OXLC vs. EMIM.L

Last updated Jun 13, 2026

OXLC (Oxford Lane Capital Corp.) 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, OXLC returned 3.38%/yr vs 10.56%/yr for EMIM.L. At a 0.25 correlation, their price movements are largely independent.

Performance

OXLC vs. EMIM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oxford Lane Capital Corp. (OXLC) 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

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

Returns By Period

In the year-to-date period, OXLC achieves a -27.84% return, which is significantly lower than EMIM.L's 22.27% return. Over the past 10 years, OXLC has underperformed EMIM.L with an annualized return of 3.38%, while EMIM.L has yielded a comparatively higher 10.56% annualized return.

OXLC

• 1D: -1.41%
• 1M: -8.51%
• YTD: -27.84%
• 6M: -21.18%
• 1Y: -42.28%
• 3Y*: -9.70%
• 5Y*: -7.86%
• 10Y*: 3.38%

EMIM.L

• 1D: 2.68%
• 1M: 0.81%
• YTD: 22.27%
• 6M: 25.64%
• 1Y: 42.59%
• 3Y*: 21.50%
• 5Y*: 7.44%
• 10Y*: 10.56%

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

OXLC vs. EMIM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OXLC Oxford Lane Capital Corp.	-27.84%	-24.38%	24.58%	16.52%	-24.15%	59.91%	-15.79%	-0.98%	12.86%	13.47%
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	22.27%	32.66%	7.36%	10.47%	-19.77%	-0.17%	18.43%	17.21%	-14.45%	36.59%

Correlation

The correlation between OXLC and EMIM.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014	0.25

The correlation between OXLC and EMIM.L shifts across timeframes, from 0.15 (1 year) to 0.25 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

OXLC vs. EMIM.L — Risk / Return Rank

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

OXLC

OXLC Risk / Return Rank: 6
OXLC Sharpe Ratio Rank: 2
OXLC Sortino Ratio Rank: 4
OXLC Omega Ratio Rank: 4
OXLC Calmar Ratio Rank: 11
OXLC Martin Ratio Rank: 7

EMIM.L

EMIM.L Risk / Return Rank: 86
EMIM.L Sharpe Ratio Rank: 89
EMIM.L Sortino Ratio Rank: 86
EMIM.L Omega Ratio Rank: 89
EMIM.L Calmar Ratio Rank: 85
EMIM.L Martin Ratio Rank: 82

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.

OXLC vs. EMIM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oxford Lane Capital Corp. (OXLC) 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.

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.

	OXLC	EMIM.L	Difference
Sharpe ratio: Return per unit of total volatility	-1.23	2.20	-3.43
Sortino ratio: Return per unit of downside risk	-1.73	2.94	-4.67
Omega ratio: Gain probability vs. loss probability	0.77	1.40	-0.63
Calmar ratio: Return relative to maximum drawdown	-0.81	3.28	-4.09
Martin ratio: Return relative to average drawdown	-1.47	11.64	-13.11

OXLC vs. EMIM.L - Sharpe Ratio Comparison

The current OXLC Sharpe Ratio is -1.23, which is lower than the EMIM.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of OXLC 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.

Drawdowns

OXLC vs. EMIM.L - Drawdown Comparison

The maximum OXLC drawdown since its inception was -74.58%, which is greater than EMIM.L's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for OXLC and EMIM.L.

Drawdown Indicators

	OXLC	EMIM.L	Difference
Max Drawdown Largest peak-to-trough decline	-74.58%	-39.32%	-35.26%
Max Drawdown (1Y) Largest decline over 1 year	-52.18%	-12.93%	-39.25%
Max Drawdown (3Y) Largest decline over 3 years	-57.17%	-17.29%	-39.88%
Max Drawdown (5Y) Largest decline over 5 years	-57.17%	-35.48%	-21.69%
Max Drawdown (10Y) Largest decline over 10 years	-74.58%	-39.32%	-35.26%
Current Drawdown Current decline from peak	-48.31%	-3.99%	-44.32%
Average Drawdown Average peak-to-trough decline	-14.02%	-13.99%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.82%	3.65%	+25.17%

Volatility

OXLC vs. EMIM.L - Volatility Comparison

The current volatility for Oxford Lane Capital Corp. (OXLC) is 5.90%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 8.11%. This indicates that OXLC 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

	OXLC	EMIM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.90%	8.11%	-2.21%
Volatility (6M) Calculated over the trailing 6-month period	27.68%	16.75%	+10.93%
Volatility (1Y) Calculated over the trailing 1-year period	34.41%	19.29%	+15.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.92%	18.40%	+7.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.48%	19.28%	+23.20%

Dividends

OXLC vs. EMIM.L - Dividend Comparison

OXLC's dividend yield for the trailing twelve months is around 50.72%, 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%
OXLC Oxford Lane Capital Corp.	50.72%	35.86%	20.12%	18.83%	17.75%	10.51%	22.46%	19.85%	16.70%	17.91%	22.84%	24.10%

Frequently Asked Questions

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

OXLC and EMIM.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.