IEMA.L vs. R2US.L
Compare and contrast key facts about iShares MSCI EM UCITS ETF USD (Acc) (IEMA.L) and SPDR Russell 2000 US Small Cap UCITS ETF (R2US.L).
IEMA.L and R2US.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEMA.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Sep 25, 2009. R2US.L is a passively managed fund by State Street Global Advisors that tracks the performance of the Russell 2000 Index. It was launched on Jun 30, 2014. Both IEMA.L and R2US.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.
Performance
IEMA.L vs. R2US.L - Performance Comparison
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IEMA.L vs. R2US.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEMA.L iShares MSCI EM UCITS ETF USD (Acc) | 4.92% | 34.41% | 7.61% | 9.43% | -20.23% | -2.83% | 19.01% | 15.75% | -13.95% | 36.71% |
R2US.L SPDR Russell 2000 US Small Cap UCITS ETF | 1.82% | 12.34% | 10.15% | 18.73% | -21.12% | 14.48% | 19.82% | 24.58% | -12.50% | 14.69% |
Returns By Period
In the year-to-date period, IEMA.L achieves a 4.92% return, which is significantly higher than R2US.L's 1.82% return. Over the past 10 years, IEMA.L has underperformed R2US.L with an annualized return of 8.22%, while R2US.L has yielded a comparatively higher 9.63% annualized return.
IEMA.L
- 1D
- 4.28%
- 1M
- -5.77%
- YTD
- 4.92%
- 6M
- 9.12%
- 1Y
- 35.15%
- 3Y*
- 16.85%
- 5Y*
- 4.37%
- 10Y*
- 8.22%
R2US.L
- 1D
- 3.34%
- 1M
- -3.36%
- YTD
- 1.82%
- 6M
- 4.66%
- 1Y
- 26.75%
- 3Y*
- 13.27%
- 5Y*
- 3.47%
- 10Y*
- 9.63%
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IEMA.L vs. R2US.L - Expense Ratio Comparison
IEMA.L has a 0.18% expense ratio, which is lower than R2US.L's 0.30% expense ratio.
Return for Risk
IEMA.L vs. R2US.L — Risk / Return Rank
IEMA.L
R2US.L
IEMA.L vs. R2US.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM UCITS ETF USD (Acc) (IEMA.L) and SPDR Russell 2000 US Small Cap UCITS ETF (R2US.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.
| IEMA.L | R2US.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 1.27 | +0.57 |
Sortino ratioReturn per unit of downside risk | 2.40 | 1.81 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.53 | +0.24 |
Martin ratioReturn relative to average drawdown | 10.15 | 7.93 | +2.22 |
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
| IEMA.L | R2US.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.27 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.16 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.44 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.36 | -0.12 |
Correlation
The correlation between IEMA.L and R2US.L is 0.60, 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.
Dividends
IEMA.L vs. R2US.L - Dividend Comparison
Neither IEMA.L nor R2US.L has paid dividends to shareholders.
Drawdowns
IEMA.L vs. R2US.L - Drawdown Comparison
The maximum IEMA.L drawdown since its inception was -39.66%, smaller than the maximum R2US.L drawdown of -42.19%. Use the drawdown chart below to compare losses from any high point for IEMA.L and R2US.L.
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Drawdown Indicators
| IEMA.L | R2US.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.66% | -42.19% | +2.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.76% | -14.35% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -37.08% | -32.04% | -5.04% |
Max Drawdown (10Y)Largest decline over 10 years | -39.66% | -42.19% | +2.53% |
Current DrawdownCurrent decline from peak | -8.93% | -6.94% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -15.43% | -10.00% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 3.28% | +0.21% |
Volatility
IEMA.L vs. R2US.L - Volatility Comparison
iShares MSCI EM UCITS ETF USD (Acc) (IEMA.L) has a higher volatility of 8.70% compared to SPDR Russell 2000 US Small Cap UCITS ETF (R2US.L) at 7.20%. This indicates that IEMA.L's price experiences larger fluctuations and is considered to be riskier than R2US.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEMA.L | R2US.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.70% | 7.20% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 13.45% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.13% | 21.06% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.17% | 22.23% | -4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.33% | 21.94% | -2.61% |