EIMI.L vs. IGLN.L
EIMI.L (iShares Core MSCI EM IMI UCITS ETF) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, EIMI.L returned 10.26%/yr vs 13.42%/yr for IGLN.L. At a 0.18 correlation, their price movements are largely independent. EIMI.L charges 0.18%/yr vs 0.25%/yr for IGLN.L.
Performance
EIMI.L vs. IGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, EIMI.L achieves a 24.25% return, which is significantly higher than IGLN.L's 3.70% return. Over the past 10 years, EIMI.L has underperformed IGLN.L with an annualized return of 10.26%, while IGLN.L has yielded a comparatively higher 13.42% 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%
IGLN.L
- 1D
- 0.68%
- 1M
- -2.35%
- YTD
- 3.70%
- 6M
- 6.03%
- 1Y
- 32.37%
- 3Y*
- 31.55%
- 5Y*
- 18.61%
- 10Y*
- 13.42%
EIMI.L vs. IGLN.L - 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% |
IGLN.L iShares Physical Gold ETC | 3.70% | 64.92% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.28% | -1.31% | 11.67% |
Correlation
The correlation between EIMI.L and IGLN.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014 | 0.18 |
Over the past year, EIMI.L and IGLN.L have become more correlated (0.39) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
EIMI.L vs. IGLN.L — Risk / Return Rank
EIMI.L
IGLN.L
EIMI.L vs. IGLN.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 Physical Gold ETC (IGLN.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.L | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.25 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 1.86 | +2.03 |
| Martin ratioReturn relative to average drawdown | 14.02 | 4.79 | +9.22 |
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 | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 1.30 | +1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 1.07 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.86 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.46 | -0.10 |
Drawdowns
EIMI.L vs. IGLN.L - Drawdown Comparison
The maximum EIMI.L drawdown since its inception was -38.73%, smaller than the maximum IGLN.L drawdown of -45.24%. Use the drawdown chart below to compare losses from any high point for EIMI.L and IGLN.L.
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Drawdown Indicators
| EIMI.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.73% | -45.24% | +6.51% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -17.36% | +4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -17.44% | -17.36% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -35.50% | -21.15% | -14.35% |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | -21.15% | -17.58% |
Current DrawdownCurrent decline from peak | -2.64% | -15.66% | +13.02% |
Average DrawdownAverage peak-to-trough decline | -14.04% | -19.80% | +5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 6.74% | -3.22% |
Volatility
EIMI.L vs. IGLN.L - Volatility Comparison
iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a higher volatility of 8.18% compared to iShares Physical Gold ETC (IGLN.L) at 6.36%. This indicates that EIMI.L's price experiences larger fluctuations and is considered to be riskier than IGLN.L 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 | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 6.36% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 16.71% | 21.73% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.23% | 24.78% | -5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.31% | 17.36% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 15.54% | +3.61% |
EIMI.L vs. IGLN.L - Expense Ratio Comparison
EIMI.L has a 0.18% expense ratio, which is lower than IGLN.L's 0.25% expense ratio. Despite the difference, 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. IGLN.L - Dividend Comparison
Neither EIMI.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
EIMI.L and IGLN.L have a correlation of 0.39, 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 0.25% for IGLN.L.
EIMI.L is categorized as Emerging Markets Equities, while IGLN.L is Gold. EIMI.L tracks MSCI Emerging Markets Investable Market Index, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.18% for EIMI.L and 0.25% for IGLN.L.
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