PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
E127.L vs. EMV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

E127.L vs. EMV.L

Last updated Jun 5, 2026

E127.L (Amundi MSCI Emerging Markets II UCITS ETF Dist) and EMV.L (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from Amundi and iShares respectively. Both are passively managed. Over the past 5 years, E127.L returned 9.22%/yr vs 6.63%/yr for EMV.L. Their correlation of 0.84 suggests significant overlap in exposure. E127.L charges 0.14%/yr vs 0.40%/yr for EMV.L.

Performance

E127.L vs. EMV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

E127.L is traded in GBP, while EMV.L is traded in GBp. To make them comparable, the EMV.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, E127.L achieves a 26.18% return, which is significantly higher than EMV.L's 17.59% return.

E127.L

1D
-1.40%
1M
6.35%
YTD
26.18%
6M
28.72%
1Y
54.75%
3Y*
21.77%
5Y*
9.22%
10Y*
—

EMV.L

1D
-1.01%
1M
5.53%
YTD
17.59%
6M
17.45%
1Y
26.13%
3Y*
11.29%
5Y*
6.63%
10Y*
7.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

E127.L vs. EMV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
E127.L
Amundi MSCI Emerging Markets II UCITS ETF Dist		26.18%25.81%10.12%3.48%-9.65%-1.28%23.50%
EMV.L
iShares Edge MSCI EM Minimum Volatility UCITS ETF		17.59%5.04%10.84%1.45%-4.20%5.93%11.05%

Correlation

The correlation between E127.L and EMV.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.84

The correlation between E127.L and EMV.L has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

E127.L vs. EMV.L - Sectors Allocation Comparison

Sectors
E127.L
EMV.L

Technology

36.9%
32.4%

Financial Services

19.5%
18.9%

Consumer Cyclical

9.6%
6.7%

Industrials

7.5%
6.2%

Communication Services

6.9%
11.0%

Basic Materials

6.6%
2.9%

Energy

4.1%
3.6%

Consumer Defensive

3.0%
6.9%

Healthcare

2.9%
6.1%

Utilities

2.1%
4.7%

Real Estate

1.0%
0.6%

Technology

E127.L
36.9%
EMV.L
32.4%

Financial Services

E127.L
19.5%
EMV.L
18.9%

Consumer Cyclical

E127.L
9.6%
EMV.L
6.7%

Industrials

E127.L
7.5%
EMV.L
6.2%

Communication Services

E127.L
6.9%
EMV.L
11.0%

Basic Materials

E127.L
6.6%
EMV.L
2.9%

Energy

E127.L
4.1%
EMV.L
3.6%

Consumer Defensive

E127.L
3.0%
EMV.L
6.9%

Healthcare

E127.L
2.9%
EMV.L
6.1%

Utilities

E127.L
2.1%
EMV.L
4.7%

Real Estate

E127.L
1.0%
EMV.L
0.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Amundi MSCI Emerging Markets II UCITS ETF Dist

iShares Edge MSCI EM Minimum Volatility UCITS ETF

Often compared with E127.L:
E127.L vs. SPXP.LE127.L vs. AEMU.LE127.L vs. FEMD.LE127.L vs. SEGM.LE127.L vs. MXFP.LE127.L vs. AEME.LE127.L vs. HEMC.L
Often compared with EMV.L:
EMV.L vs. CEA1.LEMV.L vs. EMIM.LEMV.L vs. NDIA.LEMV.L vs. XDEQ.LEMV.L vs. FEMQ.LEMV.L vs. ZEM.TOEMV.L vs. MXFP.L

Return for Risk

E127.L vs. EMV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
E127.L
E127.L Risk / Return Rank: 9090
Overall Rank
E127.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
E127.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
E127.L Omega Ratio Rank: 9292
Omega Ratio Rank
E127.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
E127.L Martin Ratio Rank: 8686
Martin Ratio Rank
EMV.L
EMV.L Risk / Return Rank: 6969
Overall Rank
EMV.L Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
EMV.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
EMV.L Omega Ratio Rank: 7474
Omega Ratio Rank
EMV.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
EMV.L Martin Ratio Rank: 6262
Martin Ratio Rank
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.

E127.L vs. EMV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.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.

E127.LEMV.LDifference
Sharpe ratioReturn per unit of total volatility
3.25
2.29

+0.96

Sortino ratioReturn per unit of downside risk
4.14
3.17

+0.97

Omega ratioGain probability vs. loss probability

1.60

1.43

+0.17

Calmar ratioReturn relative to maximum drawdown

5.04

3.28

+1.75

Martin ratioReturn relative to average drawdown

18.09

11.15

+6.94

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

E127.L vs. EMV.L - Sharpe Ratio Comparison

The current E127.L Sharpe Ratio is 3.25, which is higher than the EMV.L Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of E127.L and EMV.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.

Loading charts...

Sharpe Ratios by Period

E127.LEMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.25

2.29

+0.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.57

0.61

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.54

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.41

+0.34

Drawdowns

E127.L vs. EMV.L - Drawdown Comparison

The maximum E127.L drawdown since its inception was -26.68%, smaller than the maximum EMV.L drawdown of -28.68%. Use the drawdown chart below to compare losses from any high point for E127.L and EMV.L.

Loading charts...

Drawdown Indicators

E127.LEMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.68%

-28.68%

+2.00%

Max Drawdown (1Y)

Largest decline over 1 year

-10.82%

-7.93%

-2.89%

Max Drawdown (3Y)

Largest decline over 3 years

-15.31%

-11.19%

-4.12%

Max Drawdown (5Y)

Largest decline over 5 years

-22.89%

-11.19%

-11.70%

Max Drawdown (10Y)

Largest decline over 10 years

—

-22.59%

—

Current Drawdown

Current decline from peak

-2.33%

-1.54%

-0.79%

Average Drawdown

Average peak-to-trough decline

-10.34%

-5.90%

-4.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

2.34%

+0.68%

Volatility

E127.L vs. EMV.L - Volatility Comparison

Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) has a higher volatility of 7.32% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L) at 4.60%. This indicates that E127.L's price experiences larger fluctuations and is considered to be riskier than EMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

E127.LEMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.32%

4.60%

+2.72%

Volatility (6M)

Calculated over the trailing 6-month period

14.30%

9.74%

+4.56%

Volatility (1Y)

Calculated over the trailing 1-year period

16.79%

11.37%

+5.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.18%

10.94%

+5.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.39%

13.28%

+3.11%

E127.L vs. EMV.L - Expense Ratio Comparison

E127.L has a 0.14% expense ratio, which is lower than EMV.L's 0.40% expense ratio.

Dividends

E127.L vs. EMV.L - Dividend Comparison

E127.L's dividend yield for the trailing twelve months is around 1.96%, while EMV.L has not paid dividends to shareholders.

PositionTTM20252024202320222021
E127.L
Amundi MSCI Emerging Markets II UCITS ETF Dist		1.96%2.47%4.04%4.40%2.79%2.25%
EMV.L
iShares Edge MSCI EM Minimum Volatility UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

E127.L and EMV.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, E127.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

E127.L is cheaper with a 0.14% expense ratio, compared with 0.40% for EMV.L.

Both ETFs track MSCI EM NR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for E127.L and 0.40% for EMV.L.

Portfolio Optimizer

Find the right allocation for E127.L and EMV.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer