EMIM.L vs. EIMI.L
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both Emerging Markets Equities funds from iShares - EMIM.L tracks the MSCI EM NR USD while EIMI.L tracks the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 10 years, EMIM.L returned 11.09%/yr vs 11.09%/yr for EIMI.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
EMIM.L vs. EIMI.L - Performance Comparison
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Different Trading Currencies
EMIM.L is traded in GBp, while EIMI.L is traded in USD. To make them comparable, the EIMI.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 EIMI.L slightly higher at 24.75%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: EMIM.L at 11.09% and EIMI.L at 11.09%.
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%
EIMI.L
- 1D
- -1.30%
- 1M
- 5.47%
- YTD
- 24.75%
- 6M
- 26.33%
- 1Y
- 50.86%
- 3Y*
- 20.20%
- 5Y*
- 8.77%
- 10Y*
- 11.09%
EMIM.L vs. EIMI.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) | 24.23% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | -9.32% | 24.72% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 24.75% | 22.75% | 9.23% | 5.48% | -10.12% | 0.29% | 15.31% | 11.94% | -9.08% | 25.11% |
Correlation
The correlation between EMIM.L and EIMI.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014 | 0.94 |
The correlation between EMIM.L and EIMI.L has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
EMIM.L vs. EIMI.L — Risk / Return Rank
EMIM.L
EIMI.L
EMIM.L vs. EIMI.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 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.
| EMIM.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.53 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 4.78 | -0.15 |
| Martin ratioReturn relative to average drawdown | 16.57 | 16.25 | +0.31 |
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
| EMIM.L | EIMI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.04 | 2.83 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.53 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.60 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.47 | +0.01 |
Drawdowns
EMIM.L vs. EIMI.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, roughly equal to the maximum EIMI.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for EMIM.L and EIMI.L.
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Drawdown Indicators
| EMIM.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -31.70% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -10.58% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -15.79% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -22.27% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | -26.10% | -0.36% |
Current DrawdownCurrent decline from peak | -2.39% | -2.29% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -8.72% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 3.12% | -0.06% |
Volatility
EMIM.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) is 7.03%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 7.58%. This indicates that EMIM.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
| EMIM.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 7.58% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 15.58% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.67% | 17.91% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 16.61% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 18.39% | -0.58% |
EMIM.L vs. EIMI.L - Expense Ratio Comparison
Both EMIM.L and EIMI.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. EIMI.L - Dividend Comparison
Neither EMIM.L nor EIMI.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, EMIM.L and EIMI.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 EIMI.L have the same expense ratio: 0.18% per year.
EMIM.L tracks MSCI EM NR USD, while EIMI.L tracks MSCI Emerging Markets Investable Market Index.
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