EIMI.L vs. VGEA.DE
EIMI.L (iShares Core MSCI EM IMI UCITS ETF) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both exchange-traded funds - EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index, while VGEA.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, EIMI.L returned 7.50%/yr vs -3.18%/yr for VGEA.DE. At a 0.25 correlation, their price movements are largely independent. EIMI.L charges 0.18%/yr vs 0.07%/yr for VGEA.DE.
Performance
EIMI.L vs. VGEA.DE - Performance Comparison
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Different Trading Currencies
EIMI.L is traded in USD, while VGEA.DE is traded in EUR. To make them comparable, the VGEA.DE 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 22.83% return, which is significantly higher than VGEA.DE's -1.21% 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%
VGEA.DE
- 1D
- 0.23%
- 1M
- -0.34%
- YTD
- -1.21%
- 6M
- -0.86%
- 1Y
- -0.20%
- 3Y*
- 4.87%
- 5Y*
- -3.18%
- 10Y*
- —
EIMI.L vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 22.83% | 32.16% | 7.36% | 11.03% | -19.67% | -0.65% | 18.80% | 9.42% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | -1.21% | 13.65% | -4.27% | 10.31% | -22.79% | -10.94% | 15.03% | 4.64% |
Correlation
The correlation between EIMI.L and VGEA.DE 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 (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.25 |
The correlation between EIMI.L and VGEA.DE shifts across timeframes, from 0.25 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EIMI.L vs. VGEA.DE — Risk / Return Rank
EIMI.L
VGEA.DE
EIMI.L vs. VGEA.DE - 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 EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE). 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 | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.00 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | -0.03 | +3.43 |
| Martin ratioReturn relative to average drawdown | 11.76 | -0.08 | +11.84 |
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Drawdowns
EIMI.L vs. VGEA.DE - Drawdown Comparison
The maximum EIMI.L drawdown since its inception was -38.73%, roughly equal to the maximum VGEA.DE drawdown of -37.78%. Use the drawdown chart below to compare losses from any high point for EIMI.L and VGEA.DE.
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Drawdown Indicators
| EIMI.L | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.73% | -37.78% | -0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -6.30% | -6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -17.44% | -10.35% | -7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -35.45% | -34.97% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | — | — |
Current DrawdownCurrent decline from peak | -3.75% | -18.54% | +14.79% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -16.43% | +2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 2.55% | +1.11% |
Volatility
EIMI.L vs. VGEA.DE - Volatility Comparison
iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a higher volatility of 8.37% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) at 2.56%. This indicates that EIMI.L's price experiences larger fluctuations and is considered to be riskier than VGEA.DE 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 | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 2.56% | +5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 17.62% | 6.41% | +11.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.94% | 8.47% | +11.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 10.23% | +8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 9.51% | +9.69% |
EIMI.L vs. VGEA.DE - Expense Ratio Comparison
EIMI.L has a 0.18% expense ratio, which is higher than VGEA.DE's 0.07% 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. VGEA.DE - Dividend Comparison
Neither EIMI.L nor VGEA.DE has paid dividends to shareholders.
Frequently Asked Questions
EIMI.L and VGEA.DE 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, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for EIMI.L.
EIMI.L is categorized as Emerging Markets Equities, while VGEA.DE is European Government Bonds. EIMI.L tracks MSCI Emerging Markets Investable Market Index, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for EIMI.L and 0.07% for VGEA.DE.
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