DTLA.L vs. EMIM.L

Last updated Jun 14, 2026

DTLA.L (iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - DTLA.L is a Government Bonds fund tracking the ICE US Treasury 20+ Year Index, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, DTLA.L returned -6.37%/yr vs 7.44%/yr for EMIM.L. At a correlation of -0.07, they often move in opposite directions. DTLA.L charges 0.07%/yr vs 0.18%/yr for EMIM.L.

Performance

DTLA.L vs. EMIM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DTLA.L is traded in USD, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DTLA.L achieves a -0.86% return, which is significantly lower than EMIM.L's 22.27% return.

DTLA.L

• 1D: 0.44%
• 1M: 1.10%
• YTD: -0.86%
• 6M: 0.88%
• 1Y: 4.30%
• 3Y*: -1.20%
• 5Y*: -6.37%
• 10Y*: —

EMIM.L

• 1D: 2.68%
• 1M: 0.97%
• YTD: 22.27%
• 6M: 25.64%
• 1Y: 45.13%
• 3Y*: 21.50%
• 5Y*: 7.44%
• 10Y*: 10.56%

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

DTLA.L vs. EMIM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)	-0.86%	4.49%	-6.90%	1.69%	-30.29%	-4.46%	17.00%	15.69%	3.65%
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	22.27%	32.66%	7.36%	10.47%	-19.77%	-0.17%	18.43%	17.21%	-12.98%

Correlation

The correlation between DTLA.L and EMIM.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since May 10, 2018	-0.07

The correlation between DTLA.L and EMIM.L shifts across timeframes, from -0.07 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DTLA.L vs. EMIM.L — Risk / Return Rank

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

DTLA.L

DTLA.L Risk / Return Rank: 15
DTLA.L Sharpe Ratio Rank: 15
DTLA.L Sortino Ratio Rank: 14
DTLA.L Omega Ratio Rank: 13
DTLA.L Calmar Ratio Rank: 15
DTLA.L Martin Ratio Rank: 15

EMIM.L

EMIM.L Risk / Return Rank: 86
EMIM.L Sharpe Ratio Rank: 89
EMIM.L Sortino Ratio Rank: 86
EMIM.L Omega Ratio Rank: 89
EMIM.L Calmar Ratio Rank: 85
EMIM.L Martin Ratio Rank: 82

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.

DTLA.L vs. EMIM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.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.

	DTLA.L	EMIM.L	Difference
Sharpe ratio: Return per unit of total volatility	0.34	2.20	-1.86
Sortino ratio: Return per unit of downside risk	0.55	2.94	-2.38
Omega ratio: Gain probability vs. loss probability	1.06	1.40	-0.34
Calmar ratio: Return relative to maximum drawdown	0.45	3.28	-2.83
Martin ratio: Return relative to average drawdown	1.12	11.64	-10.52

DTLA.L vs. EMIM.L - Sharpe Ratio Comparison

The current DTLA.L Sharpe Ratio is 0.34, which is lower than the EMIM.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of DTLA.L and EMIM.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.

Drawdowns

DTLA.L vs. EMIM.L - Drawdown Comparison

The maximum DTLA.L drawdown since its inception was -48.41%, which is greater than EMIM.L's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for DTLA.L and EMIM.L.

Drawdown Indicators

	DTLA.L	EMIM.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.41%	-39.32%	-9.09%
Max Drawdown (1Y) Largest decline over 1 year	-7.50%	-12.93%	+5.43%
Max Drawdown (3Y) Largest decline over 3 years	-18.57%	-17.29%	-1.28%
Max Drawdown (5Y) Largest decline over 5 years	-42.80%	-35.46%	-7.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.32%	—
Current Drawdown Current decline from peak	-40.40%	-3.99%	-36.41%
Average Drawdown Average peak-to-trough decline	-24.06%	-13.99%	-10.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	3.65%	-0.65%

Volatility

DTLA.L vs. EMIM.L - Volatility Comparison

The current volatility for iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) is 3.33%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 8.11%. This indicates that DTLA.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.

Volatility by Period

	DTLA.L	EMIM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	8.11%	-4.78%
Volatility (6M) Calculated over the trailing 6-month period	6.74%	16.75%	-10.01%
Volatility (1Y) Calculated over the trailing 1-year period	10.03%	19.29%	-9.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	18.40%	-3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.79%	19.28%	-4.49%

DTLA.L vs. EMIM.L - Expense Ratio Comparison

DTLA.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

DTLA.L vs. EMIM.L - Dividend Comparison

Neither DTLA.L nor EMIM.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DTLA.L and EMIM.L in my portfolio?

DTLA.L and EMIM.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DTLA.L or EMIM.L?

On fees, DTLA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DTLA.L or EMIM.L?

DTLA.L is cheaper with a 0.07% expense ratio, compared with 0.18% for EMIM.L.

What is the main difference between DTLA.L and EMIM.L?

DTLA.L is categorized as Government Bonds, while EMIM.L is Emerging Markets Equities. DTLA.L tracks ICE US Treasury 20+ Year Index, while EMIM.L tracks MSCI EM NR USD. Their fees differ too: 0.07% for DTLA.L and 0.18% for EMIM.L.