EMXC.DE vs. IUSE.L
EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) and IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) are both exchange-traded funds - EMXC.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while IUSE.L is a S&P 500 fund tracking the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 5 years, EMXC.DE returned 11.87%/yr vs 10.14%/yr for IUSE.L. A 0.62 correlation means they provide meaningful diversification when combined. EMXC.DE charges 0.15%/yr vs 0.20%/yr for IUSE.L.
Performance
EMXC.DE vs. IUSE.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMXC.DE achieves a 30.36% return, which is significantly higher than IUSE.L's 7.54% return.
EMXC.DE
- 1D
- -1.60%
- 1M
- -12.60%
- 6M
- 21.10%
- YTD
- 30.36%
- 1Y
- 49.32%
- 3Y*
- 21.90%
- 5Y*
- 11.87%
- 10Y*
- —
IUSE.L
- 1D
- -1.30%
- 1M
- -0.21%
- 6M
- 6.68%
- YTD
- 7.54%
- 1Y
- 17.02%
- 3Y*
- 16.87%
- 5Y*
- 10.14%
- 10Y*
- 12.04%
EMXC.DE vs. IUSE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 30.36% | 19.92% | 9.13% | 14.31% | -13.59% | 17.56% | 2.25% | -4.50% |
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 7.54% | 14.95% | 23.21% | 23.05% | -21.17% | 27.85% | 14.81% | 9.55% |
Correlation
The correlation between EMXC.DE and IUSE.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 | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.62 |
The correlation between EMXC.DE and IUSE.L has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.
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Return for Risk
EMXC.DE vs. IUSE.L — Risk / Return Rank
EMXC.DE
IUSE.L
EMXC.DE vs. IUSE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) and iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.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.
| EMXC.DE | IUSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.26 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 1.98 | +1.53 |
| Martin ratioReturn relative to average drawdown | 12.15 | 7.93 | +4.22 |
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Drawdowns
EMXC.DE vs. IUSE.L - Drawdown Comparison
The maximum EMXC.DE drawdown since its inception was -40.89%, which is greater than IUSE.L's maximum drawdown of -34.75%. Use the drawdown chart below to compare losses from any high point for EMXC.DE and IUSE.L.
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Drawdown Indicators
| EMXC.DE | IUSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.89% | -34.75% | -6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -13.66% | -8.67% | -4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -20.47% | -18.33% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -26.23% | +5.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.75% | — |
Current DrawdownCurrent decline from peak | -13.66% | -1.97% | -11.69% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -4.25% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 2.16% | +1.79% |
Volatility
EMXC.DE vs. IUSE.L - Volatility Comparison
Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a higher volatility of 9.94% compared to iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) at 3.05%. This indicates that EMXC.DE's price experiences larger fluctuations and is considered to be riskier than IUSE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMXC.DE | IUSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.94% | 3.05% | +6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 20.82% | 9.34% | +11.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.00% | 12.08% | +10.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 16.07% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 16.29% | +2.91% |
EMXC.DE vs. IUSE.L - Expense Ratio Comparison
EMXC.DE has a 0.15% expense ratio, which is lower than IUSE.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMXC.DE vs. IUSE.L - Dividend Comparison
Neither EMXC.DE nor IUSE.L has paid dividends to shareholders.
Frequently Asked Questions
EMXC.DE and IUSE.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, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IUSE.L.
EMXC.DE is categorized as Emerging Markets Equities, while IUSE.L is S&P 500. EMXC.DE tracks MSCI EM NR USD, while IUSE.L tracks S&P 500 EUR Hedged Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for EMXC.DE and 0.20% for IUSE.L.
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