EMGF vs VEEM: Grades, Fees and Holdings Compared

iShares Emerging Markets Equity Factor ETF

EMGFACboe

VANECK MSCI EM ANALYST SENTIMENT ETF

VEEM—Nasdaq

Overlap

40.3%by weight

Expense ratio

EMGF −0.04pt a year

EMGF0.26%VEEM0.30%

Avg volume · 30D

EMGF 205.6×the volume

EMGF156KVEEM757

EMGF vs VEEM Performance

Sep 30, 2026 – Oct 30, 2026

−8.1%EMGF−9.5%VEEM

Expense ratio: EMGF 0.26%, better; VEEM 0.30%
Fund size: EMGF $1.79B; VEEM $3M
1Y total return: EMGF +14.5%; VEEM No data
Yield (12M): EMGF 2.19%; VEEM No data
Holdings: EMGF 740; VEEM 103
Avg volume (30D): EMGF 156K sh, better; VEEM 757 sh
NAV per share: EMGF $65.41; VEEM $22.19
52W range

ETF.net Grade

—VEEMNot yet graded

Pillar letters and Scores for EMGF, VEEM, with each pillar’s weight
Pillar	EMGF	VEEM
Cost30% weight	A92	Not scored
Mission25% weight	Not scored	Not scored
Risk15% weight	C43	Not scored
Tradability15% weight	A94	Not scored
Holdings10% weight	C48	Not scored
Durability5% weight	A89	Not scored

Rank among Emerging Markets Multifactor funds

How we build Categories ›

Emerging Markets Multifactor⁠

Category · 20 funds

See all 20 ›

EMGF ranks 1st of 20 funds in the Emerging Markets Multifactor Category.

Rank 1AEMGFiShares Emerging Markets Equity Factor ETFScore 76
Rank 2AAVESAvantis Emerging Markets Value ETFScore 71
VEEMNot yet graded

Our read on each fund

ETF.net Research

EMGFAiShares Emerging Markets Equity Factor ETF

VEEM—VANECK MSCI EM ANALYST SENTIMENT ETF

In short

EMGF Emerging markets, sorted by factor screen instead of straight market cap. EMGF holds roughly 700 large- and mid-cap EM stocks picked for style-factor exposure, and charges 0.26% doing it, about half the multifactor EM norm.

VEEM No data

Stated mandate

EMGF EMGF seeks to follow an index of large- and mid-capitalization emerging-market stocks selected for favorable exposure to specified style factors, subject to constraints.

VEEM No data

Why people hold it

EMGF 0.26% a year, versus a 0.48% median across multifactor EM funds. It undercuts AVES, JPEM, ROAM and QEMM on fee.
Roughly 700 large- and mid-cap names, so the factor tilts sit on a broad base rather than a handful of concentrated bets.
Running since 2015 as a billion-dollar-plus iShares fund, with steady enough volume for routine retail orders.
On cost and ease of trading, one of the stronger builds in the multifactor emerging-markets group.

VEEM No data

Worth knowing

EMGF Factor tilts mean the portfolio can drift well away from a plain cap-weighted EM index, in either direction, for long stretches.ishares.com
Emerging-market equity carries currency swings and country-level political risk on top of normal stock risk. Volatility here sits at the rougher end of its peer group.ishares.com
Distributions land annually or semiannually, not monthly, so it is not built as an income drip.

VEEM No data

Full EMGF profile⁠

Full VEEM profile⁠

EMGF vs VEEM Holdings

How EMGF and VEEM differ

Overlap by weight

40.3%

Shared holdings make up 82.1% of VEEM and 41.7% of EMGF.

Level by level

Holdings72 in both40.3%
Countryby domicile84.6%
Asset classEquity100%

Sector

No Sector split for VEEM.

Country, concentration and asset class

Country by domicile

Country weights in EMGF and VEEM, widest gap first
Country	More in EMGFMore in VEEM	EMGF	VEEM
China	EMGF +8.4 points	22.8%	14.4%
Taiwan	VEEM +7.2 points	30.3%	37.5%
South Africa	EMGF +3.7 points	6.1%	2.4%
Brazil	VEEM +2.4 points	3.6%	6.0%
South Korea	VEEM +2.2 points	19.3%	21.5%
United States	VEEM +1.5 points	0.0%	1.5%
India	VEEM +1.5 points	13.7%	15.2%
Thailand	EMGF +1.4 points	1.4%	0.0%
Other countries (3)	EMGF +1.6 points	3.0%	1.4%

Outside the US: EMGF 0% developed, 100% emerging. VEEM 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

EMGF30.5%
VEEM44.6%

Securities held

EMGF718
VEEM100

Asset class

EMGF: Equity
VEEM: Equity

Holdings

Only in EMGF646
In both72
Only in VEEM28

Only in EMGF

646 securities, 57.9% of EMGF by weight

Industrial and Commercial Bank of0.87%
Bank of China Ltd H0.71%
Icici Bank0.64%
Pdd Holdings Ads0.56%
Ctbc Financial Holding0.51%
Petroleo Brasileiro SA Petrobras0.47%
Infosys0.46%
Hdfc Bank0.45%
Netease0.45%
Cia Vale Do Rio Doce Sh0.45%
Tata Consultancy Services Ltd0.44%
Samsung Electro Mechanics Ltd0.43%
Taiwan Cooperative Financial Holdi0.41%
Novatek Microelectronics0.40%
Kb Financial Group0.39%
United Micro Electronics Corp0.36%
Ping An Insurance (Group) Co of Ch0.36%
Bharti Airtel Ltd0.35%
Mahindra and Mahindra Ltd0.34%
Xiaomi0.34%
E.sun Financial Holding0.34%
Hyundai Motor0.32%
Boc Hong Kong Holdings Ltd0.32%
Hana Financial Group0.32%
Unimicron Technology0.32%
Meituan0.31%
Realtek Semiconductor0.31%
Grupo Mexico B0.30%
International Games System Ltd0.30%
Emirates Integrated Telecommunicat0.29%
Larsen and Toubro Ltd0.28%
Emirates Nbd0.28%
Ge Vernova T&D India Ltd0.28%
Aspeed Technology0.27%
Anglogold Ashanti PLC0.27%
First Financial Holding Ltd0.27%
Coca-Cola Femsa Class Ubl Units0.27%
Delta Electronics (Thailand) Non-V0.27%
Indian Railway Finance Corp Ltd0.27%
Mega Financial Holding Ltd0.26%
Asustek Computer Inc0.25%
Lupin0.25%
Chroma Ate0.25%
Ooredoo0.24%
America Movil B0.24%
Fomento Economico Mexicano0.24%
National Bank of Greece0.24%
Naspers Limited Class N0.24%
Kuwait Finance House0.24%
Titan Company Ltd0.24%

Only in VEEM

28 securities, 17.7% of VEEM by weight

Bharti Airtel Ltd1.53%
Titan Co Ltd1.38%
Zomato Ltd1.03%
Hindalco Industries Ltd1.03%
Banco Btg Pactual Sa1.02%
Mahindra & Mahindra Ltd1.02%
Tvs Motor Co Ltd0.91%
Eicher Motors Ltd0.89%
Asian Paints Ltd0.79%
Grasim Industries Ltd0.72%
Saudi Arabian Mining Co0.66%
Bajaj Auto Ltd0.63%
Nestle India Ltd0.62%
Bajaj Finserv Ltd0.57%
Citic Ltd0.55%
Grupo Cibest Sa0.53%
Lenovo Group Ltd0.50%
Banco Santander Chile0.44%
Formosa Plastics Corp0.40%
Yankuang Energy Group Co Ltd0.39%
Laurus Labs Ltd0.35%
Delta Electronics Thailand Pcl0.34%
Torrent Pharmaceuticals Ltd0.29%
Vanguard International Semiconductor Co0.28%
Hero Motocorp Ltd0.27%
Airtac International Group0.21%
Cd Projekt Red Sa0.19%
Pb Fintech Ltd0.16%

Weight gaps

All 72 Holdings in both funds, largest gap first.

Holding weights in EMGF and VEEM, widest gap first
Holding	More in EMGFMore in VEEM	EMGF	VEEM
Taiwan Semiconductor Manufacturing	VEEM +6.37 points	10.33%	16.70%
Petroleo Brasileiro Pref SA	VEEM +2.33 points	0.09%	2.42%
Samsung Electronics Non Voting Pre	VEEM +1.66 points	0.66%	2.32%
Sk Hynix	VEEM +1.66 points	4.43%	6.09%
Al Rajhi Bank	VEEM +1.52 points	0.14%	1.66%
Fubon Financial Holding	VEEM +1.40 points	0.63%	2.03%
Ts Financial Holding	VEEM +1.36 points	0.31%	1.67%
Beone Medicines AG	VEEM +1.22 points	0.20%	1.42%
Saudi Arabian Oil	VEEM +1.14 points	0.34%	1.48%
China Construction Bank Corp H	VEEM +1.09 points	1.21%	2.30%
Capitec Shs	VEEM +1.07 points	0.17%	1.24%
Celltrion	VEEM +0.98 points	0.06%	1.04%
Banco Bradesco Pref	VEEM +0.97 points	0.01%	0.98%
Samsung Electronics Ltd	VEEM +0.90 points	6.16%	7.06%
Tech Mahindra	VEEM +0.78 points	0.05%	0.83%
Innovent Biologics	VEEM +0.76 points	0.16%	0.92%
Cambricon Technologies Corporation	VEEM +0.70 points	0.10%	0.80%
Cathay Financial Holding	VEEM +0.68 points	0.36%	1.04%
China Pacific Insurance (Group) H	VEEM +0.67 points	0.07%	0.74%
Aselsan Elektronik Sanayi Ve Ticar	VEEM +0.66 points	0.04%	0.70%
Wuxi Apptec H	VEEM +0.65 points	0.14%	0.79%
Reliance Industries Ltd	VEEM +0.60 points	0.53%	1.13%
Kgi Financial Holding	VEEM +0.59 points	0.17%	0.76%
Indust Penoles	VEEM +0.58 points	0.10%	0.68%
Yuanta Financial Holding	VEEM +0.58 points	0.47%	1.05%
Shinhan Financial Group	VEEM +0.56 points	0.35%	0.91%
Sociedad Quimica Y Minera De Chile	VEEM +0.54 points	0.03%	0.57%
Samsung Sdi Ltd	VEEM +0.53 points	0.14%	0.67%
Mediatek	EMGF +0.51 points	1.59%	1.08%
Advantech	VEEM +0.47 points	0.13%	0.60%
Sinopac Financial Holdings	VEEM +0.47 points	0.24%	0.71%
Wistron	VEEM +0.42 points	0.09%	0.51%
Nan Ya Plastics Corp	VEEM +0.41 points	0.43%	0.84%
Nu Holdings Class ANU	VEEM +0.40 points	0.35%	0.75%
Phison Electronics Corp	VEEM +0.38 points	0.17%	0.55%
Hon Hai Precision Industry	EMGF +0.36 points	0.80%	0.44%
Global Unichip	VEEM +0.36 points	0.32%	0.68%
Quanta Computer	VEEM +0.34 points	0.23%	0.57%
Alibaba Group Holding	EMGF +0.34 points	1.82%	1.48%
Jd Health International Inc	VEEM +0.33 points	0.08%	0.41%
Geely Automobile Holdings Ltd	VEEM +0.31 points	0.08%	0.39%
Honprecision Inc	VEEM +0.30 points	0.16%	0.46%
Guotai Haitong Securities Co Ltd H	VEEM +0.29 points	0.02%	0.31%
Formosa Chemicals & Fibre Corp	VEEM +0.28 points	0.05%	0.33%
Winbond Electronics	VEEM +0.27 points	0.19%	0.46%
Hanwha Ocean Ltd	VEEM +0.25 points	0.01%	0.26%
New Oriental Education & Technolog	VEEM +0.25 points	0.02%	0.27%
Wiwynn Corporation	VEEM +0.24 points	0.26%	0.50%
Mirae Asset Securities Co Ltd	VEEM +0.24 points	0.09%	0.33%
Asia Vital Components	VEEM +0.23 points	0.32%	0.55%
Hd Hyundai Heavy Industries Ltd	VEEM +0.24 points	0.06%	0.30%
China International Capital H	VEEM +0.23 points	0.09%	0.32%
Nio Class A	VEEM +0.23 points	0.02%	0.25%
Nedbank Group Ltd	VEEM +0.23 points	0.10%	0.33%
B3 Brasil Bolsa Balcao SA	VEEM +0.21 points	0.27%	0.47%
Zhongji Innolight A	VEEM +0.20 points	0.05%	0.25%
Nanya Technology Corp	VEEM +0.19 points	0.24%	0.43%
Citic Securities A	VEEM +0.18 points	0.04%	0.22%
Hanwha Aerospace Ltd	VEEM +0.17 points	0.08%	0.25%
Citic Securities Company H	VEEM +0.16 points	0.13%	0.29%
Yangtze Optical Fibre and Cable Jo	VEEM +0.16 points	0.03%	0.19%
Accton Technology	VEEM +0.15 points	0.32%	0.47%
Hd Hyundai Ltd	VEEM +0.15 points	0.04%	0.19%
Apr Ltd	VEEM +0.14 points	0.08%	0.22%
Sensetime Group Class B Inc	VEEM +0.14 points	0.05%	0.19%
Sk Square	VEEM +0.13 points	0.53%	0.66%
Contemporary Amperex Technology Class	VEEM +0.11 points	0.14%	0.25%
Tencent Holdings	EMGF +0.11 points	2.51%	2.40%
Delta Electronics	EMGF +0.07 points	0.73%	0.66%
Elite Material	VEEM +0.05 points	0.40%	0.45%
Ase Technology Holding	EMGF +0.04 points	0.67%	0.63%
Huatai Securities H	VEEM +0.02 points	0.18%	0.20%

All 715 EMGF holdings⁠All VEEM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EMGF vs VEEM Cost

Overpaying VEEM vs EMGF

$791

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EMGF 0.26%
$5,358
VEEM 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

EMGF 0.26%
VEEM 0.30%
Overpaying

Year by year

Year	EMGF	VEEM	Overpaying
10	$473	$545	$72
20	$1,838	$2,113	$275
30	$5,358	$6,149	$791

Expense ratio

0.26%EMGF, cheaper
0.30%VEEM

EMGF0.26%VEEM0.30%

0.18%0.80%

Middle half of Emerging Markets Multifactor funds
Median 0.44%

EMGF 3rd cheapest of 20 funds

VEEM 4th cheapest of 20 funds

EMGF vs VEEM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EMGF 2.19%; VEEM No data
Payout (12M): EMGF $1.44; VEEM None
Last payment: EMGF $0.61; VEEM No data
Ex-dividend: EMGF Jun 15, 2026; VEEM No data
Paid on: EMGF Jun 18, 2026; VEEM No data
Frequency: EMGF Twice a year; VEEM No data

Distribution history

Per share, 2017 to 2026, same scale for both

EMGFTwice a year · 21 paymentsAll EMGF payments⁠

VEEMAll VEEM payments⁠

No distribution history available.

EMGF vs VEEM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EMGF 16.3%VEEM No data
Return per unit of riskSharpe ratio, 3 years: EMGF 1.09VEEM No data
Worst fallMax drawdown, 5 years: EMGF −27.1%VEEM No data
Market sensitivityBeta, 5 years: EMGF 1.02VEEM 0.00; Market = 1

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