HICL.L vs. EMIM.L
HICL.L (HICL Infrastructure Company Ltd) is a stock, while EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) is Emerging Markets Equities fund tracking the MSCI EM NR USD. Over the past 10 years, HICL.L returned 3.51%/yr vs 10.63%/yr for EMIM.L. At a 0.17 correlation, their price movements are largely independent.
Performance
HICL.L vs. EMIM.L - Performance Comparison
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Returns By Period
In the year-to-date period, HICL.L achieves a 18.12% return, which is significantly lower than EMIM.L's 19.58% return. Over the past 10 years, HICL.L has underperformed EMIM.L with an annualized return of 3.51%, while EMIM.L has yielded a comparatively higher 10.63% annualized return.
HICL.L
- 1D
- 0.00%
- 1M
- 6.90%
- YTD
- 18.12%
- 6M
- 15.15%
- 1Y
- 17.60%
- 3Y*
- 4.28%
- 5Y*
- 0.91%
- 10Y*
- 3.51%
EMIM.L
- 1D
- -3.74%
- 1M
- -0.67%
- YTD
- 19.58%
- 6M
- 20.52%
- 1Y
- 44.12%
- 3Y*
- 18.30%
- 5Y*
- 7.93%
- 10Y*
- 10.63%
HICL.L vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HICL.L HICL Infrastructure Company Ltd | 18.12% | 5.39% | -8.33% | -10.53% | -2.34% | 6.51% | 7.00% | 13.71% | 5.04% | 1.00% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 19.58% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | -9.32% | 24.72% |
Correlation
The correlation between HICL.L and EMIM.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014 | 0.17 |
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Return for Risk
HICL.L vs. EMIM.L — Risk / Return Rank
HICL.L
EMIM.L
HICL.L vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HICL Infrastructure Company Ltd (HICL.L) 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.
| HICL.L | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.48 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 4.02 | -2.60 |
| Martin ratioReturn relative to average drawdown | 4.63 | 14.27 | -9.64 |
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
| HICL.L | EMIM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 2.57 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.50 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.59 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.47 | -0.02 |
Drawdowns
HICL.L vs. EMIM.L - Drawdown Comparison
The maximum HICL.L drawdown since its inception was -31.03%, roughly equal to the maximum EMIM.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for HICL.L and EMIM.L.
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Drawdown Indicators
| HICL.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -31.70% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -10.92% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -17.16% | -15.56% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -31.03% | -21.98% | -9.05% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | -26.46% | -4.57% |
Current DrawdownCurrent decline from peak | -5.50% | -6.03% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -8.70% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 3.08% | +0.72% |
Volatility
HICL.L vs. EMIM.L - Volatility Comparison
The current volatility for HICL Infrastructure Company Ltd (HICL.L) is 5.54%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.79%. This indicates that HICL.L 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
| HICL.L | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 7.79% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 14.69% | -2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.05% | 17.10% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.95% | 15.91% | +4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 17.84% | +0.39% |
Dividends
HICL.L vs. EMIM.L - Dividend Comparison
HICL.L's dividend yield for the trailing twelve months is around 6.28%, 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% |
HICL.L HICL Infrastructure Company Ltd | 6.28% | 7.13% | 6.94% | 5.95% | 5.02% | 4.67% | 4.74% | 4.78% | 5.04% | 4.90% | 4.72% | 5.47% |
Frequently Asked Questions
HICL.L and EMIM.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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