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IMD.AX vs. EIMI.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMD.AX vs. EIMI.L

Last updated Jun 5, 2026

IMD.AX (Imdex Limited) is a stock, while EIMI.L (iShares Core MSCI EM IMI UCITS ETF) is Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Over the past 10 years, IMD.AX returned 35.31%/yr vs 10.29%/yr for EIMI.L. At a 0.11 correlation, their price movements are largely independent.

Performance

IMD.AX vs. EIMI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Imdex Limited (IMD.AX) and iShares Core MSCI EM IMI UCITS ETF (EIMI.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IMD.AX is traded in AUD, while EIMI.L is traded in USD. To make them comparable, the EIMI.L values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IMD.AX achieves a 18.21% return, which is significantly higher than EIMI.L's 12.70% return. Over the past 10 years, IMD.AX has outperformed EIMI.L with an annualized return of 35.31%, while EIMI.L has yielded a comparatively lower 10.29% annualized return.

IMD.AX

1D
-1.22%
1M
-8.58%
YTD
18.21%
6M
23.60%
1Y
42.62%
3Y*
30.26%
5Y*
16.43%
10Y*
35.31%

EIMI.L

1D
-3.03%
1M
0.26%
YTD
12.70%
6M
13.87%
1Y
30.87%
3Y*
19.03%
5Y*
8.72%
10Y*
10.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMD.AX vs. EIMI.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IMD.AX
Imdex Limited		18.21%49.49%24.68%-11.54%-23.92%73.38%18.38%42.19%1.91%82.61%
EIMI.L
iShares Core MSCI EM IMI UCITS ETF		12.70%22.57%18.16%11.12%-14.37%5.17%8.37%16.91%-4.98%26.51%

Correlation

The correlation between IMD.AX and EIMI.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.18

Correlation (3Y)
Calculated over the trailing 3-year period

0.10

Correlation (5Y)
Calculated over the trailing 5-year period

0.12

Correlation (10Y)
Calculated over the trailing 10-year period

0.10

Correlation (All Time)
Calculated using the full available price history since Jun 2, 2014

0.11

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Imdex Limited

iShares Core MSCI EM IMI UCITS ETF

Often compared with IMD.AX:
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Often compared with EIMI.L:
EIMI.L vs. VFEA.DEEIMI.L vs. CSPX.LEIMI.L vs. AVEMEIMI.L vs. SWRD.LEIMI.L vs. VWOEIMI.L vs. VFEG.LEIMI.L vs. AEME.L

Return for Risk

IMD.AX vs. EIMI.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMD.AX
IMD.AX Risk / Return Rank: 7171
Overall Rank
IMD.AX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
IMD.AX Sortino Ratio Rank: 6666
Sortino Ratio Rank
IMD.AX Omega Ratio Rank: 6868
Omega Ratio Rank
IMD.AX Calmar Ratio Rank: 7373
Calmar Ratio Rank
IMD.AX Martin Ratio Rank: 7777
Martin Ratio Rank
EIMI.L
EIMI.L Risk / Return Rank: 7070
Overall Rank
EIMI.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
EIMI.L Sortino Ratio Rank: 6767
Sortino Ratio Rank
EIMI.L Omega Ratio Rank: 7272
Omega Ratio Rank
EIMI.L Calmar Ratio Rank: 7070
Calmar Ratio Rank
EIMI.L Martin Ratio Rank: 6969
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IMD.AX vs. EIMI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Imdex Limited (IMD.AX) 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.

IMD.AXEIMI.LDifference
Sharpe ratioReturn per unit of total volatility
1.03
1.81

-0.78

Sortino ratioReturn per unit of downside risk
1.51
2.56

-1.04

Omega ratioGain probability vs. loss probability

1.21

1.35

-0.14

Calmar ratioReturn relative to maximum drawdown

1.87

2.99

-1.12

Martin ratioReturn relative to average drawdown

5.63

9.88

-4.25

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMD.AX vs. EIMI.L - Sharpe Ratio Comparison

The current IMD.AX Sharpe Ratio is 1.03, which is lower than the EIMI.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of IMD.AX and EIMI.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IMD.AXEIMI.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.03

1.81

-0.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.40

0.56

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

0.62

+0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.19

0.54

-0.35

Drawdowns

IMD.AX vs. EIMI.L - Drawdown Comparison

The maximum IMD.AX drawdown since its inception was -94.48%, which is greater than EIMI.L's maximum drawdown of -25.56%. Use the drawdown chart below to compare losses from any high point for IMD.AX and EIMI.L.

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Drawdown Indicators

IMD.AXEIMI.LDifference

Max Drawdown

Largest peak-to-trough decline

-94.48%

-25.56%

-68.92%

Max Drawdown (1Y)

Largest decline over 1 year

-23.08%

-10.29%

-12.79%

Max Drawdown (3Y)

Largest decline over 3 years

-29.63%

-11.85%

-17.78%

Max Drawdown (5Y)

Largest decline over 5 years

-53.50%

-23.51%

-29.99%

Max Drawdown (10Y)

Largest decline over 10 years

-53.50%

-23.84%

-29.66%

Current Drawdown

Current decline from peak

-8.58%

-4.98%

-3.60%

Average Drawdown

Average peak-to-trough decline

-41.86%

-6.98%

-34.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.70%

3.12%

+4.58%

Volatility

IMD.AX vs. EIMI.L - Volatility Comparison

Imdex Limited (IMD.AX) has a higher volatility of 16.25% compared to iShares Core MSCI EM IMI UCITS ETF (EIMI.L) at 7.54%. This indicates that IMD.AX's price experiences larger fluctuations and is considered to be riskier 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

IMD.AXEIMI.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.25%

7.54%

+8.71%

Volatility (6M)

Calculated over the trailing 6-month period

31.79%

14.85%

+16.94%

Volatility (1Y)

Calculated over the trailing 1-year period

41.97%

16.95%

+25.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

41.44%

15.54%

+25.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

46.26%

16.60%

+29.66%

Dividends

IMD.AX vs. EIMI.L - Dividend Comparison

IMD.AX's dividend yield for the trailing twelve months is around 0.67%, while EIMI.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
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%
IMD.AX
Imdex Limited		0.67%0.74%1.21%1.91%1.54%0.95%0.99%2.85%

Frequently Asked Questions

IMD.AX and EIMI.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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