ISF.L vs. EMIM.L
ISF.L (iShares Core FTSE 100 UCITS ETF (Dist)) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - ISF.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, ISF.L returned 9.81%/yr vs 11.13%/yr for EMIM.L. A 0.62 correlation means they provide meaningful diversification when combined. ISF.L charges 0.07%/yr vs 0.18%/yr for EMIM.L.
Performance
ISF.L vs. EMIM.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISF.L achieves a 7.07% return, which is significantly lower than EMIM.L's 22.83% return. Over the past 10 years, ISF.L has underperformed EMIM.L with an annualized return of 9.81%, while EMIM.L has yielded a comparatively higher 11.13% annualized return.
ISF.L
- 1D
- 1.50%
- 1M
- 1.56%
- YTD
- 7.07%
- 6M
- 10.11%
- 1Y
- 21.22%
- 3Y*
- 15.23%
- 5Y*
- 11.88%
- 10Y*
- 9.81%
EMIM.L
- 1D
- 2.84%
- 1M
- 1.78%
- YTD
- 22.83%
- 6M
- 25.36%
- 1Y
- 44.91%
- 3Y*
- 19.09%
- 5Y*
- 8.57%
- 10Y*
- 11.13%
ISF.L vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISF.L iShares Core FTSE 100 UCITS ETF (Dist) | 7.07% | 25.97% | 9.28% | 7.81% | 4.83% | 17.68% | -11.67% | 17.11% | -8.96% | 13.10% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 22.83% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | -9.32% | 24.72% |
Correlation
The correlation between ISF.L and EMIM.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.62 |
Over the past year, the correlation between ISF.L and EMIM.L has dropped to 0.41 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
ISF.L vs. EMIM.L — Risk / Return Rank
ISF.L
EMIM.L
ISF.L vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.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.
| ISF.L | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.49 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 4.09 | -1.70 |
| Martin ratioReturn relative to average drawdown | 7.89 | 14.02 | -6.12 |
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Drawdowns
ISF.L vs. EMIM.L - Drawdown Comparison
The maximum ISF.L drawdown since its inception was -45.00%, which is greater than EMIM.L's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for ISF.L and EMIM.L.
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Drawdown Indicators
| ISF.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.00% | -31.70% | -13.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -10.92% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -15.56% | +2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -12.69% | -21.98% | +9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -34.13% | -26.46% | -7.67% |
Current DrawdownCurrent decline from peak | -3.05% | -3.48% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -8.70% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 3.20% | -0.52% |
Volatility
ISF.L vs. EMIM.L - Volatility Comparison
The current volatility for iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L) is 3.51%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.38%. This indicates that ISF.L experiences smaller price fluctuations and is considered to be less risky than EMIM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISF.L | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 7.38% | -3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 14.94% | -5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 17.33% | -6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.59% | 15.97% | -3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.84% | 17.86% | -3.02% |
ISF.L vs. EMIM.L - Expense Ratio Comparison
ISF.L has a 0.07% expense ratio, which is lower than EMIM.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ISF.L vs. EMIM.L - Dividend Comparison
ISF.L's dividend yield for the trailing twelve months is around 1.71%, while EMIM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISF.L iShares Core FTSE 100 UCITS ETF (Dist) | 1.71% | 3.01% | 3.71% | 3.86% | 3.75% | 3.76% | 3.11% | 4.47% | 4.44% | 3.96% | 3.79% | 4.12% |
Frequently Asked Questions
ISF.L and EMIM.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISF.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISF.L is cheaper with a 0.07% expense ratio, compared with 0.18% for EMIM.L.
ISF.L is categorized as Europe Equities, while EMIM.L is Emerging Markets Equities. ISF.L tracks FTSE AllSh TR GBP, while EMIM.L tracks MSCI EM NR USD. Their fees differ too: 0.07% for ISF.L and 0.18% for EMIM.L.
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