EMIM.L vs. ISF.L
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and ISF.L (iShares Core FTSE 100 UCITS ETF (Dist)) are both exchange-traded funds - EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while ISF.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, EMIM.L returned 11.13%/yr vs 9.81%/yr for ISF.L. A 0.62 correlation means they provide meaningful diversification when combined. EMIM.L charges 0.18%/yr vs 0.07%/yr for ISF.L.
Performance
EMIM.L vs. ISF.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMIM.L achieves a 22.83% return, which is significantly higher than ISF.L's 7.07% return. Over the past 10 years, EMIM.L has outperformed ISF.L with an annualized return of 11.13%, while ISF.L has yielded a comparatively lower 9.81% annualized return.
EMIM.L
- 1D
- 2.84%
- 1M
- 1.78%
- YTD
- 22.83%
- 6M
- 25.36%
- 1Y
- 44.91%
- 3Y*
- 19.09%
- 5Y*
- 8.57%
- 10Y*
- 11.13%
ISF.L
- 1D
- 1.50%
- 1M
- 1.56%
- YTD
- 7.07%
- 6M
- 10.11%
- 1Y
- 21.22%
- 3Y*
- 15.23%
- 5Y*
- 11.88%
- 10Y*
- 9.81%
EMIM.L vs. ISF.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) | 22.83% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | -9.32% | 24.72% |
ISF.L iShares Core FTSE 100 UCITS ETF (Dist) | 7.07% | 25.97% | 9.28% | 7.81% | 4.83% | 17.68% | -11.67% | 17.11% | -8.96% | 13.10% |
Correlation
The correlation between EMIM.L and ISF.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.62 |
Over the past year, the correlation between EMIM.L and ISF.L has dropped to 0.41 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
EMIM.L vs. ISF.L — Risk / Return Rank
EMIM.L
ISF.L
EMIM.L vs. ISF.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 FTSE 100 UCITS ETF (Dist) (ISF.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.
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 | ISF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.36 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 2.40 | +1.70 |
| Martin ratioReturn relative to average drawdown | 14.02 | 7.89 | +6.12 |
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Drawdowns
EMIM.L vs. ISF.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, smaller than the maximum ISF.L drawdown of -45.00%. Use the drawdown chart below to compare losses from any high point for EMIM.L and ISF.L.
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Drawdown Indicators
| EMIM.L | ISF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -45.00% | +13.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -8.82% | -2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -12.69% | -2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -12.69% | -9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | -34.13% | +7.67% |
Current DrawdownCurrent decline from peak | -3.48% | -3.05% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -6.45% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.68% | +0.52% |
Volatility
EMIM.L vs. ISF.L - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a higher volatility of 7.38% compared to iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L) at 3.51%. This indicates that EMIM.L's price experiences larger fluctuations and is considered to be riskier than ISF.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 | ISF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 3.51% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 9.53% | +5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 10.94% | +6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 12.59% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 14.84% | +3.02% |
EMIM.L vs. ISF.L - Expense Ratio Comparison
EMIM.L has a 0.18% expense ratio, which is higher than ISF.L's 0.07% 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. ISF.L - Dividend Comparison
EMIM.L has not paid dividends to shareholders, while ISF.L's dividend yield for the trailing twelve months is around 1.71%.
| 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% |
ISF.L iShares Core FTSE 100 UCITS ETF (Dist) | 1.71% | 3.01% | 3.71% | 3.86% | 3.75% | 3.76% | 3.11% | 4.47% | 4.44% | 3.96% | 3.79% | 4.12% |
Frequently Asked Questions
EMIM.L and ISF.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISF.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISF.L is cheaper with a 0.07% expense ratio, compared with 0.18% for EMIM.L.
EMIM.L is categorized as Emerging Markets Equities, while ISF.L is Europe Equities. EMIM.L tracks MSCI EM NR USD, while ISF.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.18% for EMIM.L and 0.07% for ISF.L.
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