IEMS.L vs. EMSM.L
Compare and contrast key facts about iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L) and SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.L).
IEMS.L and EMSM.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEMS.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Small Cap. It was launched on Mar 6, 2009. EMSM.L is a passively managed fund by State Street Global Advisors Europe Limited that tracks the performance of the MSCI Emerging Markets SMID NR USD. It was launched on May 13, 2011. Both IEMS.L and EMSM.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: IEMS.L or EMSM.L.
Performance
IEMS.L vs. EMSM.L - Performance Comparison
Returns By Period
In the year-to-date period, IEMS.L achieves a 2.00% return, which is significantly lower than EMSM.L's 2.58% return. Over the past 10 years, IEMS.L has underperformed EMSM.L with an annualized return of 4.53%, while EMSM.L has yielded a comparatively higher 7.15% annualized return.
IEMS.L
2.00%
-6.64%
-4.61%
8.20%
8.56%
4.53%
EMSM.L
2.58%
-4.00%
-4.90%
5.42%
9.23%
7.15%
Key characteristics
| IEMS.L | EMSM.L | |
|---|---|---|
| Sharpe Ratio | 0.52 | 0.43 |
| Sortino Ratio | 0.83 | 0.62 |
| Omega Ratio | 1.10 | 1.09 |
| Calmar Ratio | 0.75 | 0.53 |
| Martin Ratio | 2.64 | 1.71 |
| Ulcer Index | 2.67% | 2.89% |
| Daily Std Dev | 13.53% | 11.57% |
| Max Drawdown | -49.93% | -37.81% |
| Current Drawdown | -8.68% | -6.46% |
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IEMS.L vs. EMSM.L - Expense Ratio Comparison
IEMS.L has a 0.74% expense ratio, which is higher than EMSM.L's 0.55% expense ratio.
Correlation
The correlation between IEMS.L and EMSM.L is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IEMS.L vs. EMSM.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L) and SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.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
IEMS.L vs. EMSM.L - Dividend Comparison
IEMS.L's dividend yield for the trailing twelve months is around 1.82%, while EMSM.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMS.L iShares MSCI Emerging Markets Small Cap UCITS ETF | 1.82% | 2.09% | 2.47% | 1.29% | 1.62% | 2.05% | 2.19% | 1.32% | 2.08% | 0.87% | 1.65% | 1.67% |
EMSM.L SPDR MSCI Emerging Markets Small Cap 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
IEMS.L vs. EMSM.L - Drawdown Comparison
The maximum IEMS.L drawdown since its inception was -49.93%, which is greater than EMSM.L's maximum drawdown of -37.81%. Use the drawdown chart below to compare losses from any high point for IEMS.L and EMSM.L. For additional features, visit the drawdowns tool.
Volatility
IEMS.L vs. EMSM.L - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Small Cap UCITS ETF (IEMS.L) is 3.46%, while SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.L) has a volatility of 4.07%. This indicates that IEMS.L experiences smaller price fluctuations and is considered to be less risky than EMSM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.