0Y8Z.L vs. EIMI.L
0Y8Z.L (iShares Core MSCI EMU UCITS ETF EUR (Dist)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - 0Y8Z.L is a Europe Equities fund tracking the MSCI EMU Net Index (EUR), while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 3 years, 0Y8Z.L returned 15.97%/yr vs 18.44%/yr for EIMI.L. At a 0.31 correlation, their price movements are largely independent. 0Y8Z.L charges 0.12%/yr vs 0.18%/yr for EIMI.L.
Performance
0Y8Z.L vs. EIMI.L - Performance Comparison
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Different Trading Currencies
0Y8Z.L is traded in EUR, while EIMI.L is traded in USD. To make them comparable, the EIMI.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0Y8Z.L achieves a 11.27% return, which is significantly lower than EIMI.L's 21.48% return.
0Y8Z.L
- 1D
- -1.02%
- 1M
- -0.23%
- 6M
- 6.94%
- YTD
- 11.27%
- 1Y
- 20.28%
- 3Y*
- 15.97%
- 5Y*
- —
- 10Y*
- —
EIMI.L
- 1D
- -0.76%
- 1M
- -5.10%
- 6M
- 15.06%
- YTD
- 21.48%
- 1Y
- 36.14%
- 3Y*
- 18.44%
- 5Y*
- 7.83%
- 10Y*
- 8.83%
0Y8Z.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 11.27% | 24.83% | 8.63% | 15.41% | 1.14% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 21.48% | 16.48% | 14.45% | 7.70% | -5.81% |
Correlation
The correlation between 0Y8Z.L and EIMI.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.31 |
The correlation between 0Y8Z.L and EIMI.L shifts across timeframes, from 0.31 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
0Y8Z.L vs. EIMI.L — Risk / Return Rank
0Y8Z.L
EIMI.L
0Y8Z.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) and iShares Core MSCI EM IMI UCITS ETF (EIMI.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 0Y8Z.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 3.36 | -1.23 |
| Martin ratioReturn relative to average drawdown | 8.14 | 10.37 | -2.24 |
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Drawdowns
0Y8Z.L vs. EIMI.L - Drawdown Comparison
The maximum 0Y8Z.L drawdown since its inception was -14.60%, smaller than the maximum EIMI.L drawdown of -34.88%. Use the drawdown chart below to compare losses from any high point for 0Y8Z.L and EIMI.L.
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Drawdown Indicators
| 0Y8Z.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -34.88% | +20.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -10.72% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -14.60% | -18.31% | +3.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.18% | — |
Current DrawdownCurrent decline from peak | -2.77% | -8.08% | +5.31% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -9.22% | +6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 3.48% | -0.88% |
Volatility
0Y8Z.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) is 4.06%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.57%. This indicates that 0Y8Z.L experiences smaller price fluctuations and is considered to be less risky than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0Y8Z.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 8.57% | -4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 18.44% | -5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 20.69% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 17.41% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 18.63% | +0.36% |
0Y8Z.L vs. EIMI.L - Expense Ratio Comparison
0Y8Z.L has a 0.12% expense ratio, which is lower than EIMI.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
0Y8Z.L vs. EIMI.L - Dividend Comparison
0Y8Z.L's dividend yield for the trailing twelve months is around 2.32%, while EIMI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 2.32% | 2.53% | 2.41% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
0Y8Z.L and EIMI.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0Y8Z.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0Y8Z.L is cheaper with a 0.12% expense ratio, compared with 0.18% for EIMI.L.
0Y8Z.L is categorized as Europe Equities, while EIMI.L is Emerging Markets Equities. 0Y8Z.L tracks MSCI EMU Net Index (EUR), while EIMI.L tracks MSCI Emerging Markets Investable Market Index. Their fees differ too: 0.12% for 0Y8Z.L and 0.18% for EIMI.L.
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