EWXvsEEMSETF Comparison
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State Street SPDR S&P Emerging Markets Small Cap ETF (EWX) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS) belong to the same industry segment: EM Small Cap. EWX's top 3 sector exposures are Technology, Non-Energy Materials and Finance. In contrast, EEMS's top sector exposures are Technology, Finance and Industrials. EWX is less expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.72% for EEMS. EWX is up 8.03% year-to-date (YTD) with -$142M in YTD flows. EEMS performs better with 9.67% YTD performance, and -$64M in YTD flows. Run a side-by-side ETF comparison of EWX and EEMS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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EWX vs EEMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWX EEMS | -1.89%-1.27% | -2.00%+0.50% | +8.03%+9.67% | +7.09%+10.60% | +43.70%+47.24% | +35.15%+34.38% |
| Flows | EWX EEMS | -$438K- | -$30M+$8M | -$142M-$64M | -$109M-$64M | -$345M-$73M | -$153M-$108M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWX EEMS | +16.68%+16.57% | +16.43%+17.68% | +14.53%+14.43% | +13.83%+14.26% |
| Max drawdown | EWX EEMS | -8.02%-6.28% | -13.39%-12.97% | -20.16%-19.38% | -23.95%-27.00% |
| Max drawdown duration | EWX EEMS | 22d18d | 116d158d | 267d250d | 836d842d |
Trading data
EWX | EEMS | |
Last sale 10/19/2026 at 1:30 PM | $69.31 | $73.26 |
| Previous close 10/16/2026 | $69.58 | $73.07 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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EWX | EEMS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
EWX | EEMS | |
|---|---|---|
| Last price | $69.31 | $73.26 |
| 1D performance | -0.40% | +0.25% |
| AuM | $653.84 M | $374.29 M |
| E/R | 0.65% | 0.72% |
Characteristics
EWX | EEMS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | S&P Emerging Markets Under USD2 Billion Index | MSCI Emerging Markets Small Cap Index |
| N° of holdings | 2896 | 1668 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 12, 2008 | August 16, 2011 |
| ESG | No | No |
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Exposure
Countries
EWX
Taiwan
31.51%
India
17.44%
China
14.54%
Other
36.51%
EEMS
Taiwan
26.52%
India
20.96%
Republic of Korea
14.63%
Other
37.89%
Sectors
EWX
Technology
24.03%
Non-Energy Materi.
15.62%
Finance
13.56%
Industrials
12.89%
Other
33.9%
EEMS
Technology
23.33%
Finance
16.85%
Industrials
14.25%
Non-Energy Materi.
13.5%
Healthcare
8.54%
Consumer Non-Cycl.
7.65%
Other
15.88%
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Diversification
EWX
Total weight of top 15 holdings out of 15
6.05%
EEMS
Total weight of top 15 holdings out of 15
6.78%
Top 15 holdings
Data as of August 31, 2026
EWX
LandMark Optoelectronics Corp.
0.79%
Kinsus Interconnect Technology Corp.
0.64%
Macronix International Co., Ltd.
0.60%
WinWay Technology Co., Ltd.
0.46%
Katilimevim Tasarruf Finansman AS
0.44%
Win Semiconductors Corp.
0.44%
ITEQ Corp.
0.34%
Co-Tech Development Corp.
0.31%
ADATA Technology Co., Ltd.
0.31%
AP Memory Technology Corp.
0.30%
Innodisk Corp.
0.30%
Syntec Technology Co. Ltd.
0.29%
Pan African Resources Plc
0.28%
Holy Stone Enterprise Co., Ltd.
0.28%
Chipbond Technology Corp.
0.28%
EEMS
BlackRock Cash Funds - Treasury
0.75%
Taiwan Union Technology Corp.
0.65%
LandMark Optoelectronics Corp.
0.55%
Kinsus Interconnect Technology Corp.
0.51%
Nan Ya Printed Circuit Board Corp
0.50%
Compeq Manufacturing Co., Ltd.
0.48%
Powerchip Semiconductor Manufacturing Corp.
0.44%
Tripod Technology Corp.
0.43%
Macronix International Co., Ltd.
0.40%
Coforge Ltd.
0.39%
United Integrated Services Co., Ltd.
0.36%
Powertech Technology, Inc.
0.35%
eMemory Technology, Inc.
0.34%
WinWay Technology Co., Ltd.
0.32%
Samsung E&A Co., Ltd.
0.31%
Frequently asked questions about EWX and EEMS
How have the EWX and EEMS ETFs performed in 2026?
As of October 16, 2026, EWX is up 8.03% year-to-date (YTD), while EEMS has returned 9.67%. That puts EEMS better performer ahead so far this year.
Which ETF is attracting more investor money: EWX or EEMS?
Year-to-date, the EWX ETF saw -$142M in flows, compared to -$64M for EEMS.
Which ETF is more volatile: EWX or EEMS?
Over the past year, EWX had a volatility of 16.43%, while EEMS experienced 17.68%.
Which ETF is bigger: EWX or EEMS?
As of October 16, 2026, EWX holds $653.84 M in assets under management (AUM), while EEMS manages $374.29 M.
What sectors do the EWX and EEMS ETFs invest in?
EWX leans toward sectors like Technology, Non-Energy Materials and Finance. Meanwhile, EEMS focuses on Technology, Finance and Industrials.
What are the top holdings of the EWX ETF and EEMS ETF?
EWX top holdings include LandMark Optoelectronics Corp., Kinsus Interconnect Technology Corp. and Macronix International Co., Ltd.. EEMS holds in its top three: BlackRock Cash Funds - Treasury, Taiwan Union Technology Corp. and LandMark Optoelectronics Corp..
Which ETF is more diversified: EWX or EEMS?
EWX holds 2911 securities with 6.05% of its assets in the top 15. EEMS has 1682 securities and a top 15 weight of 6.78%.
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Latest news about EWX & EEMS
Examining Opportunities Within the Emerging Market Equities Universe
October 12, 2023
EWX
EEMS
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