EMRD.L vs. EEDS.L
EMRD.L (State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc)) and EEDS.L (iShares MSCI USA CTB Enhanced ESG UCITS ETF USD (Dist)) are both exchange-traded funds - EMRD.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Index, while EEDS.L is a Large Cap Blend Equities fund tracking the MSCI USA ESG Enhanced CTB Index. Both are passively managed. Over the past 5 years, EMRD.L returned 6.42%/yr vs 10.81%/yr for EEDS.L. A 0.65 correlation means they provide meaningful diversification when combined. EMRD.L charges 0.18%/yr vs 0.07%/yr for EEDS.L.
Performance
EMRD.L vs. EEDS.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMRD.L achieves a 16.13% return, which is significantly higher than EEDS.L's 8.07% return.
EMRD.L
- 1D
- -1.91%
- 1M
- -9.43%
- 6M
- 10.42%
- YTD
- 16.13%
- 1Y
- 31.48%
- 3Y*
- 19.48%
- 5Y*
- 6.42%
- 10Y*
- 8.78%
EEDS.L
- 1D
- -1.30%
- 1M
- -0.41%
- 6M
- 7.35%
- YTD
- 8.07%
- 1Y
- 18.22%
- 3Y*
- 17.80%
- 5Y*
- 10.81%
- 10Y*
- —
EMRD.L vs. EEDS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMRD.L State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) | 16.13% | 34.18% | 7.65% | 9.74% | -20.67% | -2.26% | 17.96% | 9.57% |
EEDS.L iShares MSCI USA CTB Enhanced ESG UCITS ETF USD (Dist) | 8.07% | 14.97% | 24.21% | 26.17% | -21.67% | 27.87% | 22.28% | 19.63% |
Correlation
The correlation between EMRD.L and EEDS.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.65 |
The correlation between EMRD.L and EEDS.L has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
EMRD.L vs. EEDS.L — Risk / Return Rank
EMRD.L
EEDS.L
EMRD.L vs. EEDS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) (EMRD.L) and iShares MSCI USA CTB Enhanced ESG UCITS ETF USD (Dist) (EEDS.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.
| EMRD.L | EEDS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 1.99 | +0.53 |
| Martin ratioReturn relative to average drawdown | 7.64 | 8.04 | -0.40 |
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Drawdowns
EMRD.L vs. EEDS.L - Drawdown Comparison
The maximum EMRD.L drawdown since its inception was -39.82%, which is greater than EEDS.L's maximum drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for EMRD.L and EEDS.L.
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Drawdown Indicators
| EMRD.L | EEDS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.82% | -33.60% | -6.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -9.10% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -19.59% | +2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -34.96% | -27.26% | -7.70% |
Max Drawdown (10Y)Largest decline over 10 years | -39.82% | — | — |
Current DrawdownCurrent decline from peak | -11.18% | -1.70% | -9.48% |
Average DrawdownAverage peak-to-trough decline | -14.50% | -5.80% | -8.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 2.26% | +1.85% |
Volatility
EMRD.L vs. EEDS.L - Volatility Comparison
State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) (EMRD.L) has a higher volatility of 9.25% compared to iShares MSCI USA CTB Enhanced ESG UCITS ETF USD (Dist) (EEDS.L) at 3.14%. This indicates that EMRD.L's price experiences larger fluctuations and is considered to be riskier than EEDS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMRD.L | EEDS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.25% | 3.14% | +6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 9.57% | +10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 12.49% | +9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.32% | 16.53% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.66% | 17.82% | +1.84% |
EMRD.L vs. EEDS.L - Expense Ratio Comparison
EMRD.L has a 0.18% expense ratio, which is higher than EEDS.L's 0.07% 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
EMRD.L vs. EEDS.L - Dividend Comparison
EMRD.L has not paid dividends to shareholders, while EEDS.L's dividend yield for the trailing twelve months is around 0.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EEDS.L iShares MSCI USA CTB Enhanced ESG UCITS ETF USD (Dist) | 0.84% | 0.89% | 1.00% | 1.15% | 1.42% | 1.01% | 1.24% | 1.07% |
EMRD.L State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMRD.L and EEDS.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EEDS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EEDS.L is cheaper with a 0.07% expense ratio, compared with 0.18% for EMRD.L.
EMRD.L is categorized as Emerging Markets Equities, while EEDS.L is Large Cap Blend Equities. EMRD.L tracks MSCI Emerging Markets Index, while EEDS.L tracks MSCI USA ESG Enhanced CTB Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for EMRD.L and 0.07% for EEDS.L.
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