EXCS.L vs. LDME.L
EXCS.L (iShares MSCI EM ex-China UCITS ETF USD (Acc)) and LDME.L (L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis) are both Emerging Markets Equities funds - EXCS.L tracks the MSCI EM NR USD while LDME.L tracks the L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis. Both are passively managed. Over the past 3 years, EXCS.L returned 22.90%/yr vs 16.11%/yr for LDME.L. A 0.71 correlation means they provide meaningful diversification when combined. EXCS.L charges 0.18%/yr vs 0.45%/yr for LDME.L.
Performance
EXCS.L vs. LDME.L - Performance Comparison
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Different Trading Currencies
EXCS.L is traded in GBP, while LDME.L is traded in GBp. To make them comparable, the LDME.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EXCS.L achieves a 30.49% return, which is significantly higher than LDME.L's 11.94% return.
EXCS.L
- 1D
- -1.75%
- 1M
- -7.82%
- 6M
- 23.99%
- YTD
- 30.49%
- 1Y
- 51.35%
- 3Y*
- 22.90%
- 5Y*
- —
- 10Y*
- —
LDME.L
- 1D
- -0.95%
- 1M
- -4.00%
- 6M
- 8.40%
- YTD
- 11.94%
- 1Y
- 21.67%
- 3Y*
- 16.11%
- 5Y*
- 9.82%
- 10Y*
- —
EXCS.L vs. LDME.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EXCS.L iShares MSCI EM ex-China UCITS ETF USD (Acc) | 30.49% | 26.23% | 5.43% | 11.04% | -8.40% | -25.31% |
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 11.94% | 16.54% | 11.33% | 10.64% | -2.34% | 1.40% |
Correlation
The correlation between EXCS.L and LDME.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021 | 0.71 |
The correlation between EXCS.L and LDME.L has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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Return for Risk
EXCS.L vs. LDME.L — Risk / Return Rank
EXCS.L
LDME.L
EXCS.L vs. LDME.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.L) and L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.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.
| EXCS.L | LDME.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.33 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 3.53 | +0.68 |
| Martin ratioReturn relative to average drawdown | 12.89 | 9.38 | +3.51 |
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Drawdowns
EXCS.L vs. LDME.L - Drawdown Comparison
The maximum EXCS.L drawdown since its inception was -35.01%, which is greater than LDME.L's maximum drawdown of -14.82%. Use the drawdown chart below to compare losses from any high point for EXCS.L and LDME.L.
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Drawdown Indicators
| EXCS.L | LDME.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.01% | -14.82% | -20.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -6.44% | -5.72% |
Max Drawdown (3Y)Largest decline over 3 years | -21.79% | -14.82% | -6.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.82% | — |
Current DrawdownCurrent decline from peak | -12.16% | -5.29% | -6.87% |
Average DrawdownAverage peak-to-trough decline | -20.67% | -3.24% | -17.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 2.42% | +1.55% |
Volatility
EXCS.L vs. LDME.L - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.L) has a higher volatility of 10.78% compared to L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.L) at 3.97%. This indicates that EXCS.L's price experiences larger fluctuations and is considered to be riskier than LDME.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXCS.L | LDME.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.78% | 3.97% | +6.81% |
Volatility (6M)Calculated over the trailing 6-month period | 20.54% | 9.77% | +10.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.44% | 12.12% | +10.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.53% | 12.65% | +11.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.53% | 3,216.41% | -3,191.88% |
EXCS.L vs. LDME.L - Expense Ratio Comparison
EXCS.L has a 0.18% expense ratio, which is lower than LDME.L's 0.45% expense ratio.
Dividends
EXCS.L vs. LDME.L - Dividend Comparison
EXCS.L has not paid dividends to shareholders, while LDME.L's dividend yield for the trailing twelve months is around 2.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EXCS.L iShares MSCI EM ex-China UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 2.85% | 3.04% | 3.67% | 3.56% | 4.57% | 1.55% |
Frequently Asked Questions
EXCS.L and LDME.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXCS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXCS.L is cheaper with a 0.18% expense ratio, compared with 0.45% for LDME.L.
EXCS.L tracks MSCI EM NR USD, while LDME.L tracks L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis. They also come from different issuers: iShares and L&G. Their fees differ too: 0.18% for EXCS.L and 0.45% for LDME.L.
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