EMIM.L vs. EDG2.L
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and EDG2.L (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) are both Emerging Markets Equities funds from iShares tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, EMIM.L returned 8.76%/yr vs 7.75%/yr for EDG2.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.18% expense ratio.
Performance
EMIM.L vs. EDG2.L - Performance Comparison
Loading charts...
Different Trading Currencies
EMIM.L is traded in GBp, while EDG2.L is traded in GBP. To make them comparable, the EDG2.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with EMIM.L having a 24.23% return and EDG2.L slightly higher at 25.10%.
EMIM.L
- 1D
- -1.35%
- 1M
- 5.54%
- YTD
- 24.23%
- 6M
- 26.48%
- 1Y
- 50.85%
- 3Y*
- 20.15%
- 5Y*
- 8.76%
- 10Y*
- 11.09%
EDG2.L
- 1D
- -1.36%
- 1M
- 6.61%
- YTD
- 25.10%
- 6M
- 26.84%
- 1Y
- 51.62%
- 3Y*
- 20.29%
- 5Y*
- 7.75%
- 10Y*
- —
EMIM.L vs. EDG2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.23% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 3.84% |
EDG2.L iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 25.10% | 26.14% | 8.61% | 2.17% | -12.40% | -1.62% | 15.80% | 2.32% |
Correlation
The correlation between EMIM.L and EDG2.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019 | 0.98 |
The correlation between EMIM.L and EDG2.L has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMIM.L vs. EDG2.L — Risk / Return Rank
EMIM.L
EDG2.L
EMIM.L vs. EDG2.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 MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDG2.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.
| EMIM.L | EDG2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.56 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 4.54 | +0.09 |
| Martin ratioReturn relative to average drawdown | 16.57 | 15.95 | +0.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EMIM.L | EDG2.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.04 | 3.00 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.48 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.52 | -0.03 |
Drawdowns
EMIM.L vs. EDG2.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, which is greater than EDG2.L's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for EMIM.L and EDG2.L.
Loading charts...
Drawdown Indicators
| EMIM.L | EDG2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -28.22% | -3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -11.31% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -15.35% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -25.03% | +3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -2.52% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -12.12% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 3.23% | -0.17% |
Volatility
EMIM.L vs. EDG2.L - Volatility Comparison
The current volatility for iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) is 7.03%, while iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDG2.L) has a volatility of 7.51%. This indicates that EMIM.L experiences smaller price fluctuations and is considered to be less risky than EDG2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMIM.L | EDG2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 7.51% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 14.69% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.67% | 17.13% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 16.14% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 17.91% | -0.10% |
EMIM.L vs. EDG2.L - Expense Ratio Comparison
Both EMIM.L and EDG2.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
EMIM.L vs. EDG2.L - Dividend Comparison
Neither EMIM.L nor EDG2.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, EMIM.L and EDG2.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L and EDG2.L have the same expense ratio: 0.18% per year.
Both ETFs track MSCI EM NR USD.
Find the right allocation for EMIM.L and EDG2.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer