EMM vs. EIMI.L
Compare and contrast key facts about Global X Emerging Markets ex-China ETF (EMM) and iShares Core MSCI EM IMI UCITS ETF (EIMI.L).
EMM and EIMI.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMM is an actively managed fund by Global X. It was launched on Sep 24, 2010. EIMI.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on May 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMM or EIMI.L.
Key characteristics
| EMM | EIMI.L | |
|---|---|---|
| YTD Return | 7.02% | 8.77% |
| 1Y Return | 13.10% | 15.38% |
| Sharpe Ratio | 0.75 | 1.00 |
| Daily Std Dev | 16.29% | 14.75% |
| Max Drawdown | -13.61% | -38.73% |
| Current Drawdown | -6.02% | -13.98% |
Correlation
The correlation between EMM and EIMI.L is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EMM vs. EIMI.L - Performance Comparison
In the year-to-date period, EMM achieves a 7.02% return, which is significantly lower than EIMI.L's 8.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMM vs. EIMI.L - Expense Ratio Comparison
EMM has a 0.75% expense ratio, which is higher than EIMI.L's 0.18% expense ratio.
Risk-Adjusted Performance
EMM vs. EIMI.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets ex-China ETF (EMM) and iShares Core MSCI EM IMI UCITS ETF (EIMI.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.
Dividends
EMM vs. EIMI.L - Dividend Comparison
EMM's dividend yield for the trailing twelve months is around 0.92%, while EIMI.L has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
EMM Global X Emerging Markets ex-China ETF | 0.92% | 0.66% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 0.00% | 0.00% |
Drawdowns
EMM vs. EIMI.L - Drawdown Comparison
The maximum EMM drawdown since its inception was -13.61%, smaller than the maximum EIMI.L drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for EMM and EIMI.L. For additional features, visit the drawdowns tool.
Volatility
EMM vs. EIMI.L - Volatility Comparison
Global X Emerging Markets ex-China ETF (EMM) has a higher volatility of 5.53% compared to iShares Core MSCI EM IMI UCITS ETF (EIMI.L) at 3.46%. This indicates that EMM's price experiences larger fluctuations and is considered to be riskier than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.