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LEML.L vs. EMDV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LEML.L vs. EMDV.L

Last updated Jun 5, 2026

LEML.L (Lyxor MSCI Emerging Markets UCITS ETF - Acc USD) and EMDV.L (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from Amundi and State Street respectively. Both are passively managed. Over the past 10 years, LEML.L returned 10.54%/yr vs 6.88%/yr for EMDV.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.

Performance

LEML.L vs. EMDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor MSCI Emerging Markets UCITS ETF - Acc USD (LEML.L) and SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (EMDV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LEML.L is traded in GBp, while EMDV.L is traded in GBP. To make them comparable, the EMDV.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, LEML.L achieves a 25.85% return, which is significantly higher than EMDV.L's 3.89% return. Over the past 10 years, LEML.L has outperformed EMDV.L with an annualized return of 10.54%, while EMDV.L has yielded a comparatively lower 6.88% annualized return.

LEML.L

1D
-1.66%
1M
6.29%
YTD
25.85%
6M
27.98%
1Y
53.27%
3Y*
20.41%
5Y*
8.13%
10Y*
10.54%

EMDV.L

1D
-0.29%
1M
-1.07%
YTD
3.89%
6M
2.18%
1Y
9.77%
3Y*
8.73%
5Y*
5.38%
10Y*
6.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LEML.L vs. EMDV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LEML.L
Lyxor MSCI Emerging Markets UCITS ETF - Acc USD		25.85%24.60%8.72%2.68%-10.69%-1.92%13.57%13.03%-9.98%24.60%
EMDV.L
SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)		3.89%8.10%16.29%-0.66%1.92%0.14%-5.08%7.32%-0.61%16.71%

Correlation

The correlation between LEML.L and EMDV.L is 0.64, 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

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.74

Correlation (5Y)
Calculated over the trailing 5-year period

0.76

Correlation (10Y)
Calculated over the trailing 10-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2012

0.85

Over the past year, the correlation between LEML.L and EMDV.L has dropped to 0.64 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

LEML.L vs. EMDV.L - Sectors Allocation Comparison

Sectors
LEML.L
EMDV.L

Technology

36.9%
6.7%

Financial Services

19.5%
32.9%

Consumer Cyclical

9.6%
13.2%

Industrials

7.5%
12.4%

Communication Services

6.9%
12.9%

Basic Materials

6.6%
2.2%

Energy

4.1%
5.3%

Consumer Defensive

3.0%
2.8%

Healthcare

2.9%
2.6%

Utilities

2.1%
2.0%

Real Estate

1.0%
7.0%

Technology

LEML.L
36.9%
EMDV.L
6.7%

Financial Services

LEML.L
19.5%
EMDV.L
32.9%

Consumer Cyclical

LEML.L
9.6%
EMDV.L
13.2%

Industrials

LEML.L
7.5%
EMDV.L
12.4%

Communication Services

LEML.L
6.9%
EMDV.L
12.9%

Basic Materials

LEML.L
6.6%
EMDV.L
2.2%

Energy

LEML.L
4.1%
EMDV.L
5.3%

Consumer Defensive

LEML.L
3.0%
EMDV.L
2.8%

Healthcare

LEML.L
2.9%
EMDV.L
2.6%

Utilities

LEML.L
2.1%
EMDV.L
2.0%

Real Estate

LEML.L
1.0%
EMDV.L
7.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Lyxor MSCI Emerging Markets UCITS ETF - Acc USD

SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)

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Often compared with EMDV.L:
EMDV.L vs. TLTEMDV.L vs. HEMC.LEMDV.L vs. XEMD.LEMDV.L vs. EMGU.LEMDV.L vs. IEMA.LEMDV.L vs. AEME.LEMDV.L vs. HMEF.L

Return for Risk

LEML.L vs. EMDV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LEML.L
LEML.L Risk / Return Rank: 8888
Overall Rank
LEML.L Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
LEML.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
LEML.L Omega Ratio Rank: 9191
Omega Ratio Rank
LEML.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
LEML.L Martin Ratio Rank: 8484
Martin Ratio Rank
EMDV.L
EMDV.L Risk / Return Rank: 2323
Overall Rank
EMDV.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
EMDV.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
EMDV.L Omega Ratio Rank: 2323
Omega Ratio Rank
EMDV.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
EMDV.L Martin Ratio Rank: 2222
Martin Ratio Rank
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.

LEML.L vs. EMDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Emerging Markets UCITS ETF - Acc USD (LEML.L) and SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (EMDV.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.

LEML.LEMDV.LDifference
Sharpe ratioReturn per unit of total volatility
3.14
0.83

+2.31

Sortino ratioReturn per unit of downside risk
4.03
1.20

+2.83

Omega ratioGain probability vs. loss probability

1.58

1.15

+0.43

Calmar ratioReturn relative to maximum drawdown

4.87

1.16

+3.71

Martin ratioReturn relative to average drawdown

16.96

2.64

+14.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEML.L vs. EMDV.L - Sharpe Ratio Comparison

The current LEML.L Sharpe Ratio is 3.14, which is higher than the EMDV.L Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of LEML.L and EMDV.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.

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Sharpe Ratios by Period

LEML.LEMDV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.14

0.83

+2.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.37

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.41

+0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.23

+0.18

Drawdowns

LEML.L vs. EMDV.L - Drawdown Comparison

The maximum LEML.L drawdown since its inception was -31.91%, smaller than the maximum EMDV.L drawdown of -48.26%. Use the drawdown chart below to compare losses from any high point for LEML.L and EMDV.L.

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Drawdown Indicators

LEML.LEMDV.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.91%

-48.26%

+16.35%

Max Drawdown (1Y)

Largest decline over 1 year

-10.89%

-8.38%

-2.51%

Max Drawdown (3Y)

Largest decline over 3 years

-15.34%

-13.20%

-2.14%

Max Drawdown (5Y)

Largest decline over 5 years

-24.14%

-15.31%

-8.83%

Max Drawdown (10Y)

Largest decline over 10 years

-27.59%

-34.93%

+7.34%

Current Drawdown

Current decline from peak

-2.51%

-5.29%

+2.78%

Average Drawdown

Average peak-to-trough decline

-10.48%

-13.49%

+3.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.13%

3.70%

-0.57%

Volatility

LEML.L vs. EMDV.L - Volatility Comparison

Lyxor MSCI Emerging Markets UCITS ETF - Acc USD (LEML.L) has a higher volatility of 7.42% compared to SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (EMDV.L) at 3.75%. This indicates that LEML.L's price experiences larger fluctuations and is considered to be riskier than EMDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LEML.LEMDV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.42%

3.75%

+3.67%

Volatility (6M)

Calculated over the trailing 6-month period

14.42%

8.56%

+5.86%

Volatility (1Y)

Calculated over the trailing 1-year period

16.89%

11.78%

+5.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.15%

14.56%

+1.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.94%

16.96%

+0.98%

LEML.L vs. EMDV.L - Expense Ratio Comparison

Both LEML.L and EMDV.L have an expense ratio of 0.55%.

Dividends

LEML.L vs. EMDV.L - Dividend Comparison

Neither LEML.L nor EMDV.L has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EMDV.L
SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)		0.00%1.29%4.08%4.98%4.45%3.28%3.19%3.83%3.49%2.89%4.15%5.95%
LEML.L
Lyxor MSCI Emerging Markets UCITS ETF - Acc USD		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LEML.L and EMDV.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

LEML.L and EMDV.L have the same expense ratio: 0.55% per year.

Both ETFs track MSCI EM NR USD. They also come from different issuers: Amundi and State Street.

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