EMIM.L vs. EMXC.L
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and EMXC.L (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from iShares and Amundi respectively. Both are passively managed. Over the past 5 years, EMIM.L returned 8.76%/yr vs 12.73%/yr for EMXC.L. A 0.79 correlation means they provide meaningful diversification when combined. EMIM.L charges 0.18%/yr vs 0.15%/yr for EMXC.L.
Performance
EMIM.L vs. EMXC.L - Performance Comparison
Loading charts...
Different Trading Currencies
EMIM.L is traded in GBp, while EMXC.L is traded in EUR. To make them comparable, the EMXC.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMIM.L achieves a 24.23% return, which is significantly lower than EMXC.L's 36.90% return.
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%
EMXC.L
- 1D
- -1.67%
- 1M
- 7.77%
- YTD
- 36.90%
- 6M
- 42.14%
- 1Y
- 76.11%
- 3Y*
- 28.72%
- 5Y*
- 12.73%
- 10Y*
- —
EMIM.L vs. EMXC.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% | 0.93% |
EMXC.L Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 36.90% | 42.48% | -1.55% | 16.26% | -14.35% | 1.73% | 19.53% | -1.34% |
Correlation
The correlation between EMIM.L and EMXC.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2019 | 0.79 |
The correlation between EMIM.L and EMXC.L has been stable across timeframes, ranging from 0.77 to 0.86 - 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. EMXC.L — Risk / Return Rank
EMIM.L
EMXC.L
EMIM.L vs. EMXC.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 Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.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 | EMXC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.63 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 5.28 | -0.65 |
| Martin ratioReturn relative to average drawdown | 16.57 | 19.98 | -3.42 |
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 | EMXC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.04 | 3.53 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.72 | -0.17 |
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 | 0.64 | -0.15 |
Drawdowns
EMIM.L vs. EMXC.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, smaller than the maximum EMXC.L drawdown of -35.29%. Use the drawdown chart below to compare losses from any high point for EMIM.L and EMXC.L.
Loading charts...
Drawdown Indicators
| EMIM.L | EMXC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -35.29% | +3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -14.33% | +3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -18.37% | +2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -27.39% | +5.41% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -2.64% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -8.63% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 3.80% | -0.74% |
Volatility
EMIM.L vs. EMXC.L - Volatility Comparison
The current volatility for iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) is 7.03%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.L) has a volatility of 9.63%. This indicates that EMIM.L experiences smaller price fluctuations and is considered to be less risky than EMXC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMIM.L | EMXC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 9.63% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 19.08% | -4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.67% | 21.45% | -4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 17.70% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 20.18% | -2.37% |
EMIM.L vs. EMXC.L - Expense Ratio Comparison
EMIM.L has a 0.18% expense ratio, which is higher than EMXC.L's 0.15% 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. EMXC.L - Dividend Comparison
Neither EMIM.L nor EMXC.L has paid dividends to shareholders.
Frequently Asked Questions
EMIM.L and EMXC.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMXC.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.L is cheaper with a 0.15% expense ratio, compared with 0.18% for EMIM.L.
Both ETFs track MSCI EM NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for EMIM.L and 0.15% for EMXC.L.
Find the right allocation for EMIM.L and EMXC.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