EIMI.L vs. ^STOXX
EIMI.L (iShares Core MSCI EM IMI UCITS ETF) is Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, EIMI.L returned 9.25%/yr vs 7.00%/yr for ^STOXX. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
EIMI.L vs. ^STOXX - Performance Comparison
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Different Trading Currencies
EIMI.L is traded in USD, while ^STOXX is traded in EUR. To make them comparable, the ^STOXX values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EIMI.L achieves a 18.64% return, which is significantly higher than ^STOXX's 5.30% return. Over the past 10 years, EIMI.L has outperformed ^STOXX with an annualized return of 9.25%, while ^STOXX has yielded a comparatively lower 7.00% annualized return.
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%
^STOXX
- 1D
- 0.53%
- 1M
- -0.26%
- 6M
- 2.97%
- YTD
- 5.30%
- 1Y
- 15.98%
- 3Y*
- 12.34%
- 5Y*
- 6.36%
- 10Y*
- 7.00%
EIMI.L vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
^STOXX STOXX Europe 600 Index | 5.30% | 32.56% | -0.63% | 16.30% | -17.85% | 12.47% | 5.57% | 21.16% | -17.67% | 22.91% |
Correlation
The correlation between EIMI.L and ^STOXX 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 | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 30, 2014 | 0.67 |
The correlation between EIMI.L and ^STOXX has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.
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Return for Risk
EIMI.L vs. ^STOXX — Risk / Return Rank
EIMI.L
^STOXX
EIMI.L vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EM IMI UCITS ETF (EIMI.L) and STOXX Europe 600 Index (^STOXX). 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.
| EIMI.L | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 1.30 | +1.42 |
| Martin ratioReturn relative to average drawdown | 8.68 | 4.34 | +4.34 |
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Drawdowns
EIMI.L vs. ^STOXX - Drawdown Comparison
The maximum EIMI.L drawdown since its inception was -38.73%, smaller than the maximum ^STOXX drawdown of -64.60%. Use the drawdown chart below to compare losses from any high point for EIMI.L and ^STOXX.
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Drawdown Indicators
| EIMI.L | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.73% | -64.60% | +25.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -11.59% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.44% | -15.22% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -33.69% | -33.96% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | -39.58% | +0.85% |
Current DrawdownCurrent decline from peak | -7.71% | -2.10% | -5.61% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -22.93% | +9.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 3.48% | +0.50% |
Volatility
EIMI.L vs. ^STOXX - Volatility Comparison
iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a higher volatility of 8.59% compared to STOXX Europe 600 Index (^STOXX) at 3.76%. This indicates that EIMI.L's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIMI.L | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 3.76% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 19.48% | 12.31% | +7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.43% | 14.60% | +6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.83% | 17.50% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 17.26% | +1.96% |
Frequently Asked Questions
EIMI.L and ^STOXX 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.
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