SRIU.L vs. EMRD.L
SRIU.L (UBS ETF (IE) MSCI USA Socially Responsible UCITS ETF (USD) A-dis) and EMRD.L (State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc)) are both exchange-traded funds - SRIU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while EMRD.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Index. Both are passively managed. Over the past 5 years, SRIU.L returned 11.37%/yr vs 7.50%/yr for EMRD.L. A 0.53 correlation means they provide meaningful diversification when combined. SRIU.L charges 0.22%/yr vs 0.18%/yr for EMRD.L.
Performance
SRIU.L vs. EMRD.L - Performance Comparison
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Different Trading Currencies
SRIU.L is traded in GBp, while EMRD.L is traded in USD. To make them comparable, the EMRD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SRIU.L achieves a 13.09% return, which is significantly lower than EMRD.L's 19.61% return.
SRIU.L
- 1D
- -1.80%
- 1M
- -1.36%
- 6M
- 12.13%
- YTD
- 13.09%
- 1Y
- 21.65%
- 3Y*
- 15.81%
- 5Y*
- 11.37%
- 10Y*
- —
EMRD.L
- 1D
- 0.00%
- 1M
- -6.93%
- 6M
- 13.56%
- YTD
- 19.61%
- 1Y
- 36.05%
- 3Y*
- 19.39%
- 5Y*
- 7.50%
- 10Y*
- 8.87%
SRIU.L vs. EMRD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SRIU.L UBS ETF (IE) MSCI USA Socially Responsible UCITS ETF (USD) A-dis | 13.09% | 3.18% | 21.26% | 25.24% | -16.33% | 32.89% | 21.42% |
EMRD.L State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) | 19.61% | 24.62% | 9.53% | 4.25% | -11.24% | -1.33% | 27.86% |
Correlation
The correlation between SRIU.L and EMRD.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 | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 13, 2020 | 0.53 |
The correlation between SRIU.L and EMRD.L shifts across timeframes, from 0.52 (5 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SRIU.L vs. EMRD.L — Risk / Return Rank
SRIU.L
EMRD.L
SRIU.L vs. EMRD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA Socially Responsible UCITS ETF (USD) A-dis (SRIU.L) and State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) (EMRD.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.
| SRIU.L | EMRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.45 | -1.23 |
| Martin ratioReturn relative to average drawdown | 7.07 | 9.54 | -2.47 |
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Drawdowns
SRIU.L vs. EMRD.L - Drawdown Comparison
The maximum SRIU.L drawdown since its inception was -22.95%, smaller than the maximum EMRD.L drawdown of -31.27%. Use the drawdown chart below to compare losses from any high point for SRIU.L and EMRD.L.
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Drawdown Indicators
| SRIU.L | EMRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.95% | -31.27% | +8.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -10.41% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | -15.26% | -7.30% |
Max Drawdown (5Y)Largest decline over 5 years | -22.95% | -22.35% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.33% | — |
Current DrawdownCurrent decline from peak | -3.46% | -10.00% | +6.54% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -10.35% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.78% | -0.73% |
Volatility
SRIU.L vs. EMRD.L - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI USA Socially Responsible UCITS ETF (USD) A-dis (SRIU.L) is 5.09%, while State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) (EMRD.L) has a volatility of 9.01%. This indicates that SRIU.L experiences smaller price fluctuations and is considered to be less risky than EMRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRIU.L | EMRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 9.01% | -3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 18.72% | -8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.19% | 20.85% | -7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 17.68% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 19.03% | -3.08% |
SRIU.L vs. EMRD.L - Expense Ratio Comparison
SRIU.L has a 0.22% expense ratio, which is higher than EMRD.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
SRIU.L vs. EMRD.L - Dividend Comparison
SRIU.L's dividend yield for the trailing twelve months is around 0.71%, while EMRD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EMRD.L State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRIU.L UBS ETF (IE) MSCI USA Socially Responsible UCITS ETF (USD) A-dis | 0.71% | 0.98% | 0.51% | 0.94% | 1.08% | 0.79% | 0.21% |
Frequently Asked Questions
SRIU.L and EMRD.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, EMRD.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMRD.L is cheaper with a 0.18% expense ratio, compared with 0.22% for SRIU.L.
SRIU.L is categorized as Large Cap Blend Equities, while EMRD.L is Emerging Markets Equities. SRIU.L tracks Russell 1000 TR USD, while EMRD.L tracks MSCI Emerging Markets Index. They also come from different issuers: UBS and State Street. Their fees differ too: 0.22% for SRIU.L and 0.18% for EMRD.L.
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