EIMI.L vs. XDEX.L

Last updated Jun 5, 2026

EIMI.L (iShares Core MSCI EM IMI UCITS ETF) and XDEX.L (Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C) are both Emerging Markets Equities funds - EIMI.L tracks the MSCI Emerging Markets Investable Market Index while XDEX.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 10 years, EIMI.L returned 10.26%/yr vs 13.27%/yr for XDEX.L. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.

Performance

EIMI.L vs. XDEX.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 Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EIMI.L is traded in USD, while XDEX.L is traded in GBp. To make them comparable, the XDEX.L 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 24.25% return, which is significantly lower than XDEX.L's 37.17% return. Over the past 10 years, EIMI.L has underperformed XDEX.L with an annualized return of 10.26%, while XDEX.L has yielded a comparatively higher 13.27% 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%

XDEX.L

• 1D: -1.91%
• 1M: 7.01%
• YTD: 37.17%
• 6M: 43.65%
• 1Y: 72.14%
• 3Y*: 25.86%
• 5Y*: 12.15%
• 10Y*: 13.27%

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

EIMI.L vs. XDEX.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%
XDEX.L Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C	37.17%	37.83%	1.15%	8.32%	-19.84%	18.99%	16.36%	26.83%	-9.60%	24.44%

Correlation

The correlation between EIMI.L and XDEX.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Apr 21, 2015	0.80

The correlation between EIMI.L and XDEX.L has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.

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

Sectors	EIMI.L	XDEX.L
Technology	35.0%	50.4%
Financial Services	18.4%	17.4%
Consumer Cyclical	9.6%	3.8%
Industrials	8.9%	6.4%
Basic Materials	6.9%	6.3%
Communication Services	6.4%	3.1%
Energy	3.9%	3.3%
Healthcare	3.7%	2.0%
Consumer Defensive	3.3%	2.7%
Utilities	2.2%	2.1%
Real Estate	1.7%	0.8%

Return for Risk

EIMI.L vs. XDEX.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

XDEX.L

XDEX.L Risk / Return Rank: 94
XDEX.L Sharpe Ratio Rank: 96
XDEX.L Sortino Ratio Rank: 95
XDEX.L Omega Ratio Rank: 95
XDEX.L Calmar Ratio Rank: 91
XDEX.L Martin Ratio Rank: 91

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. XDEX.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 Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.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	XDEX.L	Difference
Sharpe ratio: Return per unit of total volatility	2.56	3.58	-1.02
Sortino ratio: Return per unit of downside risk	3.42	4.56	-1.14
Omega ratio: Gain probability vs. loss probability	1.47	1.64	-0.17
Calmar ratio: Return relative to maximum drawdown	3.88	4.79	-0.90
Martin ratio: Return relative to average drawdown	14.02	18.76	-4.74
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. XDEX.L - Sharpe Ratio Comparison

The current EIMI.L Sharpe Ratio is 2.56, which is comparable to the XDEX.L Sharpe Ratio of 3.58. The chart below compares the historical Sharpe Ratios of EIMI.L and XDEX.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	XDEX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	3.58	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.68	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.78	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.67	-0.31

Drawdowns

EIMI.L vs. XDEX.L - Drawdown Comparison

The maximum EIMI.L drawdown since its inception was -38.73%, which is greater than XDEX.L's maximum drawdown of -32.75%. Use the drawdown chart below to compare losses from any high point for EIMI.L and XDEX.L.

Drawdown Indicators

	EIMI.L	XDEX.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.73%	-32.75%	-5.98%
Max Drawdown (1Y) Largest decline over 1 year	-12.66%	-14.99%	+2.33%
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	-19.39%	+1.95%
Max Drawdown (5Y) Largest decline over 5 years	-35.50%	-30.61%	-4.89%
Max Drawdown (10Y) Largest decline over 10 years	-38.73%	-32.75%	-5.98%
Current Drawdown Current decline from peak	-2.64%	-2.99%	+0.35%
Average Drawdown Average peak-to-trough decline	-14.04%	-7.06%	-6.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	3.83%	-0.31%

Volatility

EIMI.L vs. XDEX.L - Volatility Comparison

The current volatility for iShares Core MSCI EM IMI UCITS ETF (EIMI.L) is 8.18%, while Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C (XDEX.L) has a volatility of 9.58%. This indicates that EIMI.L experiences smaller price fluctuations and is considered to be less risky than XDEX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIMI.L	XDEX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.18%	9.58%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	16.71%	17.85%	-1.14%
Volatility (1Y) Calculated over the trailing 1-year period	19.23%	20.05%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.31%	17.75%	+0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.15%	16.98%	+2.17%

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

Both EIMI.L and XDEX.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EIMI.L vs. XDEX.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

EIMI.L and XDEX.L have a correlation of 0.90, 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 XDEX.L?

Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

EIMI.L and XDEX.L have the same expense ratio: 0.18% per year.

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

EIMI.L tracks MSCI Emerging Markets Investable Market Index, while XDEX.L tracks MSCI EM NR USD. They also come from different issuers: iShares and Xtrackers.