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EGDM.L vs. EMHD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EGDM.L vs. EMHD.L

Last updated Jun 5, 2026

EGDM.L (iShares MSCI EM ESG Enhanced UCITS ETF USD (Dist)) and EMHD.L (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist) are both Emerging Markets Equities funds - EGDM.L tracks the MSCI EM NR USD while EMHD.L tracks the FTSE Emerging High Dividend Low Volatility Net Tax Index. Both are passively managed. Over the past 5 years, EGDM.L returned 7.74%/yr vs 6.82%/yr for EMHD.L. A 0.66 correlation means they provide meaningful diversification when combined. EGDM.L charges 0.18%/yr vs 0.49%/yr for EMHD.L.

Performance

EGDM.L vs. EMHD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI EM ESG Enhanced UCITS ETF USD (Dist) (EGDM.L) and Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EGDM.L is traded in GBP, while EMHD.L is traded in USD. To make them comparable, the EMHD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, EGDM.L achieves a 25.08% return, which is significantly higher than EMHD.L's 8.56% return.

EGDM.L

1D
-1.60%
1M
6.55%
YTD
25.08%
6M
26.80%
1Y
51.52%
3Y*
20.30%
5Y*
7.74%
10Y*
—

EMHD.L

1D
-0.03%
1M
-3.08%
YTD
8.56%
6M
6.60%
1Y
25.56%
3Y*
12.09%
5Y*
6.82%
10Y*
7.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EGDM.L vs. EMHD.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
EGDM.L
iShares MSCI EM ESG Enhanced UCITS ETF USD (Dist)		25.08%26.25%8.50%2.10%-12.36%-1.65%15.68%2.53%
EMHD.L
Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist		8.56%17.89%4.06%5.34%-7.42%14.77%-9.59%2.21%

Correlation

The correlation between EGDM.L and EMHD.L is 0.50, 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

0.50

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

0.63

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

0.62

Correlation (All Time)
Calculated using the full available price history since Nov 25, 2019

0.66

The correlation between EGDM.L and EMHD.L shifts across timeframes, from 0.50 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

EGDM.L vs. EMHD.L - Sectors Allocation Comparison

Sectors
EGDM.L
EMHD.L

Technology

43.1%
3.2%

Financial Services

17.9%
23.6%

Consumer Cyclical

8.6%
7.4%

Industrials

7.0%
10.7%

Communication Services

6.3%
6.0%

Basic Materials

5.5%
5.7%

Energy

3.4%
18.9%

Consumer Defensive

2.7%
6.7%

Healthcare

2.6%
1.7%

Utilities

1.7%
11.7%

Real Estate

1.3%
4.4%

Technology

EGDM.L
43.1%
EMHD.L
3.2%

Financial Services

EGDM.L
17.9%
EMHD.L
23.6%

Consumer Cyclical

EGDM.L
8.6%
EMHD.L
7.4%

Industrials

EGDM.L
7.0%
EMHD.L
10.7%

Communication Services

EGDM.L
6.3%
EMHD.L
6.0%

Basic Materials

EGDM.L
5.5%
EMHD.L
5.7%

Energy

EGDM.L
3.4%
EMHD.L
18.9%

Consumer Defensive

EGDM.L
2.7%
EMHD.L
6.7%

Healthcare

EGDM.L
2.6%
EMHD.L
1.7%

Utilities

EGDM.L
1.7%
EMHD.L
11.7%

Real Estate

EGDM.L
1.3%
EMHD.L
4.4%

Compare stocks, funds, or ETFs

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iShares MSCI EM ESG Enhanced UCITS ETF USD (Dist)

Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist

Often compared with EGDM.L:
EGDM.L vs. VFEM.LEGDM.L vs. FEMQ.LEGDM.L vs. CNDX.LEGDM.L vs. IUIT.LEGDM.L vs. EXCS.LEGDM.L vs. HDEM.LEGDM.L vs. EIMI.L
Often compared with EMHD.L:
EMHD.L vs. WTEI.DEEMHD.L vs. SDIP.LEMHD.L vs. JEPG.LEMHD.L vs. EFVEMHD.L vs. DGRWEMHD.L vs. UDVD.LEMHD.L vs. LGGE.DE

Return for Risk

EGDM.L vs. EMHD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EGDM.L
EGDM.L Risk / Return Rank: 8787
Overall Rank
EGDM.L Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
EGDM.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
EGDM.L Omega Ratio Rank: 9090
Omega Ratio Rank
EGDM.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
EGDM.L Martin Ratio Rank: 8181
Martin Ratio Rank
EMHD.L
EMHD.L Risk / Return Rank: 6363
Overall Rank
EMHD.L Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
EMHD.L Sortino Ratio Rank: 6464
Sortino Ratio Rank
EMHD.L Omega Ratio Rank: 5555
Omega Ratio Rank
EMHD.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
EMHD.L Martin Ratio Rank: 6161
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.

EGDM.L vs. EMHD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ESG Enhanced UCITS ETF USD (Dist) (EGDM.L) and Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.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.

EGDM.LEMHD.LDifference
Sharpe ratioReturn per unit of total volatility
3.05
2.12

+0.93

Sortino ratioReturn per unit of downside risk
3.92
3.07

+0.85

Omega ratioGain probability vs. loss probability

1.56

1.37

+0.19

Calmar ratioReturn relative to maximum drawdown

4.47

4.39

+0.09

Martin ratioReturn relative to average drawdown

15.88

12.40

+3.49

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

EGDM.L vs. EMHD.L - Sharpe Ratio Comparison

The current EGDM.L Sharpe Ratio is 3.05, which is higher than the EMHD.L Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of EGDM.L and EMHD.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

EGDM.LEMHD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.05

2.12

+0.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.48

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.48

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.50

+0.02

Drawdowns

EGDM.L vs. EMHD.L - Drawdown Comparison

The maximum EGDM.L drawdown since its inception was -28.27%, smaller than the maximum EMHD.L drawdown of -32.35%. Use the drawdown chart below to compare losses from any high point for EGDM.L and EMHD.L.

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Drawdown Indicators

EGDM.LEMHD.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.27%

-32.35%

+4.08%

Max Drawdown (1Y)

Largest decline over 1 year

-11.46%

-5.78%

-5.68%

Max Drawdown (3Y)

Largest decline over 3 years

-15.33%

-12.07%

-3.26%

Max Drawdown (5Y)

Largest decline over 5 years

-25.09%

-18.33%

-6.76%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.35%

—

Current Drawdown

Current decline from peak

-2.51%

-3.87%

+1.36%

Average Drawdown

Average peak-to-trough decline

-12.18%

-6.99%

-5.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.23%

2.05%

+1.18%

Volatility

EGDM.L vs. EMHD.L - Volatility Comparison

iShares MSCI EM ESG Enhanced UCITS ETF USD (Dist) (EGDM.L) has a higher volatility of 7.45% compared to Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L) at 3.57%. This indicates that EGDM.L's price experiences larger fluctuations and is considered to be riskier than EMHD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EGDM.LEMHD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.45%

3.57%

+3.88%

Volatility (6M)

Calculated over the trailing 6-month period

14.40%

9.04%

+5.36%

Volatility (1Y)

Calculated over the trailing 1-year period

16.85%

11.95%

+4.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.15%

14.16%

+1.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.01%

16.69%

+1.32%

EGDM.L vs. EMHD.L - Expense Ratio Comparison

EGDM.L has a 0.18% expense ratio, which is lower than EMHD.L's 0.49% expense ratio.

Dividends

EGDM.L vs. EMHD.L - Dividend Comparison

EGDM.L's dividend yield for the trailing twelve months is around 1.51%, less than EMHD.L's 4.89% yield.

PositionTTM2025202420232022202120202019201820172016
EGDM.L
iShares MSCI EM ESG Enhanced UCITS ETF USD (Dist)		1.51%1.88%2.34%2.37%2.55%1.96%1.62%0.05%0.00%0.00%0.00%
EMHD.L
Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist		4.89%5.17%5.78%5.99%9.02%6.08%4.02%5.04%5.51%4.92%2.37%

Frequently Asked Questions

EGDM.L and EMHD.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EGDM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EGDM.L is cheaper with a 0.18% expense ratio, compared with 0.49% for EMHD.L.

EGDM.L tracks MSCI EM NR USD, while EMHD.L tracks FTSE Emerging High Dividend Low Volatility Net Tax Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for EGDM.L and 0.49% for EMHD.L.

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