MSCI Emerging Markets index: historical returns since 1997 (in Euros)

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From 01-01-1997 to 16-07-2026 · Index data, in EUR

Backtest results
Summary
Performance
Annual returns
Drawdowns
Rolling returns
Risk metrics

In the last 30 years, the MSCI Emerging Markets (in EUR) had a compound annual growth rate of 5,82%, a standard deviation of 18,80%, a Sharpe ratio of 0,20, and a maximum drawdown of -60,79%. €10.000 invested in 1997 would be worth about €33.033 today.

Annual rate of return 5,82%
Standard deviation 18,80%
Sharpe ratio 0,20
Max. drawdown -60,79%

ETFs tracking the MSCI Emerging Markets

Name Ticker Exchange ISIN Backtest
Amundi Core MSCI Emerging Markets Swap UCITS ETF Acc LEMA LSE LU2573967036 View backtest →
Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist E127 LSE LU2573966905 View backtest →
Amundi Core MSCI Emerging Markets UCITS ETF Acc AEME PA LU1437017350 View backtest →
Amundi Core MSCI Emerging Markets UCITS ETF EUR Dist AEMD F LU1737652583 View backtest →
Amundi Core MSCI Emerging Markets UCITS ETF USD Dist AEMU LSE LU2277591868 View backtest →
Amundi MSCI Emerging Markets Swap II UCITS ETF EUR Acc LYM7 XETRA FR0010429068 View backtest →
Amundi MSCI Emerging Markets Swap II UCITS ETF USD Acc LEMD LSE FR0010435297 View backtest →
Amundi MSCI Emerging Markets Swap UCITS ETF EUR Acc AMEM F LU1681045370 View backtest →
Amundi MSCI Emerging Markets Swap UCITS ETF USD Acc AUEM SW LU1681045453 View backtest →
HSBC MSCI Emerging Markets UCITS ETF USD HMEM LSE IE00B5SSQT16 View backtest →
HSBC MSCI Emerging Markets UCITS ETF USD (Acc) HEMA LSE IE000KCS7J59 View backtest →
Invesco MSCI Emerging Markets UCITS ETF MXFS LSE IE00B3DWVS88 View backtest →
iShares MSCI EM UCITS ETF (Acc) IEMA LSE IE00B4L5YC18 View backtest →
iShares MSCI EM UCITS ETF (Dist) IDEM LSE IE00B0M63177 View backtest →
Lyxor MSCI Emerging Markets (LUX) UCITS ETF E127 F LU0635178014 View backtest →
State Street SPDR MSCI Emerging Markets UCITS ETF USD EMRD LSE IE00B469F816 View backtest →
UBS Core MSCI EM UCITS ETF USD acc EMMUSC MI LU0950674175 View backtest →
UBS Core MSCI EM UCITS ETF USD dis UB30 LSE LU0480132876 View backtest →
UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-UKdis EMMUKD SW LU1126036976 View backtest →
UBS MSCI EM SF UCITS ETF USD acc EGUSAS SW IE00B3Z3FS74 View backtest →
Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C DBX1 F LU0292107645 View backtest →
Xtrackers MSCI Emerging Markets Swap UCITS ETF 1D XMCM XETRA LU2675291913 View backtest →
Xtrackers MSCI Emerging Markets UCITS ETF 1C XMME LSE IE00BTJRMP35 View backtest →
Xtrackers MSCI Emerging Markets UCITS ETF 1D XEMD LSE IE000GWA2J58 View backtest →

Compare with other indices

S&P 500 → FTSE All-World → Nasdaq-100 → MSCI Emerging Markets → View all indices →

Frequently Asked Questions

What is the average annual return of the MSCI Emerging Markets?

Based on data since 1997, the MSCI Emerging Markets had a compound annual growth rate (CAGR) of 5,82% in EUR. Past performance is not indicative of future results.

How much would €10.000 invested in 1997 be worth today?

€10.000 invested in the MSCI Emerging Markets in 1997 would be worth approximately €33.033 today (EUR), assuming index returns with no dividends reinvested unless stated.

What is the maximum drawdown of the MSCI Emerging Markets?

The maximum drawdown of the MSCI Emerging Markets since 1997 was -60,79%. This is the largest peak-to-trough decline over the full period.

Returns
Scale
Display

Returns by Period

PeriodReturn
YTD+16,64%
1 Year+30,57%
3 Years+15,09%
5 Years+4,20%
10 Years+5,99%
Max+4,13%
HICP rates used (EUR, Dec/Dec): 2025: 1,94% | 2024: 2,43% | 2023: 2,93% | 2022: 9,20% | 2021: 4,96% | 2020: -0,27% | 2019: 1,33% | 2018: 1,52% | 2017: 1,34% | 2016: 1,10% | 2015: 0,25% | 2014: -0,17% | 2013: 0,85% | 2012: 2,22% | 2011: 2,76% | 2010: 2,21% | 2009: 0,93% | 2008: 1,58% | 2007: 3,07% | 2006: 1,90% | 2005: 2,25% | 2004: 2,32% | 2003: 1,98% | 2002: 2,32% | 2001: 2,05% | 2000: 2,49% | 1999: 1,73% | 1998: 0,75% | 1997: 1,48%

Annual Returns Table

Year Nominal Return (%) Real Return (%) Cumulative Return (%) Annualised Return to Date (%)
2026 +16,72% N/A +230,25% +4,13%
2025 +15,45% +13,25% +182,94% +3,65%
2024 +11,74% +9,08% +145,08% +3,25%
2023 +3,32% +0,38% +119,33% +2,95%
2022 -17,57% -24,51% +112,28% +2,94%
2021 +3,37% -1,52% +157,53% +3,86%
2020 +6,05% +6,33% +149,13% +3,88%
2019 +17,65% +16,11% +134,92% +3,78%
2018 -12,69% -14,00% +99,68% +3,19%
2017 +18,08% +16,51% +128,70% +4,02%
2016 +12,14% +10,92% +93,68% +3,36%
2015 -7,39% -7,62% +72,71% +2,92%
2014 +8,34% +8,52% +86,49% +3,52%
2013 -9,09% -9,85% +72,14% +3,25%
2012 +12,92% +10,47% +89,35% +4,07%
2011 -17,81% -20,01% +67,69% +3,51%
2010 +25,45% +22,74% +104,02% +5,23%
2009 +68,57% +67,02% +62,63% +3,81%
2008 -51,84% -52,59% -3,52% -0,30%
2007 +22,08% +18,45% +100,33% +6,52%
2006 +15,71% +13,55% +64,09% +5,08%
2005 +50,45% +47,13% +41,82% +3,96%
2004 +13,54% +10,97% -5,74% -0,74%
2003 +25,87% +23,43% -16,98% -2,63%
2002 -22,66% -24,41% -34,04% -6,71%
2001 +0,40% -1,62% -14,72% -3,14%
2000 -26,37% -28,16% -15,06% -4,00%
1999 +81,12% +78,03% +15,36% +4,89%
1998 -26,45% -27,00% -36,31% -20,23%
1997 -13,40% -14,66% -13,40% -13,44%

Key metrics

MetricValue

Top Drawdowns

RankStart dateBottom dateRecovery date Depth (%)Duration (days)Decline (days)Recovery (days)

Rolling Returns Summary

Metric1 Year3 Years5 Years10 Years

Risk Metrics

MetricValueDescription
Sharpe Ratio 0,20 Risk-adjusted return relative to risk-free rate
Sortino Ratio 0,26 Like Sharpe but only penalises downside volatility
Calmar Ratio 0,10 Annualised return divided by max drawdown
Standard Deviation 18,80% Total volatility (annualised)
Downside Deviation 14,45% Annualised downside volatility
VaR 95% (Monthly) -10,39% 5th percentile of monthly returns
Max. Drawdown -60,79% Largest peak-to-trough decline
Total Return 230,33% Cumulative return over full period

Data last updated:

Past performance is not indicative of future results. Figures are index returns. For informational purposes only.