CUSS.L vs. EIMI.L
CUSS.L (iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - CUSS.L is a Small Cap Blend Equities fund tracking the MSCI USA Small Cap ESG Enhanced CTB 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 10 years, CUSS.L returned 10.74%/yr vs 9.25%/yr for EIMI.L. A 0.62 correlation means they provide meaningful diversification when combined. CUSS.L charges 0.43%/yr vs 0.18%/yr for EIMI.L.
Performance
CUSS.L vs. EIMI.L - Performance Comparison
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Returns By Period
In the year-to-date period, CUSS.L achieves a 16.17% return, which is significantly lower than EIMI.L's 18.64% return. Over the past 10 years, CUSS.L has outperformed EIMI.L with an annualized return of 10.74%, while EIMI.L has yielded a comparatively lower 9.25% annualized return.
CUSS.L
- 1D
- -0.63%
- 1M
- -1.86%
- 6M
- 11.10%
- YTD
- 16.17%
- 1Y
- 29.03%
- 3Y*
- 13.99%
- 5Y*
- 7.45%
- 10Y*
- 10.74%
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%
CUSS.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CUSS.L iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc) | 16.17% | 10.15% | 9.80% | 17.73% | -17.15% | 18.55% | 18.55% | 26.39% | -10.90% | 16.10% |
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 CUSS.L and EIMI.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 30, 2014 | 0.62 |
The correlation between CUSS.L and EIMI.L has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
CUSS.L vs. EIMI.L — Risk / Return Rank
CUSS.L
EIMI.L
CUSS.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc) (CUSS.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.
| CUSS.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 2.72 | +1.01 |
| Martin ratioReturn relative to average drawdown | 12.44 | 8.68 | +3.76 |
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Drawdowns
CUSS.L vs. EIMI.L - Drawdown Comparison
The maximum CUSS.L drawdown since its inception was -42.70%, 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 CUSS.L and EIMI.L.
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Drawdown Indicators
| CUSS.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.70% | -38.73% | -3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -12.66% | +4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -27.77% | -17.44% | -10.33% |
Max Drawdown (5Y)Largest decline over 5 years | -28.73% | -33.69% | +4.96% |
Max Drawdown (10Y)Largest decline over 10 years | -42.70% | -38.73% | -3.97% |
Current DrawdownCurrent decline from peak | -3.61% | -7.71% | +4.10% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -13.92% | +6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 3.98% | -1.46% |
Volatility
CUSS.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc) (CUSS.L) is 4.69%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.59%. This indicates that CUSS.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
| CUSS.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 8.59% | -3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.22% | 19.48% | -7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 21.43% | -4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.16% | 18.83% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 19.22% | +1.70% |
CUSS.L vs. EIMI.L - Expense Ratio Comparison
CUSS.L has a 0.43% expense ratio, which is higher than EIMI.L's 0.18% expense ratio.
Dividends
CUSS.L vs. EIMI.L - Dividend Comparison
Neither CUSS.L nor EIMI.L has paid dividends to shareholders.
Frequently Asked Questions
CUSS.L and EIMI.L have a correlation of 0.65, 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 0.43% for CUSS.L.
CUSS.L is categorized as Small Cap Blend Equities, while EIMI.L is Emerging Markets Equities. CUSS.L tracks MSCI USA Small Cap ESG Enhanced CTB Index, while EIMI.L tracks MSCI Emerging Markets Investable Market Index. Their fees differ too: 0.43% for CUSS.L and 0.18% for EIMI.L.
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