CES1.L vs. EIMI.L
Compare and contrast key facts about iShares MSCI EMU Small Cap UCITS ETF (Acc) (CES1.L) and iShares Core MSCI EM IMI UCITS ETF (EIMI.L).
CES1.L and EIMI.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CES1.L is a passively managed fund by iShares that tracks the performance of the MSCI EMU Small Cap NR EUR. It was launched on Jul 1, 2009. EIMI.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on May 30, 2014. Both CES1.L and EIMI.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CES1.L vs. EIMI.L - Performance Comparison
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CES1.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CES1.L iShares MSCI EMU Small Cap UCITS ETF (Acc) | 0.77% | 30.70% | -4.07% | 11.92% | -11.62% | 15.21% | 11.44% | 21.04% | -16.15% | 28.53% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 6.20% | 22.75% | 9.23% | 5.48% | -10.12% | 0.29% | 15.31% | 11.94% | -9.08% | 25.11% |
Different Trading Currencies
CES1.L is traded in GBp, while EIMI.L is traded in USD. To make them comparable, the EIMI.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CES1.L achieves a 0.77% return, which is significantly lower than EIMI.L's 6.20% return. Both investments have delivered pretty close results over the past 10 years, with CES1.L having a 9.36% annualized return and EIMI.L not far behind at 9.23%.
CES1.L
- 1D
- 2.61%
- 1M
- -4.29%
- YTD
- 0.77%
- 6M
- 3.89%
- 1Y
- 21.93%
- 3Y*
- 9.76%
- 5Y*
- 6.22%
- 10Y*
- 9.36%
EIMI.L
- 1D
- 3.89%
- 1M
- -4.92%
- YTD
- 6.20%
- 6M
- 9.99%
- 1Y
- 30.60%
- 3Y*
- 13.73%
- 5Y*
- 5.65%
- 10Y*
- 9.23%
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CES1.L vs. EIMI.L - Expense Ratio Comparison
CES1.L has a 0.58% expense ratio, which is higher than EIMI.L's 0.18% expense ratio.
Return for Risk
CES1.L vs. EIMI.L — Risk / Return Rank
CES1.L
EIMI.L
CES1.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Small Cap UCITS ETF (Acc) (CES1.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.
| CES1.L | EIMI.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.49 | 1.75 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.98 | 2.31 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.96 | -1.04 |
Martin ratioReturn relative to average drawdown | 7.34 | 10.07 | -2.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CES1.L | EIMI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.75 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.35 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.51 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.40 | +0.22 |
Correlation
The correlation between CES1.L and EIMI.L is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CES1.L vs. EIMI.L - Dividend Comparison
Neither CES1.L nor EIMI.L has paid dividends to shareholders.
Drawdowns
CES1.L vs. EIMI.L - Drawdown Comparison
The maximum CES1.L drawdown since its inception was -32.68%, roughly equal to the maximum EIMI.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for CES1.L and EIMI.L.
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Drawdown Indicators
| CES1.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -38.73% | +6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -12.66% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -27.02% | -35.66% | +8.64% |
Max Drawdown (10Y)Largest decline over 10 years | -32.68% | -38.73% | +6.05% |
Current DrawdownCurrent decline from peak | -6.57% | -9.03% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -14.21% | +8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 3.47% | -0.41% |
Volatility
CES1.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares MSCI EMU Small Cap UCITS ETF (Acc) (CES1.L) is 6.61%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.16%. This indicates that CES1.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
| CES1.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 8.16% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 13.29% | -2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 17.39% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 16.13% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 18.19% | -2.25% |