EMXG.L vs. ISDE.L

Last updated Jun 4, 2026

EMXG.L (Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C)) and ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - EMXG.L tracks the MSCI EM NR USD while ISDE.L tracks the MSCI Emerging Markets Islamic Index. Both are passively managed. Over the past 3 years, EMXG.L returned 15.47%/yr vs 29.80%/yr for ISDE.L. A 0.63 correlation means they provide meaningful diversification when combined. EMXG.L charges 0.35%/yr vs 0.85%/yr for ISDE.L.

Performance

EMXG.L vs. ISDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C) (EMXG.L) and iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EMXG.L achieves a 19.29% return, which is significantly lower than ISDE.L's 65.31% return.

EMXG.L

• 1D: -0.58%
• 1M: 8.67%
• YTD: 19.29%
• 6M: 21.74%
• 1Y: 39.40%
• 3Y*: 15.47%
• 5Y*: —
• 10Y*: —

ISDE.L

• 1D: -0.66%
• 1M: 23.28%
• YTD: 65.31%
• 6M: 70.12%
• 1Y: 117.12%
• 3Y*: 29.80%
• 5Y*: 14.68%
• 10Y*: 14.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021
EMXG.L Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C)	19.29%	18.34%	2.79%	6.43%	-10.02%	-2.26%
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist)	65.37%	30.46%	-1.86%	8.28%	-13.53%	-1.06%

Correlation

The correlation between EMXG.L and ISDE.L is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021	0.63

The correlation between EMXG.L and ISDE.L has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMXG.L

EMXG.L Risk / Return Rank: 70
EMXG.L Sharpe Ratio Rank: 76
EMXG.L Sortino Ratio Rank: 75
EMXG.L Omega Ratio Rank: 71
EMXG.L Calmar Ratio Rank: 64
EMXG.L Martin Ratio Rank: 64

ISDE.L

ISDE.L Risk / Return Rank: 96
ISDE.L Sharpe Ratio Rank: 97
ISDE.L Sortino Ratio Rank: 95
ISDE.L Omega Ratio Rank: 96
ISDE.L Calmar Ratio Rank: 95
ISDE.L Martin Ratio Rank: 95

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.

EMXG.L vs. ISDE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C) (EMXG.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.

	EMXG.L	ISDE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.43	4.99	-2.56
Sortino ratio: Return per unit of downside risk	3.34	5.62	-2.27
Omega ratio: Gain probability vs. loss probability	1.42	1.85	-0.43
Calmar ratio: Return relative to maximum drawdown	3.11	9.26	-6.15
Martin ratio: Return relative to average drawdown	11.35	33.42	-22.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current EMXG.L Sharpe Ratio is 2.43, which is lower than the ISDE.L Sharpe Ratio of 4.99. The chart below compares the historical Sharpe Ratios of EMXG.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.

Sharpe Ratios by Period

	EMXG.L	ISDE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	4.99	-2.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.37	+0.06

Drawdowns

EMXG.L vs. ISDE.L - Drawdown Comparison

The maximum EMXG.L drawdown since its inception was -16.30%, smaller than the maximum ISDE.L drawdown of -46.71%. Use the drawdown chart below to compare losses from any high point for EMXG.L and ISDE.L.

Drawdown Indicators

	EMXG.L	ISDE.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.30%	-46.71%	+30.41%
Max Drawdown (1Y) Largest decline over 1 year	-12.60%	-12.58%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-15.54%	-21.66%	+6.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.22%	—
Current Drawdown Current decline from peak	-1.84%	-0.66%	-1.18%
Average Drawdown Average peak-to-trough decline	-6.85%	-14.03%	+7.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.49%	-0.03%

Volatility

EMXG.L vs. ISDE.L - Volatility Comparison

The current volatility for Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C) (EMXG.L) is 6.19%, while iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a volatility of 11.47%. This indicates that EMXG.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.

Volatility by Period

	EMXG.L	ISDE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	11.47%	-5.28%
Volatility (6M) Calculated over the trailing 6-month period	13.06%	20.71%	-7.65%
Volatility (1Y) Calculated over the trailing 1-year period	16.14%	23.34%	-7.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.25%	17.72%	-1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	19.26%	-3.01%

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

EMXG.L has a 0.35% expense ratio, which is lower than ISDE.L's 0.85% expense ratio.

Dividends

EMXG.L vs. ISDE.L - Dividend Comparison

EMXG.L has not paid dividends to shareholders, while ISDE.L's dividend yield for the trailing twelve months is around 1.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMXG.L Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C)	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)	1.05%	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

Can I hold both EMXG.L and ISDE.L in my portfolio?

EMXG.L and ISDE.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMXG.L or ISDE.L?

On fees, EMXG.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMXG.L or ISDE.L?

EMXG.L is cheaper with a 0.35% expense ratio, compared with 0.85% for ISDE.L.

What is the main difference between EMXG.L and ISDE.L?

EMXG.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: 0.35% for EMXG.L and 0.85% for ISDE.L.