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SEDY.L vs. IEEM.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SEDY.L vs. IEEM.L

Last updated Jun 26, 2026

SEDY.L (iShares Emerging Markets Dividend UCITS ETF) and IEEM.L (iShares MSCI EM UCITS ETF (Dist)) are both Emerging Markets Equities funds from iShares tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, SEDY.L returned 7.34%/yr vs 10.57%/yr for IEEM.L. Their correlation of 0.84 suggests significant overlap in exposure. SEDY.L charges 0.65%/yr vs 0.18%/yr for IEEM.L.

Performance

SEDY.L vs. IEEM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Emerging Markets Dividend UCITS ETF (SEDY.L) and iShares MSCI EM UCITS ETF (Dist) (IEEM.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SEDY.L achieves a 8.06% return, which is significantly lower than IEEM.L's 26.68% return. Over the past 10 years, SEDY.L has underperformed IEEM.L with an annualized return of 7.34%, while IEEM.L has yielded a comparatively higher 10.57% annualized return.

SEDY.L

1D
-0.44%
1M
-2.34%
YTD
8.06%
6M
8.54%
1Y
25.00%
3Y*
16.94%
5Y*
4.99%
10Y*
7.34%

IEEM.L

1D
0.44%
1M
2.28%
YTD
26.68%
6M
28.23%
1Y
49.41%
3Y*
21.88%
5Y*
8.38%
10Y*
10.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SEDY.L vs. IEEM.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SEDY.L
iShares Emerging Markets Dividend UCITS ETF		8.06%18.70%8.71%13.01%-22.64%12.65%-5.85%10.44%0.25%14.72%
IEEM.L
iShares MSCI EM UCITS ETF (Dist)		26.68%25.76%9.15%3.25%-10.39%-2.10%15.38%12.09%-9.60%24.46%

Correlation

The correlation between SEDY.L and IEEM.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.74

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Nov 25, 2011

0.84

The correlation between SEDY.L and IEEM.L shifts across timeframes, from 0.64 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

SEDY.L vs. IEEM.L - Sectors Allocation Comparison

Sectors
SEDY.L
IEEM.L

Financial Services

28.5%
17.6%

Energy

18.2%
3.4%

Industrials

17.1%
6.6%

Basic Materials

8.8%
5.8%

Technology

8.4%
44.3%

Utilities

7.0%
1.9%

Consumer Cyclical

4.3%
8.4%

Real Estate

3.9%
1.0%

Consumer Defensive

2.2%
2.6%

Communication Services

1.7%
6.0%

Healthcare

-

2.5%

Financial Services

SEDY.L
28.5%
IEEM.L
17.6%

Energy

SEDY.L
18.2%
IEEM.L
3.4%

Industrials

SEDY.L
17.1%
IEEM.L
6.6%

Basic Materials

SEDY.L
8.8%
IEEM.L
5.8%

Technology

SEDY.L
8.4%
IEEM.L
44.3%

Utilities

SEDY.L
7.0%
IEEM.L
1.9%

Consumer Cyclical

SEDY.L
4.3%
IEEM.L
8.4%

Real Estate

SEDY.L
3.9%
IEEM.L
1.0%

Consumer Defensive

SEDY.L
2.2%
IEEM.L
2.6%

Communication Services

SEDY.L
1.7%
IEEM.L
6.0%

Healthcare

SEDY.L

-

IEEM.L
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Emerging Markets Dividend UCITS ETF

iShares MSCI EM UCITS ETF (Dist)

Often compared with SEDY.L:
SEDY.L vs. SEML.LSEDY.L vs. SCHDSEDY.L vs. CUKX.LSEDY.L vs. IIND.LSEDY.L vs. VHYG.LSEDY.L vs. IEMGSEDY.L vs. IDAP.L
Often compared with IEEM.L:
IEEM.L vs. EIMI.LIEEM.L vs. VFEM.DEIEEM.L vs. HMEF.LIEEM.L vs. ISP6.LIEEM.L vs. 36B5.DEIEEM.L vs. VFEG.LIEEM.L vs. VOO

Return for Risk

SEDY.L vs. IEEM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SEDY.L
SEDY.L Risk / Return Rank: 7777
Overall Rank
SEDY.L Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
SEDY.L Sortino Ratio Rank: 7676
Sortino Ratio Rank
SEDY.L Omega Ratio Rank: 7272
Omega Ratio Rank
SEDY.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
SEDY.L Martin Ratio Rank: 7373
Martin Ratio Rank
IEEM.L
IEEM.L Risk / Return Rank: 8787
Overall Rank
IEEM.L Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
IEEM.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
IEEM.L Omega Ratio Rank: 9090
Omega Ratio Rank
IEEM.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
IEEM.L Martin Ratio Rank: 8484
Martin Ratio Rank
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.

SEDY.L vs. IEEM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend UCITS ETF (SEDY.L) and iShares MSCI EM UCITS ETF (Dist) (IEEM.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.

SEDY.LIEEM.LDifference
Sharpe ratioReturn per unit of total volatility
2.12
2.66

-0.54

Sortino ratioReturn per unit of downside risk
2.96
3.36

-0.41

Omega ratioGain probability vs. loss probability

1.37

1.50

-0.13

Calmar ratioReturn relative to maximum drawdown

4.44

4.39

+0.05

Martin ratioReturn relative to average drawdown

11.86

14.84

-2.98

SEDY.L vs. IEEM.L - Sharpe Ratio Comparison

The current SEDY.L Sharpe Ratio is 2.12, which is comparable to the IEEM.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of SEDY.L and IEEM.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.

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Drawdowns

SEDY.L vs. IEEM.L - Drawdown Comparison

The maximum SEDY.L drawdown since its inception was -51.33%, roughly equal to the maximum IEEM.L drawdown of -53.80%. Use the drawdown chart below to compare losses from any high point for SEDY.L and IEEM.L.

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Drawdown Indicators

SEDY.LIEEM.LDifference

Max Drawdown

Largest peak-to-trough decline

-51.33%

-53.80%

+2.47%

Max Drawdown (1Y)

Largest decline over 1 year

-5.60%

-11.21%

+5.61%

Max Drawdown (3Y)

Largest decline over 3 years

-11.92%

-15.56%

+3.64%

Max Drawdown (5Y)

Largest decline over 5 years

-29.67%

-23.96%

-5.71%

Max Drawdown (10Y)

Largest decline over 10 years

-30.40%

-27.50%

-2.90%

Current Drawdown

Current decline from peak

-5.60%

-4.26%

-1.34%

Average Drawdown

Average peak-to-trough decline

-17.90%

-11.40%

-6.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

3.32%

-1.22%

Volatility

SEDY.L vs. IEEM.L - Volatility Comparison

The current volatility for iShares Emerging Markets Dividend UCITS ETF (SEDY.L) is 4.56%, while iShares MSCI EM UCITS ETF (Dist) (IEEM.L) has a volatility of 8.75%. This indicates that SEDY.L experiences smaller price fluctuations and is considered to be less risky than IEEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SEDY.LIEEM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.56%

8.75%

-4.19%

Volatility (6M)

Calculated over the trailing 6-month period

9.27%

16.42%

-7.15%

Volatility (1Y)

Calculated over the trailing 1-year period

11.77%

18.50%

-6.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.82%

16.68%

-1.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.18%

18.23%

-2.05%

SEDY.L vs. IEEM.L - Expense Ratio Comparison

SEDY.L has a 0.65% expense ratio, which is higher than IEEM.L's 0.18% expense ratio.

Dividends

SEDY.L vs. IEEM.L - Dividend Comparison

SEDY.L's dividend yield for the trailing twelve months is around 5.18%, more than IEEM.L's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
IEEM.L
iShares MSCI EM UCITS ETF (Dist)		1.48%1.84%2.22%2.32%2.84%2.00%1.54%1.84%1.91%1.42%1.56%2.20%
SEDY.L
iShares Emerging Markets Dividend UCITS ETF		5.18%5.72%7.74%7.99%9.32%6.42%5.11%5.84%5.54%4.07%4.25%6.31%

Frequently Asked Questions

SEDY.L and IEEM.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IEEM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEEM.L is cheaper with a 0.18% expense ratio, compared with 0.65% for SEDY.L.

Both ETFs track MSCI EM NR USD. Their fees differ too: 0.65% for SEDY.L and 0.18% for IEEM.L.

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