IBTS.L vs. EIMI.L
IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - IBTS.L is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, 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, IBTS.L returned 2.54%/yr vs 11.45%/yr for EIMI.L. At a 0.02 correlation, their price movements are largely independent. IBTS.L charges 0.07%/yr vs 0.18%/yr for EIMI.L.
Performance
IBTS.L vs. EIMI.L - Performance Comparison
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Different Trading Currencies
IBTS.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, IBTS.L achieves a 0.51% return, which is significantly lower than EIMI.L's 26.35% return. Over the past 10 years, IBTS.L has underperformed EIMI.L with an annualized return of 2.54%, while EIMI.L has yielded a comparatively higher 11.45% annualized return.
IBTS.L
- 1D
- 0.19%
- 1M
- 1.36%
- YTD
- 0.51%
- 6M
- 0.07%
- 1Y
- 4.08%
- 3Y*
- 1.62%
- 5Y*
- 2.92%
- 10Y*
- 2.54%
EIMI.L
- 1D
- -1.09%
- 1M
- 8.94%
- YTD
- 26.35%
- 6M
- 28.41%
- 1Y
- 54.25%
- 3Y*
- 20.69%
- 5Y*
- 9.05%
- 10Y*
- 11.45%
IBTS.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 0.51% | -1.91% | 5.79% | -1.41% | 7.61% | 0.64% | -0.34% | 0.37% | 7.21% | -8.60% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 26.35% | 22.75% | 9.23% | 5.48% | -10.12% | 0.29% | 15.31% | 11.94% | -9.08% | 25.11% |
Correlation
The correlation between IBTS.L and EIMI.L is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014 | 0.02 |
The correlation between IBTS.L and EIMI.L shifts across timeframes, from -0.22 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBTS.L vs. EIMI.L — Risk / Return Rank
IBTS.L
EIMI.L
IBTS.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 (IBTS.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.
| IBTS.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.56 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 5.10 | -4.20 |
| Martin ratioReturn relative to average drawdown | 2.29 | 17.35 | -15.06 |
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
| IBTS.L | EIMI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 3.02 | -2.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.55 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.62 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.48 | -0.13 |
Drawdowns
IBTS.L vs. EIMI.L - Drawdown Comparison
The maximum IBTS.L drawdown since its inception was -19.02%, smaller than the maximum EIMI.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for IBTS.L and EIMI.L.
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Drawdown Indicators
| IBTS.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.02% | -31.70% | +12.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -10.58% | +6.07% |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | -15.79% | +6.90% |
Max Drawdown (5Y)Largest decline over 5 years | -16.28% | -22.27% | +5.99% |
Max Drawdown (10Y)Largest decline over 10 years | -19.02% | -26.10% | +7.08% |
Current DrawdownCurrent decline from peak | -7.64% | -1.09% | -6.55% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -8.72% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 3.12% | -1.35% |
Volatility
IBTS.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) is 1.69%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 7.60%. This indicates that IBTS.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
| IBTS.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 7.60% | -5.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 15.51% | -11.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 17.87% | -11.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 16.60% | -8.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 18.39% | -9.15% |
IBTS.L vs. EIMI.L - Expense Ratio Comparison
IBTS.L has a 0.07% 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
IBTS.L vs. EIMI.L - Dividend Comparison
IBTS.L's dividend yield for the trailing twelve months is around 4.00%, 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% |
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 4.00% | 4.22% | 4.12% | 3.08% | 0.75% | 0.61% | 1.84% | 2.39% | 1.49% | 1.01% | 0.67% | 0.49% |
Frequently Asked Questions
IBTS.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, IBTS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTS.L is cheaper with a 0.07% expense ratio, compared with 0.18% for EIMI.L.
IBTS.L is categorized as Government Bonds, while EIMI.L is Emerging Markets Equities. IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index, while EIMI.L tracks MSCI Emerging Markets Investable Market Index. Their fees differ too: 0.07% for IBTS.L and 0.18% for EIMI.L.
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