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RFEMvsIEMGETF Comparison

ETF 1
RFEM

First Trust RiverFront Dynamic Emerging Markets ETF

This fund is part of
Uncategorized Equities
-1.19%
VS
ETF 2
IEMG

iShares Core MSCI Emerging Markets ETF

This fund is part of
EM Blended Cap
-0.13%

First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) belongs to the Uncategorized Equities segment. iShares Core MSCI Emerging Markets ETF (IEMG) is part of the EM Blended Cap segment. RFEM's top 3 sector exposures are Technology, Finance and Industrials. In contrast, IEMG's top sector exposures are Technology, Finance and Non-Energy Materials. RFEM is more expensive with a Total Expense Ratio (TER) of 0.99%, versus 0.09% for IEMG. RFEM is up 26.49% year-to-date (YTD) with +$17M in YTD flows. IEMG performs worse with 22.56% YTD performance, and +$13.23B in YTD flows. Run a side-by-side ETF comparison of RFEM and IEMG 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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RFEM vs IEMG performance and flow charts

Performance

0.02.04.06.08.0%Jul 31Aug 7Aug 14Aug 21Aug 28

Cumulative Flows

0 B0.5 B1 B1.5 BJul 31Aug 7Aug 14Aug 21Aug 28

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 08/31/2026
1M3MYTD1Y3Y5Y
Perf.
RFEM
IEMG
+6.47%+4.93%
+3.63%-3.49%
+26.49%+22.56%
+38.84%+35.39%
+97.86%+81.87%
+68.03%+47.42%
Flows
RFEM
IEMG
-+$1.48B
-+$2.08B
+$17M+$13.23B
+$21M+$23.00B
+$22M+$33.69B
+$16M+$43.91B
Volatility and drawdown
3M1Y3Y5Y
Volatility
RFEM
IEMG
+19.29%+30.55%
+16.36%+22.45%
+14.82%+17.32%
+15.98%+17.34%
Max drawdown
RFEM
IEMG
-7.12%-14.04%
-11.02%-14.04%
-14.01%-16.06%
-32.16%-33.35%
Max drawdown duration
RFEM
IEMG
48d70d
50d70d
222d223d
976d1368d
Trading data

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RFEM
IEMG
Last sale
9/1/2026 at 1:30 PM
$99.00
$81.43
Previous close
09/01/2026
$98.42
$81.73
Consolidated volume
09/01/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of August 31, 2026
1-year trailing difference

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RFEM
is actively managed and doesn’t replicate an index

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RFEM
IEMG
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
RFEM
IEMG
Last price
$99.00
$81.43
1D performance
+0.58%
-0.37%
AuM$83.75 M$160.90 B
E/R0.99%0.09%
Characteristics
RFEM
IEMG
Management strategyActivePassive
ProviderFirst TrustiShares
Benchmark-MSCI Emerging Markets IMI Index
N° of holdings32852742
Asset class-Equities
Trailing 12m distribution yield
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Inception dateJune 14, 2016October 18, 2012
ESGNoNo
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Exposure

Countries

RFEM
Taiwan
32.46%
India
14.01%
China
13.08%
Other
40.45%
IEMG
Taiwan
25.65%
China
18.76%
Republic of Korea
17.07%
India
13.54%
Other
24.98%

Sectors

RFEM
Technology
39.69%
Finance
19.35%
Industrials
8.37%
Other
32.59%
IEMG
Technology
39.11%
Finance
22.18%
Non-Energy Materi.
7.56%
Other
31.15%
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Diversification

RFEM

Total weight of top 15 holdings out of 15

47.18%
IEMG

Total weight of top 15 holdings out of 15

34.06%

Top 15 holdings

Data as of July 31, 2026
RFEM
Taiwan Semiconductor Manufacturing Co., Ltd.
10.15%
MediaTek, Inc.
6.04%
Unimicron Technology Corp.
4.35%
Tencent Holdings Ltd.
3.61%
Kia Corp.
2.51%
Alibaba Group Holding Ltd.
2.36%
International Container Terminal Services, Inc.
2.33%
Global Unichip Corp.
2.24%
Industrial & Commercial Bank of China Ltd.
2.23%
Jentech Precision Industrial Co. Ltd.
2.21%
Kasikornbank Public Co. Ltd.
1.94%
Kasikornbank Public Co. Ltd.
1.91%
Lenovo Group Ltd.
1.90%
HDFC Bank Ltd.
1.78%
Turkiye Petrol Rafinerileri AS
1.60%
IEMG
Taiwan Semiconductor Manufacturing Co., Ltd.
13.10%
Samsung Electronics Co., Ltd.
5.27%
SK hynix, Inc.
3.98%
Tencent Holdings Ltd.
2.90%
Alibaba Group Holding Ltd.
1.87%
MediaTek, Inc.
1.13%
China Construction Bank Corp.
0.79%
Delta Electronics, Inc.
0.72%
HDFC Bank Ltd.
0.69%
Hon Hai Precision Industry Co., Ltd.
0.68%
Samsung Electronics Co., Ltd.
0.66%
Reliance Industries Ltd.
0.64%
ICICI Bank Ltd.
0.62%
Xiaomi Corp.
0.53%
Industrial & Commercial Bank of China Ltd.
0.50%
Frequently asked questions about RFEM and IEMG

How have the RFEM and IEMG ETFs performed in 2026?

As of August 31, 2026, RFEM is up 26.49% year-to-date (YTD), while IEMG has returned 22.56%. That puts RFEM better performer ahead so far this year.

Which ETF is attracting more investor money: RFEM or IEMG?

Year-to-date, the RFEM ETF saw +$17M in flows, compared to +$13.23B for IEMG.

Which ETF is more volatile: RFEM or IEMG?

Over the past year, RFEM had a volatility of 16.36%, while IEMG experienced 22.45%.

Which ETF is bigger: RFEM or IEMG?

As of August 31, 2026, RFEM holds $83.75 M in assets under management (AUM), while IEMG manages $160.90 B.

What sectors do the RFEM and IEMG ETFs invest in?

RFEM leans toward sectors like Technology, Finance and Industrials. Meanwhile, IEMG focuses on Technology, Finance and Non-Energy Materials.

What are the top holdings of the RFEM ETF and IEMG ETF?

RFEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., MediaTek, Inc. and Unimicron Technology Corp.. IEMG holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..

Which ETF is more diversified: RFEM or IEMG?

RFEM holds 3401 securities with 47.18% of its assets in the top 15. IEMG has 2813 securities and a top 15 weight of 34.06%.

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