SWLD.L vs. EMIM.L
Compare and contrast key facts about SPDR MSCI World UCITS ETF (SWLD.L) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L).
SWLD.L and EMIM.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SWLD.L is a passively managed fund by State Street that tracks the performance of the MSCI ACWI NR USD. It was launched on Feb 28, 2019. EMIM.L is a passively managed fund by iShares that tracks the performance of the MSCI EM NR USD. It was launched on May 30, 2014. Both SWLD.L and EMIM.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWLD.L or EMIM.L.
Performance
SWLD.L vs. EMIM.L - Performance Comparison
Returns By Period
In the year-to-date period, SWLD.L achieves a 19.63% return, which is significantly higher than EMIM.L's 8.78% return.
SWLD.L
19.63%
2.65%
8.45%
0.62%
12.52%
N/A
EMIM.L
8.78%
-3.24%
-0.48%
11.09%
4.30%
5.78%
Key characteristics
| SWLD.L | EMIM.L | |
|---|---|---|
| Sharpe Ratio | 2.45 | 0.86 |
| Sortino Ratio | 3.44 | 1.30 |
| Omega Ratio | 1.47 | 1.16 |
| Calmar Ratio | 1.23 | 0.60 |
| Martin Ratio | 17.24 | 4.10 |
| Ulcer Index | 1.43% | 2.70% |
| Daily Std Dev | 32.33% | 12.85% |
| Max Drawdown | -32.06% | -31.70% |
| Current Drawdown | -0.91% | -6.19% |
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SWLD.L vs. EMIM.L - Expense Ratio Comparison
SWLD.L has a 0.12% expense ratio, which is lower than EMIM.L's 0.18% 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%.
Correlation
The correlation between SWLD.L and EMIM.L is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SWLD.L vs. EMIM.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SWLD.L) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.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.
Dividends
SWLD.L vs. EMIM.L - Dividend Comparison
Neither SWLD.L nor EMIM.L has paid dividends to shareholders.
Drawdowns
SWLD.L vs. EMIM.L - Drawdown Comparison
The maximum SWLD.L drawdown since its inception was -32.06%, roughly equal to the maximum EMIM.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for SWLD.L and EMIM.L. For additional features, visit the drawdowns tool.
Volatility
SWLD.L vs. EMIM.L - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SWLD.L) is 3.05%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 4.93%. This indicates that SWLD.L experiences smaller price fluctuations and is considered to be less risky than EMIM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.