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EMXC.L vs. ISDE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMXC.L vs. ISDE.L

Last updated Jun 5, 2026

EMXC.L (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) and ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - EMXC.L tracks the MSCI EM NR USD while ISDE.L tracks the MSCI Emerging Markets Islamic Index. Both are passively managed. Over the past 5 years, EMXC.L returned 12.56%/yr vs 13.87%/yr for ISDE.L. A 0.77 correlation means they provide meaningful diversification when combined. EMXC.L charges 0.15%/yr vs 0.85%/yr for ISDE.L.

Performance

EMXC.L vs. ISDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.L) and iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EMXC.L is traded in EUR, while ISDE.L is traded in USD. To make them comparable, the ISDE.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EMXC.L achieves a 37.91% return, which is significantly lower than ISDE.L's 61.94% return.

EMXC.L

1D
-1.79%
1M
7.53%
YTD
37.91%
6M
43.53%
1Y
71.47%
3Y*
28.53%
5Y*
12.56%
10Y*
—

ISDE.L

1D
-2.92%
1M
14.16%
YTD
61.94%
6M
65.34%
1Y
103.70%
3Y*
28.77%
5Y*
13.87%
10Y*
12.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EMXC.L vs. ISDE.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
EMXC.L
Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc		37.91%35.24%3.14%18.63%-18.80%8.46%13.13%4.89%
ISDE.L
iShares MSCI EM Islamic UCITS ETF USD (Dist)		61.94%23.79%2.82%10.56%-17.93%10.32%12.13%9.73%

Correlation

The correlation between EMXC.L and ISDE.L is 0.80, 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

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.75

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (All Time)
Calculated using the full available price history since Jul 11, 2019

0.77

The correlation between EMXC.L and ISDE.L has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

EMXC.L vs. ISDE.L - Sectors Allocation Comparison

Sectors
EMXC.L
ISDE.L

Technology

45.0%
48.0%

Financial Services

19.6%
3.7%

Industrials

8.3%
8.6%

Basic Materials

6.9%
12.2%

Consumer Cyclical

4.5%
5.3%

Energy

4.2%
10.1%

Communication Services

3.4%
0.9%

Consumer Defensive

2.9%
3.3%

Utilities

2.3%
2.3%

Healthcare

2.2%
4.8%

Real Estate

0.9%
0.9%

Technology

EMXC.L
45.0%
ISDE.L
48.0%

Financial Services

EMXC.L
19.6%
ISDE.L
3.7%

Industrials

EMXC.L
8.3%
ISDE.L
8.6%

Basic Materials

EMXC.L
6.9%
ISDE.L
12.2%

Consumer Cyclical

EMXC.L
4.5%
ISDE.L
5.3%

Energy

EMXC.L
4.2%
ISDE.L
10.1%

Communication Services

EMXC.L
3.4%
ISDE.L
0.9%

Consumer Defensive

EMXC.L
2.9%
ISDE.L
3.3%

Utilities

EMXC.L
2.3%
ISDE.L
2.3%

Healthcare

EMXC.L
2.2%
ISDE.L
4.8%

Real Estate

EMXC.L
0.9%
ISDE.L
0.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc

iShares MSCI EM Islamic UCITS ETF USD (Dist)

Often compared with EMXC.L:
EMXC.L vs. FRDMEMXC.L vs. VWOEMXC.L vs. HEMC.LEMXC.L vs. FEM.LEMXC.L vs. GLDEMXC.L vs. XEMD.LEMXC.L vs. EIMI.L
Often compared with ISDE.L:
ISDE.L vs. JRDM.LISDE.L vs. VFEG.LISDE.L vs. VDEM.LISDE.L vs. LEML.LISDE.L vs. EDG2.LISDE.L vs. PRAM.LISDE.L vs. EMVL.L

Return for Risk

EMXC.L vs. ISDE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMXC.L
EMXC.L Risk / Return Rank: 9090
Overall Rank
EMXC.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
EMXC.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
EMXC.L Omega Ratio Rank: 9090
Omega Ratio Rank
EMXC.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
EMXC.L Martin Ratio Rank: 8888
Martin Ratio Rank
ISDE.L
ISDE.L Risk / Return Rank: 9595
Overall Rank
ISDE.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
ISDE.L Sortino Ratio Rank: 9494
Sortino Ratio Rank
ISDE.L Omega Ratio Rank: 9595
Omega Ratio Rank
ISDE.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
ISDE.L Martin Ratio Rank: 9595
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMXC.L vs. ISDE.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.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.

EMXC.LISDE.LDifference
Sharpe ratioReturn per unit of total volatility
3.27
4.27

-1.00

Sortino ratioReturn per unit of downside risk
4.13
5.02

-0.88

Omega ratioGain probability vs. loss probability

1.58

1.73

-0.15

Calmar ratioReturn relative to maximum drawdown

5.03

8.37

-3.34

Martin ratioReturn relative to average drawdown

19.31

31.38

-12.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMXC.L vs. ISDE.L - Sharpe Ratio Comparison

The current EMXC.L Sharpe Ratio is 3.27, which is comparable to the ISDE.L Sharpe Ratio of 4.27. The chart below compares the historical Sharpe Ratios of EMXC.L and ISDE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EMXC.LISDE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.27

4.27

-1.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

0.76

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.66

0.31

+0.35

Drawdowns

EMXC.L vs. ISDE.L - Drawdown Comparison

The maximum EMXC.L drawdown since its inception was -40.52%, smaller than the maximum ISDE.L drawdown of -51.78%. Use the drawdown chart below to compare losses from any high point for EMXC.L and ISDE.L.

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Drawdown Indicators

EMXC.LISDE.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.52%

-51.78%

+11.26%

Max Drawdown (1Y)

Largest decline over 1 year

-14.14%

-12.32%

-1.82%

Max Drawdown (3Y)

Largest decline over 3 years

-20.32%

-22.67%

+2.35%

Max Drawdown (5Y)

Largest decline over 5 years

-28.58%

-22.67%

-5.91%

Max Drawdown (10Y)

Largest decline over 10 years

—

-31.50%

—

Current Drawdown

Current decline from peak

-2.84%

-3.55%

+0.71%

Average Drawdown

Average peak-to-trough decline

-8.92%

-13.50%

+4.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.69%

3.29%

+0.40%

Volatility

EMXC.L vs. ISDE.L - Volatility Comparison

The current volatility for Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.L) is 9.68%, while iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a volatility of 11.44%. This indicates that EMXC.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

EMXC.LISDE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.68%

11.44%

-1.76%

Volatility (6M)

Calculated over the trailing 6-month period

19.34%

21.21%

-1.87%

Volatility (1Y)

Calculated over the trailing 1-year period

21.79%

24.17%

-2.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.67%

18.16%

-0.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.37%

19.40%

+0.97%

EMXC.L vs. ISDE.L - Expense Ratio Comparison

EMXC.L has a 0.15% expense ratio, which is lower than ISDE.L's 0.85% expense ratio.

Dividends

EMXC.L vs. ISDE.L - Dividend Comparison

EMXC.L has not paid dividends to shareholders, while ISDE.L's dividend yield for the trailing twelve months is around 1.08%.

PositionTTM20252024202320222021202020192018201720162015
EMXC.L
Lyxor MSCI Emerging Markets Ex China UCITS ETF - 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)		1.08%1.86%2.51%2.77%2.10%1.79%0.98%1.55%1.64%1.02%1.07%2.32%

Frequently Asked Questions

EMXC.L and ISDE.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EMXC.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EMXC.L is cheaper with a 0.15% expense ratio, compared with 0.85% for ISDE.L.

EMXC.L tracks MSCI EM NR USD, while ISDE.L tracks MSCI Emerging Markets Islamic Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for EMXC.L and 0.85% for ISDE.L.

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