EZAvsEEMETF Comparison
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iShares MSCI South Africa ETF (EZA) and iShares MSCI Emerging Markets ETF (EEM) belong to the same industry segment: EM Large & Mid Cap. EZA's top 3 sector exposures are Non-Energy Materials, Finance and Consumer Non-Cyclicals. In contrast, EEM's top sector exposures are Technology, Finance and Non-Energy Materials. EZA is less expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.72% for EEM. EZA is down -4.29% year-to-date (YTD) with -$46M in YTD flows. EEM performs better with 15.37% YTD performance, and +$4.85B in YTD flows. Run a side-by-side ETF comparison of EZA and EEM 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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EZA vs EEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EZA EEM | -1.20%-6.77% | +2.72%+3.43% | -4.29%+15.37% | +6.99%+14.45% | +103.45%+82.40% | +73.05%+38.86% |
| Flows | EZA EEM | -$26M-$91M | -$94M+$918M | -$46M+$4.85B | -$6M+$5.13B | +$7M+$2.66B | +$78M-$2.34B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EZA EEM | +26.91%+21.23% | +32.87%+24.15% | +27.21%+18.45% | +27.63%+18.28% |
| Max drawdown | EZA EEM | -13.92%-10.94% | -24.19%-14.32% | -24.19%-15.99% | -34.20%-33.19% |
| Max drawdown duration | EZA EEM | 67d37d | 242d129d | 242d218d | 1126d1301d |
Trading data
EZA | EEM | |
Last sale 10/30/2026 at 1:30 PM | $61.78 | $61.04 |
| Previous close 10/29/2026 | $64.09 | $62.72 |
| Consolidated volume 10/29/2026 | ||
| 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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EZA | EEM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
EZA | EEM | |
|---|---|---|
| Last price | $61.78 | $61.04 |
| 1D performance | -3.60% | -2.68% |
| AuM | $455.66 M | $29.11 B |
| E/R | 0.59% | 0.72% |
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Exposure
Countries
EZA
South Africa
83.84%
USA
12.76%
Other
3.4%
EEM
Taiwan
28.84%
Republic of Korea
21.32%
China
17.71%
India
10.61%
Other
21.53%
Sectors
EZA
Non-Energy Materi.
38.98%
Finance
36.1%
Consumer Non-Cycl.
12.54%
Other
12.38%
EEM
Technology
46.62%
Finance
21.05%
Other
32.33%
Diversification
EZA
Total weight of top 15 holdings out of 15
77.69%
EEM
Total weight of top 15 holdings out of 15
41.97%
Top 15 holdings
Data as of September 30, 2026
EZA
Anglogold Ashanti Plc
12.72%
Gold Fields Ltd.
8.65%
Naspers Ltd.
8.44%
FirstRand Ltd.
7.42%
Standard Bank Group Ltd.
6.20%
MTN Group Ltd.
4.47%
Capitec Bank Holdings Ltd.
4.46%
Valterra Platinum Ltd.
4.31%
Absa Group Ltd.
3.41%
Impala Platinum Holdings Ltd.
3.29%
Harmony Gold Mining Co. Ltd.
3.11%
Shoprite Holdings Ltd.
2.93%
Bid Corp. Ltd.
2.82%
Discovery Ltd.
2.77%
Sanlam Ltd.
2.69%
EEM
Taiwan Semiconductor Manufacturing Co., Ltd.
15.57%
Samsung Electronics Co., Ltd.
7.53%
SK hynix, Inc.
5.88%
Tencent Holdings Ltd.
2.73%
Alibaba Group Holding Ltd.
1.85%
MediaTek, Inc.
1.81%
Samsung Electronics Co., Ltd.
0.94%
Delta Electronics, Inc.
0.94%
China Construction Bank Corp.
0.85%
Hon Hai Precision Industry Co., Ltd.
0.79%
HDFC Bank Ltd.
0.69%
SK Square Co. Ltd.
0.63%
ASE Technology Holding Co., Ltd.
0.60%
ICICI Bank Ltd.
0.59%
Reliance Industries Ltd.
0.58%
Frequently asked questions about EZA and EEM
How have the EZA and EEM ETFs performed in 2026?
As of October 29, 2026, EZA is down -4.29% year-to-date (YTD), while EEM has returned 15.37%. That puts EEM better performer ahead so far this year.
Which ETF is attracting more investor money: EZA or EEM?
Year-to-date, the EZA ETF saw -$46M in flows, compared to +$4.85B for EEM.
Which ETF is more volatile: EZA or EEM?
Over the past year, EZA had a volatility of 32.87%, while EEM experienced 24.15%.
Which ETF is bigger: EZA or EEM?
As of October 29, 2026, EZA holds $455.66 M in assets under management (AUM), while EEM manages $29.11 B.
What sectors do the EZA and EEM ETFs invest in?
EZA leans toward sectors like Non-Energy Materials, Finance and Consumer Non-Cyclicals. Meanwhile, EEM focuses on Technology and Finance.
What are the top holdings of the EZA ETF and EEM ETF?
EZA top holdings include Anglogold Ashanti Plc, Gold Fields Ltd. and Naspers Ltd.. EEM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: EZA or EEM?
EZA holds 28 securities with 77.69% of its assets in the top 15. EEM has 1169 securities and a top 15 weight of 41.97%.
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