IUSA.DE vs. EMXC.DE
IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both exchange-traded funds - IUSA.DE is a S&P 500 fund tracking the S&P 500 Index, while EMXC.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, IUSA.DE returned 13.46%/yr vs 11.87%/yr for EMXC.DE. A 0.65 correlation means they provide meaningful diversification when combined. IUSA.DE charges 0.07%/yr vs 0.15%/yr for EMXC.DE.
Performance
IUSA.DE vs. EMXC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSA.DE achieves a 11.82% return, which is significantly lower than EMXC.DE's 30.36% return.
IUSA.DE
- 1D
- -1.23%
- 1M
- 0.29%
- 6M
- 9.52%
- YTD
- 11.82%
- 1Y
- 21.99%
- 3Y*
- 18.64%
- 5Y*
- 13.46%
- 10Y*
- 14.31%
EMXC.DE
- 1D
- -1.60%
- 1M
- -12.60%
- 6M
- 21.10%
- YTD
- 30.36%
- 1Y
- 49.32%
- 3Y*
- 21.90%
- 5Y*
- 11.87%
- 10Y*
- —
IUSA.DE vs. EMXC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.82% | 4.69% | 32.36% | 22.47% | -14.25% | 40.75% | 6.77% | 12.20% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 30.36% | 19.92% | 9.13% | 14.31% | -13.59% | 17.56% | 2.25% | -4.50% |
Correlation
The correlation between IUSA.DE and EMXC.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.65 |
The correlation between IUSA.DE and EMXC.DE has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.
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Return for Risk
IUSA.DE vs. EMXC.DE — Risk / Return Rank
IUSA.DE
EMXC.DE
IUSA.DE vs. EMXC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) and Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE). 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.
| IUSA.DE | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.51 | -0.40 |
| Martin ratioReturn relative to average drawdown | 11.06 | 12.15 | -1.09 |
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Drawdowns
IUSA.DE vs. EMXC.DE - Drawdown Comparison
The maximum IUSA.DE drawdown since its inception was -52.05%, which is greater than EMXC.DE's maximum drawdown of -40.89%. Use the drawdown chart below to compare losses from any high point for IUSA.DE and EMXC.DE.
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Drawdown Indicators
| IUSA.DE | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.05% | -40.89% | -11.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -13.66% | +6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -23.36% | -20.47% | -2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -20.47% | -2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -1.33% | -13.66% | +12.33% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -7.73% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 3.95% | -2.01% |
Volatility
IUSA.DE vs. EMXC.DE - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) is 3.00%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a volatility of 9.94%. This indicates that IUSA.DE experiences smaller price fluctuations and is considered to be less risky than EMXC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSA.DE | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 9.94% | -6.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 20.82% | -12.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 23.00% | -11.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 16.71% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 19.20% | -3.16% |
IUSA.DE vs. EMXC.DE - Expense Ratio Comparison
IUSA.DE has a 0.07% expense ratio, which is lower than EMXC.DE's 0.15% 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
IUSA.DE vs. EMXC.DE - Dividend Comparison
IUSA.DE's dividend yield for the trailing twelve months is around 0.86%, while EMXC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMXC.DE Lyxor MSCI Emerging Markets Ex China 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% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.86% | 0.94% | 0.99% | 1.25% | 1.46% | 0.99% | 1.40% | 1.48% | 1.70% | 1.51% | 1.37% | 1.52% |
Frequently Asked Questions
IUSA.DE and EMXC.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for EMXC.DE.
IUSA.DE is categorized as S&P 500, while EMXC.DE is Emerging Markets Equities. IUSA.DE tracks S&P 500 Index, while EMXC.DE tracks MSCI EM NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for IUSA.DE and 0.15% for EMXC.DE.
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