LDME.L vs. ISDE.L
LDME.L (L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis) and ISDE.L (iShares MSCI EM Islamic UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - LDME.L tracks the L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis while ISDE.L tracks the MSCI Emerging Markets Islamic Index. Both are passively managed. Over the past 5 years, LDME.L returned 9.82%/yr vs 11.22%/yr for ISDE.L. A 0.63 correlation means they provide meaningful diversification when combined. LDME.L charges 0.45%/yr vs 0.85%/yr for ISDE.L.
Performance
LDME.L vs. ISDE.L - Performance Comparison
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Different Trading Currencies
LDME.L is traded in GBp, while ISDE.L is traded in USD. To make them comparable, the ISDE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, LDME.L achieves a 11.94% return, which is significantly lower than ISDE.L's 43.24% return.
LDME.L
- 1D
- -0.95%
- 1M
- -4.00%
- 6M
- 8.40%
- YTD
- 11.94%
- 1Y
- 21.67%
- 3Y*
- 16.11%
- 5Y*
- 9.82%
- 10Y*
- —
ISDE.L
- 1D
- -2.30%
- 1M
- -11.85%
- 6M
- 34.07%
- YTD
- 43.24%
- 1Y
- 72.32%
- 3Y*
- 23.91%
- 5Y*
- 11.22%
- 10Y*
- 10.91%
LDME.L vs. ISDE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 11.94% | 16.54% | 11.33% | 10.64% | -2.34% | 7,358.59% |
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist) | 43.24% | 29.09% | -1.86% | 8.34% | -13.57% | 0.89% |
Correlation
The correlation between LDME.L and ISDE.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.63 |
The correlation between LDME.L and ISDE.L has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
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Return for Risk
LDME.L vs. ISDE.L — Risk / Return Rank
LDME.L
ISDE.L
LDME.L vs. ISDE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.L) and iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.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.
| LDME.L | ISDE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.44 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 4.24 | -0.72 |
| Martin ratioReturn relative to average drawdown | 9.38 | 15.21 | -5.83 |
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Drawdowns
LDME.L vs. ISDE.L - Drawdown Comparison
The maximum LDME.L drawdown since its inception was -14.82%, smaller than the maximum ISDE.L drawdown of -56.44%. Use the drawdown chart below to compare losses from any high point for LDME.L and ISDE.L.
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Drawdown Indicators
| LDME.L | ISDE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.82% | -56.44% | +41.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.44% | -16.96% | +10.52% |
Max Drawdown (3Y)Largest decline over 3 years | -14.82% | -21.67% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -21.67% | +6.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.21% | — |
Current DrawdownCurrent decline from peak | -5.29% | -16.96% | +11.67% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -13.80% | +10.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 4.74% | -2.32% |
Volatility
LDME.L vs. ISDE.L - Volatility Comparison
The current volatility for L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.L) is 3.97%, while iShares MSCI EM Islamic UCITS ETF USD (Dist) (ISDE.L) has a volatility of 14.76%. This indicates that LDME.L experiences smaller price fluctuations and is considered to be less risky than ISDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDME.L | ISDE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 14.76% | -10.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 26.51% | -16.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 28.59% | -16.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.65% | 19.19% | -6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,216.41% | 19.83% | +3,196.58% |
LDME.L vs. ISDE.L - Expense Ratio Comparison
LDME.L has a 0.45% expense ratio, which is lower than ISDE.L's 0.85% expense ratio.
Dividends
LDME.L vs. ISDE.L - Dividend Comparison
LDME.L's dividend yield for the trailing twelve months is around 2.85%, more than ISDE.L's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISDE.L iShares MSCI EM Islamic UCITS ETF USD (Dist) | 1.20% | 1.06% | 2.51% | 2.77% | 2.10% | 1.79% | 0.98% | 1.55% | 1.64% | 1.02% | 1.07% | 2.32% |
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 2.85% | 3.04% | 3.67% | 3.56% | 4.57% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDME.L and ISDE.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LDME.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDME.L is cheaper with a 0.45% expense ratio, compared with 0.85% for ISDE.L.
LDME.L tracks L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis, while ISDE.L tracks MSCI Emerging Markets Islamic Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.45% for LDME.L and 0.85% for ISDE.L.
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