CUKX.L vs. EMIM.L
CUKX.L (iShares FTSE 100 UCITS ETF) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - CUKX.L is a fund fund tracking the FTSE 100 Index, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, CUKX.L returned 9.82%/yr vs 11.13%/yr for EMIM.L. A 0.62 correlation means they provide meaningful diversification when combined. CUKX.L charges 0.07%/yr vs 0.18%/yr for EMIM.L.
Performance
CUKX.L vs. EMIM.L - Performance Comparison
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Returns By Period
In the year-to-date period, CUKX.L achieves a 7.04% return, which is significantly lower than EMIM.L's 22.83% return. Over the past 10 years, CUKX.L has underperformed EMIM.L with an annualized return of 9.82%, while EMIM.L has yielded a comparatively higher 11.13% annualized return.
CUKX.L
- 1D
- 1.55%
- 1M
- 1.52%
- YTD
- 7.04%
- 6M
- 10.02%
- 1Y
- 21.65%
- 3Y*
- 15.22%
- 5Y*
- 11.77%
- 10Y*
- 9.82%
EMIM.L
- 1D
- 2.84%
- 1M
- 1.78%
- YTD
- 22.83%
- 6M
- 25.36%
- 1Y
- 44.91%
- 3Y*
- 19.09%
- 5Y*
- 8.57%
- 10Y*
- 11.13%
CUKX.L vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CUKX.L iShares FTSE 100 UCITS ETF | 7.04% | 25.78% | 9.30% | 7.72% | 4.97% | 17.48% | -11.28% | 17.23% | -9.05% | 12.45% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 22.83% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | -9.32% | 24.72% |
Correlation
The correlation between CUKX.L and EMIM.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.62 |
Over the past year, the correlation between CUKX.L and EMIM.L has dropped to 0.41 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
CUKX.L vs. EMIM.L — Risk / Return Rank
CUKX.L
EMIM.L
CUKX.L vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares FTSE 100 UCITS ETF (CUKX.L) 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.
| CUKX.L | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.49 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 4.09 | -1.67 |
| Martin ratioReturn relative to average drawdown | 7.99 | 14.02 | -6.02 |
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Drawdowns
CUKX.L vs. EMIM.L - Drawdown Comparison
The maximum CUKX.L drawdown since its inception was -34.50%, which is greater than EMIM.L's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for CUKX.L and EMIM.L.
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Drawdown Indicators
| CUKX.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -31.70% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -10.92% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -12.88% | -15.56% | +2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -12.88% | -21.98% | +9.10% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -26.46% | -8.04% |
Current DrawdownCurrent decline from peak | -3.09% | -3.48% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -8.70% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 3.20% | -0.50% |
Volatility
CUKX.L vs. EMIM.L - Volatility Comparison
The current volatility for iShares FTSE 100 UCITS ETF (CUKX.L) is 3.63%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.38%. This indicates that CUKX.L experiences smaller price fluctuations and is considered to be less risky 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
| CUKX.L | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 7.38% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 14.94% | -5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 17.33% | -6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.73% | 15.97% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 17.86% | -2.78% |
CUKX.L vs. EMIM.L - Expense Ratio Comparison
CUKX.L has a 0.07% expense ratio, which is lower than EMIM.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CUKX.L vs. EMIM.L - Dividend Comparison
Neither CUKX.L nor EMIM.L has paid dividends to shareholders.
Frequently Asked Questions
CUKX.L and EMIM.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CUKX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CUKX.L is cheaper with a 0.07% expense ratio, compared with 0.18% for EMIM.L.
CUKX.L tracks FTSE 100 Index, while EMIM.L tracks MSCI EM NR USD. Their fees differ too: 0.07% for CUKX.L and 0.18% for EMIM.L.
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