EMIM.L vs. IWDG.L
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and IWDG.L (iShares Core MSCI World UCITS ETF) are both exchange-traded funds - EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while IWDG.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, EMIM.L returned 8.57%/yr vs 11.81%/yr for IWDG.L. A 0.61 correlation means they provide meaningful diversification when combined. EMIM.L charges 0.18%/yr vs 0.30%/yr for IWDG.L.
Performance
EMIM.L vs. IWDG.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 IWDG.L's 8.77% return.
EMIM.L
- 1D
- 2.84%
- 1M
- 1.03%
- YTD
- 22.83%
- 6M
- 25.36%
- 1Y
- 46.92%
- 3Y*
- 19.09%
- 5Y*
- 8.57%
- 10Y*
- 11.13%
IWDG.L
- 1D
- 2.00%
- 1M
- 0.25%
- YTD
- 8.77%
- 6M
- 10.04%
- 1Y
- 24.75%
- 3Y*
- 19.32%
- 5Y*
- 11.81%
- 10Y*
- —
EMIM.L vs. IWDG.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% | 13.18% |
IWDG.L iShares Core MSCI World UCITS ETF | 8.77% | 18.71% | 21.37% | 23.13% | -17.43% | 24.30% | 11.80% | 24.91% | -8.73% | 10.33% |
Correlation
The correlation between EMIM.L and IWDG.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 22, 2017 | 0.61 |
The correlation between EMIM.L and IWDG.L shifts across timeframes, from 0.55 (5 years) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMIM.L vs. IWDG.L — Risk / Return Rank
EMIM.L
IWDG.L
EMIM.L vs. IWDG.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 World UCITS ETF (IWDG.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 | IWDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 3.14 | +0.95 |
| Martin ratioReturn relative to average drawdown | 14.02 | 13.33 | +0.69 |
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Drawdowns
EMIM.L vs. IWDG.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, smaller than the maximum IWDG.L drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for EMIM.L and IWDG.L.
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Drawdown Indicators
| EMIM.L | IWDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -34.20% | +2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -7.64% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -17.57% | +2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -22.82% | +0.84% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | — | — |
Current DrawdownCurrent decline from peak | -3.48% | -1.49% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -4.61% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 1.80% | +1.40% |
Volatility
EMIM.L vs. IWDG.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 MSCI World UCITS ETF (IWDG.L) at 3.70%. This indicates that EMIM.L's price experiences larger fluctuations and is considered to be riskier than IWDG.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 | IWDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 3.70% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 9.06% | +5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 11.78% | +5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 14.89% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 15.94% | +1.92% |
EMIM.L vs. IWDG.L - Expense Ratio Comparison
EMIM.L has a 0.18% expense ratio, which is lower than IWDG.L's 0.30% expense ratio.
Dividends
EMIM.L vs. IWDG.L - Dividend Comparison
EMIM.L has not paid dividends to shareholders, while IWDG.L's dividend yield for the trailing twelve months is around 1.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IWDG.L iShares Core MSCI World UCITS ETF | 1.04% | 1.11% | 1.24% | 1.42% | 1.74% | 1.19% | 1.35% | 1.83% | 2.14% | 0.61% |
Frequently Asked Questions
EMIM.L and IWDG.L have a correlation of 0.66, 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 0.30% for IWDG.L.
EMIM.L is categorized as Emerging Markets Equities, while IWDG.L is Global Equities. EMIM.L tracks MSCI EM NR USD, while IWDG.L tracks MSCI World Index. Their fees differ too: 0.18% for EMIM.L and 0.30% for IWDG.L.
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