EIMI.L vs. EMIM.L
EIMI.L (iShares Core MSCI EM IMI UCITS ETF) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both Emerging Markets Equities funds from iShares - EIMI.L tracks the MSCI Emerging Markets Investable Market Index while EMIM.L tracks the MSCI Emerging Markets Investable Market Index (IMI). Both are passively managed. Over the past 10 years, EIMI.L returned 9.25%/yr vs 9.33%/yr for EMIM.L. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
EIMI.L vs. EMIM.L - Performance Comparison
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Different Trading Currencies
EIMI.L is traded in USD, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with EIMI.L having a 18.64% return and EMIM.L slightly higher at 18.81%. Both investments have delivered pretty close results over the past 10 years, with EIMI.L having a 9.25% annualized return and EMIM.L not far ahead at 9.33%.
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%
EMIM.L
- 1D
- 0.13%
- 1M
- -5.61%
- 6M
- 13.81%
- YTD
- 18.81%
- 1Y
- 35.13%
- 3Y*
- 19.49%
- 5Y*
- 7.33%
- 10Y*
- 9.33%
EIMI.L vs. EMIM.L - 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% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 18.81% | 32.66% | 7.36% | 10.47% | -19.77% | -0.17% | 18.43% | 17.21% | -14.45% | 36.59% |
Correlation
The correlation between EIMI.L and EMIM.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 (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.95 |
The correlation between EIMI.L and EMIM.L has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
EIMI.L vs. EMIM.L — Risk / Return Rank
EIMI.L
EMIM.L
EIMI.L vs. EMIM.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 iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.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.
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 | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.70 | +0.02 |
| Martin ratioReturn relative to average drawdown | 8.68 | 8.84 | -0.16 |
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Drawdowns
EIMI.L vs. EMIM.L - Drawdown Comparison
The maximum EIMI.L drawdown since its inception was -38.73%, roughly equal to the maximum EMIM.L drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for EIMI.L and EMIM.L.
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Drawdown Indicators
| EIMI.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.73% | -39.32% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -12.93% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -17.44% | -17.29% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -33.69% | -33.79% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | -39.32% | +0.59% |
Current DrawdownCurrent decline from peak | -7.71% | -7.35% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -13.92% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 3.96% | +0.02% |
Volatility
EIMI.L vs. EMIM.L - Volatility Comparison
iShares Core MSCI EM IMI UCITS ETF (EIMI.L) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) have volatilities of 8.59% and 8.60%, 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.L | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 8.60% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 19.48% | 18.73% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.43% | 20.83% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.83% | 18.76% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 19.31% | -0.09% |
EIMI.L vs. EMIM.L - Expense Ratio Comparison
Both EIMI.L and EMIM.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EIMI.L vs. EMIM.L - Dividend Comparison
Neither EIMI.L nor EMIM.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, EIMI.L and EMIM.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.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EIMI.L and EMIM.L have the same expense ratio: 0.18% per year.
EIMI.L tracks MSCI Emerging Markets Investable Market Index, while EMIM.L tracks MSCI Emerging Markets Investable Market Index (IMI).
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