EIMI.L vs. VEUR.MI
EIMI.L (iShares Core MSCI EM IMI UCITS ETF) and VEUR.MI (Vanguard FTSE Developed Europe UCITS ETF) are both exchange-traded funds - EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index, while VEUR.MI is a Europe Equities fund tracking the FTSE Developed Europe Index. Both are passively managed. Over the past 5 years, EIMI.L returned 8.52%/yr vs 9.66%/yr for VEUR.MI. A 0.66 correlation means they provide meaningful diversification when combined. EIMI.L charges 0.18%/yr vs 0.10%/yr for VEUR.MI.
Performance
EIMI.L vs. VEUR.MI - Performance Comparison
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Different Trading Currencies
EIMI.L is traded in USD, while VEUR.MI is traded in EUR. To make them comparable, the VEUR.MI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EIMI.L achieves a 26.55% return, which is significantly higher than VEUR.MI's 6.88% return.
EIMI.L
- 1D
- -0.94%
- 1M
- 7.29%
- YTD
- 26.55%
- 6M
- 29.01%
- 1Y
- 50.82%
- 3Y*
- 23.03%
- 5Y*
- 8.52%
- 10Y*
- 10.53%
VEUR.MI
- 1D
- 0.00%
- 1M
- 1.68%
- YTD
- 6.88%
- 6M
- 8.21%
- 1Y
- 21.89%
- 3Y*
- 16.80%
- 5Y*
- 9.66%
- 10Y*
- —
EIMI.L vs. VEUR.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 26.55% | 32.16% | 7.36% | 11.03% | -19.67% | -0.65% | 18.80% | 11.11% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 6.88% | 36.34% | 2.84% | 19.97% | -15.17% | 15.29% | 7.05% | 17.82% |
Correlation
The correlation between EIMI.L and VEUR.MI is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019 | 0.66 |
The correlation between EIMI.L and VEUR.MI has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
EIMI.L vs. VEUR.MI — Risk / Return Rank
EIMI.L
VEUR.MI
EIMI.L vs. VEUR.MI - 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 Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI). 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 | VEUR.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.27 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 1.93 | +2.18 |
| Martin ratioReturn relative to average drawdown | 14.26 | 6.80 | +7.46 |
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Drawdowns
EIMI.L vs. VEUR.MI - Drawdown Comparison
The maximum EIMI.L drawdown since its inception was -38.73%, which is greater than VEUR.MI's maximum drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for EIMI.L and VEUR.MI.
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Drawdown Indicators
| EIMI.L | VEUR.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.73% | -35.87% | -2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -11.46% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -17.44% | -14.99% | -2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -35.41% | -31.49% | -3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -1.10% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -13.97% | -5.95% | -8.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 3.23% | +0.43% |
Volatility
EIMI.L vs. VEUR.MI - Volatility Comparison
iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a higher volatility of 7.85% compared to Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) at 4.06%. This indicates that EIMI.L's price experiences larger fluctuations and is considered to be riskier than VEUR.MI 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 | VEUR.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.85% | 4.06% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 17.82% | 12.44% | +5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.11% | 14.87% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 17.64% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 18.71% | +0.49% |
EIMI.L vs. VEUR.MI - Expense Ratio Comparison
EIMI.L has a 0.18% expense ratio, which is higher than VEUR.MI's 0.10% 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. VEUR.MI - Dividend Comparison
EIMI.L has not paid dividends to shareholders, while VEUR.MI's dividend yield for the trailing twelve months is around 2.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 2.62% | 2.79% | 3.07% | 3.00% | 3.32% | 2.66% | 2.23% | 3.24% |
Frequently Asked Questions
EIMI.L and VEUR.MI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUR.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.MI is cheaper with a 0.10% expense ratio, compared with 0.18% for EIMI.L.
EIMI.L is categorized as Emerging Markets Equities, while VEUR.MI is Europe Equities. EIMI.L tracks MSCI Emerging Markets Investable Market Index, while VEUR.MI tracks FTSE Developed Europe Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for EIMI.L and 0.10% for VEUR.MI.
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