EMIM.L vs. TIGB.L
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and TIGB.L (Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist) are both exchange-traded funds - EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while TIGB.L is a Short-Term Bond fund tracking the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 3 years, EMIM.L returned 20.15%/yr vs 4.48%/yr for TIGB.L. At a correlation of -0.05, they often move in opposite directions. EMIM.L charges 0.18%/yr vs 0.10%/yr for TIGB.L.
Performance
EMIM.L vs. TIGB.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMIM.L achieves a 24.23% return, which is significantly higher than TIGB.L's 1.42% return.
EMIM.L
- 1D
- -1.35%
- 1M
- 3.19%
- YTD
- 24.23%
- 6M
- 25.19%
- 1Y
- 49.71%
- 3Y*
- 20.15%
- 5Y*
- 8.76%
- 10Y*
- 11.09%
TIGB.L
- 1D
- 0.09%
- 1M
- 0.30%
- YTD
- 1.42%
- 6M
- 1.75%
- 1Y
- 3.80%
- 3Y*
- 4.48%
- 5Y*
- —
- 10Y*
- —
EMIM.L vs. TIGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.23% | 23.35% | 9.18% | 4.93% | -8.44% |
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist | 1.42% | 4.10% | 4.94% | 4.27% | 0.03% |
Correlation
The correlation between EMIM.L and TIGB.L is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | -0.05 |
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. TIGB.L — Risk / Return Rank
EMIM.L
TIGB.L
EMIM.L vs. TIGB.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 Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.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 | TIGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 2.34 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 12.51 | -7.88 |
| Martin ratioReturn relative to average drawdown | 16.57 | 73.64 | -57.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EMIM.L | TIGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.04 | 3.87 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
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 | 5.48 | -4.99 |
Drawdowns
EMIM.L vs. TIGB.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, which is greater than TIGB.L's maximum drawdown of -0.50%. Use the drawdown chart below to compare losses from any high point for EMIM.L and TIGB.L.
Loading charts...
Drawdown Indicators
| EMIM.L | TIGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -0.50% | -31.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -0.30% | -10.62% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -0.30% | -15.26% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | 0.00% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -0.03% | -8.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 0.05% | +3.01% |
Volatility
EMIM.L vs. TIGB.L - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a higher volatility of 7.03% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) at 0.45%. This indicates that EMIM.L's price experiences larger fluctuations and is considered to be riskier than TIGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMIM.L | TIGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 0.45% | +6.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 0.71% | +13.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.67% | 0.97% | +15.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 0.74% | +15.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 0.74% | +17.07% |
EMIM.L vs. TIGB.L - Expense Ratio Comparison
EMIM.L has a 0.18% expense ratio, which is higher than TIGB.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMIM.L vs. TIGB.L - Dividend Comparison
EMIM.L has not paid dividends to shareholders, while TIGB.L's dividend yield for the trailing twelve months is around 3.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist | 3.92% | 4.11% | 4.93% | 4.53% | 1.46% |
Frequently Asked Questions
EMIM.L and TIGB.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TIGB.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIGB.L is cheaper with a 0.10% expense ratio, compared with 0.18% for EMIM.L.
EMIM.L is categorized as Emerging Markets Equities, while TIGB.L is Short-Term Bond. EMIM.L tracks MSCI EM NR USD, while TIGB.L tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for EMIM.L and 0.10% for TIGB.L.
Find the right allocation for EMIM.L and TIGB.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