EMSD.L vs. SEDY.L
EMSD.L (State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF USD (Acc)) and SEDY.L (iShares Emerging Markets Dividend UCITS ETF) are both Emerging Markets Equities funds - EMSD.L tracks the MSCI Emerging Markets Small Cap Index while SEDY.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 10 years, EMSD.L returned 8.49%/yr vs 6.45%/yr for SEDY.L. A 0.76 correlation means they provide meaningful diversification when combined. EMSD.L charges 0.55%/yr vs 0.65%/yr for SEDY.L.
Performance
EMSD.L vs. SEDY.L - Performance Comparison
Loading charts...
Different Trading Currencies
EMSD.L is traded in USD, while SEDY.L is traded in GBp. To make them comparable, the SEDY.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMSD.L achieves a 9.38% return, which is significantly higher than SEDY.L's 8.85% return. Over the past 10 years, EMSD.L has outperformed SEDY.L with an annualized return of 8.49%, while SEDY.L has yielded a comparatively lower 6.45% annualized return.
EMSD.L
- 1D
- -0.45%
- 1M
- -6.67%
- 6M
- 6.50%
- YTD
- 9.38%
- 1Y
- 15.90%
- 3Y*
- 13.08%
- 5Y*
- 6.12%
- 10Y*
- 8.49%
SEDY.L
- 1D
- -0.13%
- 1M
- -2.54%
- 6M
- 4.50%
- YTD
- 8.85%
- 1Y
- 21.84%
- 3Y*
- 18.43%
- 5Y*
- 4.81%
- 10Y*
- 6.45%
EMSD.L vs. SEDY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMSD.L State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF USD (Acc) | 9.38% | 20.23% | 2.90% | 22.19% | -16.88% | 16.02% | 20.35% | 8.52% | -14.77% | 30.78% |
SEDY.L iShares Emerging Markets Dividend UCITS ETF | 8.85% | 27.66% | 6.90% | 18.97% | -30.91% | 11.63% | -2.97% | 14.87% | -5.42% | 25.64% |
Correlation
The correlation between EMSD.L and SEDY.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2011 | 0.76 |
The correlation between EMSD.L and SEDY.L shifts across timeframes, from 0.63 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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
EMSD.L vs. SEDY.L — Risk / Return Rank
EMSD.L
SEDY.L
EMSD.L vs. SEDY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF USD (Acc) (EMSD.L) and iShares Emerging Markets Dividend UCITS ETF (SEDY.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.
| EMSD.L | SEDY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.54 | -1.11 |
| Martin ratioReturn relative to average drawdown | 4.41 | 7.09 | -2.68 |
Loading charts...
Drawdowns
EMSD.L vs. SEDY.L - Drawdown Comparison
The maximum EMSD.L drawdown since its inception was -48.91%, smaller than the maximum SEDY.L drawdown of -55.31%. Use the drawdown chart below to compare losses from any high point for EMSD.L and SEDY.L.
Loading charts...
Drawdown Indicators
| EMSD.L | SEDY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.91% | -55.31% | +6.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.45% | -8.58% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -21.39% | -13.31% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -27.40% | -40.64% | +13.24% |
Max Drawdown (10Y)Largest decline over 10 years | -48.91% | -40.64% | -8.27% |
Current DrawdownCurrent decline from peak | -6.81% | -5.46% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -11.04% | -24.26% | +13.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 3.07% | +0.65% |
Volatility
EMSD.L vs. SEDY.L - Volatility Comparison
State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF USD (Acc) (EMSD.L) has a higher volatility of 7.45% compared to iShares Emerging Markets Dividend UCITS ETF (SEDY.L) at 3.75%. This indicates that EMSD.L's price experiences larger fluctuations and is considered to be riskier than SEDY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMSD.L | SEDY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 3.75% | +3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 17.71% | 11.45% | +6.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 13.70% | +6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 17.07% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.63% | 17.32% | +0.31% |
EMSD.L vs. SEDY.L - Expense Ratio Comparison
EMSD.L has a 0.55% expense ratio, which is lower than SEDY.L's 0.65% expense ratio.
Dividends
EMSD.L vs. SEDY.L - Dividend Comparison
EMSD.L has not paid dividends to shareholders, while SEDY.L's dividend yield for the trailing twelve months is around 5.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMSD.L State Street SPDR MSCI Emerging Markets Small Cap 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% |
SEDY.L iShares Emerging Markets Dividend UCITS ETF | 5.17% | 5.72% | 7.74% | 7.99% | 9.32% | 6.42% | 5.11% | 5.84% | 5.54% | 4.07% | 4.25% | 6.31% |
Frequently Asked Questions
EMSD.L and SEDY.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMSD.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMSD.L is cheaper with a 0.55% expense ratio, compared with 0.65% for SEDY.L.
EMSD.L tracks MSCI Emerging Markets Small Cap Index, while SEDY.L tracks MSCI EM NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for EMSD.L and 0.65% for SEDY.L.
Find the right allocation for EMSD.L and SEDY.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