EMIM.L vs. CUKX.L
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and CUKX.L (iShares FTSE 100 UCITS ETF) are both exchange-traded funds - EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while CUKX.L is a fund fund tracking the FTSE 100 Index. Both are passively managed. Over the past 10 years, EMIM.L returned 11.13%/yr vs 9.82%/yr for CUKX.L. A 0.62 correlation means they provide meaningful diversification when combined. EMIM.L charges 0.18%/yr vs 0.07%/yr for CUKX.L.
Performance
EMIM.L vs. CUKX.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMIM.L achieves a 22.83% return, which is significantly higher than CUKX.L's 7.04% return. Over the past 10 years, EMIM.L has outperformed CUKX.L with an annualized return of 11.13%, while CUKX.L has yielded a comparatively lower 9.82% annualized return.
EMIM.L
- 1D
- 2.84%
- 1M
- 1.78%
- YTD
- 22.83%
- 6M
- 25.36%
- 1Y
- 44.91%
- 3Y*
- 19.09%
- 5Y*
- 8.57%
- 10Y*
- 11.13%
CUKX.L
- 1D
- 1.55%
- 1M
- 1.52%
- YTD
- 7.04%
- 6M
- 10.02%
- 1Y
- 21.65%
- 3Y*
- 15.22%
- 5Y*
- 11.77%
- 10Y*
- 9.82%
EMIM.L vs. CUKX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 22.83% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | -9.32% | 24.72% |
CUKX.L iShares FTSE 100 UCITS ETF | 7.04% | 25.78% | 9.30% | 7.72% | 4.97% | 17.48% | -11.28% | 17.23% | -9.05% | 12.45% |
Correlation
The correlation between EMIM.L and CUKX.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.62 |
Over the past year, the correlation between EMIM.L and CUKX.L has dropped to 0.41 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
EMIM.L vs. CUKX.L — Risk / Return Rank
EMIM.L
CUKX.L
EMIM.L vs. CUKX.L - Risk-Adjusted Trends 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 FTSE 100 UCITS ETF (CUKX.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.
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.
| EMIM.L | CUKX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.36 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 2.42 | +1.67 |
| Martin ratioReturn relative to average drawdown | 14.02 | 7.99 | +6.02 |
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Drawdowns
EMIM.L vs. CUKX.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, smaller than the maximum CUKX.L drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for EMIM.L and CUKX.L.
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Drawdown Indicators
| EMIM.L | CUKX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -34.50% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -8.89% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -12.88% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -12.88% | -9.10% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | -34.50% | +8.04% |
Current DrawdownCurrent decline from peak | -3.48% | -3.09% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -4.32% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.70% | +0.50% |
Volatility
EMIM.L vs. CUKX.L - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a higher volatility of 7.38% compared to iShares FTSE 100 UCITS ETF (CUKX.L) at 3.63%. This indicates that EMIM.L's price experiences larger fluctuations and is considered to be riskier than CUKX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMIM.L | CUKX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 3.63% | +3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 9.68% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 11.06% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 12.73% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 15.08% | +2.78% |
EMIM.L vs. CUKX.L - Expense Ratio Comparison
EMIM.L has a 0.18% expense ratio, which is higher than CUKX.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%.
Dividends
EMIM.L vs. CUKX.L - Dividend Comparison
Neither EMIM.L nor CUKX.L has paid dividends to shareholders.
Frequently Asked Questions
EMIM.L and CUKX.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CUKX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CUKX.L is cheaper with a 0.07% expense ratio, compared with 0.18% for EMIM.L.
EMIM.L tracks MSCI EM NR USD, while CUKX.L tracks FTSE 100 Index. Their fees differ too: 0.18% for EMIM.L and 0.07% for CUKX.L.
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