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BAESY vs. EMIM.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BAESY vs. EMIM.L

Last updated Jun 13, 2026

BAESY (BAE Systems PLC) is a stock, while EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) is Emerging Markets Equities fund tracking the MSCI EM NR USD. Over the past 10 years, BAESY returned 18.72%/yr vs 10.56%/yr for EMIM.L. At a 0.30 correlation, their price movements are largely independent.

Performance

BAESY vs. EMIM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BAE Systems PLC (BAESY) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

BAESY 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, BAESY achieves a 11.25% return, which is significantly lower than EMIM.L's 22.27% return. Over the past 10 years, BAESY has outperformed EMIM.L with an annualized return of 18.72%, while EMIM.L has yielded a comparatively lower 10.56% annualized return.

BAESY

1D
-4.00%
1M
-1.83%
YTD
11.25%
6M
13.51%
1Y
0.44%
3Y*
30.63%
5Y*
30.61%
10Y*
18.72%

EMIM.L

1D
2.68%
1M
0.81%
YTD
22.27%
6M
25.64%
1Y
42.59%
3Y*
21.50%
5Y*
7.44%
10Y*
10.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BAESY vs. EMIM.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BAESY
BAE Systems PLC		11.25%65.51%1.23%40.91%46.40%14.56%-3.43%34.69%-22.16%13.28%
EMIM.L
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)		22.27%32.66%7.36%10.47%-19.77%-0.17%18.43%17.21%-14.45%36.59%

Correlation

The correlation between BAESY and EMIM.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Jun 9, 2014

0.30

The correlation between BAESY and EMIM.L shifts across timeframes, from 0.18 (3 years) to 0.30 (all time), reflecting how their relationship changes across market environments.

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BAE Systems PLC

iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)

Often compared with BAESY:
BAESY vs. BABAESY vs. RYCEYBAESY vs. GDBAESY vs. FINMYBAESY vs. LMTBAESY vs. LDO.MIBAESY vs. MSFT
Often compared with EMIM.L:
EMIM.L vs. VFEG.LEMIM.L vs. SEMA.LEMIM.L vs. SWDA.LEMIM.L vs. EXCS.LEMIM.L vs. VDPG.LEMIM.L vs. XMMS.LEMIM.L vs. 5MVL.DE

Return for Risk

BAESY vs. EMIM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BAESY
BAESY Risk / Return Rank: 4141
Overall Rank
BAESY Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
BAESY Sortino Ratio Rank: 3838
Sortino Ratio Rank
BAESY Omega Ratio Rank: 3737
Omega Ratio Rank
BAESY Calmar Ratio Rank: 4343
Calmar Ratio Rank
BAESY Martin Ratio Rank: 4343
Martin Ratio Rank
EMIM.L
EMIM.L Risk / Return Rank: 8686
Overall Rank
EMIM.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
EMIM.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
EMIM.L Omega Ratio Rank: 8989
Omega Ratio Rank
EMIM.L Calmar Ratio Rank: 8585
Calmar Ratio Rank
EMIM.L Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAESY vs. EMIM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BAE Systems PLC (BAESY) 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.

BAESYEMIM.LDifference
Sharpe ratioReturn per unit of total volatility
0.01
2.20

-2.18

Sortino ratioReturn per unit of downside risk
0.25
2.94

-2.69

Omega ratioGain probability vs. loss probability

1.03

1.40

-0.37

Calmar ratioReturn relative to maximum drawdown

0.02

3.28

-3.26

Martin ratioReturn relative to average drawdown

0.04

11.64

-11.60

BAESY vs. EMIM.L - Sharpe Ratio Comparison

The current BAESY Sharpe Ratio is 0.01, which is lower than the EMIM.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of BAESY and EMIM.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BAESY vs. EMIM.L - Drawdown Comparison

The maximum BAESY drawdown since its inception was -59.20%, which is greater than EMIM.L's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for BAESY and EMIM.L.

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Drawdown Indicators

BAESYEMIM.LDifference

Max Drawdown

Largest peak-to-trough decline

-59.20%

-39.32%

-19.88%

Max Drawdown (1Y)

Largest decline over 1 year

-23.59%

-12.93%

-10.66%

Max Drawdown (3Y)

Largest decline over 3 years

-23.59%

-17.29%

-6.30%

Max Drawdown (5Y)

Largest decline over 5 years

-23.59%

-35.48%

+11.89%

Max Drawdown (10Y)

Largest decline over 10 years

-42.13%

-39.32%

-2.81%

Current Drawdown

Current decline from peak

-16.92%

-3.99%

-12.93%

Average Drawdown

Average peak-to-trough decline

-19.32%

-13.99%

-5.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.17%

3.65%

+6.52%

Volatility

BAESY vs. EMIM.L - Volatility Comparison

BAE Systems PLC (BAESY) has a higher volatility of 10.68% compared to iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) at 8.11%. This indicates that BAESY's price experiences larger fluctuations and is considered to be riskier than EMIM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BAESYEMIM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.68%

8.11%

+2.57%

Volatility (6M)

Calculated over the trailing 6-month period

25.10%

16.75%

+8.35%

Volatility (1Y)

Calculated over the trailing 1-year period

31.92%

19.29%

+12.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.12%

18.40%

+9.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.90%

19.28%

+8.62%

Dividends

BAESY vs. EMIM.L - Dividend Comparison

BAESY's dividend yield for the trailing twelve months is around 1.90%, while EMIM.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
BAESY
BAE Systems PLC		1.90%1.90%2.79%2.40%3.09%4.46%7.05%3.66%4.93%5.71%6.26%4.38%
EMIM.L
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

BAESY and EMIM.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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