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EIMI.L vs. E127.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EIMI.L vs. E127.L

Last updated Jun 5, 2026

EIMI.L (iShares Core MSCI EM IMI UCITS ETF) and E127.L (Amundi MSCI Emerging Markets II UCITS ETF Dist) are both Emerging Markets Equities funds - EIMI.L tracks the MSCI Emerging Markets Investable Market Index while E127.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, EIMI.L returned 7.61%/yr vs 8.07%/yr for E127.L. Their correlation of 0.94 suggests significant overlap in exposure. EIMI.L charges 0.18%/yr vs 0.14%/yr for E127.L.

Performance

EIMI.L vs. E127.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI EM IMI UCITS ETF (EIMI.L) and Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EIMI.L is traded in USD, while E127.L is traded in GBP. To make them comparable, the E127.L 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 lower than E127.L's 25.87% 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%

E127.L

1D
-1.35%
1M
5.44%
YTD
25.87%
6M
29.68%
1Y
53.28%
3Y*
24.91%
5Y*
8.07%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EIMI.L vs. E127.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
EIMI.L
iShares Core MSCI EM IMI UCITS ETF		24.25%32.16%7.36%11.03%-19.67%-0.65%41.52%
E127.L
Amundi MSCI Emerging Markets II UCITS ETF Dist		25.87%35.30%8.29%8.93%-19.31%-2.18%37.86%

Correlation

The correlation between EIMI.L and E127.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.96

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

0.96

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

0.95

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.94

The correlation between EIMI.L and E127.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

EIMI.L vs. E127.L - Sectors Allocation Comparison

Sectors
EIMI.L
E127.L

Technology

35.0%
36.9%

Financial Services

18.4%
19.5%

Consumer Cyclical

9.6%
9.6%

Industrials

8.9%
7.5%

Basic Materials

6.9%
6.6%

Communication Services

6.4%
6.9%

Energy

3.9%
4.1%

Healthcare

3.7%
2.9%

Consumer Defensive

3.3%
3.0%

Utilities

2.2%
2.1%

Real Estate

1.7%
1.0%

Technology

EIMI.L
35.0%
E127.L
36.9%

Financial Services

EIMI.L
18.4%
E127.L
19.5%

Consumer Cyclical

EIMI.L
9.6%
E127.L
9.6%

Industrials

EIMI.L
8.9%
E127.L
7.5%

Basic Materials

EIMI.L
6.9%
E127.L
6.6%

Communication Services

EIMI.L
6.4%
E127.L
6.9%

Energy

EIMI.L
3.9%
E127.L
4.1%

Healthcare

EIMI.L
3.7%
E127.L
2.9%

Consumer Defensive

EIMI.L
3.3%
E127.L
3.0%

Utilities

EIMI.L
2.2%
E127.L
2.1%

Real Estate

EIMI.L
1.7%
E127.L
1.0%

Compare stocks, funds, or ETFs

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iShares Core MSCI EM IMI UCITS ETF

Amundi MSCI Emerging Markets II UCITS ETF Dist

Often compared with EIMI.L:
EIMI.L vs. VFEA.DEEIMI.L vs. CSPX.LEIMI.L vs. AVEMEIMI.L vs. SWRD.LEIMI.L vs. VWOEIMI.L vs. VFEG.LEIMI.L vs. AEME.L
Often compared with E127.L:
E127.L vs. SPXP.LE127.L vs. AEMU.LE127.L vs. FEMD.LE127.L vs. SEGM.LE127.L vs. MXFP.LE127.L vs. AEME.LE127.L vs. HEMC.L

Return for Risk

EIMI.L vs. E127.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EIMI.L
EIMI.L Risk / Return Rank: 7878
Overall Rank
EIMI.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
EIMI.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
EIMI.L Omega Ratio Rank: 8080
Omega Ratio Rank
EIMI.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
EIMI.L Martin Ratio Rank: 7575
Martin Ratio Rank
E127.L
E127.L Risk / Return Rank: 9090
Overall Rank
E127.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
E127.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
E127.L Omega Ratio Rank: 9292
Omega Ratio Rank
E127.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
E127.L Martin Ratio Rank: 8686
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.

EIMI.L vs. E127.L - 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 Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.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.

EIMI.LE127.LDifference
Sharpe ratioReturn per unit of total volatility
2.56
2.83

-0.27

Sortino ratioReturn per unit of downside risk
3.42
3.72

-0.29

Omega ratioGain probability vs. loss probability

1.47

1.51

-0.04

Calmar ratioReturn relative to maximum drawdown

3.88

4.13

-0.25

Martin ratioReturn relative to average drawdown

14.02

15.36

-1.34

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

EIMI.L vs. E127.L - Sharpe Ratio Comparison

The current EIMI.L Sharpe Ratio is 2.56, which is comparable to the E127.L Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of EIMI.L and E127.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

EIMI.LE127.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.56

2.83

-0.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

0.43

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.75

-0.39

Drawdowns

EIMI.L vs. E127.L - Drawdown Comparison

The maximum EIMI.L drawdown since its inception was -38.73%, roughly equal to the maximum E127.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for EIMI.L and E127.L.

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Drawdown Indicators

EIMI.LE127.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.73%

-39.30%

+0.57%

Max Drawdown (1Y)

Largest decline over 1 year

-12.66%

-12.83%

+0.17%

Max Drawdown (3Y)

Largest decline over 3 years

-17.44%

-16.10%

-1.34%

Max Drawdown (5Y)

Largest decline over 5 years

-35.50%

-36.28%

+0.78%

Max Drawdown (10Y)

Largest decline over 10 years

-38.73%

—

—

Current Drawdown

Current decline from peak

-2.64%

-2.64%

0.00%

Average Drawdown

Average peak-to-trough decline

-14.04%

-15.12%

+1.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.52%

3.46%

+0.06%

Volatility

EIMI.L vs. E127.L - Volatility Comparison

iShares Core MSCI EM IMI UCITS ETF (EIMI.L) and Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) have volatilities of 8.18% and 8.13%, 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.

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Volatility by Period

EIMI.LE127.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.18%

8.13%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

16.71%

16.08%

+0.63%

Volatility (1Y)

Calculated over the trailing 1-year period

19.23%

18.78%

+0.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.31%

18.63%

-0.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.15%

18.69%

+0.46%

EIMI.L vs. E127.L - Expense Ratio Comparison

EIMI.L has a 0.18% expense ratio, which is higher than E127.L's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EIMI.L vs. E127.L - Dividend Comparison

EIMI.L has not paid dividends to shareholders, while E127.L's dividend yield for the trailing twelve months is around 1.96%.

PositionTTM20252024202320222021
E127.L
Amundi MSCI Emerging Markets II UCITS ETF Dist		1.96%2.47%4.04%4.40%2.79%2.25%
EIMI.L
iShares Core MSCI EM IMI UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.96, EIMI.L and E127.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, E127.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

E127.L is cheaper with a 0.14% expense ratio, compared with 0.18% for EIMI.L.

EIMI.L tracks MSCI Emerging Markets Investable Market Index, while E127.L tracks MSCI EM NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for EIMI.L and 0.14% for E127.L.

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