EMIM.L vs. JMRE.L

Last updated Jun 5, 2026

EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and JMRE.L (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from iShares and JPMorgan respectively. Both are passively managed. Over the past 5 years, EMIM.L returned 8.76%/yr vs 8.43%/yr for JMRE.L. With a 0.97 correlation, they move nearly in lockstep. EMIM.L charges 0.18%/yr vs 0.30%/yr for JMRE.L.

Performance

EMIM.L vs. JMRE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) and JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JMRE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMIM.L achieves a 24.23% return, which is significantly lower than JMRE.L's 29.27% return.

EMIM.L

• 1D: -1.35%
• 1M: 5.54%
• YTD: 24.23%
• 6M: 26.48%
• 1Y: 50.85%
• 3Y*: 20.15%
• 5Y*: 8.76%
• 10Y*: 11.09%

JMRE.L

• 1D: -1.66%
• 1M: 6.70%
• YTD: 29.27%
• 6M: 31.42%
• 1Y: 58.05%
• 3Y*: 21.44%
• 5Y*: 8.43%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMIM.L vs. JMRE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	24.23%	23.35%	9.18%	4.93%	-10.17%	0.74%	14.91%	12.69%	-2.63%
JMRE.L JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	29.27%	25.64%	8.21%	2.02%	-12.02%	-1.26%	16.34%	15.61%	-24.67%

Correlation

The correlation between EMIM.L and JMRE.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Dec 6, 2018	0.97

The correlation between EMIM.L and JMRE.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

EMIM.L vs. JMRE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMIM.L

EMIM.L Risk / Return Rank: 87
EMIM.L Sharpe Ratio Rank: 90
EMIM.L Sortino Ratio Rank: 87
EMIM.L Omega Ratio Rank: 90
EMIM.L Calmar Ratio Rank: 85
EMIM.L Martin Ratio Rank: 83

JMRE.L

JMRE.L Risk / Return Rank: 91
JMRE.L Sharpe Ratio Rank: 93
JMRE.L Sortino Ratio Rank: 92
JMRE.L Omega Ratio Rank: 93
JMRE.L Calmar Ratio Rank: 90
JMRE.L Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMIM.L vs. JMRE.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 JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JMRE.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.

	EMIM.L	JMRE.L	Difference
Sharpe ratio: Return per unit of total volatility	3.04	3.43	-0.39
Sortino ratio: Return per unit of downside risk	3.91	4.38	-0.47
Omega ratio: Gain probability vs. loss probability	1.57	1.63	-0.07
Calmar ratio: Return relative to maximum drawdown	4.63	5.49	-0.86
Martin ratio: Return relative to average drawdown	16.57	19.12	-2.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMIM.L vs. JMRE.L - Sharpe Ratio Comparison

The current EMIM.L Sharpe Ratio is 3.04, which is comparable to the JMRE.L Sharpe Ratio of 3.43. The chart below compares the historical Sharpe Ratios of EMIM.L and JMRE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMIM.L	JMRE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.04	3.43	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.32	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.24	+0.25

Drawdowns

EMIM.L vs. JMRE.L - Drawdown Comparison

The maximum EMIM.L drawdown since its inception was -31.70%, roughly equal to the maximum JMRE.L drawdown of -31.64%. Use the drawdown chart below to compare losses from any high point for EMIM.L and JMRE.L.

Drawdown Indicators

	EMIM.L	JMRE.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.70%	-31.64%	-0.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-10.51%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	-15.56%	-23.91%	+8.35%
Max Drawdown (5Y) Largest decline over 5 years	-21.98%	-25.50%	+3.52%
Max Drawdown (10Y) Largest decline over 10 years	-26.46%	—	—
Current Drawdown Current decline from peak	-2.39%	-2.44%	+0.05%
Average Drawdown Average peak-to-trough decline	-8.71%	-14.76%	+6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	3.03%	+0.03%

Volatility

EMIM.L vs. JMRE.L - Volatility Comparison

The current volatility for iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) is 7.03%, while JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JMRE.L) has a volatility of 7.50%. This indicates that EMIM.L experiences smaller price fluctuations and is considered to be less risky than JMRE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMIM.L	JMRE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.03%	7.50%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	14.14%	14.44%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	16.67%	16.87%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.82%	26.64%	-10.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.81%	26.15%	-8.34%

EMIM.L vs. JMRE.L - Expense Ratio Comparison

EMIM.L has a 0.18% expense ratio, which is lower than JMRE.L's 0.30% expense ratio.

Dividends

EMIM.L vs. JMRE.L - Dividend Comparison

Neither EMIM.L nor JMRE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EMIM.L and JMRE.L in my portfolio?

With a correlation of 0.98, EMIM.L and JMRE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, EMIM.L or JMRE.L?

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.

Which ETF is cheaper, EMIM.L or JMRE.L?

EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.30% for JMRE.L.

What is the main difference between EMIM.L and JMRE.L?

Both ETFs track MSCI EM NR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.18% for EMIM.L and 0.30% for JMRE.L.