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 10.26%/yr vs 6.43%/yr for ^STOXX. A 0.68 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 24.25% return, which is significantly higher than ^STOXX's 4.25% return. Over the past 10 years, EIMI.L has outperformed ^STOXX with an annualized return of 10.26%, while ^STOXX has yielded a comparatively lower 6.43% annualized return.
EIMI.L
- 1D
- -1.30%
- 1M
- 4.51%
- YTD
- 24.25%
- 6M
- 27.21%
- 1Y
- 49.41%
- 3Y*
- 23.30%
- 5Y*
- 7.61%
- 10Y*
- 10.26%
^STOXX
- 1D
- 0.65%
- 1M
- 1.71%
- YTD
- 4.25%
- 6M
- 7.58%
- 1Y
- 15.27%
- 3Y*
- 13.75%
- 5Y*
- 5.66%
- 10Y*
- 6.43%
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 | 24.25% | 32.16% | 7.36% | 11.03% | -19.67% | -0.65% | 18.80% | 16.37% | -14.17% | 36.95% |
^STOXX STOXX Europe 600 Index | 4.25% | 32.33% | -0.58% | 16.30% | -18.13% | 13.92% | 4.45% | 20.76% | -17.29% | 22.91% |
Correlation
The correlation between EIMI.L and ^STOXX is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014 | 0.68 |
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.
| EIMI.L | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.20 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 1.30 | +2.59 |
| Martin ratioReturn relative to average drawdown | 14.02 | 4.45 | +9.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EIMI.L | ^STOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 1.05 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.32 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.36 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.07 | +0.28 |
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 | -35.50% | -33.96% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | -39.58% | +0.85% |
Current DrawdownCurrent decline from peak | -2.64% | -3.19% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -14.04% | -22.88% | +8.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.40% | +0.12% |
Volatility
EIMI.L vs. ^STOXX - Volatility Comparison
iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a higher volatility of 8.18% compared to STOXX Europe 600 Index (^STOXX) at 4.17%. 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 | 8.18% | 4.17% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.71% | 11.90% | +4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.23% | 14.28% | +4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.31% | 17.24% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 17.55% | +1.60% |
Frequently Asked Questions
EIMI.L and ^STOXX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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