AGGU.L vs. EMIM.L
AGGU.L (iShares Core Global Aggregate Bond UCITS ETF) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - AGGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond Index, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (IMI). Both are passively managed. Over the past 5 years, AGGU.L returned 0.42%/yr vs 6.56%/yr for EMIM.L. At a 0.01 correlation, their price movements are largely independent. AGGU.L charges 0.10%/yr vs 0.18%/yr for EMIM.L.
Performance
AGGU.L vs. EMIM.L - Performance Comparison
Loading charts...
Different Trading Currencies
AGGU.L is traded in USD, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AGGU.L achieves a 0.52% return, which is significantly lower than EMIM.L's 14.61% return.
AGGU.L
- 1D
- 0.17%
- 1M
- -0.34%
- 6M
- 0.52%
- YTD
- 0.52%
- 1Y
- 3.18%
- 3Y*
- 4.08%
- 5Y*
- 0.42%
- 10Y*
- —
EMIM.L
- 1D
- -2.04%
- 1M
- -8.49%
- 6M
- 9.67%
- YTD
- 14.61%
- 1Y
- 28.97%
- 3Y*
- 18.36%
- 5Y*
- 6.56%
- 10Y*
- 8.92%
AGGU.L vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 0.52% | 4.68% | 3.54% | 6.65% | -11.53% | -1.81% | 5.15% | 8.16% | 1.56% | 0.24% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 14.61% | 32.66% | 7.36% | 10.47% | -19.77% | -0.17% | 18.43% | 17.21% | -14.45% | 2.35% |
Correlation
The correlation between AGGU.L and EMIM.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | 0.01 |
Over the past year, AGGU.L and EMIM.L have become more correlated (0.35) than their long-term average of 0.01, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AGGU.L vs. EMIM.L — Risk / Return Rank
AGGU.L
EMIM.L
AGGU.L vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.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.
| AGGU.L | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.23 | -0.79 |
| Martin ratioReturn relative to average drawdown | 4.15 | 7.12 | -2.97 |
Loading charts...
Drawdowns
AGGU.L vs. EMIM.L - Drawdown Comparison
The maximum AGGU.L drawdown since its inception was -15.55%, smaller than the maximum EMIM.L drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for AGGU.L and EMIM.L.
Loading charts...
Drawdown Indicators
| AGGU.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.55% | -39.32% | +23.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -12.93% | +10.72% |
Max Drawdown (3Y)Largest decline over 3 years | -3.47% | -17.29% | +13.82% |
Max Drawdown (5Y)Largest decline over 5 years | -15.20% | -33.79% | +18.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.32% | — |
Current DrawdownCurrent decline from peak | -0.85% | -10.62% | +9.77% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -13.92% | +10.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 4.06% | -3.30% |
Volatility
AGGU.L vs. EMIM.L - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) is 1.05%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 8.65%. This indicates that AGGU.L experiences smaller price fluctuations and is considered to be less risky than EMIM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AGGU.L | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 8.65% | -7.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 18.87% | -16.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 21.00% | -17.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 18.79% | -13.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 19.32% | -14.85% |
AGGU.L vs. EMIM.L - Expense Ratio Comparison
AGGU.L has a 0.10% expense ratio, which is lower than EMIM.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
AGGU.L vs. EMIM.L - Dividend Comparison
Neither AGGU.L nor EMIM.L has paid dividends to shareholders.
Frequently Asked Questions
AGGU.L and EMIM.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGGU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGGU.L is cheaper with a 0.10% expense ratio, compared with 0.18% for EMIM.L.
AGGU.L is categorized as Global Bonds, while EMIM.L is Emerging Markets Equities. AGGU.L tracks Bloomberg Global Aggregate Bond Index, while EMIM.L tracks MSCI Emerging Markets Investable Market Index (IMI). Their fees differ too: 0.10% for AGGU.L and 0.18% for EMIM.L.
Find the right allocation for AGGU.L and EMIM.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer