LQDH.L vs. EIMI.L
LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - LQDH.L is a Global Bonds fund tracking the iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist), while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 10 years, LQDH.L returned 4.37%/yr vs 9.25%/yr for EIMI.L. At a 0.36 correlation, their price movements are largely independent. LQDH.L charges 0.25%/yr vs 0.18%/yr for EIMI.L.
Performance
LQDH.L vs. EIMI.L - Performance Comparison
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Returns By Period
In the year-to-date period, LQDH.L achieves a 2.29% return, which is significantly lower than EIMI.L's 18.64% return. Over the past 10 years, LQDH.L has underperformed EIMI.L with an annualized return of 4.37%, while EIMI.L has yielded a comparatively higher 9.25% annualized return.
LQDH.L
- 1D
- -0.21%
- 1M
- -0.37%
- 6M
- 1.67%
- YTD
- 2.29%
- 1Y
- 4.74%
- 3Y*
- 7.38%
- 5Y*
- 5.33%
- 10Y*
- 4.37%
EIMI.L
- 1D
- -0.30%
- 1M
- -6.07%
- 6M
- 13.34%
- YTD
- 18.64%
- 1Y
- 34.63%
- 3Y*
- 19.30%
- 5Y*
- 7.21%
- 10Y*
- 9.25%
LQDH.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 2.29% | 4.93% | 8.27% | 11.54% | 0.28% | 0.92% | 0.77% | 10.76% | -2.64% | 4.56% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 18.64% | 32.16% | 7.36% | 11.03% | -19.67% | -0.65% | 18.80% | 16.37% | -14.18% | 36.94% |
Correlation
The correlation between LQDH.L and EIMI.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 30, 2014 | 0.36 |
The correlation between LQDH.L and EIMI.L shifts across timeframes, from 0.20 (1 year) to 0.37 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
LQDH.L vs. EIMI.L — Risk / Return Rank
LQDH.L
EIMI.L
LQDH.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) and iShares Core MSCI EM IMI UCITS ETF (EIMI.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.
| LQDH.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 2.72 | +0.57 |
| Martin ratioReturn relative to average drawdown | 11.24 | 8.68 | +2.56 |
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Drawdowns
LQDH.L vs. EIMI.L - Drawdown Comparison
The maximum LQDH.L drawdown since its inception was -23.77%, smaller than the maximum EIMI.L drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for LQDH.L and EIMI.L.
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Drawdown Indicators
| LQDH.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -38.73% | +14.96% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -12.66% | +11.27% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -17.44% | +14.63% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | -33.69% | +27.27% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | -38.73% | +14.96% |
Current DrawdownCurrent decline from peak | -0.51% | -7.71% | +7.20% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -13.92% | +12.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 3.98% | -3.57% |
Volatility
LQDH.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) is 0.93%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.59%. This indicates that LQDH.L experiences smaller price fluctuations and is considered to be less risky than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDH.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 8.59% | -7.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 19.48% | -17.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.19% | 21.43% | -18.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 18.83% | -13.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.41% | 19.22% | -12.81% |
LQDH.L vs. EIMI.L - Expense Ratio Comparison
LQDH.L has a 0.25% expense ratio, which is higher than EIMI.L's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LQDH.L vs. EIMI.L - Dividend Comparison
LQDH.L's dividend yield for the trailing twelve months is around 4.34%, while EIMI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.34% | 4.66% | 5.52% | 4.83% | 2.07% | 1.55% | 2.45% | 3.52% | 2.87% | 2.14% | 2.46% | 3.25% |
Frequently Asked Questions
LQDH.L and EIMI.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIMI.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.25% for LQDH.L.
LQDH.L is categorized as Global Bonds, while EIMI.L is Emerging Markets Equities. LQDH.L tracks iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist), while EIMI.L tracks MSCI Emerging Markets Investable Market Index. Their fees differ too: 0.25% for LQDH.L and 0.18% for EIMI.L.
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