SEDM.L vs. EIMI.L
SEDM.L (iShares MSCI EM IMI Screened UCITS ETF USD (Dist)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - SEDM.L is a Global Equities fund tracking the iShares MSCI EM IMI Screened 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 5 years, SEDM.L returned 6.74%/yr vs 7.21%/yr for EIMI.L. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.18% expense ratio.
Performance
SEDM.L vs. EIMI.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SEDM.L having a 18.00% return and EIMI.L slightly higher at 18.64%.
SEDM.L
- 1D
- -0.77%
- 1M
- -7.30%
- 6M
- 12.55%
- YTD
- 18.00%
- 1Y
- 33.61%
- 3Y*
- 19.38%
- 5Y*
- 6.74%
- 10Y*
- —
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%
SEDM.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SEDM.L iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 18.00% | 32.84% | 7.40% | 10.53% | -20.48% | -1.52% | 19.90% | 16.95% | 1.21% |
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% | 1.53% |
Correlation
The correlation between SEDM.L and EIMI.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.99 |
The correlation between SEDM.L and EIMI.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
SEDM.L vs. EIMI.L — Risk / Return Rank
SEDM.L
EIMI.L
SEDM.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (SEDM.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.
| SEDM.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.72 | -0.21 |
| Martin ratioReturn relative to average drawdown | 8.04 | 8.68 | -0.64 |
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Drawdowns
SEDM.L vs. EIMI.L - Drawdown Comparison
The maximum SEDM.L drawdown since its inception was -38.83%, roughly equal to the maximum EIMI.L drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for SEDM.L and EIMI.L.
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Drawdown Indicators
| SEDM.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -38.73% | -0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -12.66% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -17.44% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | -33.69% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.73% | — |
Current DrawdownCurrent decline from peak | -8.97% | -7.71% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -13.92% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 3.98% | +0.19% |
Volatility
SEDM.L vs. EIMI.L - Volatility Comparison
iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (SEDM.L) and iShares Core MSCI EM IMI UCITS ETF (EIMI.L) have volatilities of 8.85% and 8.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEDM.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 8.59% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 19.48% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.74% | 21.43% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.98% | 18.83% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 19.22% | +0.97% |
SEDM.L vs. EIMI.L - Expense Ratio Comparison
Both SEDM.L and EIMI.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SEDM.L vs. EIMI.L - Dividend Comparison
SEDM.L's dividend yield for the trailing twelve months is around 1.71%, while EIMI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
SEDM.L iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 1.71% | 1.96% | 2.37% | 2.33% | 2.56% | 1.83% | 1.51% | 2.23% |
Frequently Asked Questions
With a correlation of 0.99, SEDM.L and EIMI.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SEDM.L and EIMI.L have the same expense ratio: 0.18% per year.
SEDM.L is categorized as Global Equities, while EIMI.L is Emerging Markets Equities. SEDM.L tracks iShares MSCI EM IMI Screened UCITS ETF USD (Dist), while EIMI.L tracks MSCI Emerging Markets Investable Market Index.
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