SEDM.L vs. ISAC.L
SEDM.L (iShares MSCI EM IMI Screened UCITS ETF USD (Dist)) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both Global Equities funds from iShares - SEDM.L tracks the iShares MSCI EM IMI Screened UCITS ETF USD (Dist) while ISAC.L tracks the MSCI All Country World Index (Net). Both are passively managed. Over the past 5 years, SEDM.L returned 6.74%/yr vs 11.12%/yr for ISAC.L. A 0.79 correlation means they provide meaningful diversification when combined. SEDM.L charges 0.18%/yr vs 0.20%/yr for ISAC.L.
Performance
SEDM.L vs. ISAC.L - Performance Comparison
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Returns By Period
In the year-to-date period, SEDM.L achieves a 18.00% return, which is significantly higher than ISAC.L's 11.18% return.
SEDM.L
- 1D
- -0.77%
- 1M
- -7.30%
- 6M
- 12.55%
- YTD
- 18.00%
- 1Y
- 33.61%
- 3Y*
- 19.38%
- 5Y*
- 6.74%
- 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%
SEDM.L vs. ISAC.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% |
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 SEDM.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 | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.79 |
The correlation between SEDM.L and ISAC.L has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
SEDM.L vs. ISAC.L — Risk / Return Rank
SEDM.L
ISAC.L
SEDM.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 (Dist) (SEDM.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.
| SEDM.L | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.70 | -0.18 |
| Martin ratioReturn relative to average drawdown | 8.04 | 10.76 | -2.72 |
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Drawdowns
SEDM.L vs. ISAC.L - Drawdown Comparison
The maximum SEDM.L drawdown since its inception was -38.83%, 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 SEDM.L and ISAC.L.
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Drawdown Indicators
| SEDM.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -33.82% | -5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -8.77% | -4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -16.56% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | -26.07% | -8.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.82% | — |
Current DrawdownCurrent decline from peak | -8.97% | -1.03% | -7.94% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -4.62% | -8.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 2.20% | +1.97% |
Volatility
SEDM.L vs. ISAC.L - Volatility Comparison
iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (SEDM.L) has a higher volatility of 8.85% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.18%. This indicates that SEDM.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.
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Volatility by Period
| SEDM.L | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 3.18% | +5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 10.57% | +9.03% |
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 | 18.98% | 15.65% | +3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 15.82% | +4.37% |
SEDM.L vs. ISAC.L - Expense Ratio Comparison
SEDM.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
SEDM.L vs. ISAC.L - Dividend Comparison
SEDM.L's dividend yield for the trailing twelve months is around 1.71%, while ISAC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 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
SEDM.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, SEDM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEDM.L is cheaper with a 0.18% expense ratio, compared with 0.20% for ISAC.L.
SEDM.L tracks iShares MSCI EM IMI Screened UCITS ETF USD (Dist), while ISAC.L tracks MSCI All Country World Index (Net). Their fees differ too: 0.18% for SEDM.L and 0.20% for ISAC.L.
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