SAEM.L vs. ISAC.L
SAEM.L (iShares MSCI EM IMI Screened UCITS ETF USD (Acc)) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both Global Equities funds from iShares - SAEM.L tracks the iShares MSCI EM IMI Screened UCITS ETF USD (Acc) while ISAC.L tracks the MSCI All Country World Index (Net). Both are passively managed. Over the past 5 years, SAEM.L returned 6.59%/yr vs 11.12%/yr for ISAC.L. A 0.78 correlation means they provide meaningful diversification when combined. SAEM.L charges 0.18%/yr vs 0.20%/yr for ISAC.L.
Performance
SAEM.L vs. ISAC.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SAEM.L achieves a 17.34% return, which is significantly higher than ISAC.L's 11.18% return.
SAEM.L
- 1D
- -1.24%
- 1M
- -7.79%
- 6M
- 11.92%
- YTD
- 17.34%
- 1Y
- 33.01%
- 3Y*
- 19.20%
- 5Y*
- 6.59%
- 10Y*
- —
ISAC.L
- 1D
- 0.12%
- 1M
- -0.60%
- 6M
- 9.67%
- YTD
- 11.18%
- 1Y
- 23.73%
- 3Y*
- 19.02%
- 5Y*
- 11.12%
- 10Y*
- 12.44%
SAEM.L vs. ISAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SAEM.L iShares MSCI EM IMI Screened UCITS ETF USD (Acc) | 17.34% | 33.03% | 7.25% | 10.56% | -20.46% | -1.52% | 19.84% | 16.95% | 1.22% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.18% | 22.36% | 17.81% | 22.57% | -18.16% | 18.85% | 15.66% | 25.75% | -7.47% |
Correlation
The correlation between SAEM.L and ISAC.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.78 |
The correlation between SAEM.L and ISAC.L has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SAEM.L vs. ISAC.L — Risk / Return Rank
SAEM.L
ISAC.L
SAEM.L vs. ISAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI Screened UCITS ETF USD (Acc) (SAEM.L) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.
| SAEM.L | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.70 | -0.26 |
| Martin ratioReturn relative to average drawdown | 7.82 | 10.76 | -2.94 |
Loading charts...
Drawdowns
SAEM.L vs. ISAC.L - Drawdown Comparison
The maximum SAEM.L drawdown since its inception was -38.77%, which is greater than ISAC.L's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for SAEM.L and ISAC.L.
Loading charts...
Drawdown Indicators
| SAEM.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -33.82% | -4.95% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -8.77% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -16.56% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -34.85% | -26.07% | -8.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.82% | — |
Current DrawdownCurrent decline from peak | -9.43% | -1.03% | -8.40% |
Average DrawdownAverage peak-to-trough decline | -12.86% | -4.62% | -8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 2.20% | +1.99% |
Volatility
SAEM.L vs. ISAC.L - Volatility Comparison
iShares MSCI EM IMI Screened UCITS ETF USD (Acc) (SAEM.L) has a higher volatility of 9.20% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.18%. This indicates that SAEM.L's price experiences larger fluctuations and is considered to be riskier than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SAEM.L | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.20% | 3.18% | +6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.67% | 10.57% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.74% | 12.88% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 15.65% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 15.82% | +4.70% |
SAEM.L vs. ISAC.L - Expense Ratio Comparison
SAEM.L has a 0.18% expense ratio, which is lower than ISAC.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SAEM.L vs. ISAC.L - Dividend Comparison
Neither SAEM.L nor ISAC.L has paid dividends to shareholders.
Frequently Asked Questions
SAEM.L and ISAC.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAEM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAEM.L is cheaper with a 0.18% expense ratio, compared with 0.20% for ISAC.L.
SAEM.L tracks iShares MSCI EM IMI Screened UCITS ETF USD (Acc), while ISAC.L tracks MSCI All Country World Index (Net). Their fees differ too: 0.18% for SAEM.L and 0.20% for ISAC.L.
Find the right allocation for SAEM.L and ISAC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer