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EEI.L vs. EMID.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EEI.L vs. EMID.L

Last updated Jun 5, 2026

EEI.L (WisdomTree Europe Equity Income UCITS ETF) and EMID.L (iShares MSCI Europe Mid Cap UCITS ETF) are both Europe Equities funds - EEI.L tracks the MSCI Europe High Div Yld NR EUR while EMID.L tracks the MSCI Europe SMID NR EUR. Both are passively managed. Over the past 5 years, EEI.L returned 6.38%/yr vs 7.67%/yr for EMID.L. A 0.77 correlation means they provide meaningful diversification when combined. EEI.L charges 0.29%/yr vs 0.15%/yr for EMID.L.

Performance

EEI.L vs. EMID.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Europe Equity Income UCITS ETF (EEI.L) and iShares MSCI Europe Mid Cap UCITS ETF (EMID.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EEI.L is traded in GBp, while EMID.L is traded in EUR. To make them comparable, the EMID.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, EEI.L achieves a 10.61% return, which is significantly higher than EMID.L's 7.17% return.

EEI.L

1D
-0.21%
1M
1.61%
YTD
10.61%
6M
13.56%
1Y
22.61%
3Y*
10.39%
5Y*
6.38%
10Y*
4.18%

EMID.L

1D
0.41%
1M
1.77%
YTD
7.17%
6M
9.68%
1Y
19.05%
3Y*
15.43%
5Y*
7.67%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EEI.L vs. EMID.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EEI.L
WisdomTree Europe Equity Income UCITS ETF		10.61%26.84%-7.65%5.93%0.84%5.79%-16.98%9.05%-10.50%1.14%
EMID.L
iShares MSCI Europe Mid Cap UCITS ETF		7.17%29.35%4.34%11.78%-14.12%14.17%9.99%22.21%-12.05%4.65%

Correlation

The correlation between EEI.L and EMID.L is 0.74, 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

0.74

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

0.79

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

0.75

Correlation (All Time)
Calculated using the full available price history since Jun 7, 2017

0.77

The correlation between EEI.L and EMID.L has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.

EEI.L vs. EMID.L - Sectors Allocation Comparison

Sectors
EEI.L
EMID.L

Financial Services

24.7%
21.4%

Utilities

16.7%
6.0%

Industrials

15.3%
26.4%

Energy

11.6%
3.7%

Communication Services

8.6%
6.7%

Basic Materials

8.3%
6.2%

Real Estate

4.8%
3.9%

Consumer Cyclical

3.3%
7.2%

Healthcare

2.8%
8.0%

Consumer Defensive

2.3%
7.3%

Technology

1.5%
3.1%

Financial Services

EEI.L
24.7%
EMID.L
21.4%

Utilities

EEI.L
16.7%
EMID.L
6.0%

Industrials

EEI.L
15.3%
EMID.L
26.4%

Energy

EEI.L
11.6%
EMID.L
3.7%

Communication Services

EEI.L
8.6%
EMID.L
6.7%

Basic Materials

EEI.L
8.3%
EMID.L
6.2%

Real Estate

EEI.L
4.8%
EMID.L
3.9%

Consumer Cyclical

EEI.L
3.3%
EMID.L
7.2%

Healthcare

EEI.L
2.8%
EMID.L
8.0%

Consumer Defensive

EEI.L
2.3%
EMID.L
7.3%

Technology

EEI.L
1.5%
EMID.L
3.1%

Compare stocks, funds, or ETFs

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

WisdomTree Europe Equity Income UCITS ETF

iShares MSCI Europe Mid Cap UCITS ETF

Often compared with EEI.L:
EEI.L vs. EEIP.LEEI.L vs. FEUI.LEEI.L vs. FEQD.LEEI.L vs. FEUQ.DEEEI.L vs. IUKD.LEEI.L vs. SDUE.LEEI.L vs. BTCW
Often compared with EMID.L:
EMID.L vs. ZPDX.DEEMID.L vs. IMV.LEMID.L vs. LCPE.LEMID.L vs. EEIP.LEMID.L vs. EQDS.LEMID.L vs. ISAC.LEMID.L vs. IITU.L

Return for Risk

EEI.L vs. EMID.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EEI.L
EEI.L Risk / Return Rank: 6060
Overall Rank
EEI.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
EEI.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
EEI.L Omega Ratio Rank: 6464
Omega Ratio Rank
EEI.L Calmar Ratio Rank: 5656
Calmar Ratio Rank
EEI.L Martin Ratio Rank: 6060
Martin Ratio Rank
EMID.L
EMID.L Risk / Return Rank: 4040
Overall Rank
EMID.L Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
EMID.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
EMID.L Omega Ratio Rank: 3939
Omega Ratio Rank
EMID.L Calmar Ratio Rank: 3939
Calmar Ratio Rank
EMID.L Martin Ratio Rank: 4444
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.

EEI.L vs. EMID.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Equity Income UCITS ETF (EEI.L) and iShares MSCI Europe Mid Cap UCITS ETF (EMID.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.

EEI.LEMID.LDifference
Sharpe ratioReturn per unit of total volatility
2.07
1.62

+0.45

Sortino ratioReturn per unit of downside risk
2.72
2.23

+0.49

Omega ratioGain probability vs. loss probability

1.38

1.30

+0.08

Calmar ratioReturn relative to maximum drawdown

2.71

2.00

+0.71

Martin ratioReturn relative to average drawdown

10.53

7.39

+3.13

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

EEI.L vs. EMID.L - Sharpe Ratio Comparison

The current EEI.L Sharpe Ratio is 2.07, which is comparable to the EMID.L Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of EEI.L and EMID.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.

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Sharpe Ratios by Period

EEI.LEMID.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.07

1.62

+0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.46

0.51

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.27

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.49

-0.28

Drawdowns

EEI.L vs. EMID.L - Drawdown Comparison

The maximum EEI.L drawdown since its inception was -37.68%, which is greater than EMID.L's maximum drawdown of -30.59%. Use the drawdown chart below to compare losses from any high point for EEI.L and EMID.L.

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Drawdown Indicators

EEI.LEMID.LDifference

Max Drawdown

Largest peak-to-trough decline

-37.68%

-30.59%

-7.09%

Max Drawdown (1Y)

Largest decline over 1 year

-8.29%

-9.46%

+1.17%

Max Drawdown (3Y)

Largest decline over 3 years

-14.75%

-12.55%

-2.20%

Max Drawdown (5Y)

Largest decline over 5 years

-17.71%

-26.23%

+8.52%

Max Drawdown (10Y)

Largest decline over 10 years

-37.68%

—

—

Current Drawdown

Current decline from peak

-0.98%

-1.17%

+0.19%

Average Drawdown

Average peak-to-trough decline

-11.38%

-6.17%

-5.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

2.57%

-0.43%

Volatility

EEI.L vs. EMID.L - Volatility Comparison

The current volatility for WisdomTree Europe Equity Income UCITS ETF (EEI.L) is 3.45%, while iShares MSCI Europe Mid Cap UCITS ETF (EMID.L) has a volatility of 3.99%. This indicates that EEI.L experiences smaller price fluctuations and is considered to be less risky than EMID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EEI.LEMID.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.45%

3.99%

-0.54%

Volatility (6M)

Calculated over the trailing 6-month period

8.55%

9.68%

-1.13%

Volatility (1Y)

Calculated over the trailing 1-year period

10.89%

11.73%

-0.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.75%

15.15%

-1.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.52%

16.04%

-0.52%

EEI.L vs. EMID.L - Expense Ratio Comparison

EEI.L has a 0.29% expense ratio, which is higher than EMID.L's 0.15% expense ratio.

Dividends

EEI.L vs. EMID.L - Dividend Comparison

EEI.L's dividend yield for the trailing twelve months is around 0.05%, less than EMID.L's 2.57% yield.

PositionTTM20252024202320222021202020192018201720162015
EEI.L
WisdomTree Europe Equity Income UCITS ETF		0.05%0.05%0.07%0.06%0.05%0.05%0.06%0.06%0.05%0.04%0.03%0.04%
EMID.L
iShares MSCI Europe Mid Cap UCITS ETF		2.57%2.78%2.75%2.42%2.61%1.78%1.39%2.33%2.84%0.48%0.00%0.00%

Frequently Asked Questions

EEI.L and EMID.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EMID.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EMID.L is cheaper with a 0.15% expense ratio, compared with 0.29% for EEI.L.

EEI.L tracks MSCI Europe High Div Yld NR EUR, while EMID.L tracks MSCI Europe SMID NR EUR. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.29% for EEI.L and 0.15% for EMID.L.

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