EMGA.L vs. EIMI.L
Compare and contrast key facts about iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) (EMGA.L) and iShares Core MSCI EM IMI UCITS ETF (EIMI.L).
EMGA.L and EIMI.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMGA.L is a passively managed fund by iShares that tracks the performance of the JPM GBI-EM Global Diversified TR USD. It was launched on May 31, 2018. EIMI.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on May 30, 2014. Both EMGA.L and EIMI.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EMGA.L vs. EIMI.L - Performance Comparison
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EMGA.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMGA.L iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) | -1.34% | 18.25% | -2.74% | 11.65% | -10.95% | -10.50% | 1.84% | 11.71% | -2.92% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 4.48% | 32.16% | 7.36% | 11.03% | -19.67% | -0.65% | 18.80% | 16.37% | -13.52% |
Returns By Period
In the year-to-date period, EMGA.L achieves a -1.34% return, which is significantly lower than EIMI.L's 4.48% return.
EMGA.L
- 1D
- 1.33%
- 1M
- -3.13%
- YTD
- -1.34%
- 6M
- 1.68%
- 1Y
- 12.32%
- 3Y*
- 6.59%
- 5Y*
- 1.65%
- 10Y*
- —
EIMI.L
- 1D
- 4.13%
- 1M
- -5.98%
- YTD
- 4.48%
- 6M
- 8.17%
- 1Y
- 33.96%
- 3Y*
- 16.49%
- 5Y*
- 4.75%
- 10Y*
- 8.46%
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EMGA.L vs. EIMI.L - Expense Ratio Comparison
EMGA.L has a 0.50% expense ratio, which is higher than EIMI.L's 0.18% expense ratio.
Return for Risk
EMGA.L vs. EIMI.L — Risk / Return Rank
EMGA.L
EIMI.L
EMGA.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) (EMGA.L) and iShares Core MSCI EM IMI UCITS ETF (EIMI.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.
| EMGA.L | EIMI.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.79 | -0.12 |
Sortino ratioReturn per unit of downside risk | 2.34 | 2.35 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.68 | -0.61 |
Martin ratioReturn relative to average drawdown | 8.56 | 9.80 | -1.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMGA.L | EIMI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.79 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.27 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.28 | -0.15 |
Correlation
The correlation between EMGA.L and EIMI.L is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EMGA.L vs. EIMI.L - Dividend Comparison
Neither EMGA.L nor EIMI.L has paid dividends to shareholders.
Drawdowns
EMGA.L vs. EIMI.L - Drawdown Comparison
The maximum EMGA.L drawdown since its inception was -28.18%, smaller than the maximum EIMI.L drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for EMGA.L and EIMI.L.
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Drawdown Indicators
| EMGA.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.18% | -38.73% | +10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -12.66% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -26.60% | -35.66% | +9.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.73% | — |
Current DrawdownCurrent decline from peak | -4.59% | -9.03% | +4.44% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -14.21% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 3.47% | -2.03% |
Volatility
EMGA.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) (EMGA.L) is 3.84%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.48%. This indicates that EMGA.L experiences smaller price fluctuations and is considered to be less risky than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMGA.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 8.48% | -4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 5.33% | 13.79% | -8.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.31% | 18.87% | -11.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.92% | 17.75% | -8.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.24% | 18.90% | -8.66% |