EMXF vs LDEM: Grades, Fees and Holdings Compared

iShares ESG Advanced MSCI EM ETF

EMXFANasdaq

iShares ESG MSCI EM Leaders ETF

LDEMANasdaq

Overlap

65.3%by weight

Expense ratio

EMXF0.16%LDEM0.16%

Avg volume · 30D

EMXF 5.6×the volume

EMXF8.51KLDEM1.52K

5Y return · a year

EMXF +5.1pt

EMXF+6.5%LDEM+1.4%

EMXF vs LDEM Performance

Oct 29, 2021 – Oct 30, 2026

+36.8%EMXF+7.0%LDEM

Expense ratio: EMXF 0.16%; LDEM 0.16%
Fund size: EMXF $157M; LDEM $31M
1Y total return: EMXF +15.8%, better; LDEM −2.9%
Yield (12M): EMXF 2.91%; LDEM 3.14%, better
Holdings: EMXF 586; LDEM 447
Avg volume (30D): EMXF 8.51K sh, better; LDEM 1.52K sh
NAV per share: EMXF $52.30; LDEM $56.26
52W range

ETF.net Grade

Pillar letters and Scores for EMXF, LDEM, with each pillar’s weight
Pillar	EMXF	LDEM
Cost30% weight	A84	A84
Mission25% weight	A100Higher	A93
Risk15% weight	A70Higher	B57
Tradability15% weight	B57Higher	C44
Holdings10% weight	A78Higher	A71
Durability5% weight	C49Higher	D36

Rank among Emerging Markets ESG & Values Index funds

How we build Categories ›

Same Category. EMXF and LDEM are both graded against the same 12 Emerging Markets ESG & Values Index funds, so their Grades compare head to head.

Emerging Markets ESG & Values Index⁠

Category · 12 funds

See all 12 ›

EMXF ranks 1st and LDEM 4th of 12 funds in the Emerging Markets ESG & Values Index Category.

Rank 1AEMXFiShares ESG Advanced MSCI EM ETFScore 79
Rank 2AESGEiShares ESG Aware MSCI EM ETFScore 76
Rank 3AEMCSXtrackers MSCI Emerging Markets Climate Selection ETFScore 74
Rank 4ALDEMiShares ESG MSCI EM Leaders ETFScore 72
Rank 5AEMCRXtrackers Emerging Markets Carbon Reduction and Climate Improvers ETFScore 71

Our read on each fund

ETF.net Research

EMXFAiShares ESG Advanced MSCI EM ETF

LDEMAiShares ESG MSCI EM Leaders ETF

In short

EMXF The strict end of ESG in emerging markets. EMXF follows an index that demands stronger ESG ratings, screens out a long list of controversial businesses, and caps any single issuer at 5% so no one giant runs the show.

LDEM The budget door into strict ESG in emerging markets. LDEM tracks an MSCI index that keeps the best ESG scorers within each sector, and charges 0.16% to do it, well under the going rate in its peer group.

Stated mandate

EMXF The fund is designed to follow an emerging-market equity index that emphasizes stronger ESG ratings and applies extensive screens to controversial business activities.

LDEM The fund seeks to track an index of emerging-market companies with high environmental, social, and governance characteristics relative to their sector peers.

Why people hold it

EMXF The "Advanced" label means deep screening: an index built on stronger ESG ratings plus extensive exclusions for controversial business activities, not one or two token cuts.ishares.com
The index caps each issuer at 5%, which matters in emerging markets, where plain cap-weighted portfolios lean hard on a few chip and tech behemoths.ishares.com
0.16% a year is modest for a heavily screened fund, and it sits below the typical expense ratio in its emerging-markets peer group.
Roughly 600 large and mid caps across emerging markets: the screens trim the field without collapsing it into a concentrated handful of names.

LDEM At 0.16%, it undercuts the typical fee in its ESG emerging-markets peer group by a wide margin, so less of a volatile asset class's return goes to the manager.
Best-in-class logic: companies are judged against sector peers instead of whole industries getting banned, so the sector mix stays closer to a plain EM fund.ishares.com
The index caps any single issuer at 5%, a real check in emerging markets, where a handful of giants can crowd out everything else.ishares.com
No cleverness beyond the screen: a straight index build of roughly 400 names, and one of the tighter mandate fits in its ESG emerging-markets group.

Worth knowing

EMXF Unscreened emerging-markets trackers such as VWO and SCHE run at a fraction of this expense ratio. The screening is what you are paying for.
A smaller, thinly traded fund. Spreads can widen, so the price on screen and the price you get are not always the same thing.
Cutting whole slices of the emerging-markets universe means this portfolio can look and behave quite differently from a standard EM index, in either direction.

LDEM Small asset base and thin trading volume, so spreads can run wider than on the household-name emerging-markets funds.
Distributions land once or twice a year rather than quarterly, so income arrives in lumps.
Sibling ESGE runs the looser ESG Aware screen at 0.25%. LDEM costs less and screens harder, which means a narrower, more exclusionary lineup.

Full EMXF profile⁠

Full LDEM profile⁠

EMXF vs LDEM Holdings

How EMXF and LDEM differ

Overlap by weight

65.3%

Shared holdings make up 75.4% of LDEM and 65.3% of EMXF.

Level by level

Holdings306 in both65.3%
Sector11 Sectors78.2%
Countryby domicile88.8%
Asset classEquity100%

Sector

Sector weights in EMXF and LDEM, widest gap first
Sector	More in EMXFMore in LDEM	EMXF	LDEM
Technology	EMXF +10.8 points	29.1%	18.3%
Financials	EMXF +10.7 points	38.4%	27.7%
Consumer Discretionary	LDEM +7.0 points	6.0%	13.0%
Materials	LDEM +4.8 points	2.4%	7.2%
Energy	LDEM +4.4 points	0.0%	4.4%
Utilities	LDEM +2.2 points	0.6%	2.8%
Industrials	LDEM +2.1 points	5.8%	7.9%
Consumer Staples	LDEM +0.7 points	3.0%	3.7%
Communication	LDEM +0.6 points	9.0%	9.6%
Health Care	EMXF +0.2 points	4.1%	3.9%
Real Estate	EMXF +0.2 points	1.6%	1.4%

Country, concentration and asset class

Country by domicile

Country weights in EMXF and LDEM, widest gap first
Country	More in EMXFMore in LDEM	EMXF	LDEM
Taiwan	EMXF +9.8 points	27.3%	17.5%
China	LDEM +5.7 points	26.5%	32.2%
South Korea	LDEM +1.7 points	14.5%	16.2%
Greece	LDEM +1.3 points	0.0%	1.3%
Mexico	LDEM +0.8 points	2.2%	3.0%
Saudi Arabia	LDEM +0.8 points	9.9%	10.7%
India	EMXF +0.7 points	11.1%	10.4%
Poland	LDEM +0.5 points	1.7%	2.2%
Other countries (3)	EMXF +0.4 points	6.8%	6.4%

Outside the US: EMXF 0% developed, 100% emerging. LDEM 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

EMXF27.1%
LDEM29.3%

Securities held

EMXF563
LDEM426

Asset class

EMXF: Equity
LDEM: Equity

Holdings

Only in EMXF257
In both306
Only in LDEM120

Only in EMXF

257 securities, 34.8% of EMXF by weight

Mediatek3.26%
Hdfc Bank1.57%
Ase Technology Holding1.28%
Xiaomi1.08%
Bank of China Ltd H0.99%
Al Rajhi Bank0.88%
Nu Holdings Class A0.79%
Fubon Financial Holding0.78%
The Saudi National Bank0.53%
Otp Bank0.52%
Accton Technology0.47%
Bajaj Finance Ltd0.46%
Yageo0.45%
National Bank of Kuwait0.45%
China Life Insurance Ltd H0.43%
Celltrion0.41%
Chroma Ate0.37%
King Slide Works0.37%
Emirates Telecommunications Group0.37%
Mega Financial Holding Ltd0.36%
State Bank of India0.35%
Delta Electronics (Thailand) Non-V0.35%
Wistron0.35%
Aspeed Technology0.34%
Nanya Technology Corp0.33%
Asustek Computer Inc0.33%
Kgi Financial Holding0.33%
Saudi Arabian Mining0.33%
Wiwynn Corporation0.31%
Samsung Life Ltd0.30%
Emirates Nbd0.28%
Hua Nan Financial Holdings0.27%
Mpi Corp0.27%
Samsung Fire & Marine Insurance Lt0.27%
Bank Central Asia0.26%
Itausa Investimentos Itau Pref SA0.25%
Shriram Finance Ltd0.23%
Bank Pekao SA0.22%
Realtek Semiconductor0.22%
Zhen Ding Technology Holding Ltd0.21%
Gold Circuit Electronics0.20%
Pzu SA0.19%
Tech Mahindra0.19%
Riyad Bank0.19%
Novatek Microelectronics0.19%
Taiwan Cooperative Financial Holdi0.19%
Kuaishou Technology0.18%
Innolux Corp0.18%
Bank Rakyat Indonesia (Persero)0.18%
Qatar Islamic Bank0.17%

Only in LDEM

120 securities, 24.6% of LDEM by weight

Alibaba Group Holding4.16%
Reliance Industries Ltd1.60%
Nan Ya Plastics Corp0.96%
Saudi Arabian Oil0.95%
Infosys0.86%
Byd H0.73%
Gold Fields0.68%
Firstrand Ltd0.62%
Powszechna Kasa Oszczednosci Bank0.58%
Standard Bank Group0.53%
Orlen0.49%
Fomento Economico Mexicano0.47%
Mtn Group0.47%
Lenovo Group0.45%
Samsung C&T Corp0.43%
Naver0.41%
Yum China Holdings Inc0.34%
China Petroleum and Chemical H0.32%
Sk Inc0.31%
Hindalco Industries Ltd0.28%
Ultratech Cement Ltd0.27%
Lg Electronics Inc0.27%
Geely Automobile Holdings Ltd0.26%
Saudi Basic Industries0.25%
Absa Group0.25%
Companhia De Saneamento Basico De0.25%
Petro Rio0.25%
Sasol0.23%
Acwa Power Co0.21%
Impala Platinum0.20%
H World Group Adr0.20%
Grasim Industries0.19%
China Hongqiao Group Ltd0.19%
Lg Chem Ltd0.19%
Indust Penoles0.17%
Nedbank Group Ltd0.17%
Sabic Agri-Nutrients0.16%
Public Power Corporation SA0.16%
Citic Ltd0.16%
Gulf Development Non-Voting Dr Pcl0.15%
Kakao0.15%
Turkiye Petrol Rafinerileri A0.15%
Sk Innovation Ltd0.14%
China Molybdenum H0.14%
Mol Hungarian Oil and Gas0.13%
Haier Smart Home Class H Ltd H0.13%
Siam Cement Non-Voting Dr Pcl0.12%
Britannia Industries Ltd0.12%
Fibra Uno Administracion Reit0.12%
Cia Paranaense De Energia Copel0.12%

Weight gaps

The 100 widest of 306 Holdings in both funds.

Holding weights in EMXF and LDEM, widest gap first
Holding	More in EMXFMore in LDEM	EMXF	LDEM
China Construction Bank Corp H	LDEM +0.42 points	2.08%	2.50%
Delta Electronics	LDEM +0.33 points	1.50%	1.83%
Industrial and Commercial Bank of	LDEM +0.24 points	1.24%	1.48%
Sk Square	LDEM +0.24 points	1.17%	1.41%
Samsung Electro Mechanics Ltd	LDEM +0.18 points	0.95%	1.13%
Meituan	LDEM +0.17 points	0.87%	1.04%
Ping An Insurance (Group) Co of Ch	LDEM +0.15 points	0.74%	0.89%
United Micro Electronics Corp	LDEM +0.15 points	0.73%	0.88%
Ctbc Financial Holding	LDEM +0.15 points	0.73%	0.88%
Kb Financial Group	LDEM +0.15 points	0.74%	0.89%
Itau Unibanco Holding Pref SA	LDEM +0.14 points	0.73%	0.87%
Netease	LDEM +0.15 points	0.75%	0.90%
Cathay Financial Holding	LDEM +0.12 points	0.64%	0.76%
Taiwan Semiconductor Manufacturing	LDEM +0.12 points	5.24%	5.36%
Jd.com Class A	LDEM +0.11 points	0.55%	0.66%
Naspers Limited Class N	LDEM +0.11 points	0.57%	0.68%
Axis Bank	LDEM +0.10 points	0.56%	0.66%
Shinhan Financial Group	LDEM +0.10 points	0.53%	0.63%
Ts Financial Holding	LDEM +0.11 points	0.55%	0.66%
Kotak Mahindra Bank Ltd	LDEM +0.11 points	0.50%	0.61%
Gpo Finance Banorte	LDEM +0.10 points	0.50%	0.60%
Credicorp LtdBAP	LDEM +0.10 points	0.44%	0.54%
Samsung Sdi Ltd	LDEM +0.09 points	0.47%	0.56%
Mahindra and Mahindra Ltd	LDEM +0.09 points	0.49%	0.58%
Kuwait Finance House	LDEM +0.09 points	0.52%	0.61%
Capitec Shs	LDEM +0.09 points	0.45%	0.54%
China Merchants Bank H	LDEM +0.09 points	0.50%	0.59%
Agricultural Bank of China H	LDEM +0.09 points	0.45%	0.54%
Hana Financial Group	LDEM +0.09 points	0.46%	0.55%
First Abu Dhabi Bank	LDEM +0.08 points	0.42%	0.50%
E.sun Financial Holding	LDEM +0.08 points	0.43%	0.51%
Yuanta Financial Holding	LDEM +0.08 points	0.46%	0.54%
Beone Medicines AG	LDEM +0.08 points	0.43%	0.51%
Saudi Telecom	LDEM +0.08 points	0.42%	0.50%
Trip.com Group	LDEM +0.08 points	0.44%	0.52%
Baidu	LDEM +0.08 points	0.38%	0.46%
Wuxi Biologics Cayman	LDEM +0.07 points	0.38%	0.45%
Qatar National Bank	LDEM +0.08 points	0.37%	0.45%
Chunghwa Telecom Ltd	LDEM +0.08 points	0.35%	0.42%
Doosan Enerbility Ltd	LDEM +0.07 points	0.35%	0.42%
Valterra Platinum Ltd	LDEM +0.07 points	0.32%	0.39%
Sinopac Financial Holdings	LDEM +0.06 points	0.33%	0.39%
Emaar Properties	LDEM +0.07 points	0.36%	0.43%
Pharmaessentia	LDEM +0.07 points	0.22%	0.29%
America Movil B	LDEM +0.06 points	0.35%	0.41%
Eternal	LDEM +0.07 points	0.32%	0.39%
Cemex Cpo	LDEM +0.07 points	0.30%	0.37%
Picc Property and Casualty Ltd H	LDEM +0.06 points	0.27%	0.33%
Woori Financial Group Inc	LDEM +0.06 points	0.28%	0.34%
Public Bank	LDEM +0.06 points	0.32%	0.38%
Lite On Technology	LDEM +0.06 points	0.27%	0.33%
First Financial Holding Ltd	LDEM +0.06 points	0.29%	0.35%
Allegro SA	LDEM +0.05 points	0.27%	0.32%
Abu Dhabi Commercial Bank	LDEM +0.05 points	0.26%	0.31%
Banco Bradesco Pref	LDEM +0.06 points	0.27%	0.33%
National Bank of Greece	LDEM +0.06 points	0.27%	0.33%
Lg Energy Solution Ltd	LDEM +0.05 points	0.23%	0.29%
Hcl Technologies Ltd	LDEM +0.05 points	0.25%	0.30%
Hindustan Unilever Ltd	LDEM +0.05 points	0.26%	0.31%
Walmart De Mexico V	LDEM +0.05 points	0.23%	0.28%
Innovent Biologics	LDEM +0.05 points	0.28%	0.33%
Cimb Group Holdings	LDEM +0.05 points	0.25%	0.30%
Eurobank SA	LDEM +0.05 points	0.23%	0.28%
Contemporary Amperex Technology A	LDEM +0.05 points	0.17%	0.22%
Sk Hynix	LDEM +0.04 points	5.23%	5.27%
Uni-President Enterprises	LDEM +0.05 points	0.22%	0.27%
Malayan Banking	LDEM +0.05 points	0.22%	0.27%
Ke Holdings	LDEM +0.05 points	0.22%	0.27%
Piraeus Bank	LDEM +0.04 points	0.22%	0.26%
Power Grid Corporation of India	LDEM +0.04 points	0.22%	0.26%
China Resources Land	LDEM +0.04 points	0.21%	0.25%
B3 Brasil Bolsa Balcao SA	LDEM +0.04 points	0.24%	0.28%
Eicher Motors Ltd	LDEM +0.04 points	0.20%	0.24%
Evergreen Marine Corp (Taiwan) Ltd	LDEM +0.04 points	0.17%	0.21%
Wuxi Apptec H	LDEM +0.04 points	0.17%	0.21%
Tvs Motor Company	LDEM +0.04 points	0.20%	0.24%
Pop Mart International Group	LDEM +0.04 points	0.16%	0.20%
Nongfu Spring Ltd H	LDEM +0.04 points	0.18%	0.22%
Grupo Cibest Pref SA	LDEM +0.03 points	0.20%	0.23%
Grupo Aeroportuario Del Pacifico	LDEM +0.04 points	0.16%	0.20%
Interglobe Aviation Ltd	LDEM +0.04 points	0.18%	0.22%
Bid Corporation	LDEM +0.04 points	0.18%	0.22%
China Steel Corp	LDEM +0.03 points	0.13%	0.16%
Tencent Holdings	LDEM +0.03 points	4.53%	4.56%
China Mengniu Dairy Ltd	LDEM +0.03 points	0.14%	0.17%
Asian Paints	LDEM +0.03 points	0.18%	0.21%
Shoprite Holdings Ltd	LDEM +0.04 points	0.18%	0.22%
Advanced Info Service Non-Voting D	LDEM +0.04 points	0.18%	0.22%
Cspc Pharmaceutical Group	LDEM +0.03 points	0.15%	0.18%
Discovery	LDEM +0.03 points	0.17%	0.20%
Ls Electric Ltd	LDEM +0.03 points	0.16%	0.19%
Taiwan Mobile	LDEM +0.03 points	0.13%	0.16%
Sanlam Limited Ltd	LDEM +0.03 points	0.17%	0.20%
Alinma Bank	LDEM +0.03 points	0.16%	0.19%
China Merchants Bank A	LDEM +0.03 points	0.16%	0.19%
Hd Hyundai Electric	LDEM +0.03 points	0.14%	0.17%
China Pacific Insurance (Group) H	LDEM +0.03 points	0.17%	0.20%
Trent Ltd	LDEM +0.03 points	0.16%	0.19%
China Citic Bank Corp Ltd H	LDEM +0.03 points	0.16%	0.19%
Grupo Cibest SA	LDEM +0.02 points	0.12%	0.14%

All 561 EMXF holdings⁠All 425 LDEM 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.

EMXF vs LDEM Cost

Same expense ratio

$3,342

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

EMXF 0.16%
$3,342
LDEM 0.16%
$3,342

Amount$10,000

Years30 years

Cost over time

EMXF 0.16%
LDEM 0.16%

Year by year

Year	EMXF	LDEM
10	$292	$292
20	$1,141	$1,141
30	$3,342	$3,342

Expense ratio

0.16%EMXF
0.16%LDEM

EMXF0.16%LDEM0.16%

0.15%1.25%

Middle half of Emerging Markets ESG & Values Index funds
Median 0.33%

EMXF 3rd cheapest of 12 funds

LDEM 3rd cheapest of 12 funds

EMXF vs LDEM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EMXF 2.91%; LDEM 3.14%, better
Payout (12M): EMXF $1.53; LDEM $1.77
Last payment: EMXF $0.47; LDEM $0.50
Ex-dividend: EMXF Jun 15, 2026; LDEM Jun 15, 2026
Paid on: EMXF Jun 18, 2026; LDEM Jun 18, 2026
Frequency: EMXF Twice a year; LDEM Twice a year

Distribution history

Per share, 2020 to 2026, same scale for both

EMXFTwice a year · 13 paymentsAll EMXF payments⁠

LDEMTwice a year · 13 paymentsAll LDEM payments⁠

EMXF vs LDEM Risk

Fall from peak · 5 years

EMXF
LDEM

Risk facts

VolatilityStd dev, 3 years: EMXF 14.6%LDEM 13.0%, better
Return per unit of riskSharpe ratio, 3 years: EMXF 1.04, betterLDEM 0.78
Worst fallMax drawdown, 5 years: EMXF −30.6%, betterLDEM −36.5%
Market sensitivityBeta, 5 years: EMXF 0.94LDEM 0.82; Market = 1

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