GILE.L vs. EIMI.L
GILE.L (iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - GILE.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked TR Hdg EUR, while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 5 years, GILE.L returned -2.68%/yr vs 8.61%/yr for EIMI.L. At a correlation of -0.00, they often move in opposite directions. GILE.L charges 0.20%/yr vs 0.18%/yr for EIMI.L.
Performance
GILE.L vs. EIMI.L - Performance Comparison
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Different Trading Currencies
GILE.L is traded in EUR, while EIMI.L is traded in USD. To make them comparable, the EIMI.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, GILE.L achieves a 0.77% return, which is significantly lower than EIMI.L's 25.66% return.
GILE.L
- 1D
- 0.02%
- 1M
- 0.15%
- YTD
- 0.77%
- 6M
- 0.42%
- 1Y
- 2.19%
- 3Y*
- 0.90%
- 5Y*
- -2.68%
- 10Y*
- —
EIMI.L
- 1D
- -1.44%
- 1M
- 5.21%
- YTD
- 25.66%
- 6M
- 27.55%
- 1Y
- 46.90%
- 3Y*
- 20.02%
- 5Y*
- 8.61%
- 10Y*
- 10.02%
GILE.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GILE.L iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) | 0.77% | 2.28% | -2.12% | 1.92% | -19.12% | 4.65% | 7.55% | 5.80% | -2.82% | 1.14% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 25.66% | 16.48% | 14.45% | 7.70% | -14.70% | 6.78% | 9.01% | 19.00% | -10.14% | 6.46% |
Correlation
The correlation between GILE.L and EIMI.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2017 | -0.00 |
The correlation between GILE.L and EIMI.L shifts across timeframes, from -0.00 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GILE.L vs. EIMI.L — Risk / Return Rank
GILE.L
EIMI.L
GILE.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) (GILE.L) and iShares Core MSCI EM IMI UCITS ETF (EIMI.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.
| GILE.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.46 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 4.35 | -3.47 |
| Martin ratioReturn relative to average drawdown | 2.17 | 15.66 | -13.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GILE.L | EIMI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.52 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.51 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.43 | -0.47 |
Drawdowns
GILE.L vs. EIMI.L - Drawdown Comparison
The maximum GILE.L drawdown since its inception was -24.70%, smaller than the maximum EIMI.L drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for GILE.L and EIMI.L.
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Drawdown Indicators
| GILE.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -34.87% | +10.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -10.72% | +8.26% |
Max Drawdown (3Y)Largest decline over 3 years | -6.01% | -18.31% | +12.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -22.33% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.18% | — |
Current DrawdownCurrent decline from peak | -18.40% | -2.50% | -15.90% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -9.29% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.99% | -1.98% |
Volatility
GILE.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) (GILE.L) is 1.43%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 7.61%. This indicates that GILE.L experiences smaller price fluctuations and is considered to be less risky than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GILE.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 7.61% | -6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 15.80% | -12.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 18.51% | -13.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 16.92% | -9.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 18.48% | -11.33% |
GILE.L vs. EIMI.L - Expense Ratio Comparison
GILE.L has a 0.20% expense ratio, which is higher than EIMI.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
GILE.L vs. EIMI.L - Dividend Comparison
GILE.L's dividend yield for the trailing twelve months is around 1.14%, while EIMI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GILE.L iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) | 1.14% | 1.11% | 1.05% | 0.91% | 0.86% | 0.69% | 1.12% | 2.13% | 0.41% |
Frequently Asked Questions
GILE.L and EIMI.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIMI.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.20% for GILE.L.
GILE.L is categorized as Inflation-Protected Bonds, while EIMI.L is Emerging Markets Equities. GILE.L tracks Bloomberg Gbl Infl Linked TR Hdg EUR, while EIMI.L tracks MSCI Emerging Markets Investable Market Index. Their fees differ too: 0.20% for GILE.L and 0.18% for EIMI.L.
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