EMIM.L vs. KAP.L
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) is Emerging Markets Equities fund tracking the MSCI EM NR USD, while KAP.L (National Atomic Co Kazatomprom JSC ADR) is a stock. Over the past 5 years, EMIM.L returned 8.57%/yr vs 25.58%/yr for KAP.L. At a 0.22 correlation, their price movements are largely independent.
Performance
EMIM.L vs. KAP.L - Performance Comparison
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Different Trading Currencies
EMIM.L is traded in GBp, while KAP.L is traded in USD. To make them comparable, the KAP.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 lower than KAP.L's 25.01% 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%
KAP.L
- 1D
- -0.06%
- 1M
- -3.17%
- YTD
- 25.01%
- 6M
- 18.95%
- 1Y
- 79.07%
- 3Y*
- 40.87%
- 5Y*
- 25.58%
- 10Y*
- —
EMIM.L vs. KAP.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) | 22.83% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | 3.14% |
KAP.L National Atomic Co Kazatomprom JSC ADR | 25.01% | 45.40% | 0.31% | 47.37% | -7.95% | 116.59% | 44.01% | -2.60% | 15.31% |
Correlation
The correlation between EMIM.L and KAP.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2018 | 0.22 |
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Return for Risk
EMIM.L vs. KAP.L — Risk / Return Rank
EMIM.L
KAP.L
EMIM.L vs. KAP.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 National Atomic Co Kazatomprom JSC ADR (KAP.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 | KAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.30 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 3.11 | +0.98 |
| Martin ratioReturn relative to average drawdown | 14.02 | 9.09 | +4.93 |
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Drawdowns
EMIM.L vs. KAP.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, smaller than the maximum KAP.L drawdown of -46.41%. Use the drawdown chart below to compare losses from any high point for EMIM.L and KAP.L.
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Drawdown Indicators
| EMIM.L | KAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -46.41% | +14.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -25.26% | +14.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -35.54% | +19.98% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -46.41% | +24.43% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | — | — |
Current DrawdownCurrent decline from peak | -3.48% | -23.54% | +20.06% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -14.43% | +5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 8.67% | -5.47% |
Volatility
EMIM.L vs. KAP.L - Volatility Comparison
The current volatility for iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) is 7.38%, while National Atomic Co Kazatomprom JSC ADR (KAP.L) has a volatility of 10.41%. This indicates that EMIM.L experiences smaller price fluctuations and is considered to be less risky than KAP.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 | KAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 10.41% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 36.74% | -21.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 45.99% | -28.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 46.59% | -30.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 42.69% | -24.83% |
Dividends
EMIM.L vs. KAP.L - Dividend Comparison
EMIM.L has not paid dividends to shareholders, while KAP.L's dividend yield for the trailing twelve months is around 3.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
KAP.L National Atomic Co Kazatomprom JSC ADR | 3.56% | 4.43% | 7.27% | 4.26% | 6.44% | 3.69% | 5.14% | 6.23% |
Frequently Asked Questions
EMIM.L and KAP.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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