IEFA vs. EIMI.L
Compare and contrast key facts about iShares Core MSCI EAFE ETF (IEFA) and iShares Core MSCI EM IMI UCITS ETF (EIMI.L).
IEFA and EIMI.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012. EIMI.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on May 30, 2014. Both IEFA and EIMI.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEFA or EIMI.L.
Key characteristics
| IEFA | EIMI.L | |
|---|---|---|
| YTD Return | 2.80% | 1.01% |
| 1Y Return | 8.40% | 9.33% |
| 3Y Return (Ann) | 1.75% | -5.31% |
| 5Y Return (Ann) | 6.20% | 2.36% |
| Sharpe Ratio | 0.69 | 0.62 |
| Daily Std Dev | 12.55% | 14.99% |
| Max Drawdown | -34.78% | -38.73% |
| Current Drawdown | -2.83% | -20.12% |
Correlation
The correlation between IEFA and EIMI.L is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IEFA vs. EIMI.L - Performance Comparison
In the year-to-date period, IEFA achieves a 2.80% return, which is significantly higher than EIMI.L's 1.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IEFA vs. EIMI.L - Expense Ratio Comparison
IEFA 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%.
Risk-Adjusted Performance
IEFA vs. EIMI.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE ETF (IEFA) 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.
Dividends
IEFA vs. EIMI.L - Dividend Comparison
IEFA's dividend yield for the trailing twelve months is around 3.11%, while EIMI.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEFA iShares Core MSCI EAFE ETF | 3.11% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% | 2.16% |
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% |
Drawdowns
IEFA vs. EIMI.L - Drawdown Comparison
The maximum IEFA drawdown since its inception was -34.78%, smaller than the maximum EIMI.L drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for IEFA and EIMI.L. For additional features, visit the drawdowns tool.
Volatility
IEFA vs. EIMI.L - Volatility Comparison
The current volatility for iShares Core MSCI EAFE ETF (IEFA) is 3.34%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 3.99%. This indicates that IEFA 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.