EIMI.L vs. IUES.L

Last updated Jun 5, 2026

EIMI.L (iShares Core MSCI EM IMI UCITS ETF) and IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index, while IUES.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, EIMI.L returned 10.26%/yr vs 9.21%/yr for IUES.L. At a 0.38 correlation, their price movements are largely independent. EIMI.L charges 0.18%/yr vs 0.15%/yr for IUES.L.

Performance

EIMI.L vs. IUES.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 iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIMI.L achieves a 24.25% return, which is significantly lower than IUES.L's 30.45% return. Over the past 10 years, EIMI.L has outperformed IUES.L with an annualized return of 10.26%, while IUES.L has yielded a comparatively lower 9.21% 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%

IUES.L

• 1D: -0.36%
• 1M: -1.09%
• YTD: 30.45%
• 6M: 29.22%
• 1Y: 46.28%
• 3Y*: 16.84%
• 5Y*: 20.33%
• 10Y*: 9.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EIMI.L vs. IUES.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%
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc)	30.45%	9.82%	3.87%	-0.63%	63.84%	51.95%	-33.35%	8.81%	-18.12%	-1.19%

Correlation

The correlation between EIMI.L and IUES.L is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Nov 25, 2015	0.38

The correlation between EIMI.L and IUES.L shifts across timeframes, from -0.14 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

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

Sectors	EIMI.L	IUES.L
Technology	35.0%	-
Financial Services	18.4%	-
Consumer Cyclical	9.6%	-
Industrials	8.9%	-
Basic Materials	6.9%	-
Communication Services	6.4%	-
Energy	3.9%	100.0%
Healthcare	3.7%	-
Consumer Defensive	3.3%	-
Utilities	2.2%	-
Real Estate	1.7%	-

Return for Risk

EIMI.L vs. IUES.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: 78
EIMI.L Sharpe Ratio Rank: 80
EIMI.L Sortino Ratio Rank: 77
EIMI.L Omega Ratio Rank: 80
EIMI.L Calmar Ratio Rank: 78
EIMI.L Martin Ratio Rank: 75

IUES.L

IUES.L Risk / Return Rank: 60
IUES.L Sharpe Ratio Rank: 65
IUES.L Sortino Ratio Rank: 56
IUES.L Omega Ratio Rank: 59
IUES.L Calmar Ratio Rank: 65
IUES.L Martin Ratio Rank: 57

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. IUES.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 S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.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	IUES.L	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.12	+0.44
Sortino ratio: Return per unit of downside risk	3.42	2.64	+0.78
Omega ratio: Gain probability vs. loss probability	1.47	1.35	+0.12
Calmar ratio: Return relative to maximum drawdown	3.88	3.18	+0.71
Martin ratio: Return relative to average drawdown	14.02	9.97	+4.05
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. IUES.L - Sharpe Ratio Comparison

The current EIMI.L Sharpe Ratio is 2.56, which is comparable to the IUES.L Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of EIMI.L and IUES.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.

Sharpe Ratios by Period

	EIMI.L	IUES.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.12	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.76	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.32	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.31	+0.04

Drawdowns

EIMI.L vs. IUES.L - Drawdown Comparison

The maximum EIMI.L drawdown since its inception was -38.73%, smaller than the maximum IUES.L drawdown of -66.78%. Use the drawdown chart below to compare losses from any high point for EIMI.L and IUES.L.

Drawdown Indicators

	EIMI.L	IUES.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.73%	-66.78%	+28.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.66%	-14.49%	+1.83%
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	-20.90%	+3.46%
Max Drawdown (5Y) Largest decline over 5 years	-35.50%	-27.98%	-7.52%
Max Drawdown (10Y) Largest decline over 10 years	-38.73%	-66.78%	+28.05%
Current Drawdown Current decline from peak	-2.64%	-7.45%	+4.81%
Average Drawdown Average peak-to-trough decline	-14.04%	-14.21%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	4.63%	-1.11%

Volatility

EIMI.L vs. IUES.L - Volatility Comparison

iShares Core MSCI EM IMI UCITS ETF (EIMI.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.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.

Volatility by Period

	EIMI.L	IUES.L	Difference
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%	18.58%	-1.87%
Volatility (1Y) Calculated over the trailing 1-year period	19.23%	21.81%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.31%	26.72%	-8.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.15%	28.49%	-9.34%

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

EIMI.L has a 0.18% expense ratio, which is higher than IUES.L's 0.15% 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. IUES.L - Dividend Comparison

Neither EIMI.L nor IUES.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EIMI.L and IUES.L in my portfolio?

EIMI.L and IUES.L have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EIMI.L or IUES.L?

On fees, IUES.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EIMI.L or IUES.L?

IUES.L is cheaper with a 0.15% expense ratio, compared with 0.18% for EIMI.L.

What is the main difference between EIMI.L and IUES.L?

EIMI.L is categorized as Emerging Markets Equities, while IUES.L is Energy Equities. EIMI.L tracks MSCI Emerging Markets Investable Market Index, while IUES.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.18% for EIMI.L and 0.15% for IUES.L.