EMIM.L vs. IS0E.DE
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and IS0E.DE (iShares Gold Producers UCITS ETF) are both exchange-traded funds - EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while IS0E.DE is a Gold fund tracking the S&P Commodity Producers Gold. Both are passively managed. Over the past 10 years, EMIM.L returned 11.13%/yr vs 13.79%/yr for IS0E.DE. At a 0.20 correlation, their price movements are largely independent. EMIM.L charges 0.18%/yr vs 0.55%/yr for IS0E.DE.
Performance
EMIM.L vs. IS0E.DE - Performance Comparison
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Different Trading Currencies
EMIM.L is traded in GBp, while IS0E.DE is traded in EUR. To make them comparable, the IS0E.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 IS0E.DE's -8.03% return. Over the past 10 years, EMIM.L has underperformed IS0E.DE with an annualized return of 11.13%, while IS0E.DE has yielded a comparatively higher 13.79% annualized return.
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%
IS0E.DE
- 1D
- 5.79%
- 1M
- -9.14%
- YTD
- -8.03%
- 6M
- -5.51%
- 1Y
- 48.31%
- 3Y*
- 36.51%
- 5Y*
- 18.39%
- 10Y*
- 13.79%
EMIM.L vs. IS0E.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% |
IS0E.DE iShares Gold Producers UCITS ETF | -8.03% | 141.53% | 13.58% | 4.13% | 1.53% | -9.91% | 19.91% | 36.58% | -3.09% | -2.00% |
Correlation
The correlation between EMIM.L and IS0E.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.20 |
The correlation between EMIM.L and IS0E.DE shifts across timeframes, from 0.20 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMIM.L vs. IS0E.DE — Risk / Return Rank
EMIM.L
IS0E.DE
EMIM.L vs. IS0E.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 Gold Producers UCITS ETF (IS0E.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 | IS0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.22 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 1.55 | +2.55 |
| Martin ratioReturn relative to average drawdown | 14.02 | 4.39 | +9.63 |
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Drawdowns
EMIM.L vs. IS0E.DE - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, smaller than the maximum IS0E.DE drawdown of -84.92%. Use the drawdown chart below to compare losses from any high point for EMIM.L and IS0E.DE.
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Drawdown Indicators
| EMIM.L | IS0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -84.92% | +53.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -33.87% | +22.95% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -33.87% | +18.31% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -34.39% | +12.41% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | -43.70% | +17.24% |
Current DrawdownCurrent decline from peak | -3.48% | -29.42% | +25.94% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -55.12% | +46.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 11.92% | -8.72% |
Volatility
EMIM.L vs. IS0E.DE - Volatility Comparison
The current volatility for iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) is 7.38%, while iShares Gold Producers UCITS ETF (IS0E.DE) has a volatility of 14.20%. This indicates that EMIM.L experiences smaller price fluctuations and is considered to be less risky than IS0E.DE 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 | IS0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 14.20% | -6.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 34.23% | -19.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 42.42% | -25.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 32.15% | -16.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 32.51% | -14.65% |
EMIM.L vs. IS0E.DE - Expense Ratio Comparison
EMIM.L has a 0.18% expense ratio, which is lower than IS0E.DE's 0.55% expense ratio.
Dividends
EMIM.L vs. IS0E.DE - Dividend Comparison
Neither EMIM.L nor IS0E.DE has paid dividends to shareholders.
Frequently Asked Questions
EMIM.L and IS0E.DE have a correlation of 0.38, 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 0.55% for IS0E.DE.
EMIM.L is categorized as Emerging Markets Equities, while IS0E.DE is Gold. EMIM.L tracks MSCI EM NR USD, while IS0E.DE tracks S&P Commodity Producers Gold. Their fees differ too: 0.18% for EMIM.L and 0.55% for IS0E.DE.
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