IE1A.DE vs. EMIM.L
IE1A.DE (iShares EUR Corporate Bond 1-5yr UCITS ETF EUR Acc) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - IE1A.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate 1-5 Year Bond, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, IE1A.DE returned 4.27%/yr vs 19.97%/yr for EMIM.L. At a 0.21 correlation, their price movements are largely independent. IE1A.DE charges 0.20%/yr vs 0.18%/yr for EMIM.L.
Performance
IE1A.DE vs. EMIM.L - Performance Comparison
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Different Trading Currencies
IE1A.DE is traded in EUR, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IE1A.DE achieves a 0.38% return, which is significantly lower than EMIM.L's 25.35% return.
IE1A.DE
- 1D
- 0.03%
- 1M
- 0.23%
- YTD
- 0.38%
- 6M
- 0.44%
- 1Y
- 1.91%
- 3Y*
- 4.27%
- 5Y*
- —
- 10Y*
- —
EMIM.L
- 1D
- -1.42%
- 1M
- 3.09%
- YTD
- 25.35%
- 6M
- 26.38%
- 1Y
- 45.96%
- 3Y*
- 19.97%
- 5Y*
- 8.62%
- 10Y*
- 10.04%
IE1A.DE vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IE1A.DE iShares EUR Corporate Bond 1-5yr UCITS ETF EUR Acc | 0.38% | 3.34% | 4.35% | 5.82% | -3.60% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.35% | 16.91% | 14.45% | 7.15% | -9.87% |
Correlation
The correlation between IE1A.DE and EMIM.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.21 |
The correlation between IE1A.DE and EMIM.L shifts across timeframes, from 0.21 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IE1A.DE vs. EMIM.L — Risk / Return Rank
IE1A.DE
EMIM.L
IE1A.DE vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond 1-5yr UCITS ETF EUR Acc (IE1A.DE) 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.
| IE1A.DE | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.49 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 4.38 | -3.41 |
| Martin ratioReturn relative to average drawdown | 3.41 | 15.91 | -12.49 |
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
| IE1A.DE | EMIM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 2.68 | -1.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.44 | +0.44 |
Drawdowns
IE1A.DE vs. EMIM.L - Drawdown Comparison
The maximum IE1A.DE drawdown since its inception was -5.63%, smaller than the maximum EMIM.L drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for IE1A.DE and EMIM.L.
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Drawdown Indicators
| IE1A.DE | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.63% | -34.80% | +29.17% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -10.65% | +8.86% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -17.95% | +16.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.44% | — |
Current DrawdownCurrent decline from peak | -0.44% | -2.54% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -1.20% | -9.31% | +8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 2.94% | -2.43% |
Volatility
IE1A.DE vs. EMIM.L - Volatility Comparison
The current volatility for iShares EUR Corporate Bond 1-5yr UCITS ETF EUR Acc (IE1A.DE) is 0.70%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.15%. This indicates that IE1A.DE 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
| IE1A.DE | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 7.15% | -6.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 14.50% | -12.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 17.44% | -15.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 16.34% | -13.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 18.14% | -15.37% |
IE1A.DE vs. EMIM.L - Expense Ratio Comparison
IE1A.DE has a 0.20% expense ratio, which is higher than EMIM.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
IE1A.DE vs. EMIM.L - Dividend Comparison
Neither IE1A.DE nor EMIM.L has paid dividends to shareholders.
Frequently Asked Questions
IE1A.DE and EMIM.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.20% for IE1A.DE.
IE1A.DE is categorized as European Corporate Bonds, while EMIM.L is Emerging Markets Equities. IE1A.DE tracks Bloomberg Euro Corporate 1-5 Year Bond, while EMIM.L tracks MSCI EM NR USD. Their fees differ too: 0.20% for IE1A.DE and 0.18% for EMIM.L.
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