PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FEMU.L vs. ISDE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEMU.L vs. ISDE.L

Last updated Jul 16, 2026
Documentation

FEMU.L (First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation) and ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - FEMU.L tracks the First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation while ISDE.L tracks the MSCI Emerging Markets Islamic Index. Both are passively managed. Over the past 10 years, FEMU.L returned 8.14%/yr vs 11.20%/yr for ISDE.L. A 0.77 correlation means they provide meaningful diversification when combined.

Performance

FEMU.L vs. ISDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation (FEMU.L) and iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FEMU.L achieves a 15.81% return, which is significantly lower than ISDE.L's 43.83% return. Over the past 10 years, FEMU.L has underperformed ISDE.L with an annualized return of 8.14%, while ISDE.L has yielded a comparatively higher 11.20% annualized return.

FEMU.L

1D
0.66%
1M
-3.00%
6M
10.14%
YTD
15.81%
1Y
31.69%
3Y*
16.05%
5Y*
7.12%
10Y*
8.14%

ISDE.L

1D
-1.28%
1M
-11.07%
6M
34.89%
YTD
43.83%
1Y
74.17%
3Y*
25.27%
5Y*
10.84%
10Y*
11.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
FEMU.L
First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation		15.81%27.57%3.49%10.14%-13.81%7.06%-0.52%18.78%-14.90%38.13%
ISDE.L
iShares MSCI EM Islamic UCITS ETF USD (Dist)		43.83%39.00%-3.54%14.04%-22.75%2.66%22.18%19.37%-17.23%41.70%

Correlation

The correlation between FEMU.L and ISDE.L is 0.72, 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

0.72

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

0.68

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

0.72

Correlation (10Y)
Calculated over the trailing 10-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Apr 9, 2013

0.77

The correlation between FEMU.L and ISDE.L has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation

iShares MSCI EM Islamic UCITS ETF USD (Dist)

Often compared with ISDE.L:
ISDE.L vs. ISDW.LISDE.L vs. VFEG.LISDE.L vs. ESEM.LISDE.L vs. NDIA.LISDE.L vs. LEML.LISDE.L vs. EMVL.LISDE.L vs. VFEM.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEMU.L
FEMU.L Risk / Return Rank: 6666
Overall Rank
FEMU.L Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
FEMU.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
FEMU.L Omega Ratio Rank: 5555
Omega Ratio Rank
FEMU.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
FEMU.L Martin Ratio Rank: 7171
Martin Ratio Rank
ISDE.L
ISDE.L Risk / Return Rank: 8888
Overall Rank
ISDE.L Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
ISDE.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
ISDE.L Omega Ratio Rank: 8888
Omega Ratio Rank
ISDE.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
ISDE.L Martin Ratio Rank: 8888
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.

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

This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation (FEMU.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.

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.

FEMU.LISDE.LDifference
Sharpe ratioReturn per unit of total volatility
1.61
2.49

-0.88

Sortino ratioReturn per unit of downside risk
2.24
2.95

-0.71

Omega ratioGain probability vs. loss probability

1.28

1.44

-0.16

Calmar ratioReturn relative to maximum drawdown

4.13

4.75

-0.62

Martin ratioReturn relative to average drawdown

10.36

15.21

-4.85

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

The current FEMU.L Sharpe Ratio is 1.61, which is lower than the ISDE.L Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of FEMU.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.

Loading charts...

Drawdowns

FEMU.L vs. ISDE.L - Drawdown Comparison

The maximum FEMU.L drawdown since its inception was -45.58%, smaller than the maximum ISDE.L drawdown of -65.53%. Use the drawdown chart below to compare losses from any high point for FEMU.L and ISDE.L.

Loading charts...

Drawdown Indicators

FEMU.LISDE.LDifference

Max Drawdown

Largest peak-to-trough decline

-45.58%

-65.53%

+19.95%

Max Drawdown (1Y)

Largest decline over 1 year

-7.64%

-15.54%

+7.90%

Max Drawdown (3Y)

Largest decline over 3 years

-17.61%

-21.83%

+4.22%

Max Drawdown (5Y)

Largest decline over 5 years

-31.08%

-32.16%

+1.08%

Max Drawdown (10Y)

Largest decline over 10 years

-45.58%

-36.64%

-8.94%

Current Drawdown

Current decline from peak

-4.88%

-15.25%

+10.37%

Average Drawdown

Average peak-to-trough decline

-12.39%

-22.77%

+10.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

4.86%

-1.81%

Volatility

FEMU.L vs. ISDE.L - Volatility Comparison

The current volatility for First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation (FEMU.L) is 7.82%, while iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a volatility of 14.62%. This indicates that FEMU.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.

Loading charts...

Volatility by Period

FEMU.LISDE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.82%

14.62%

-6.80%

Volatility (6M)

Calculated over the trailing 6-month period

16.32%

27.67%

-11.35%

Volatility (1Y)

Calculated over the trailing 1-year period

19.61%

29.71%

-10.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.31%

20.58%

-1.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.52%

20.34%

+0.18%

Dividends

FEMU.L vs. ISDE.L - Dividend Comparison

FEMU.L has not paid dividends to shareholders, while ISDE.L's dividend yield for the trailing twelve months is around 1.20%.

PositionTTM20252024202320222021202020192018201720162015
FEMU.L
First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation		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)		1.20%1.06%2.51%2.77%2.10%1.79%0.98%1.55%1.64%1.02%1.07%2.32%

Frequently Asked Questions

FEMU.L and ISDE.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FEMU.L tracks First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation, while ISDE.L tracks MSCI Emerging Markets Islamic Index. They also come from different issuers: First Trust and iShares.

Portfolio Optimizer

Find the right allocation for FEMU.L and ISDE.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer