EMRD.L vs. ISDE.L
EMRD.L (State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc)) and ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - EMRD.L tracks the MSCI Emerging Markets Index while ISDE.L tracks the MSCI Emerging Markets Islamic Index. Both are passively managed. Over the past 10 years, EMRD.L returned 8.95%/yr vs 11.20%/yr for ISDE.L. Their correlation of 0.80 suggests significant overlap in exposure. EMRD.L charges 0.18%/yr vs 0.85%/yr for ISDE.L.
Performance
EMRD.L vs. ISDE.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMRD.L achieves a 18.51% return, which is significantly lower than ISDE.L's 43.83% return. Over the past 10 years, EMRD.L has underperformed ISDE.L with an annualized return of 8.95%, while ISDE.L has yielded a comparatively higher 11.20% annualized return.
EMRD.L
- 1D
- -1.32%
- 1M
- -7.35%
- 6M
- 12.75%
- YTD
- 18.51%
- 1Y
- 35.69%
- 3Y*
- 20.23%
- 5Y*
- 6.85%
- 10Y*
- 8.95%
ISDE.L
- 1D
- -1.28%
- 1M
- -11.07%
- 6M
- 34.89%
- YTD
- 43.83%
- 1Y
- 74.17%
- 3Y*
- 25.27%
- 5Y*
- 10.84%
- 10Y*
- 11.20%
EMRD.L vs. ISDE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMRD.L State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) | 18.51% | 34.18% | 7.65% | 9.74% | -20.67% | -2.26% | 17.96% | 17.38% | -14.07% | 36.47% |
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist) | 43.83% | 39.00% | -3.54% | 14.04% | -22.75% | 2.66% | 22.18% | 19.37% | -17.23% | 41.70% |
Correlation
The correlation between EMRD.L and ISDE.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 16, 2011 | 0.80 |
The correlation between EMRD.L and ISDE.L has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.
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Return for Risk
EMRD.L vs. ISDE.L — Risk / Return Rank
EMRD.L
ISDE.L
EMRD.L vs. ISDE.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 EM Islamic UCITS ETF USD (Dist) (ISDE.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 | ISDE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.44 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 4.75 | -1.91 |
| Martin ratioReturn relative to average drawdown | 8.72 | 15.21 | -6.49 |
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Drawdowns
EMRD.L vs. ISDE.L - Drawdown Comparison
The maximum EMRD.L drawdown since its inception was -39.82%, smaller than the maximum ISDE.L drawdown of -65.53%. Use the drawdown chart below to compare losses from any high point for EMRD.L and ISDE.L.
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Drawdown Indicators
| EMRD.L | ISDE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.82% | -65.53% | +25.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -15.54% | +3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -21.83% | +5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -35.03% | -32.16% | -2.87% |
Max Drawdown (10Y)Largest decline over 10 years | -39.82% | -36.64% | -3.18% |
Current DrawdownCurrent decline from peak | -9.35% | -15.25% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -14.50% | -22.77% | +8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 4.86% | -0.81% |
Volatility
EMRD.L vs. ISDE.L - Volatility Comparison
The current volatility for State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) (EMRD.L) is 9.23%, while iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a volatility of 14.62%. This indicates that EMRD.L experiences smaller price fluctuations and is considered to be less risky than ISDE.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 | ISDE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 14.62% | -5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 19.85% | 27.67% | -7.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.97% | 29.71% | -7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 20.58% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 20.34% | -0.69% |
EMRD.L vs. ISDE.L - Expense Ratio Comparison
EMRD.L has a 0.18% expense ratio, which is lower than ISDE.L's 0.85% expense ratio.
Dividends
EMRD.L vs. ISDE.L - Dividend Comparison
EMRD.L has not paid dividends to shareholders, while ISDE.L's dividend yield for the trailing twelve months is around 1.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist) | 1.20% | 1.06% | 2.51% | 2.77% | 2.10% | 1.79% | 0.98% | 1.55% | 1.64% | 1.02% | 1.07% | 2.32% |
Frequently Asked Questions
EMRD.L and ISDE.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMRD.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMRD.L is cheaper with a 0.18% expense ratio, compared with 0.85% for ISDE.L.
EMRD.L tracks MSCI Emerging Markets Index, while ISDE.L tracks MSCI Emerging Markets Islamic Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for EMRD.L and 0.85% for ISDE.L.
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