LIGHT.AS vs. EMIM.L

Last updated Jun 5, 2026

LIGHT.AS (Signify NV) is a stock, while EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) is Emerging Markets Equities fund tracking the MSCI EM NR USD. Over the past 10 years, LIGHT.AS returned 4.81%/yr vs 9.52%/yr for EMIM.L. At a 0.37 correlation, their price movements are largely independent.

Performance

LIGHT.AS vs. EMIM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Signify NV (LIGHT.AS) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LIGHT.AS is traded in EUR, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, LIGHT.AS achieves a 11.10% return, which is significantly lower than EMIM.L's 20.79% return. Over the past 10 years, LIGHT.AS has underperformed EMIM.L with an annualized return of 4.81%, while EMIM.L has yielded a comparatively higher 9.52% annualized return.

LIGHT.AS

• 1D: 1.99%
• 1M: 6.32%
• YTD: 11.10%
• 6M: 16.08%
• 1Y: 7.21%
• 3Y*: 1.56%
• 5Y*: -11.11%
• 10Y*: 4.81%

EMIM.L

• 1D: -3.64%
• 1M: -0.66%
• YTD: 20.79%
• 6M: 21.78%
• 1Y: 40.65%
• 3Y*: 18.14%
• 5Y*: 7.82%
• 10Y*: 9.52%

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

LIGHT.AS vs. EMIM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIGHT.AS Signify NV	11.10%	5.51%	-24.51%	2.48%	-19.89%	21.37%	23.94%	43.34%	-29.71%	35.29%
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	20.79%	16.91%	14.45%	7.15%	-14.80%	7.30%	8.67%	19.86%	-10.44%	19.81%

Correlation

The correlation between LIGHT.AS and EMIM.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since May 30, 2016	0.37

Return for Risk

LIGHT.AS vs. EMIM.L — Risk / Return Rank

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

LIGHT.AS

LIGHT.AS Risk / Return Rank: 47
LIGHT.AS Sharpe Ratio Rank: 50
LIGHT.AS Sortino Ratio Rank: 42
LIGHT.AS Omega Ratio Rank: 46
LIGHT.AS Calmar Ratio Rank: 49
LIGHT.AS Martin Ratio Rank: 49

EMIM.L

EMIM.L Risk / Return Rank: 82
EMIM.L Sharpe Ratio Rank: 84
EMIM.L Sortino Ratio Rank: 80
EMIM.L Omega Ratio Rank: 85
EMIM.L Calmar Ratio Rank: 82
EMIM.L Martin Ratio Rank: 79

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.

LIGHT.AS vs. EMIM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Signify NV (LIGHT.AS) 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.

	LIGHT.AS	EMIM.L	Difference
Sharpe ratio: Return per unit of total volatility	0.24	2.27	-2.03
Sortino ratio: Return per unit of downside risk	0.50	3.06	-2.56
Omega ratio: Gain probability vs. loss probability	1.09	1.42	-0.34
Calmar ratio: Return relative to maximum drawdown	0.31	3.80	-3.49
Martin ratio: Return relative to average drawdown	0.66	13.67	-13.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIGHT.AS vs. EMIM.L - Sharpe Ratio Comparison

The current LIGHT.AS Sharpe Ratio is 0.24, which is lower than the EMIM.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of LIGHT.AS and EMIM.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

	LIGHT.AS	EMIM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	2.27	-2.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	0.48	-0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	0.52	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.42	-0.28

Drawdowns

LIGHT.AS vs. EMIM.L - Drawdown Comparison

The maximum LIGHT.AS drawdown since its inception was -62.39%, which is greater than EMIM.L's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for LIGHT.AS and EMIM.L.

Drawdown Indicators

	LIGHT.AS	EMIM.L	Difference
Max Drawdown Largest peak-to-trough decline	-62.39%	-34.80%	-27.59%
Max Drawdown (1Y) Largest decline over 1 year	-25.66%	-10.65%	-15.01%
Max Drawdown (3Y) Largest decline over 3 years	-39.93%	-17.95%	-21.98%
Max Drawdown (5Y) Largest decline over 5 years	-62.39%	-22.35%	-40.04%
Max Drawdown (10Y) Largest decline over 10 years	-62.39%	-32.44%	-29.95%
Current Drawdown Current decline from peak	-45.36%	-6.09%	-39.27%
Average Drawdown Average peak-to-trough decline	-29.00%	-9.30%	-19.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.15%	2.97%	+9.18%

Volatility

LIGHT.AS vs. EMIM.L - Volatility Comparison

The current volatility for Signify NV (LIGHT.AS) is 6.28%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.87%. This indicates that LIGHT.AS 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.

Volatility by Period

	LIGHT.AS	EMIM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	7.87%	-1.59%
Volatility (6M) Calculated over the trailing 6-month period	27.24%	15.01%	+12.23%
Volatility (1Y) Calculated over the trailing 1-year period	33.99%	17.83%	+16.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.13%	16.41%	+17.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.87%	18.17%	+15.70%

Dividends

LIGHT.AS vs. EMIM.L - Dividend Comparison

LIGHT.AS's dividend yield for the trailing twelve months is around 7.29%, while EMIM.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
LIGHT.AS Signify NV	7.29%	7.44%	7.18%	4.95%	4.62%	3.31%	0.00%	4.67%	6.11%	3.59%

Frequently Asked Questions

Can I hold both LIGHT.AS and EMIM.L in my portfolio?

LIGHT.AS and EMIM.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.