EIMI.L vs. AVEM
Compare and contrast key facts about iShares Core MSCI EM IMI UCITS ETF (EIMI.L) and Avantis Emerging Markets Equity ETF (AVEM).
EIMI.L and AVEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EIMI.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on May 30, 2014. AVEM is a passively managed fund by American Century Investments that tracks the performance of the MSCI Emerging Markets Index. It was launched on Sep 17, 2019. Both EIMI.L and AVEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIMI.L or AVEM.
Performance
EIMI.L vs. AVEM - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with EIMI.L having a 7.74% return and AVEM slightly higher at 7.91%.
EIMI.L
7.74%
-6.39%
-1.10%
12.92%
3.79%
3.50%
AVEM
7.91%
-6.34%
-2.51%
13.37%
5.43%
N/A
Key characteristics
| EIMI.L | AVEM | |
|---|---|---|
| Sharpe Ratio | 0.87 | 0.81 |
| Sortino Ratio | 1.34 | 1.21 |
| Omega Ratio | 1.16 | 1.15 |
| Calmar Ratio | 0.50 | 0.71 |
| Martin Ratio | 4.38 | 4.11 |
| Ulcer Index | 2.95% | 3.12% |
| Daily Std Dev | 14.94% | 15.77% |
| Max Drawdown | -38.73% | -36.05% |
| Current Drawdown | -14.80% | -8.84% |
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EIMI.L vs. AVEM - Expense Ratio Comparison
EIMI.L has a 0.18% expense ratio, which is lower than AVEM's 0.33% expense ratio.
Correlation
The correlation between EIMI.L and AVEM is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
EIMI.L vs. AVEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EM IMI UCITS ETF (EIMI.L) and Avantis Emerging Markets Equity ETF (AVEM). 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.
Dividends
EIMI.L vs. AVEM - Dividend Comparison
EIMI.L has not paid dividends to shareholders, while AVEM's dividend yield for the trailing twelve months is around 2.84%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AVEM Avantis Emerging Markets Equity ETF | 2.84% | 3.06% | 2.77% | 2.61% | 1.60% | 0.35% |
Drawdowns
EIMI.L vs. AVEM - Drawdown Comparison
The maximum EIMI.L drawdown since its inception was -38.73%, which is greater than AVEM's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for EIMI.L and AVEM. For additional features, visit the drawdowns tool.
Volatility
EIMI.L vs. AVEM - Volatility Comparison
iShares Core MSCI EM IMI UCITS ETF (EIMI.L) and Avantis Emerging Markets Equity ETF (AVEM) have volatilities of 4.86% and 4.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.