EMIM.L vs. CSPX.L
Compare and contrast key facts about iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L).
EMIM.L and CSPX.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMIM.L is a passively managed fund by iShares that tracks the performance of the MSCI EM NR USD. It was launched on May 30, 2014. CSPX.L is a passively managed fund by Blackrock Financial Management that tracks the performance of the S&P 500 Index. It was launched on May 18, 2010. Both EMIM.L and CSPX.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMIM.L or CSPX.L.
Key characteristics
| EMIM.L | CSPX.L | |
|---|---|---|
| YTD Return | 5.37% | 18.54% |
| 1Y Return | 7.31% | 26.61% |
| 3Y Return (Ann) | -0.50% | 9.47% |
| 5Y Return (Ann) | 3.33% | 14.81% |
| 10Y Return (Ann) | 5.10% | 12.61% |
| Sharpe Ratio | 0.62 | 2.26 |
| Daily Std Dev | 12.51% | 12.21% |
| Max Drawdown | -31.70% | -33.90% |
| Current Drawdown | -9.13% | -0.31% |
Correlation
The correlation between EMIM.L and CSPX.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.
Performance
EMIM.L vs. CSPX.L - Performance Comparison
In the year-to-date period, EMIM.L achieves a 5.37% return, which is significantly lower than CSPX.L's 18.54% return. Over the past 10 years, EMIM.L has underperformed CSPX.L with an annualized return of 5.10%, while CSPX.L has yielded a comparatively higher 12.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMIM.L vs. CSPX.L - Expense Ratio Comparison
EMIM.L has a 0.18% expense ratio, which is higher than CSPX.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%.
Risk-Adjusted Performance
EMIM.L vs. CSPX.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.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.
Dividends
EMIM.L vs. CSPX.L - Dividend Comparison
Neither EMIM.L nor CSPX.L has paid dividends to shareholders.
Drawdowns
EMIM.L vs. CSPX.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, smaller than the maximum CSPX.L drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for EMIM.L and CSPX.L. For additional features, visit the drawdowns tool.
Volatility
EMIM.L vs. CSPX.L - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) have volatilities of 4.16% and 4.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.