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EMGU.L vs. CSP1.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EMGU.L vs. CSP1.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Core MSCI Emerging Markets IMI UCITS ETF (EMGU.L) and iShares Core S&P 500 UCITS ETF (CSP1.L).

EMGU.L and CSP1.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMGU.L is a passively managed fund by iShares that tracks the performance of the MSCI EM NR USD. It was launched on Mar 5, 2018. CSP1.L is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 19, 2010. Both EMGU.L and CSP1.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

EMGU.L vs. CSP1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core MSCI Emerging Markets IMI UCITS ETF (EMGU.L) and iShares Core S&P 500 UCITS ETF (CSP1.L). The values are adjusted to include any dividend payments, if applicable.

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EMGU.L vs. CSP1.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
EMGU.L
iShares Core MSCI Emerging Markets IMI UCITS ETF		5.52%22.98%9.19%4.92%-10.05%0.64%14.80%3.98%
CSP1.L
iShares Core S&P 500 UCITS ETF		-3.08%9.37%27.35%19.79%-9.05%31.07%13.65%1.08%
Different Trading Currencies

EMGU.L is traded in GBP, while CSP1.L is traded in GBp. To make them comparable, the CSP1.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, EMGU.L achieves a 5.52% return, which is significantly higher than CSP1.L's -3.08% return.

EMGU.L

1D
3.17%
1M
-5.53%
YTD
5.52%
6M
9.52%
1Y
29.83%
3Y*
13.64%
5Y*
5.54%
10Y*
—

CSP1.L

1D
1.48%
1M
-3.24%
YTD
-3.08%
6M
0.22%
1Y
14.77%
3Y*
15.77%
5Y*
12.63%
10Y*
14.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI Emerging Markets IMI UCITS ETF

iShares Core S&P 500 UCITS ETF

Often compared with EMGU.L:
EMGU.L vs. 0823.HKEMGU.L vs. SPEMEMGU.L vs. AIAEMGU.L vs. IEEM.LEMGU.L vs. EMDV.LEMGU.L vs. EMHD.LEMGU.L vs. IWDA.L
Often compared with CSP1.L:
CSP1.L vs. CSPX.LCSP1.L vs. VUAG.LCSP1.L vs. SPYCSP1.L vs. IUSA.LCSP1.L vs. SPY5.LCSP1.L vs. VUAA.LCSP1.L vs. VOO

EMGU.L vs. CSP1.L - Expense Ratio Comparison

EMGU.L has a 0.18% expense ratio, which is higher than CSP1.L'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%.

EMGU.L
iShares Core MSCI Emerging Markets IMI UCITS ETF
CSP1.L
iShares Core S&P 500 UCITS ETF

Return for Risk

EMGU.L vs. CSP1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMGU.L
EMGU.L Risk / Return Rank: 8484
Overall Rank
EMGU.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
EMGU.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
EMGU.L Omega Ratio Rank: 8585
Omega Ratio Rank
EMGU.L Calmar Ratio Rank: 8585
Calmar Ratio Rank
EMGU.L Martin Ratio Rank: 8181
Martin Ratio Rank
CSP1.L
CSP1.L Risk / Return Rank: 5959
Overall Rank
CSP1.L Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
CSP1.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
CSP1.L Omega Ratio Rank: 5151
Omega Ratio Rank
CSP1.L Calmar Ratio Rank: 7575
Calmar Ratio Rank
CSP1.L Martin Ratio Rank: 6767
Martin Ratio Rank
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.

EMGU.L vs. CSP1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI UCITS ETF (EMGU.L) and iShares Core S&P 500 UCITS ETF (CSP1.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.

EMGU.LCSP1.LDifference

Sharpe ratio

Return per unit of total volatility

1.85

0.97

+0.88

Sortino ratio

Return per unit of downside risk

2.37

1.41

+0.97

Omega ratio

Gain probability vs. loss probability

1.36

1.20

+0.15

Calmar ratio

Return relative to maximum drawdown

2.79

2.06

+0.74

Martin ratio

Return relative to average drawdown

9.89

7.08

+2.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMGU.L vs. CSP1.L - Sharpe Ratio Comparison

The current EMGU.L Sharpe Ratio is 1.85, which is higher than the CSP1.L Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of EMGU.L and CSP1.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EMGU.LCSP1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.85

0.97

+0.88

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.36

0.88

-0.51

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.93

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

1.03

-0.59

Correlation

The correlation between EMGU.L and CSP1.L is 0.59, 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

EMGU.L vs. CSP1.L - Dividend Comparison

EMGU.L's dividend yield for the trailing twelve months is around 1.90%, while CSP1.L has not paid dividends to shareholders.

TTM202520242023202220212020
EMGU.L
iShares Core MSCI Emerging Markets IMI UCITS ETF		1.90%1.93%2.26%2.51%3.16%1.86%1.81%
CSP1.L
iShares Core S&P 500 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

EMGU.L vs. CSP1.L - Drawdown Comparison

The maximum EMGU.L drawdown since its inception was -25.97%, roughly equal to the maximum CSP1.L drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for EMGU.L and CSP1.L.

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Drawdown Indicators

EMGU.LCSP1.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.97%

-25.48%

-0.49%

Max Drawdown (1Y)

Largest decline over 1 year

-10.86%

-10.33%

-0.53%

Max Drawdown (5Y)

Largest decline over 5 years

-22.05%

-20.77%

-1.28%

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.48%

—

Current Drawdown

Current decline from peak

-7.57%

-4.74%

-2.83%

Average Drawdown

Average peak-to-trough decline

-9.22%

-3.35%

-5.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.07%

2.07%

+1.00%

Volatility

EMGU.L vs. CSP1.L - Volatility Comparison

iShares Core MSCI Emerging Markets IMI UCITS ETF (EMGU.L) has a higher volatility of 6.86% compared to iShares Core S&P 500 UCITS ETF (CSP1.L) at 3.75%. This indicates that EMGU.L's price experiences larger fluctuations and is considered to be riskier than CSP1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMGU.LCSP1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.86%

3.75%

+3.11%

Volatility (6M)

Calculated over the trailing 6-month period

12.09%

8.30%

+3.79%

Volatility (1Y)

Calculated over the trailing 1-year period

16.08%

15.14%

+0.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.23%

14.38%

+0.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.39%

15.60%

+1.79%