ISDE.L vs. MSDG.L

Last updated Jun 5, 2026

ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) and MSDG.L (Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D)) are both Emerging Markets Equities funds - ISDE.L tracks the MSCI Emerging Markets Islamic Index while MSDG.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, ISDE.L returned 12.82%/yr vs 2.99%/yr for MSDG.L. At a 0.41 correlation, their price movements are largely independent. ISDE.L charges 0.85%/yr vs 0.25%/yr for MSDG.L.

Performance

ISDE.L vs. MSDG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) and Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (MSDG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ISDE.L is traded in USD, while MSDG.L is traded in GBp. To make them comparable, the MSDG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ISDE.L achieves a 60.11% return, which is significantly higher than MSDG.L's 15.50% return.

ISDE.L

• 1D: -2.79%
• 1M: 13.41%
• YTD: 60.11%
• 6M: 64.90%
• 1Y: 107.18%
• 3Y*: 32.29%
• 5Y*: 12.82%
• 10Y*: 13.09%

MSDG.L

• 1D: -1.11%
• 1M: 3.06%
• YTD: 15.50%
• 6M: 17.04%
• 1Y: 35.45%
• 3Y*: 15.69%
• 5Y*: 2.99%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISDE.L vs. MSDG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist)	60.11%	40.46%	-3.55%	13.97%	-22.72%	2.64%	34.76%
MSDG.L Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D)	15.50%	27.57%	6.27%	-0.98%	-17.60%	-0.11%	30.45%

Correlation

The correlation between ISDE.L and MSDG.L is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020	0.41

The correlation between ISDE.L and MSDG.L shifts across timeframes, from 0.41 (all time) to 0.60 (1 year), reflecting how their relationship changes across market environments.

ISDE.L vs. MSDG.L - Sectors Allocation Comparison

Sectors	ISDE.L	MSDG.L
Technology	48.0%	40.8%
Basic Materials	12.2%	3.2%
Energy	10.1%	-
Industrials	8.6%	8.3%
Consumer Cyclical	5.3%	10.1%
Healthcare	4.8%	5.2%
Financial Services	3.7%	17.8%
Consumer Defensive	3.3%	5.0%
Utilities	2.3%	3.1%
Real Estate	0.9%	2.9%
Communication Services	0.9%	3.5%

Return for Risk

ISDE.L vs. MSDG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ISDE.L

ISDE.L Risk / Return Rank: 95
ISDE.L Sharpe Ratio Rank: 96
ISDE.L Sortino Ratio Rank: 94
ISDE.L Omega Ratio Rank: 95
ISDE.L Calmar Ratio Rank: 94
ISDE.L Martin Ratio Rank: 95

MSDG.L

MSDG.L Risk / Return Rank: 85
MSDG.L Sharpe Ratio Rank: 88
MSDG.L Sortino Ratio Rank: 88
MSDG.L Omega Ratio Rank: 85
MSDG.L Calmar Ratio Rank: 87
MSDG.L Martin Ratio Rank: 76

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.

ISDE.L vs. MSDG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) and Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (MSDG.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.

	ISDE.L	MSDG.L	Difference
Sharpe ratio: Return per unit of total volatility	4.28	2.43	+1.84
Sortino ratio: Return per unit of downside risk	4.93	3.42	+1.50
Omega ratio: Gain probability vs. loss probability	1.73	1.44	+0.30
Calmar ratio: Return relative to maximum drawdown	7.48	3.89	+3.59
Martin ratio: Return relative to average drawdown	28.54	12.32	+16.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISDE.L vs. MSDG.L - Sharpe Ratio Comparison

The current ISDE.L Sharpe Ratio is 4.28, which is higher than the MSDG.L Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of ISDE.L and MSDG.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.

Sharpe Ratios by Period

	ISDE.L	MSDG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.28	2.43	+1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.26	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.73	-0.50

Drawdowns

ISDE.L vs. MSDG.L - Drawdown Comparison

The maximum ISDE.L drawdown since its inception was -59.96%, which is greater than MSDG.L's maximum drawdown of -37.71%. Use the drawdown chart below to compare losses from any high point for ISDE.L and MSDG.L.

Drawdown Indicators

	ISDE.L	MSDG.L	Difference
Max Drawdown Largest peak-to-trough decline	-59.96%	-37.71%	-22.25%
Max Drawdown (1Y) Largest decline over 1 year	-14.25%	-12.35%	-1.90%
Max Drawdown (3Y) Largest decline over 3 years	-21.81%	-19.99%	-1.82%
Max Drawdown (5Y) Largest decline over 5 years	-32.28%	-36.16%	+3.88%
Max Drawdown (10Y) Largest decline over 10 years	-36.67%	—	—
Current Drawdown Current decline from peak	-3.68%	-1.76%	-1.92%
Average Drawdown Average peak-to-trough decline	-21.89%	-15.09%	-6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	4.05%	-0.31%

Volatility

ISDE.L vs. MSDG.L - Volatility Comparison

iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a higher volatility of 12.14% compared to Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (MSDG.L) at 5.81%. This indicates that ISDE.L's price experiences larger fluctuations and is considered to be riskier than MSDG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISDE.L	MSDG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.14%	5.81%	+6.33%
Volatility (6M) Calculated over the trailing 6-month period	22.26%	14.24%	+8.02%
Volatility (1Y) Calculated over the trailing 1-year period	24.94%	19.79%	+5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.26%	26.49%	-7.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.87%	29.10%	-9.23%

ISDE.L vs. MSDG.L - Expense Ratio Comparison

ISDE.L has a 0.85% expense ratio, which is higher than MSDG.L's 0.25% expense ratio.

Dividends

ISDE.L vs. MSDG.L - Dividend Comparison

ISDE.L's dividend yield for the trailing twelve months is around 1.08%, less than MSDG.L's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist)	1.08%	1.86%	2.51%	2.77%	2.10%	1.79%	0.98%	1.55%	1.64%	1.02%	1.07%	2.32%
MSDG.L Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D)	1.67%	1.94%	2.09%	2.27%	2.24%	1.69%	1.39%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ISDE.L and MSDG.L in my portfolio?

ISDE.L and MSDG.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISDE.L or MSDG.L?

On fees, MSDG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISDE.L or MSDG.L?

MSDG.L is cheaper with a 0.25% expense ratio, compared with 0.85% for ISDE.L.

What is the main difference between ISDE.L and MSDG.L?

ISDE.L tracks MSCI Emerging Markets Islamic Index, while MSDG.L tracks MSCI EM NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.85% for ISDE.L and 0.25% for MSDG.L.