CEMG.L vs. IUCS.L

Last updated Jun 5, 2026

CEMG.L (iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc)) and IUCS.L (iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating) are both Consumer Staples Equities funds from iShares - CEMG.L tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR while IUCS.L tracks the S&P 500 Capped 35/20 Consumer Staples Index. Both are passively managed. Over the past 5 years, CEMG.L returned -3.07%/yr vs 6.77%/yr for IUCS.L. At a 0.27 correlation, their price movements are largely independent. CEMG.L charges 0.60%/yr vs 0.15%/yr for IUCS.L.

Performance

CEMG.L vs. IUCS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.L) and iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating (IUCS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEMG.L achieves a -7.56% return, which is significantly lower than IUCS.L's 6.36% return.

CEMG.L

• 1D: -0.10%
• 1M: -0.99%
• YTD: -7.56%
• 6M: -8.07%
• 1Y: -6.47%
• 3Y*: 5.85%
• 5Y*: -3.07%
• 10Y*: 3.80%

IUCS.L

• 1D: 0.10%
• 1M: -2.70%
• YTD: 6.36%
• 6M: 6.99%
• 1Y: 2.19%
• 3Y*: 8.36%
• 5Y*: 6.77%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEMG.L vs. IUCS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CEMG.L iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc)	-7.56%	13.16%	10.30%	5.13%	-21.91%	-9.64%	26.92%	19.93%	-19.87%	22.25%
IUCS.L iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating	6.36%	3.96%	14.33%	-0.38%	-0.06%	18.15%	9.27%	27.30%	-9.43%	6.19%

Correlation

The correlation between CEMG.L and IUCS.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Apr 10, 2017	0.27

The correlation between CEMG.L and IUCS.L shifts across timeframes, from 0.14 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

CEMG.L vs. IUCS.L - Sectors Allocation Comparison

Sectors	CEMG.L	IUCS.L
Consumer Cyclical	48.8%	1.0%
Consumer Defensive	27.4%	99.0%
Communication Services	13.6%	-
Healthcare	5.5%	-
Technology	3.5%	-
Industrials	1.2%	-
Financial Services	0.1%	-
Real Estate	0.0%	-
Basic Materials	-	-
Energy	-	-
Utilities	-	-

Return for Risk

CEMG.L vs. IUCS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEMG.L

CEMG.L Risk / Return Rank: 5
CEMG.L Sharpe Ratio Rank: 5
CEMG.L Sortino Ratio Rank: 5
CEMG.L Omega Ratio Rank: 5
CEMG.L Calmar Ratio Rank: 5
CEMG.L Martin Ratio Rank: 5

IUCS.L

IUCS.L Risk / Return Rank: 11
IUCS.L Sharpe Ratio Rank: 11
IUCS.L Sortino Ratio Rank: 11
IUCS.L Omega Ratio Rank: 11
IUCS.L Calmar Ratio Rank: 12
IUCS.L Martin Ratio Rank: 11

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.

CEMG.L vs. IUCS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.L) and iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating (IUCS.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.

	CEMG.L	IUCS.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	0.16	-0.60
Sortino ratio: Return per unit of downside risk	-0.55	0.32	-0.87
Omega ratio: Gain probability vs. loss probability	0.94	1.04	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.43	0.23	-0.66
Martin ratio: Return relative to average drawdown	-0.98	0.49	-1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEMG.L vs. IUCS.L - Sharpe Ratio Comparison

The current CEMG.L Sharpe Ratio is -0.44, which is lower than the IUCS.L Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of CEMG.L and IUCS.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.

Sharpe Ratios by Period

	CEMG.L	IUCS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	0.16	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.50	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.61	-0.46

Drawdowns

CEMG.L vs. IUCS.L - Drawdown Comparison

The maximum CEMG.L drawdown since its inception was -46.10%, which is greater than IUCS.L's maximum drawdown of -23.90%. Use the drawdown chart below to compare losses from any high point for CEMG.L and IUCS.L.

Drawdown Indicators

	CEMG.L	IUCS.L	Difference
Max Drawdown Largest peak-to-trough decline	-46.10%	-23.90%	-22.20%
Max Drawdown (1Y) Largest decline over 1 year	-14.90%	-9.42%	-5.48%
Max Drawdown (3Y) Largest decline over 3 years	-15.50%	-12.00%	-3.50%
Max Drawdown (5Y) Largest decline over 5 years	-42.17%	-17.20%	-24.97%
Max Drawdown (10Y) Largest decline over 10 years	-46.10%	—	—
Current Drawdown Current decline from peak	-22.17%	-8.12%	-14.05%
Average Drawdown Average peak-to-trough decline	-16.32%	-4.35%	-11.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.61%	4.43%	+2.18%

Volatility

CEMG.L vs. IUCS.L - Volatility Comparison

The current volatility for iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.L) is 4.47%, while iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating (IUCS.L) has a volatility of 5.63%. This indicates that CEMG.L experiences smaller price fluctuations and is considered to be less risky than IUCS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEMG.L	IUCS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	5.63%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	11.25%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	13.79%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.36%	13.43%	+6.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.49%	14.99%	+4.50%

CEMG.L vs. IUCS.L - Expense Ratio Comparison

CEMG.L has a 0.60% expense ratio, which is higher than IUCS.L's 0.15% expense ratio.

Dividends

CEMG.L vs. IUCS.L - Dividend Comparison

Neither CEMG.L nor IUCS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CEMG.L and IUCS.L in my portfolio?

CEMG.L and IUCS.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CEMG.L or IUCS.L?

On fees, IUCS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CEMG.L or IUCS.L?

IUCS.L is cheaper with a 0.15% expense ratio, compared with 0.60% for CEMG.L.

What is the main difference between CEMG.L and IUCS.L?

CEMG.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while IUCS.L tracks S&P 500 Capped 35/20 Consumer Staples Index. Their fees differ too: 0.60% for CEMG.L and 0.15% for IUCS.L.