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

EIMI.L vs. GRID

Last updated Jun 13, 2026

EIMI.L (iShares Core MSCI EM IMI UCITS ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, EIMI.L returned 10.60%/yr vs 19.76%/yr for GRID. A 0.51 correlation means they provide meaningful diversification when combined. EIMI.L charges 0.18%/yr vs 0.70%/yr for GRID.

Performance

EIMI.L vs. GRID - 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 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with EIMI.L having a 22.83% return and GRID slightly higher at 23.59%. Over the past 10 years, EIMI.L has underperformed GRID with an annualized return of 10.60%, while GRID has yielded a comparatively higher 19.76% annualized return.

EIMI.L

1D
3.53%
1M
1.15%
YTD
22.83%
6M
26.10%
1Y
43.20%
3Y*
21.64%
5Y*
7.50%
10Y*
10.60%

GRID

1D
-0.18%
1M
-4.18%
YTD
23.59%
6M
24.02%
1Y
41.72%
3Y*
23.21%
5Y*
16.83%
10Y*
19.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EIMI.L vs. GRID - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EIMI.L
iShares Core MSCI EM IMI UCITS ETF		22.83%32.16%7.36%11.03%-19.67%-0.65%18.80%16.37%-14.18%36.94%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		23.59%29.65%15.18%21.57%-13.89%27.65%48.84%42.80%-22.69%27.44%

Correlation

The correlation between EIMI.L and GRID is 0.63, 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

0.63

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

0.56

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

0.54

Correlation (10Y)
Calculated over the trailing 10-year period

0.53

Correlation (All Time)
Calculated using the full available price history since May 30, 2014

0.51

The correlation between EIMI.L and GRID shifts across timeframes, from 0.51 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.

EIMI.L vs. GRID - Sectors Allocation Comparison

Sectors
EIMI.L
GRID

Technology

35.0%
11.0%

Financial Services

18.4%

-

Consumer Cyclical

9.6%
3.5%

Industrials

8.9%
65.2%

Basic Materials

6.9%
0.0%

Communication Services

6.4%

-

Energy

3.9%

-

Healthcare

3.7%

-

Consumer Defensive

3.3%

-

Utilities

2.2%
20.4%

Real Estate

1.7%

-

Technology

EIMI.L
35.0%
GRID
11.0%

Financial Services

EIMI.L
18.4%
GRID

-

Consumer Cyclical

EIMI.L
9.6%
GRID
3.5%

Industrials

EIMI.L
8.9%
GRID
65.2%

Basic Materials

EIMI.L
6.9%
GRID
0.0%

Communication Services

EIMI.L
6.4%
GRID

-

Energy

EIMI.L
3.9%
GRID

-

Healthcare

EIMI.L
3.7%
GRID

-

Consumer Defensive

EIMI.L
3.3%
GRID

-

Utilities

EIMI.L
2.2%
GRID
20.4%

Real Estate

EIMI.L
1.7%
GRID

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI EM IMI UCITS ETF

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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 GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. POWRGRID vs. FIWGRID vs. VOLTGRID vs. QCLN

Return for Risk

EIMI.L vs. GRID — 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: 7676
Overall Rank
EIMI.L Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EIMI.L Sortino Ratio Rank: 7676
Sortino Ratio Rank
EIMI.L Omega Ratio Rank: 7979
Omega Ratio Rank
EIMI.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
EIMI.L Martin Ratio Rank: 7373
Martin Ratio Rank
GRID
GRID Risk / Return Rank: 7373
Overall Rank
GRID Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 6969
Sortino Ratio Rank
GRID Omega Ratio Rank: 6969
Omega Ratio Rank
GRID Calmar Ratio Rank: 7979
Calmar Ratio Rank
GRID Martin Ratio Rank: 7878
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. GRID - 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 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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.LGRIDDifference
Sharpe ratioReturn per unit of total volatility
2.16
2.02

+0.13

Sortino ratioReturn per unit of downside risk
2.92
2.70

+0.22

Omega ratioGain probability vs. loss probability

1.40

1.35

+0.05

Calmar ratioReturn relative to maximum drawdown

3.40

3.57

-0.18

Martin ratioReturn relative to average drawdown

11.76

12.89

-1.13

EIMI.L vs. GRID - Sharpe Ratio Comparison

The current EIMI.L Sharpe Ratio is 2.16, which is comparable to the GRID Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of EIMI.L and GRID, 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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Drawdowns

EIMI.L vs. GRID - Drawdown Comparison

The maximum EIMI.L drawdown since its inception was -38.73%, roughly equal to the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for EIMI.L and GRID.

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Drawdown Indicators

EIMI.LGRIDDifference

Max Drawdown

Largest peak-to-trough decline

-38.73%

-40.56%

+1.83%

Max Drawdown (1Y)

Largest decline over 1 year

-12.66%

-11.73%

-0.93%

Max Drawdown (3Y)

Largest decline over 3 years

-17.44%

-20.77%

+3.33%

Max Drawdown (5Y)

Largest decline over 5 years

-35.45%

-29.64%

-5.81%

Max Drawdown (10Y)

Largest decline over 10 years

-38.73%

-40.56%

+1.83%

Current Drawdown

Current decline from peak

-3.75%

-5.40%

+1.65%

Average Drawdown

Average peak-to-trough decline

-13.99%

-8.42%

-5.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.66%

3.25%

+0.41%

Volatility

EIMI.L vs. GRID - Volatility Comparison

The current volatility for iShares Core MSCI EM IMI UCITS ETF (EIMI.L) is 8.37%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 9.56%. This indicates that EIMI.L experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EIMI.LGRIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.37%

9.56%

-1.19%

Volatility (6M)

Calculated over the trailing 6-month period

17.62%

17.70%

-0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

19.94%

20.73%

-0.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.46%

21.24%

-2.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.20%

22.90%

-3.70%

EIMI.L vs. GRID - Expense Ratio Comparison

EIMI.L has a 0.18% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

EIMI.L vs. GRID - Dividend Comparison

EIMI.L has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.80%.

PositionTTM20252024202320222021202020192018201720162015
EIMI.L
iShares Core MSCI EM IMI UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		0.80%1.01%1.06%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%

Frequently Asked Questions

EIMI.L and GRID have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EIMI.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.70% for GRID.

EIMI.L is categorized as Emerging Markets Equities, while GRID is Alternative Energy Equities. EIMI.L tracks MSCI Emerging Markets Investable Market Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.18% for EIMI.L and 0.70% for GRID.

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