IBTE.L vs. EIMI.L
IBTE.L (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - IBTE.L is a Government Bonds fund tracking the iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc), 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, IBTE.L returned 0.06%/yr vs 7.83%/yr for EIMI.L. At a correlation of -0.11, they often move in opposite directions. IBTE.L charges 0.10%/yr vs 0.18%/yr for EIMI.L.
Performance
IBTE.L vs. EIMI.L - Performance Comparison
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Different Trading Currencies
IBTE.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, IBTE.L achieves a -0.14% return, which is significantly lower than EIMI.L's 21.48% return.
IBTE.L
- 1D
- 0.06%
- 1M
- 0.06%
- 6M
- -0.14%
- YTD
- -0.14%
- 1Y
- 1.46%
- 3Y*
- 2.43%
- 5Y*
- 0.06%
- 10Y*
- —
EIMI.L
- 1D
- -0.76%
- 1M
- -5.10%
- 6M
- 15.06%
- YTD
- 21.48%
- 1Y
- 36.14%
- 3Y*
- 18.44%
- 5Y*
- 7.83%
- 10Y*
- 8.83%
IBTE.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBTE.L iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) | -0.14% | 3.04% | 2.49% | 1.87% | -5.75% | -1.46% | 1.84% | 0.50% | -0.40% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 21.48% | 16.48% | 14.45% | 7.70% | -14.70% | 6.78% | 9.01% | 19.00% | -8.73% |
Correlation
The correlation between IBTE.L and EIMI.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | -0.11 |
The correlation between IBTE.L and EIMI.L shifts across timeframes, from -0.11 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBTE.L vs. EIMI.L — Risk / Return Rank
IBTE.L
EIMI.L
IBTE.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) (IBTE.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.
| IBTE.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 3.36 | -2.08 |
| Martin ratioReturn relative to average drawdown | 3.18 | 10.37 | -7.19 |
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Drawdowns
IBTE.L vs. EIMI.L - Drawdown Comparison
The maximum IBTE.L drawdown since its inception was -8.51%, smaller than the maximum EIMI.L drawdown of -34.88%. Use the drawdown chart below to compare losses from any high point for IBTE.L and EIMI.L.
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Drawdown Indicators
| IBTE.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.51% | -34.88% | +26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -10.72% | +9.74% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -18.31% | +17.28% |
Max Drawdown (5Y)Largest decline over 5 years | -7.66% | -22.33% | +14.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.18% | — |
Current DrawdownCurrent decline from peak | -0.78% | -8.08% | +7.30% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -9.22% | +6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 3.48% | -3.09% |
Volatility
IBTE.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) (IBTE.L) is 0.50%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.57%. This indicates that IBTE.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
| IBTE.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 8.57% | -8.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 18.44% | -17.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.75% | 20.69% | -18.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.28% | 17.41% | -15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.97% | 18.63% | -16.66% |
IBTE.L vs. EIMI.L - Expense Ratio Comparison
IBTE.L has a 0.10% expense ratio, which is lower than EIMI.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBTE.L vs. EIMI.L - Dividend Comparison
Neither IBTE.L nor EIMI.L has paid dividends to shareholders.
Frequently Asked Questions
IBTE.L and EIMI.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTE.L is cheaper with a 0.10% expense ratio, compared with 0.18% for EIMI.L.
IBTE.L is categorized as Government Bonds, while EIMI.L is Emerging Markets Equities. IBTE.L tracks iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc), while EIMI.L tracks MSCI Emerging Markets Investable Market Index. Their fees differ too: 0.10% for IBTE.L and 0.18% for EIMI.L.
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