IUCS.L vs. CEMG.L

Last updated Jun 4, 2026

IUCS.L (iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating) and CEMG.L (iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc)) are both Consumer Staples Equities funds from iShares - IUCS.L tracks the S&P 500 Capped 35/20 Consumer Staples Index while CEMG.L tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Both are passively managed. Over the past 5 years, IUCS.L returned 6.75%/yr vs -3.05%/yr for CEMG.L. At a 0.27 correlation, their price movements are largely independent. IUCS.L charges 0.15%/yr vs 0.60%/yr for CEMG.L.

Performance

IUCS.L vs. CEMG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating (IUCS.L) and iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUCS.L achieves a 6.26% return, which is significantly higher than CEMG.L's -7.47% return.

IUCS.L

• 1D: 1.33%
• 1M: -4.09%
• YTD: 6.26%
• 6M: 5.41%
• 1Y: 2.68%
• 3Y*: 8.49%
• 5Y*: 6.75%
• 10Y*: —

CEMG.L

• 1D: -1.72%
• 1M: -1.69%
• YTD: -7.47%
• 6M: -7.46%
• 1Y: -5.55%
• 3Y*: 5.74%
• 5Y*: -3.05%
• 10Y*: 3.95%

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

IUCS.L vs. CEMG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUCS.L iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating	6.26%	3.96%	14.33%	-0.38%	-0.06%	18.15%	9.27%	27.30%	-9.43%	6.19%
CEMG.L iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc)	-7.47%	13.16%	10.30%	5.13%	-21.91%	-9.64%	26.92%	19.93%	-19.87%	22.25%

Correlation

The correlation between IUCS.L and CEMG.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Apr 10, 2017	0.27

The correlation between IUCS.L and CEMG.L shifts across timeframes, from 0.15 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

IUCS.L vs. CEMG.L - Sectors Allocation Comparison

Sectors	IUCS.L	CEMG.L
Consumer Defensive	99.0%	27.4%
Consumer Cyclical	1.0%	48.8%
Basic Materials	-	-
Communication Services	-	13.6%
Energy	-	-
Financial Services	-	0.1%
Healthcare	-	5.5%
Industrials	-	1.2%
Real Estate	-	0.0%
Technology	-	3.5%
Utilities	-	-

Return for Risk

IUCS.L vs. CEMG.L — Risk / Return Rank

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

IUCS.L

IUCS.L Risk / Return Rank: 11
IUCS.L Sharpe Ratio Rank: 12
IUCS.L Sortino Ratio Rank: 11
IUCS.L Omega Ratio Rank: 11
IUCS.L Calmar Ratio Rank: 12
IUCS.L Martin Ratio Rank: 12

CEMG.L

CEMG.L Risk / Return Rank: 5
CEMG.L Sharpe Ratio Rank: 5
CEMG.L Sortino Ratio Rank: 5
CEMG.L Omega Ratio Rank: 5
CEMG.L Calmar Ratio Rank: 6
CEMG.L Martin Ratio Rank: 5

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.

IUCS.L vs. CEMG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating (IUCS.L) and iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.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.

	IUCS.L	CEMG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.19	-0.38	+0.57
Sortino ratio: Return per unit of downside risk	0.37	-0.46	+0.83
Omega ratio: Gain probability vs. loss probability	1.04	0.95	+0.10
Calmar ratio: Return relative to maximum drawdown	0.28	-0.37	+0.66
Martin ratio: Return relative to average drawdown	0.60	-0.84	+1.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUCS.L vs. CEMG.L - Sharpe Ratio Comparison

The current IUCS.L Sharpe Ratio is 0.19, which is higher than the CEMG.L Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of IUCS.L and CEMG.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

	IUCS.L	CEMG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.19	-0.38	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	-0.15	+0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.15	+0.46

Drawdowns

IUCS.L vs. CEMG.L - Drawdown Comparison

The maximum IUCS.L drawdown since its inception was -23.90%, smaller than the maximum CEMG.L drawdown of -46.10%. Use the drawdown chart below to compare losses from any high point for IUCS.L and CEMG.L.

Drawdown Indicators

	IUCS.L	CEMG.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.90%	-46.10%	+22.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-14.90%	+5.48%
Max Drawdown (3Y) Largest decline over 3 years	-12.00%	-15.50%	+3.50%
Max Drawdown (5Y) Largest decline over 5 years	-17.20%	-42.17%	+24.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.10%	—
Current Drawdown Current decline from peak	-8.21%	-22.09%	+13.88%
Average Drawdown Average peak-to-trough decline	-4.35%	-16.32%	+11.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.41%	6.56%	-2.15%

Volatility

IUCS.L vs. CEMG.L - Volatility Comparison

iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating (IUCS.L) has a higher volatility of 5.75% compared to iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.L) at 4.53%. This indicates that IUCS.L's price experiences larger fluctuations and is considered to be riskier than CEMG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUCS.L	CEMG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	4.53%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	11.25%	12.12%	-0.87%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	14.62%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.43%	20.36%	-6.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	19.49%	-4.50%

IUCS.L vs. CEMG.L - Expense Ratio Comparison

IUCS.L has a 0.15% expense ratio, which is lower than CEMG.L's 0.60% expense ratio.

Dividends

IUCS.L vs. CEMG.L - Dividend Comparison

Neither IUCS.L nor CEMG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IUCS.L and CEMG.L in my portfolio?

IUCS.L and CEMG.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUCS.L or CEMG.L?

On fees, IUCS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUCS.L or CEMG.L?

IUCS.L is cheaper with a 0.15% expense ratio, compared with 0.60% for CEMG.L.

What is the main difference between IUCS.L and CEMG.L?

IUCS.L tracks S&P 500 Capped 35/20 Consumer Staples Index, while CEMG.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Their fees differ too: 0.15% for IUCS.L and 0.60% for CEMG.L.