EMIM.L vs. EXSA.DE
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and EXSA.DE (iShares STOXX Europe 600 UCITS ETF (DE)) are both exchange-traded funds - EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while EXSA.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, EMIM.L returned 11.13%/yr vs 10.96%/yr for EXSA.DE. A 0.63 correlation means they provide meaningful diversification when combined. EMIM.L charges 0.18%/yr vs 0.20%/yr for EXSA.DE.
Performance
EMIM.L vs. EXSA.DE - Performance Comparison
Loading charts...
Different Trading Currencies
EMIM.L is traded in GBp, while EXSA.DE is traded in EUR. To make them comparable, the EXSA.DE 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 22.83% return, which is significantly higher than EXSA.DE's 7.85% return. Both investments have delivered pretty close results over the past 10 years, with EMIM.L having a 11.13% annualized return and EXSA.DE not far behind at 10.96%.
EMIM.L
- 1D
- 2.84%
- 1M
- 3.05%
- YTD
- 22.83%
- 6M
- 25.36%
- 1Y
- 46.92%
- 3Y*
- 19.09%
- 5Y*
- 8.57%
- 10Y*
- 11.13%
EXSA.DE
- 1D
- 1.85%
- 1M
- 1.99%
- YTD
- 7.85%
- 6M
- 9.64%
- 1Y
- 20.85%
- 3Y*
- 14.43%
- 5Y*
- 9.83%
- 10Y*
- 10.96%
EMIM.L vs. EXSA.DE - 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% |
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 7.85% | 26.74% | 3.77% | 13.18% | -5.44% | 15.78% | 3.76% | 21.72% | -9.80% | 15.39% |
Correlation
The correlation between EMIM.L and EXSA.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.63 |
The correlation between EMIM.L and EXSA.DE has been stable across timeframes, ranging from 0.55 to 0.63 - 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. EXSA.DE — Risk / Return Rank
EMIM.L
EXSA.DE
EMIM.L vs. EXSA.DE - 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 STOXX Europe 600 UCITS ETF (DE) (EXSA.DE). 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 | EXSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.29 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 1.87 | +2.22 |
| Martin ratioReturn relative to average drawdown | 14.02 | 6.81 | +7.20 |
Loading charts...
Drawdowns
EMIM.L vs. EXSA.DE - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, smaller than the maximum EXSA.DE drawdown of -44.77%. Use the drawdown chart below to compare losses from any high point for EMIM.L and EXSA.DE.
Loading charts...
Drawdown Indicators
| EMIM.L | EXSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -44.77% | +13.07% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -10.56% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -13.86% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -16.91% | -5.07% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | -28.13% | +1.67% |
Current DrawdownCurrent decline from peak | -3.48% | -0.26% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -6.90% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.90% | +0.30% |
Volatility
EMIM.L vs. EXSA.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a higher volatility of 7.38% compared to iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) at 3.95%. This indicates that EMIM.L's price experiences larger fluctuations and is considered to be riskier than EXSA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMIM.L | EXSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 3.95% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 10.75% | +4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 12.70% | +4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 14.30% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 15.32% | +2.54% |
EMIM.L vs. EXSA.DE - Expense Ratio Comparison
EMIM.L has a 0.18% expense ratio, which is lower than EXSA.DE's 0.20% expense ratio. Despite the difference, 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. EXSA.DE - Dividend Comparison
EMIM.L has not paid dividends to shareholders, while EXSA.DE's dividend yield for the trailing twelve months is around 2.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 2.33% | 2.54% | 2.79% | 2.68% | 2.76% | 2.22% | 1.85% | 2.87% | 2.94% | 4.42% | 3.42% | 2.97% |
Frequently Asked Questions
EMIM.L and EXSA.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.20% for EXSA.DE.
EMIM.L is categorized as Emerging Markets Equities, while EXSA.DE is Europe Equities. EMIM.L tracks MSCI EM NR USD, while EXSA.DE tracks STOXX® Europe 600. Their fees differ too: 0.18% for EMIM.L and 0.20% for EXSA.DE.
Find the right allocation for EMIM.L and EXSA.DE
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