EEM has had a strong trailing year. The fund is up 32.81% over the past 12 months, though momentum has stalled sharply in recent weeks with the fund dropping sharply in the week ending March 6, 2026. The pullback reflects a broader shift in investor sentiment rather than any fund-specific issue.
Risk appetite remains the dominant headwind across asset classes. The relatively muted response in equities following Nvidia's earnings reinforced that cautious tone, and any additional negative catalysts could weigh further on risk assets, including crypto.