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EXCS
+0.70 · +14.34%
£5.59 · LSE
iShares MSCI EM ex China UCITS ETF USD Acc GBP | Global Emerging Markets ex-China Equity
BlackRock Asset Management Ireland - ETF · Ireland
AUM:£5.1B
#– of – in Global Emerging Markets ex-China Equity ETFs
ℹ️
Reward Rating
65
Good
61.71% 1Y return
ℹ️
Risk Rating
61
Elevated
Risk Assessment
ℹ️

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

📈 Up 61.7% over the past year, reflecting strong price momentum.

Cost Efficiency

💰 Ongoing charge of 0.18% — competitive for the exposure provided.

What is EXCS?

iShares MSCI EM ex China UCITS ETF USD Acc GBP tracks Morningstar EM xChina TME NR USD, providing diversified exposure across 46 holdings. Its ongoing charge is 0.18%.

Performance Highlights

Investment Breakdown

Strong Recent Performance
EXCS delivered 61.7% over the past year. Historical returns only — past performance is not indicative of future results.
Competitive Ongoing Charge
Ongoing charge of 0.18% — reasonable for the index exposure provided.
Moderate Concentration
Top 10 holdings make up 40.8% of the ETF — a moderate level of name concentration.

Openbook Analysis

Performance: Good (65)

The scoring profile reflects moderate historical performance, with a 61.7% 1-year return (historical). The ongoing charge of 0.18% is reasonable for this exposure. Risk indicators are elevated — volatility warrants consideration (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information
AUM£5.1B
Ongoing Charge0.18%
Dividend Yield0.00%
Holdings46
Inception DateApr 2021
DomicileIreland
Distribution–
IndexMorningstar EM xChina TME NR USD
ProviderBlackRock Asset Management Ireland - ETF
Beta–
CategoryGlobal Emerging Markets ex-China Equity
CurrencyGBP
Portfolio Impact

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6168
+7 points · better diversified
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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+41.4%
1Y
+72.7%
3Y
+97.6%
5Y
+92.3%
OpenBook InsightIf you had invested £10,000 in EXCS 5 years ago, it would have grown to £19,225 — a gain of £9,225.

Annual Returns

Calendar year performance

EXCS delivered positive returns in 4 of the last 5 calendar years.
YearEXCS
2026 YTD+35.7%
2025+24.0%
2024+5.0%
2023+11.3%
2022-8.9%
CAGR 4yr+7.2%
4/5 positive yearsAvg return: +13.4%Worst year: -8.9% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: POSITIVE
Trend Strength
100%
Positive
Volatility
26.5%
Moderate
Momentum
+15.4%
30-day change
Support Level
6.29
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Momentum is upward with a 15.4% move over 30 days.
  • Monitor key support and resistance levels as part of broader risk assessment.

Reward Rating Breakdown

Our reward rating analyses EXCS's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating
65
Good REWARD
Data Coverage: %
Factor Framework
Performance
Has the ETF delivered strong historical returns versus similar ETFs?
Cost Efficiency
Is the ETF cheap to own over long periods?
Income
Does it provide attractive and consistent distributions?
Diversification Quality
Does it spread exposure across holdings, sectors, and regions?

📈 Performance

Weight: 30%
62/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return
61.71%
Very Good
3Y Return
24.44%
Very Good
5Y Return
0.00%
Weak
10Y Return
0.00%
Weak
Sharpe Ratio
—
No Data

Solid historical performance: 1-year return of 61.71%, 3-year annualised 24.44%, 5-year annualised 0.00%. Past performance is not indicative of future results.

💰 Cost Efficiency

Weight: 30%
85/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge
0.18%
Good
Net Expense Ratio
0.00%
Very Good
Annual Turnover
0.00%
Very Good
Tracking Difference
—
No Data

Low-cost and efficient structure: ongoing charge of 0.18%, net expense ratio of 0.00%, annual turnover of 0.0%.

💵 Income

Weight: 15%
50/100

Does the ETF provide attractive and consistent distributions? Combines the current yield with distribution frequency.

Distribution Yield
—
No Data
Distribution Frequency
—
No Data

Insufficient income data available.

🌐 Diversification Quality

Weight: 25%
44/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings
46
Very Weak
Top 10 Concentration
40.78%
Weak
Top Sector
Technology38.9%
Weak
Top Region
Asia Developed50.0%
Good

Concentrated but typical for its category: 46 holdings, top 10 at 40.8%, Technology sector at 38.9%, Asia Developed at 50.0%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses EXCS using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating
61
Elevated RISK
Data Coverage: 75%
Factor Framework
Holdings Concentration
How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.
Market Exposure
Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.
Volatility
Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.
Income Reliability
How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

🎯 Holdings Concentration

Weight: 25%
59/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight
40.78%
Moderate
Largest Holding
17.66%
High Risk
Number of Holdings
46
Elevated
HHI (weight²)
416
Lower Risk

Moderate holdings concentration: top 10 holdings at 40.8%, largest single position at 17.66%, 46 total holdings.

🌍 Market Exposure

Weight: 25%
72/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region
Asia Developed50.0%
Lower Risk
Top Sector
Technology38.9%
Elevated
Top 2 Sectors
61.44%
High Risk
Cyclical Sectors
43.84%
Moderate

High market-exposure risk — returns closely track a narrow slice of the market: Asia Developed at 50.0%, Technology sector at 38.9%, 43.8% in cyclical sectors.

📊 Volatility

Weight: 35%
55/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility
13.78%
Lower Risk
Beta
—
No Data
Max Drawdown
—
No Data

Elevated volatility profile: 1Y volatility of 13.78% (historical).

💵 Income Reliability

Weight: 15%
50/100

How dependable is the fund's distribution yield? Heavy cyclical-sector exposure or unusually high yields can flag vulnerability to dividend cuts in a downturn.

Current Yield
—
No Data
Cyclical Sector Exposure
43.84%
No Data
Top-Sector Dependency
Technology38.9%
No Data

No distribution yield detected — income-reliability risk is not a material concern for this fund.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.
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