EMSM.L vs. SSAC.L
Compare and contrast key facts about SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.L) and iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L).
EMSM.L and SSAC.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. SSAC.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Oct 21, 2011. Both EMSM.L and SSAC.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 SSAC.L.
Performance
EMSM.L vs. SSAC.L - Performance Comparison
Returns By Period
In the year-to-date period, EMSM.L achieves a 2.58% return, which is significantly lower than SSAC.L's 18.74% return. Over the past 10 years, EMSM.L has underperformed SSAC.L with an annualized return of 7.15%, while SSAC.L has yielded a comparatively higher 11.31% annualized return.
EMSM.L
2.58%
-4.00%
-4.90%
5.42%
9.23%
7.15%
SSAC.L
18.74%
2.08%
7.41%
23.34%
11.55%
11.31%
Key characteristics
EMSM.L | SSAC.L | |
---|---|---|
Sharpe Ratio | 0.43 | 2.35 |
Sortino Ratio | 0.62 | 3.28 |
Omega Ratio | 1.09 | 1.45 |
Calmar Ratio | 0.53 | 3.66 |
Martin Ratio | 1.71 | 16.22 |
Ulcer Index | 2.89% | 1.43% |
Daily Std Dev | 11.57% | 9.86% |
Max Drawdown | -37.81% | -25.43% |
Current Drawdown | -6.46% | -0.37% |
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EMSM.L vs. SSAC.L - Expense Ratio Comparison
EMSM.L has a 0.55% expense ratio, which is higher than SSAC.L's 0.20% expense ratio.
Correlation
The correlation between EMSM.L and SSAC.L is 0.72, 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. SSAC.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 ACWI UCITS ETF (Acc) (SSAC.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. SSAC.L - Dividend Comparison
Neither EMSM.L nor SSAC.L has paid dividends to shareholders.
Drawdowns
EMSM.L vs. SSAC.L - Drawdown Comparison
The maximum EMSM.L drawdown since its inception was -37.81%, which is greater than SSAC.L's maximum drawdown of -25.43%. Use the drawdown chart below to compare losses from any high point for EMSM.L and SSAC.L. For additional features, visit the drawdowns tool.
Volatility
EMSM.L vs. SSAC.L - Volatility Comparison
SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.L) has a higher volatility of 4.07% compared to iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) at 3.24%. This indicates that EMSM.L's price experiences larger fluctuations and is considered to be riskier than SSAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.