IBGY.L vs. EIMI.L
IBGY.L (iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - IBGY.L is a Government Bonds fund tracking the iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist), while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 10 years, IBGY.L returned -0.02%/yr vs 8.96%/yr for EIMI.L. At a 0.09 correlation, their price movements are largely independent. IBGY.L charges 0.20%/yr vs 0.18%/yr for EIMI.L.
Performance
IBGY.L vs. EIMI.L - Performance Comparison
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Different Trading Currencies
IBGY.L is traded in GBP, while EIMI.L is traded in USD. To make them comparable, the EIMI.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBGY.L achieves a -4.44% return, which is significantly lower than EIMI.L's 18.15% return. Over the past 10 years, IBGY.L has underperformed EIMI.L with an annualized return of -0.02%, while EIMI.L has yielded a comparatively higher 8.96% annualized return.
IBGY.L
- 1D
- -0.78%
- 1M
- -2.48%
- 6M
- -4.06%
- YTD
- -4.44%
- 1Y
- -2.82%
- 3Y*
- 2.31%
- 5Y*
- -1.77%
- 10Y*
- -0.02%
EIMI.L
- 1D
- -1.33%
- 1M
- -6.90%
- 6M
- 12.65%
- YTD
- 18.15%
- 1Y
- 33.21%
- 3Y*
- 17.99%
- 5Y*
- 7.58%
- 10Y*
- 8.96%
IBGY.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBGY.L iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) | -4.44% | 7.76% | -2.63% | 4.85% | -10.06% | -8.35% | 8.45% | -0.79% | 1.40% | 3.93% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 18.15% | 22.75% | 9.23% | 5.48% | -10.12% | 0.29% | 15.31% | 11.94% | -9.09% | 25.10% |
Correlation
The correlation between IBGY.L and EIMI.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 30, 2014 | 0.09 |
The correlation between IBGY.L and EIMI.L shifts across timeframes, from 0.05 (5 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBGY.L vs. EIMI.L — Risk / Return Rank
IBGY.L
EIMI.L
IBGY.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) (IBGY.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.
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.
| IBGY.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.31 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 3.12 | -3.60 |
| Martin ratioReturn relative to average drawdown | -1.04 | 9.00 | -10.04 |
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Drawdowns
IBGY.L vs. EIMI.L - Drawdown Comparison
The maximum IBGY.L drawdown since its inception was -22.02%, smaller than the maximum EIMI.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for IBGY.L and EIMI.L.
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Drawdown Indicators
| IBGY.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.02% | -31.70% | +9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -10.58% | +4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -5.89% | -15.79% | +9.90% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -21.19% | +4.38% |
Max Drawdown (10Y)Largest decline over 10 years | -22.02% | -26.10% | +4.08% |
Current DrawdownCurrent decline from peak | -15.22% | -9.57% | -5.65% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -8.66% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 3.68% | -0.98% |
Volatility
IBGY.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) (IBGY.L) is 1.44%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.66%. This indicates that IBGY.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
| IBGY.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 8.66% | -7.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 18.40% | -13.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.35% | 20.32% | -14.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 17.17% | -10.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.51% | 18.54% | -11.03% |
IBGY.L vs. EIMI.L - Expense Ratio Comparison
IBGY.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
IBGY.L vs. EIMI.L - Dividend Comparison
IBGY.L's dividend yield for the trailing twelve months is around 1.34%, while EIMI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
IBGY.L iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) | 1.34% | 2.60% | 2.59% | 0.84% | 0.00% | 0.00% | 0.13% | 0.51% | 0.34% | 0.22% | 0.48% | 0.35% |
Frequently Asked Questions
IBGY.L and EIMI.L have a correlation of 0.23, 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 IBGY.L.
IBGY.L is categorized as Government Bonds, while EIMI.L is Emerging Markets Equities. IBGY.L tracks iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist), while EIMI.L tracks MSCI Emerging Markets Investable Market Index. Their fees differ too: 0.20% for IBGY.L and 0.18% for EIMI.L.
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