CCAU.L vs. EIMI.L
CCAU.L (iShares MSCI Canada UCITS ETF USD (Acc)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - CCAU.L is a Canada Equities fund tracking the MSCI Developed - Canada in USD - NET TR, while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 10 years, CCAU.L returned 10.89%/yr vs 9.25%/yr for EIMI.L. A 0.68 correlation means they provide meaningful diversification when combined. CCAU.L charges 0.48%/yr vs 0.18%/yr for EIMI.L.
Performance
CCAU.L vs. EIMI.L - Performance Comparison
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Returns By Period
In the year-to-date period, CCAU.L achieves a 9.97% return, which is significantly lower than EIMI.L's 18.64% return. Over the past 10 years, CCAU.L has outperformed EIMI.L with an annualized return of 10.89%, while EIMI.L has yielded a comparatively lower 9.25% annualized return.
CCAU.L
- 1D
- -0.05%
- 1M
- 0.78%
- 6M
- 8.29%
- YTD
- 9.97%
- 1Y
- 30.40%
- 3Y*
- 20.98%
- 5Y*
- 12.22%
- 10Y*
- 10.89%
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%
CCAU.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCAU.L iShares MSCI Canada UCITS ETF USD (Acc) | 9.97% | 36.70% | 12.06% | 14.22% | -12.45% | 24.37% | 5.95% | 26.28% | -17.42% | 15.44% |
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% | 36.94% |
Correlation
The correlation between CCAU.L and EIMI.L is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 30, 2014 | 0.68 |
The correlation between CCAU.L and EIMI.L has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
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Return for Risk
CCAU.L vs. EIMI.L — Risk / Return Rank
CCAU.L
EIMI.L
CCAU.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada UCITS ETF USD (Acc) (CCAU.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.
| CCAU.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.30 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 2.72 | +1.18 |
| Martin ratioReturn relative to average drawdown | 14.98 | 8.68 | +6.30 |
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Drawdowns
CCAU.L vs. EIMI.L - Drawdown Comparison
The maximum CCAU.L drawdown since its inception was -42.79%, which is greater than EIMI.L's maximum drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for CCAU.L and EIMI.L.
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Drawdown Indicators
| CCAU.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.79% | -38.73% | -4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -12.66% | +4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -12.83% | -17.44% | +4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -24.98% | -33.69% | +8.71% |
Max Drawdown (10Y)Largest decline over 10 years | -41.11% | -38.73% | -2.38% |
Current DrawdownCurrent decline from peak | -0.05% | -7.71% | +7.66% |
Average DrawdownAverage peak-to-trough decline | -10.01% | -13.92% | +3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 3.98% | -1.96% |
Volatility
CCAU.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares MSCI Canada UCITS ETF USD (Acc) (CCAU.L) is 3.72%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.59%. This indicates that CCAU.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
| CCAU.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 8.59% | -4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 19.48% | -9.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.23% | 21.43% | -8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 18.83% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 19.22% | -1.24% |
CCAU.L vs. EIMI.L - Expense Ratio Comparison
CCAU.L has a 0.48% expense ratio, which is higher than EIMI.L's 0.18% expense ratio.
Dividends
CCAU.L vs. EIMI.L - Dividend Comparison
Neither CCAU.L nor EIMI.L has paid dividends to shareholders.
Frequently Asked Questions
CCAU.L and EIMI.L have a correlation of 0.61, 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 0.48% for CCAU.L.
CCAU.L is categorized as Canada Equities, while EIMI.L is Emerging Markets Equities. CCAU.L tracks MSCI Developed - Canada in USD - NET TR, while EIMI.L tracks MSCI Emerging Markets Investable Market Index. Their fees differ too: 0.48% for CCAU.L and 0.18% for EIMI.L.
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