MLPP.L vs. EMIM.L
MLPP.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - MLPP.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, MLPP.L returned 3.95%/yr vs 11.09%/yr for EMIM.L. At a 0.28 correlation, their price movements are largely independent. MLPP.L charges 0.50%/yr vs 0.18%/yr for EMIM.L.
Performance
MLPP.L vs. EMIM.L - Performance Comparison
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Returns By Period
In the year-to-date period, MLPP.L achieves a 19.02% return, which is significantly lower than EMIM.L's 24.23% return. Over the past 10 years, MLPP.L has underperformed EMIM.L with an annualized return of 3.95%, while EMIM.L has yielded a comparatively higher 11.09% annualized return.
MLPP.L
- 1D
- -0.55%
- 1M
- 0.89%
- YTD
- 19.02%
- 6M
- 13.93%
- 1Y
- 16.92%
- 3Y*
- 15.77%
- 5Y*
- 18.55%
- 10Y*
- 3.95%
EMIM.L
- 1D
- -1.35%
- 1M
- 5.54%
- YTD
- 24.23%
- 6M
- 26.48%
- 1Y
- 50.85%
- 3Y*
- 20.15%
- 5Y*
- 8.76%
- 10Y*
- 11.09%
MLPP.L vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPP.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) | 19.02% | -4.63% | 24.36% | 13.33% | 47.48% | 38.50% | -38.75% | -2.21% | -17.19% | -22.69% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.23% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | -9.32% | 24.72% |
Correlation
The correlation between MLPP.L and EMIM.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014 | 0.28 |
The correlation between MLPP.L and EMIM.L shifts across timeframes, from -0.12 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MLPP.L vs. EMIM.L — Risk / Return Rank
MLPP.L
EMIM.L
MLPP.L vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) 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.
| MLPP.L | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.57 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 4.63 | -2.76 |
| Martin ratioReturn relative to average drawdown | 4.35 | 16.57 | -12.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MLPP.L | EMIM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 3.04 | -2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.55 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.62 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.49 | -0.49 |
Drawdowns
MLPP.L vs. EMIM.L - Drawdown Comparison
The maximum MLPP.L drawdown since its inception was -84.51%, which is greater than EMIM.L's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for MLPP.L and EMIM.L.
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Drawdown Indicators
| MLPP.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.51% | -31.70% | -52.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -10.92% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -19.03% | -15.56% | -3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -19.03% | -21.98% | +2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -80.34% | -26.46% | -53.88% |
Current DrawdownCurrent decline from peak | -7.30% | -2.39% | -4.91% |
Average DrawdownAverage peak-to-trough decline | -36.25% | -8.71% | -27.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 3.06% | +0.82% |
Volatility
MLPP.L vs. EMIM.L - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) (MLPP.L) is 6.47%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.03%. This indicates that MLPP.L 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.
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Volatility by Period
| MLPP.L | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 7.03% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 14.14% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 16.67% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.82% | 15.82% | +5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.00% | 17.81% | +14.19% |
MLPP.L vs. EMIM.L - Expense Ratio Comparison
MLPP.L has a 0.50% expense ratio, which is higher than EMIM.L's 0.18% expense ratio.
Dividends
MLPP.L vs. EMIM.L - Dividend Comparison
MLPP.L's dividend yield for the trailing twelve months is around 7.55%, while EMIM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
MLPP.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist) | 7.55% | 8.28% | 7.99% | 8.81% | 7.86% | 8.40% | 6.01% | 0.13% | 0.13% | 0.11% | 0.10% | 0.15% |
Frequently Asked Questions
MLPP.L and EMIM.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.50% for MLPP.L.
MLPP.L is categorized as Energy Equities, while EMIM.L is Emerging Markets Equities. MLPP.L tracks MSCI World/Energy NR USD, while EMIM.L tracks MSCI EM NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.50% for MLPP.L and 0.18% for EMIM.L.
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