iShares MSCI Emerging Markets ETF drawdown: 4.7% below the all-time high
IShares MSCI Emerging Markets ETF is 4.7% below its all-time high, set Jun 22, 2026 (as of market close, Sep 11, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −4.7%
- 95.3% of ATH
- All-time high
- $71.21
- Jun 22, 2026
- Time below the high
- 3 mo
- since Jun 22, 2026
- Worst-ever drawdown
- −63.0%
- Nov 20, 2008
- Longest underwater
- 9.7 yrs
- between all-time highs
- Today's level first reached
- May 8, 2026
- 4 mo ago
- Last time this deep
- Jun 10, 2026
- in a previous episode
% of all-time high since 2008#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| May 19, 2008 | Nov 20, 2008 | −63.0% | 6 mo | Jan 26, 2018 | 9.7 yrs |
| Feb 17, 2021 | Oct 24, 2022 | −41.5% | 1.7 yrs | Jan 15, 2026 | 4.9 yrs |
| Jan 26, 2018 | Mar 23, 2020 | −41.2% | 2.2 yrs | Jan 5, 2021 | 2.9 yrs |
| Jan 2, 2008 | Mar 20, 2008 | −15.4% | 3 mo | May 15, 2008 | 4 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2008: how far iShares MSCI Emerging Markets ETF stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is iShares MSCI Emerging Markets ETF from its all-time high?
- iShares MSCI Emerging Markets ETF is currently 4.7% below its all-time high, set Jun 22, 2026 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest iShares MSCI Emerging Markets ETF drawdown ever?
- The deepest decline on record in our data (since 2008) took iShares MSCI Emerging Markets ETF 63.0% below its prior high, bottoming Nov 20, 2008. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from EEM; no free deep history exists for iShares MSCI Emerging Markets ETF — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.