EMSM.L vs. IEMS.L
Compare and contrast key facts about SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.L) and iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L).
EMSM.L and IEMS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMSM.L is a passively managed fund by State Street Global Advisors Europe Limited that tracks the performance of the MSCI Emerging Markets SMID NR USD. It was launched on May 13, 2011. IEMS.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Small Cap. It was launched on Mar 6, 2009. Both EMSM.L and IEMS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMSM.L or IEMS.L.
Performance
EMSM.L vs. IEMS.L - Performance Comparison
Returns By Period
In the year-to-date period, EMSM.L achieves a 2.58% return, which is significantly higher than IEMS.L's 2.00% return. Over the past 10 years, EMSM.L has outperformed IEMS.L with an annualized return of 7.15%, while IEMS.L has yielded a comparatively lower 4.53% annualized return.
EMSM.L
2.58%
-4.00%
-4.90%
5.42%
9.23%
7.15%
IEMS.L
2.00%
-6.64%
-4.61%
8.20%
8.56%
4.53%
Key characteristics
| EMSM.L | IEMS.L | |
|---|---|---|
| Sharpe Ratio | 0.43 | 0.52 |
| Sortino Ratio | 0.62 | 0.83 |
| Omega Ratio | 1.09 | 1.10 |
| Calmar Ratio | 0.53 | 0.75 |
| Martin Ratio | 1.71 | 2.64 |
| Ulcer Index | 2.89% | 2.67% |
| Daily Std Dev | 11.57% | 13.53% |
| Max Drawdown | -37.81% | -49.93% |
| Current Drawdown | -6.46% | -8.68% |
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EMSM.L vs. IEMS.L - Expense Ratio Comparison
EMSM.L has a 0.55% expense ratio, which is lower than IEMS.L's 0.74% expense ratio.
Correlation
The correlation between EMSM.L and IEMS.L is 0.78, 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.
Risk-Adjusted Performance
EMSM.L vs. IEMS.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.L) and iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.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
EMSM.L vs. IEMS.L - Dividend Comparison
EMSM.L has not paid dividends to shareholders, while IEMS.L's dividend yield for the trailing twelve months is around 1.82%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMSM.L SPDR MSCI Emerging Markets Small Cap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEMS.L iShares MSCI Emerging Markets Small Cap UCITS ETF | 1.82% | 2.09% | 2.47% | 1.29% | 1.62% | 2.05% | 2.19% | 1.32% | 2.08% | 0.87% | 1.65% | 1.67% |
Drawdowns
EMSM.L vs. IEMS.L - Drawdown Comparison
The maximum EMSM.L drawdown since its inception was -37.81%, smaller than the maximum IEMS.L drawdown of -49.93%. Use the drawdown chart below to compare losses from any high point for EMSM.L and IEMS.L. For additional features, visit the drawdowns tool.
Volatility
EMSM.L vs. IEMS.L - Volatility Comparison
SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.L) has a higher volatility of 4.07% compared to iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L) at 3.46%. This indicates that EMSM.L's price experiences larger fluctuations and is considered to be riskier than IEMS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.