BTEC.L vs. EIMI.L
BTEC.L (iShares Nasdaq US Biotechnology UCITS ETF USD (Acc)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - BTEC.L is a Health & Biotech Equities fund tracking the NASDAQ Biotechnology NET Index, while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 5 years, BTEC.L returned 5.87%/yr vs 7.21%/yr for EIMI.L. At a 0.48 correlation, their price movements are largely independent. BTEC.L charges 0.35%/yr vs 0.18%/yr for EIMI.L.
Performance
BTEC.L vs. EIMI.L - Performance Comparison
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Returns By Period
In the year-to-date period, BTEC.L achieves a 15.22% return, which is significantly lower than EIMI.L's 18.64% return.
BTEC.L
- 1D
- 0.68%
- 1M
- 9.55%
- 6M
- 13.18%
- YTD
- 15.22%
- 1Y
- 50.31%
- 3Y*
- 16.99%
- 5Y*
- 5.87%
- 10Y*
- —
EIMI.L
- 1D
- -0.30%
- 1M
- -6.07%
- 6M
- 13.34%
- YTD
- 18.64%
- 1Y
- 34.63%
- 3Y*
- 19.30%
- 5Y*
- 7.21%
- 10Y*
- 9.25%
BTEC.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTEC.L iShares Nasdaq US Biotechnology UCITS ETF USD (Acc) | 15.22% | 32.96% | -2.04% | 6.22% | -11.92% | -0.49% | 27.40% | 25.57% | -11.22% | -3.31% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 18.64% | 32.16% | 7.36% | 11.03% | -19.67% | -0.65% | 18.80% | 16.37% | -14.18% | 3.56% |
Correlation
The correlation between BTEC.L and EIMI.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.48 |
The correlation between BTEC.L and EIMI.L shifts across timeframes, from 0.37 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BTEC.L vs. EIMI.L — Risk / Return Rank
BTEC.L
EIMI.L
BTEC.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq US Biotechnology UCITS ETF USD (Acc) (BTEC.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.
| BTEC.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.22 | 2.72 | +3.50 |
| Martin ratioReturn relative to average drawdown | 19.15 | 8.68 | +10.47 |
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Drawdowns
BTEC.L vs. EIMI.L - Drawdown Comparison
The maximum BTEC.L drawdown since its inception was -38.42%, roughly equal to the maximum EIMI.L drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for BTEC.L and EIMI.L.
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Drawdown Indicators
| BTEC.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.42% | -38.73% | +0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -12.66% | +4.72% |
Max Drawdown (3Y)Largest decline over 3 years | -26.74% | -17.44% | -9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -38.42% | -33.69% | -4.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.73% | — |
Current DrawdownCurrent decline from peak | -3.87% | -7.71% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -13.22% | -13.92% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 3.98% | -1.40% |
Volatility
BTEC.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares Nasdaq US Biotechnology UCITS ETF USD (Acc) (BTEC.L) is 5.91%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.59%. This indicates that BTEC.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
| BTEC.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 8.59% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 19.48% | -3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.42% | 21.43% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 18.83% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 19.22% | +3.15% |
BTEC.L vs. EIMI.L - Expense Ratio Comparison
BTEC.L has a 0.35% expense ratio, which is higher than EIMI.L's 0.18% expense ratio.
Dividends
BTEC.L vs. EIMI.L - Dividend Comparison
Neither BTEC.L nor EIMI.L has paid dividends to shareholders.
Frequently Asked Questions
BTEC.L and EIMI.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIMI.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.35% for BTEC.L.
BTEC.L is categorized as Health & Biotech Equities, while EIMI.L is Emerging Markets Equities. BTEC.L tracks NASDAQ Biotechnology NET Index, while EIMI.L tracks MSCI Emerging Markets Investable Market Index. Their fees differ too: 0.35% for BTEC.L and 0.18% for EIMI.L.
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