SPMV.L vs. EIMI.L
SPMV.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - SPMV.L is a Global Equities fund tracking the iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc), while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 10 years, SPMV.L returned 9.94%/yr vs 9.25%/yr for EIMI.L. A 0.57 correlation means they provide meaningful diversification when combined. SPMV.L charges 0.20%/yr vs 0.18%/yr for EIMI.L.
Performance
SPMV.L vs. EIMI.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPMV.L achieves a 3.85% return, which is significantly lower than EIMI.L's 18.64% return. Over the past 10 years, SPMV.L has outperformed EIMI.L with an annualized return of 9.94%, while EIMI.L has yielded a comparatively lower 9.25% annualized return.
SPMV.L
- 1D
- -0.19%
- 1M
- -0.21%
- 6M
- 3.99%
- YTD
- 3.85%
- 1Y
- 10.62%
- 3Y*
- 12.71%
- 5Y*
- 8.20%
- 10Y*
- 9.94%
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%
SPMV.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMV.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) | 3.85% | 11.55% | 18.68% | 9.94% | -11.05% | 24.98% | 7.41% | 31.25% | -5.35% | 16.05% |
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% | -14.18% | 36.94% |
Correlation
The correlation between SPMV.L and EIMI.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 30, 2014 | 0.57 |
The correlation between SPMV.L and EIMI.L has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.
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Return for Risk
SPMV.L vs. EIMI.L — Risk / Return Rank
SPMV.L
EIMI.L
SPMV.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.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.
| SPMV.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.72 | -0.96 |
| Martin ratioReturn relative to average drawdown | 6.93 | 8.68 | -1.74 |
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Drawdowns
SPMV.L vs. EIMI.L - Drawdown Comparison
The maximum SPMV.L drawdown since its inception was -33.34%, smaller than the maximum EIMI.L drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for SPMV.L and EIMI.L.
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Drawdown Indicators
| SPMV.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -38.73% | +5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -12.66% | +6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -17.44% | +5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -33.69% | +15.11% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | -38.73% | +5.39% |
Current DrawdownCurrent decline from peak | -1.12% | -7.71% | +6.59% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -13.92% | +10.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 3.98% | -2.39% |
Volatility
SPMV.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (SPMV.L) is 2.34%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.59%. This indicates that SPMV.L experiences smaller price fluctuations and is considered to be less risky than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMV.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 8.59% | -6.25% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 19.48% | -13.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 21.43% | -12.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 18.83% | -6.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 19.22% | -5.45% |
SPMV.L vs. EIMI.L - Expense Ratio Comparison
SPMV.L has a 0.20% expense ratio, which is higher than EIMI.L's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPMV.L vs. EIMI.L - Dividend Comparison
Neither SPMV.L nor EIMI.L has paid dividends to shareholders.
Frequently Asked Questions
SPMV.L and EIMI.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIMI.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.20% for SPMV.L.
SPMV.L is categorized as Global Equities, while EIMI.L is Emerging Markets Equities. SPMV.L tracks iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc), while EIMI.L tracks MSCI Emerging Markets Investable Market Index. Their fees differ too: 0.20% for SPMV.L and 0.18% for EIMI.L.
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