging Markets Equity ETF$365m0.1%+7.6%0.44%
35EEMSiShares MSCI Emerging Markets Small-Cap ETF$361m0.1%+3.2%0.72%
36AGEMabrdn Emerging Markets Dividend Active ETF$346m0.1%+19.5%0.70%
37TLTENorthern Trust Morningstar Emerging Markets Factor Tilt ETF$329m0.1%+12.0%0.57%
38ECONColumbia Research Enhanced Emerging Economies ETF$294m0.1%+18.0%0.47%
39PIEInvesco Dorsey Wright Emerging Markets Momentum ETF$259m0.1%+30.0%0.90%
40UEVMVictoryShares Emerging Markets Value Momentum ETF$234m0.1%+3.2%0.45%
41EMQQEMQQ The Emerging Markets Internet ETF$220m0.1%−31.3%0.86%
42FEMRFidelity Enhanced Emerging Markets ETF$205m0.0%+19.1%0.38%
43FEMSFirst Trust Emerging Markets Small Cap AlphaDEX Fund$199m0.0%−2.8%0.80%
44ECOWPacer Emerging Markets Cash Cows 100 ETF$195m0.0%+8.7%0.70%
45EMMFWisdomTree Emerging Markets Multifactor Fund$184m0.0%+11.8%0.48%
46EMKTLazard Emerging Markets Opportunities ETF$170m0.0%+13.5%0.74%
47MFEMPIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF$148m0.0%+17.0%0.49%
48DGREWisdomTree Emerging Markets Quality Dividend Growth Fund$145m0.0%+23.5%0.32%
49AVEEAvantis Emerging Markets Small Cap Equity ETF$141m0.0%+0.6%0.42%
50GSEEGoldman Sachs MarketBeta Emerging Markets Equity ETF$129m0.0%+12.0%0.36%
51REMGRussell Investments Emerging Markets Equity ETF$113m0.0%+12.9%0.64%
52ROAMHartford Multifactor Emerging Markets ETF$103m0.0%+19.3%0.44%
53BKEMBNY Mellon Emerging Markets Equity ETF$103m0.0%+12.8%0.11%
54DIEMFranklin Emerging Market Core Dividend Tilt Index ETF$93m0.0%+22.2%0.19%
55FINTFrontier Asset Total International Equity ETF$79m0.0%+17.0%0.87%
56AFEMFirst Trust Active Factor Emerging Markets Fund$79m0.0%+19.0%0.85%
57XCWisdomTree True Emerging Markets Fund$72m0.0%−3.7%0.32%
58FFEMFidelity Fundamental Emerging Markets ETF$62m0.0%+15.9%0.60%
59EEMOInvesco S&P Emerging Markets Momentum ETF$62m0.0%+9.7%0.29%
60QEMMState Street SPDR MSCI Emerging Markets StrategicFactors ETF$56m0.0%+16.5%0.30%
61EMCGlobal X Emerging Markets Great Consumer ETF$53m0.0%+8.4%0.65%
62NTSEWisdomTree Emerging Markets Efficient Core Fund$53m0.0%+15.5%0.32%
63MEMMatthews Emerging Markets Equity Active ETF$51m0.0%+5.2%0.79%
64BCEMBaron Emerging Markets Select ETF$49m0.0%–0.80%
65SDEMGlobal X MSCI SuperDividend Emerging Markets ETF$43m0.0%+13.2%0.66%
66BREEMFS Blended Research Emerging Markets Equity ETF$25m0.0%–0.44%
67KEMQKraneShares Public-Private Emerging Markets Internet and Technology ETF$22m0.0%−9.8%0.49%
68EDOGALPS Emerging Sector Dividend Dogs ETF$21m0.0%+7.1%0.60%
69MEMSMatthews Emerging Markets Discovery Active ETF$20m0.0%+2.0%0.89%
70EVLUiShares MSCI Emerging Markets Value Factor ETF$19m0.0%+26.0%0.35%
71RNEMFirst Trust Emerging Markets Equity Select ETF$17m0.0%+4.6%0.75%
72QLVENorthern Trust Emerging Markets Quality Low Volatility ETF$16m0.0%+10.9%0.18%
73FMQQFMQQ The Next Frontier Internet ETF$15m0.0%−22.9%0.86%
74EMIFiShares Emerging Markets Infrastructure ETF$13m0.0%+5.8%0.60%
75BGEGBaillie Gifford Emerging Markets ETF$13m0.0%–0.79%
76MEMAMan Active Emerging Markets Alternative ETF$11m0.0%–0.85%
77EQLTiShares MSCI Emerging Markets Quality Factor ETF$11m0.0%+13.7%0.35%
78EMESHarbor Emerging Markets Select ETF$11m0.0%+8.5%0.65%
79GEMQGoldman Sachs Data Enhanced Emerging Markets Equity ETF$9m0.0%–0.40%
80EPEMHarbor Emerging Markets Equity ETF$8m0.0%+22.0%0.84%
81EMDVProShares MSCI Emerging Markets Dividend Growers ETF$7m0.0%+3.6%0.60%
82VEMVirtus Emerging Markets Dividend ETF$7m0.0%–0.49%
83EMEMSophus Capital Emerging Market ETF$3m0.0%––
84WBEMWilliam Blair Emerging Markets Equity ETF–0.0%–0.65%

Other categories in dollar displacement

Common questions

Which ETFs are emerging markets ETFs?84 US ETFs sit in this category of dollar displacement. Stocks in emerging and frontier markets. Driven by the dollar, which many of these economies borrow and trade in.
What is the largest emerging markets ETF?IEMG, iShares Core MSCI Emerging Markets ETF, with $150.3bn, 35.6% of the category's money.
How have emerging markets ETFs performed?The median unleveraged ETF here returned +12.6% over the last 12 months to Nov 2, 2026, against +11.8% for broad US ETFs. Past performance, not a forecast.