EMIM.L vs. LDME.L
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and LDME.L (L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis) are both Emerging Markets Equities funds - EMIM.L tracks the MSCI Emerging Markets Investable Market Index (IMI) while LDME.L tracks the L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis. Both are passively managed. Over the past 5 years, EMIM.L returned 7.68%/yr vs 9.82%/yr for LDME.L. Their correlation of 0.80 suggests significant overlap in exposure. EMIM.L charges 0.18%/yr vs 0.45%/yr for LDME.L.
Performance
EMIM.L vs. LDME.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMIM.L achieves a 18.12% return, which is significantly higher than LDME.L's 11.94% return.
EMIM.L
- 1D
- -1.00%
- 1M
- -6.46%
- 6M
- 13.01%
- YTD
- 18.12%
- 1Y
- 33.59%
- 3Y*
- 18.17%
- 5Y*
- 7.68%
- 10Y*
- 9.04%
LDME.L
- 1D
- -0.95%
- 1M
- -4.00%
- 6M
- 8.40%
- YTD
- 11.94%
- 1Y
- 21.67%
- 3Y*
- 16.11%
- 5Y*
- 9.82%
- 10Y*
- —
EMIM.L vs. LDME.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 18.12% | 23.35% | 9.18% | 4.93% | -10.17% | -2.32% |
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 11.94% | 16.54% | 11.33% | 10.64% | -2.34% | 7,358.59% |
Correlation
The correlation between EMIM.L and LDME.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.80 |
The correlation between EMIM.L and LDME.L has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
EMIM.L vs. LDME.L — Risk / Return Rank
EMIM.L
LDME.L
EMIM.L vs. LDME.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 L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.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 | LDME.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 3.53 | -0.47 |
| Martin ratioReturn relative to average drawdown | 9.23 | 9.38 | -0.15 |
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Drawdowns
EMIM.L vs. LDME.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, which is greater than LDME.L's maximum drawdown of -14.82%. Use the drawdown chart below to compare losses from any high point for EMIM.L and LDME.L.
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Drawdown Indicators
| EMIM.L | LDME.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -14.82% | -16.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -6.44% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -14.82% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -20.99% | -14.82% | -6.17% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | — | — |
Current DrawdownCurrent decline from peak | -9.30% | -5.29% | -4.01% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -3.24% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.42% | +1.21% |
Volatility
EMIM.L vs. LDME.L - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a higher volatility of 8.56% compared to L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.L) at 3.97%. This indicates that EMIM.L's price experiences larger fluctuations and is considered to be riskier than LDME.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 | LDME.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.56% | 3.97% | +4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 17.15% | 9.77% | +7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 12.12% | +7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 12.65% | +3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 3,216.41% | -3,198.41% |
EMIM.L vs. LDME.L - Expense Ratio Comparison
EMIM.L has a 0.18% expense ratio, which is lower than LDME.L's 0.45% expense ratio.
Dividends
EMIM.L vs. LDME.L - Dividend Comparison
EMIM.L has not paid dividends to shareholders, while LDME.L's dividend yield for the trailing twelve months is around 2.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 2.85% | 3.04% | 3.67% | 3.56% | 4.57% | 1.55% |
Frequently Asked Questions
EMIM.L and LDME.L have a correlation of 0.78, 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 0.45% for LDME.L.
EMIM.L tracks MSCI Emerging Markets Investable Market Index (IMI), while LDME.L tracks L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis. They also come from different issuers: iShares and L&G. Their fees differ too: 0.18% for EMIM.L and 0.45% for LDME.L.
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