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FINMY vs. IEMG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FINMY vs. IEMG

Last updated Jun 25, 2026

FINMY (Leonardo SpA ADR) is a stock, while IEMG (iShares Core MSCI Emerging Markets ETF) is Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Over the past 10 years, FINMY returned 19.94%/yr vs 10.40%/yr for IEMG. At a 0.31 correlation, their price movements are largely independent.

Performance

FINMY vs. IEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leonardo SpA ADR (FINMY) and iShares Core MSCI Emerging Markets ETF (IEMG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FINMY achieves a -4.71% return, which is significantly lower than IEMG's 22.14% return. Over the past 10 years, FINMY has outperformed IEMG with an annualized return of 19.94%, while IEMG has yielded a comparatively lower 10.40% annualized return.

FINMY

1D
-6.79%
1M
-10.06%
YTD
-4.71%
6M
-6.60%
1Y
4.10%
3Y*
69.35%
5Y*
47.63%
10Y*
19.94%

IEMG

1D
0.16%
1M
1.90%
YTD
22.14%
6M
22.65%
1Y
40.36%
3Y*
22.21%
5Y*
6.93%
10Y*
10.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FINMY vs. IEMG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FINMY
Leonardo SpA ADR		-4.71%114.03%66.86%94.69%21.93%0.57%-38.24%35.19%-26.70%-13.53%
IEMG
iShares Core MSCI Emerging Markets ETF		22.14%32.56%6.50%11.52%-19.98%-0.64%17.87%17.81%-14.92%37.38%

Correlation

The correlation between FINMY and IEMG is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

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

0.23

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

0.24

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

0.28

Correlation (All Time)
Calculated using the full available price history since Oct 24, 2012

0.31

Compare stocks, funds, or ETFs

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

Leonardo SpA ADR

iShares Core MSCI Emerging Markets ETF

Often compared with FINMY:
FINMY vs. LDO.MIFINMY vs. BAESYFINMY vs. THLLYFINMY vs. SAFRYFINMY vs. EADSYFINMY vs. SAABYFINMY vs. RHM.DE
Often compared with IEMG:
IEMG vs. VWOIEMG vs. EEMIEMG vs. IEFAIEMG vs. EMXCIEMG vs. SCHEIEMG vs. IXUSIEMG vs. SPY

Return for Risk

FINMY vs. IEMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FINMY
FINMY Risk / Return Rank: 4545
Overall Rank
FINMY Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
FINMY Sortino Ratio Rank: 4242
Sortino Ratio Rank
FINMY Omega Ratio Rank: 4242
Omega Ratio Rank
FINMY Calmar Ratio Rank: 4747
Calmar Ratio Rank
FINMY Martin Ratio Rank: 4848
Martin Ratio Rank
IEMG
IEMG Risk / Return Rank: 6464
Overall Rank
IEMG Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
IEMG Sortino Ratio Rank: 5656
Sortino Ratio Rank
IEMG Omega Ratio Rank: 6767
Omega Ratio Rank
IEMG Calmar Ratio Rank: 6868
Calmar Ratio Rank
IEMG Martin Ratio Rank: 6868
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.

FINMY vs. IEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leonardo SpA ADR (FINMY) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.

FINMYIEMGDifference
Sharpe ratioReturn per unit of total volatility
0.10
1.84

-1.75

Sortino ratioReturn per unit of downside risk
0.44
2.40

-1.96

Omega ratioGain probability vs. loss probability

1.05

1.36

-0.31

Calmar ratioReturn relative to maximum drawdown

0.16

3.07

-2.91

Martin ratioReturn relative to average drawdown

0.39

11.18

-10.79

FINMY vs. IEMG - Sharpe Ratio Comparison

The current FINMY Sharpe Ratio is 0.10, which is lower than the IEMG Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of FINMY and IEMG, 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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Drawdowns

FINMY vs. IEMG - Drawdown Comparison

The maximum FINMY drawdown since its inception was -81.99%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for FINMY and IEMG.

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Drawdown Indicators

FINMYIEMGDifference

Max Drawdown

Largest peak-to-trough decline

-81.99%

-38.71%

-43.28%

Max Drawdown (1Y)

Largest decline over 1 year

-26.31%

-13.21%

-13.10%

Max Drawdown (3Y)

Largest decline over 3 years

-26.31%

-17.21%

-9.10%

Max Drawdown (5Y)

Largest decline over 5 years

-40.09%

-35.75%

-4.34%

Max Drawdown (10Y)

Largest decline over 10 years

-74.54%

-38.71%

-35.83%

Current Drawdown

Current decline from peak

-26.31%

-5.29%

-21.02%

Average Drawdown

Average peak-to-trough decline

-36.21%

-12.93%

-23.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.52%

3.62%

+6.90%

Volatility

FINMY vs. IEMG - Volatility Comparison

Leonardo SpA ADR (FINMY) has a higher volatility of 13.08% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 12.22%. This indicates that FINMY's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FINMYIEMGDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.08%

12.22%

+0.86%

Volatility (6M)

Calculated over the trailing 6-month period

31.56%

20.12%

+11.44%

Volatility (1Y)

Calculated over the trailing 1-year period

42.30%

22.11%

+20.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

38.48%

18.99%

+19.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.02%

20.19%

+21.83%

Dividends

FINMY vs. IEMG - Dividend Comparison

FINMY's dividend yield for the trailing twelve months is around 1.35%, less than IEMG's 2.21% yield.

PositionTTM20252024202320222021202020192018201720162015
FINMY
Leonardo SpA ADR		1.35%1.04%1.11%0.92%1.73%0.00%1.45%0.88%1.30%2.20%0.00%0.00%
IEMG
iShares Core MSCI Emerging Markets ETF		2.21%2.75%3.20%2.89%2.71%3.06%1.87%3.15%2.76%2.35%2.28%2.53%

Frequently Asked Questions

FINMY and IEMG have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FINMY has higher volatility (13.08%) compared to IEMG (12.22%). In terms of maximum drawdown, FINMY dropped -81.99% vs IEMG's -38.71%.

IEMG currently has the higher Sharpe Ratio (1.84 vs 0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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