EMIM.L vs. IWQU.L
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and IWQU.L (iShares MSCI World Quality Factor UCITS) are both exchange-traded funds - EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while IWQU.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, EMIM.L returned 11.13%/yr vs 13.33%/yr for IWQU.L. A 0.65 correlation means they provide meaningful diversification when combined. EMIM.L charges 0.18%/yr vs 0.30%/yr for IWQU.L.
Performance
EMIM.L vs. IWQU.L - Performance Comparison
Loading charts...
Different Trading Currencies
EMIM.L is traded in GBp, while IWQU.L is traded in USD. To make them comparable, the IWQU.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 22.83% return, which is significantly higher than IWQU.L's 9.27% return. Over the past 10 years, EMIM.L has underperformed IWQU.L with an annualized return of 11.13%, while IWQU.L has yielded a comparatively higher 13.33% annualized 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%
IWQU.L
- 1D
- 1.82%
- 1M
- 1.36%
- YTD
- 9.27%
- 6M
- 9.72%
- 1Y
- 22.85%
- 3Y*
- 15.45%
- 5Y*
- 11.42%
- 10Y*
- 13.33%
EMIM.L vs. IWQU.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% |
IWQU.L iShares MSCI World Quality Factor UCITS | 9.27% | 7.07% | 19.21% | 19.60% | -9.66% | 24.87% | 11.57% | 24.71% | -2.05% | 12.88% |
Correlation
The correlation between EMIM.L and IWQU.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.65 |
The correlation between EMIM.L and IWQU.L shifts across timeframes, from 0.52 (3 years) to 0.65 (all time), reflecting how their relationship changes across market environments.
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. IWQU.L — Risk / Return Rank
EMIM.L
IWQU.L
EMIM.L vs. IWQU.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 MSCI World Quality Factor UCITS (IWQU.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 | IWQU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 3.34 | +0.75 |
| Martin ratioReturn relative to average drawdown | 14.02 | 13.22 | +0.80 |
Loading charts...
Drawdowns
EMIM.L vs. IWQU.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, which is greater than IWQU.L's maximum drawdown of -24.70%. Use the drawdown chart below to compare losses from any high point for EMIM.L and IWQU.L.
Loading charts...
Drawdown Indicators
| EMIM.L | IWQU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -24.70% | -7.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -6.67% | -4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -18.12% | +2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -18.12% | -3.86% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | -24.70% | -1.76% |
Current DrawdownCurrent decline from peak | -3.48% | 0.00% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -3.67% | -5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 1.69% | +1.51% |
Volatility
EMIM.L vs. IWQU.L - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a higher volatility of 7.38% compared to iShares MSCI World Quality Factor UCITS (IWQU.L) at 3.54%. This indicates that EMIM.L's price experiences larger fluctuations and is considered to be riskier than IWQU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMIM.L | IWQU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 3.54% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 8.70% | +6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 11.26% | +6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 14.50% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 15.51% | +2.35% |
EMIM.L vs. IWQU.L - Expense Ratio Comparison
EMIM.L has a 0.18% expense ratio, which is lower than IWQU.L's 0.30% expense ratio.
Dividends
EMIM.L vs. IWQU.L - Dividend Comparison
Neither EMIM.L nor IWQU.L has paid dividends to shareholders.
Frequently Asked Questions
EMIM.L and IWQU.L have a correlation of 0.55, 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 IWQU.L.
EMIM.L is categorized as Emerging Markets Equities, while IWQU.L is Global Equities. EMIM.L tracks MSCI EM NR USD, while IWQU.L tracks MSCI ACWI NR USD. Their fees differ too: 0.18% for EMIM.L and 0.30% for IWQU.L.
Find the right allocation for EMIM.L and IWQU.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