EXSA.DE vs. EMIM.L
EXSA.DE (iShares STOXX Europe 600 UCITS ETF (DE)) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - EXSA.DE is a Europe Equities fund tracking the STOXX® Europe 600, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, EXSA.DE returned 10.04%/yr vs 10.21%/yr for EMIM.L. A 0.65 correlation means they provide meaningful diversification when combined. EXSA.DE charges 0.20%/yr vs 0.18%/yr for EMIM.L.
Performance
EXSA.DE vs. EMIM.L - Performance Comparison
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Different Trading Currencies
EXSA.DE is traded in EUR, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EXSA.DE achieves a 9.02% return, which is significantly lower than EMIM.L's 24.15% return. Both investments have delivered pretty close results over the past 10 years, with EXSA.DE having a 10.04% annualized return and EMIM.L not far ahead at 10.21%.
EXSA.DE
- 1D
- 1.87%
- 1M
- 4.80%
- YTD
- 9.02%
- 6M
- 11.56%
- 1Y
- 19.20%
- 3Y*
- 14.12%
- 5Y*
- 9.70%
- 10Y*
- 10.04%
EMIM.L
- 1D
- 2.76%
- 1M
- 4.16%
- YTD
- 24.15%
- 6M
- 27.50%
- 1Y
- 44.91%
- 3Y*
- 18.71%
- 5Y*
- 8.43%
- 10Y*
- 10.21%
EXSA.DE vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 9.02% | 20.48% | 8.50% | 15.48% | -10.35% | 24.57% | -1.78% | 28.40% | -11.06% | 10.67% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.15% | 16.91% | 14.45% | 7.15% | -14.80% | 7.30% | 8.67% | 19.86% | -10.44% | 19.81% |
Correlation
The correlation between EXSA.DE and EMIM.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.65 |
The correlation between EXSA.DE and EMIM.L has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
EXSA.DE vs. EMIM.L — Risk / Return Rank
EXSA.DE
EMIM.L
EXSA.DE vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.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.
| EXSA.DE | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 4.00 | -2.14 |
| Martin ratioReturn relative to average drawdown | 7.12 | 13.91 | -6.79 |
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Drawdowns
EXSA.DE vs. EMIM.L - Drawdown Comparison
The maximum EXSA.DE drawdown since its inception was -58.34%, which is greater than EMIM.L's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for EXSA.DE and EMIM.L.
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Drawdown Indicators
| EXSA.DE | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.34% | -34.80% | -23.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -10.65% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.33% | -17.95% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -22.35% | +1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -35.69% | -32.44% | -3.25% |
Current DrawdownCurrent decline from peak | -0.33% | -3.48% | +3.15% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -9.29% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 3.07% | -0.54% |
Volatility
EXSA.DE vs. EMIM.L - Volatility Comparison
The current volatility for iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) is 4.25%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.32%. This indicates that EXSA.DE experiences smaller price fluctuations and is considered to be less risky than EMIM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXSA.DE | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 7.32% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 15.25% | -4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 18.05% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 16.47% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.72% | 18.19% | -2.47% |
EXSA.DE vs. EMIM.L - Expense Ratio Comparison
EXSA.DE has a 0.20% expense ratio, which is higher than EMIM.L's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EXSA.DE vs. EMIM.L - Dividend Comparison
EXSA.DE's dividend yield for the trailing twelve months is around 2.33%, while EMIM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI 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% |
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 2.33% | 2.54% | 2.79% | 2.68% | 2.76% | 2.22% | 1.85% | 2.87% | 2.94% | 4.42% | 3.42% | 2.97% |
Frequently Asked Questions
EXSA.DE and EMIM.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.20% for EXSA.DE.
EXSA.DE is categorized as Europe Equities, while EMIM.L is Emerging Markets Equities. EXSA.DE tracks STOXX® Europe 600, while EMIM.L tracks MSCI EM NR USD. Their fees differ too: 0.20% for EXSA.DE and 0.18% for EMIM.L.
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