EIMI.L vs. IWQU.L

Last updated Jun 16, 2026

EIMI.L (iShares Core MSCI EM IMI UCITS ETF) and IWQU.L (iShares MSCI World Quality Factor UCITS) are both exchange-traded funds - EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index, while IWQU.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, EIMI.L returned 10.81%/yr vs 12.84%/yr for IWQU.L. A 0.72 correlation means they provide meaningful diversification when combined. EIMI.L charges 0.18%/yr vs 0.30%/yr for IWQU.L.

Performance

EIMI.L vs. IWQU.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 MSCI World Quality Factor UCITS (IWQU.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 26.31% return, which is significantly higher than IWQU.L's 9.80% return. Over the past 10 years, EIMI.L has underperformed IWQU.L with an annualized return of 10.81%, while IWQU.L has yielded a comparatively higher 12.84% annualized return.

EIMI.L

• 1D: 2.83%
• 1M: 6.82%
• YTD: 26.31%
• 6M: 29.14%
• 1Y: 49.19%
• 3Y*: 22.24%
• 5Y*: 8.14%
• 10Y*: 10.81%

IWQU.L

• 1D: 1.00%
• 1M: 3.39%
• YTD: 9.80%
• 6M: 10.71%
• 1Y: 22.55%
• 3Y*: 17.48%
• 5Y*: 10.38%
• 10Y*: 12.84%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIMI.L iShares Core MSCI EM IMI UCITS ETF	26.31%	32.16%	7.36%	11.03%	-19.67%	-0.65%	18.80%	16.37%	-14.18%	36.94%
IWQU.L iShares MSCI World Quality Factor UCITS	9.80%	15.28%	17.17%	25.90%	-19.26%	23.70%	14.95%	29.64%	-7.53%	23.57%

Correlation

The correlation between EIMI.L and IWQU.L is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014	0.72

The correlation between EIMI.L and IWQU.L has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

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

Sectors	EIMI.L	IWQU.L
Technology	42.1%	31.2%
Financial Services	16.7%	14.7%
Consumer Cyclical	8.6%	9.2%
Industrials	8.0%	10.3%
Basic Materials	6.2%	3.4%
Communication Services	5.6%	9.6%
Energy	3.3%	3.9%
Healthcare	3.3%	8.8%
Consumer Defensive	2.8%	4.8%
Utilities	1.9%	2.5%
Real Estate	1.5%	1.7%

Return for Risk

EIMI.L vs. IWQU.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: 82
EIMI.L Sharpe Ratio Rank: 85
EIMI.L Sortino Ratio Rank: 82
EIMI.L Omega Ratio Rank: 84
EIMI.L Calmar Ratio Rank: 81
EIMI.L Martin Ratio Rank: 77

IWQU.L

IWQU.L Risk / Return Rank: 65
IWQU.L Sharpe Ratio Rank: 65
IWQU.L Sortino Ratio Rank: 74
IWQU.L Omega Ratio Rank: 64
IWQU.L Calmar Ratio Rank: 58
IWQU.L Martin Ratio Rank: 66

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. IWQU.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 MSCI World Quality Factor UCITS (IWQU.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	IWQU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.44	1.93	+0.51
Sortino ratio: Return per unit of downside risk	3.25	2.99	+0.26
Omega ratio: Gain probability vs. loss probability	1.45	1.35	+0.10
Calmar ratio: Return relative to maximum drawdown	3.87	2.63	+1.24
Martin ratio: Return relative to average drawdown	13.39	10.90	+2.49

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

The current EIMI.L Sharpe Ratio is 2.44, which is comparable to the IWQU.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of EIMI.L and IWQU.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.

Drawdowns

EIMI.L vs. IWQU.L - Drawdown Comparison

The maximum EIMI.L drawdown since its inception was -38.73%, which is greater than IWQU.L's maximum drawdown of -33.05%. Use the drawdown chart below to compare losses from any high point for EIMI.L and IWQU.L.

Drawdown Indicators

	EIMI.L	IWQU.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.73%	-33.05%	-5.68%
Max Drawdown (1Y) Largest decline over 1 year	-12.66%	-8.53%	-4.13%
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	-16.09%	-1.35%
Max Drawdown (5Y) Largest decline over 5 years	-35.41%	-27.70%	-7.71%
Max Drawdown (10Y) Largest decline over 10 years	-38.73%	-33.05%	-5.68%
Current Drawdown Current decline from peak	-1.02%	0.00%	-1.02%
Average Drawdown Average peak-to-trough decline	-13.99%	-4.58%	-9.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	2.06%	+1.60%

Volatility

EIMI.L vs. IWQU.L - Volatility Comparison

iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a higher volatility of 8.80% compared to iShares MSCI World Quality Factor UCITS (IWQU.L) at 3.29%. This indicates that EIMI.L's price experiences larger fluctuations and is considered to be riskier than IWQU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIMI.L	IWQU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.80%	3.29%	+5.51%
Volatility (6M) Calculated over the trailing 6-month period	17.81%	9.15%	+8.66%
Volatility (1Y) Calculated over the trailing 1-year period	20.11%	11.64%	+8.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.51%	15.62%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.21%	15.76%	+3.45%

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

EIMI.L has a 0.18% expense ratio, which is lower than IWQU.L's 0.30% expense ratio.

Dividends

EIMI.L vs. IWQU.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

EIMI.L and IWQU.L have a correlation of 0.72, 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 IWQU.L?

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.

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

EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.30% for IWQU.L.

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

EIMI.L is categorized as Emerging Markets Equities, while IWQU.L is Global Equities. EIMI.L tracks MSCI Emerging Markets Investable Market Index, while IWQU.L tracks MSCI ACWI NR USD. Their fees differ too: 0.18% for EIMI.L and 0.30% for IWQU.L.