IRCP.L vs. EIMI.L
IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - IRCP.L is a Global Bonds fund tracking the iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist), while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 10 years, IRCP.L returned 1.58%/yr vs 8.83%/yr for EIMI.L. At a 0.37 correlation, their price movements are largely independent. IRCP.L charges 0.25%/yr vs 0.18%/yr for EIMI.L.
Performance
IRCP.L vs. EIMI.L - Performance Comparison
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Different Trading Currencies
IRCP.L is traded in EUR, while EIMI.L is traded in USD. To make them comparable, the EIMI.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IRCP.L achieves a 1.46% return, which is significantly lower than EIMI.L's 21.48% return. Over the past 10 years, IRCP.L has underperformed EIMI.L with an annualized return of 1.58%, while EIMI.L has yielded a comparatively higher 8.83% annualized return.
IRCP.L
- 1D
- 0.04%
- 1M
- 0.05%
- 6M
- 1.47%
- YTD
- 1.46%
- 1Y
- 3.00%
- 3Y*
- 5.19%
- 5Y*
- 2.73%
- 10Y*
- 1.58%
EIMI.L
- 1D
- -0.76%
- 1M
- -5.10%
- 6M
- 15.06%
- YTD
- 21.48%
- 1Y
- 36.14%
- 3Y*
- 18.44%
- 5Y*
- 7.83%
- 10Y*
- 8.83%
IRCP.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 1.46% | 4.21% | 6.47% | 5.14% | -2.74% | -0.24% | 0.84% | 4.00% | -3.63% | 1.46% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 21.48% | 16.48% | 14.45% | 7.70% | -14.70% | 6.78% | 9.01% | 19.00% | -10.15% | 20.11% |
Correlation
The correlation between IRCP.L and EIMI.L is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 30, 2014 | 0.37 |
Over the past year, the correlation between IRCP.L and EIMI.L has dropped to 0.10 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
IRCP.L vs. EIMI.L — Risk / Return Rank
IRCP.L
EIMI.L
IRCP.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IRCP.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 3.36 | -0.32 |
| Martin ratioReturn relative to average drawdown | 12.47 | 10.37 | +2.10 |
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Drawdowns
IRCP.L vs. EIMI.L - Drawdown Comparison
The maximum IRCP.L drawdown since its inception was -14.44%, smaller than the maximum EIMI.L drawdown of -34.88%. Use the drawdown chart below to compare losses from any high point for IRCP.L and EIMI.L.
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Drawdown Indicators
| IRCP.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.44% | -34.88% | +20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -10.72% | +9.69% |
Max Drawdown (3Y)Largest decline over 3 years | -1.96% | -18.31% | +16.35% |
Max Drawdown (5Y)Largest decline over 5 years | -7.09% | -22.33% | +15.24% |
Max Drawdown (10Y)Largest decline over 10 years | -14.44% | -32.18% | +17.74% |
Current DrawdownCurrent decline from peak | -0.16% | -8.08% | +7.92% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -9.22% | +7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 3.48% | -3.23% |
Volatility
IRCP.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) is 0.63%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.57%. This indicates that IRCP.L 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.
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Volatility by Period
| IRCP.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 8.57% | -7.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 18.44% | -15.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 20.69% | -18.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 17.41% | -14.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 18.63% | -14.84% |
IRCP.L vs. EIMI.L - Expense Ratio Comparison
IRCP.L has a 0.25% expense ratio, which is higher than EIMI.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
IRCP.L vs. EIMI.L - Dividend Comparison
IRCP.L's dividend yield for the trailing twelve months is around 2.58%, while EIMI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
Frequently Asked Questions
IRCP.L and EIMI.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIMI.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.25% for IRCP.L.
IRCP.L is categorized as Global Bonds, while EIMI.L is Emerging Markets Equities. IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist), while EIMI.L tracks MSCI Emerging Markets Investable Market Index. Their fees differ too: 0.25% for IRCP.L and 0.18% for EIMI.L.
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