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THLLY vs. IEMG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

THLLY vs. IEMG

Last updated Jun 4, 2026

THLLY (Thales SA ADR) is a stock, while IEMG (iShares Core MSCI Emerging Markets ETF) is Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Over the past 5 years, THLLY returned 23.01%/yr vs 7.36%/yr for IEMG. At a 0.23 correlation, their price movements are largely independent.

Performance

THLLY vs. IEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thales SA ADR (THLLY) and iShares Core MSCI Emerging Markets ETF (IEMG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, THLLY achieves a -2.28% return, which is significantly lower than IEMG's 24.98% return.

THLLY

1D
-1.12%
1M
-2.95%
YTD
-2.28%
6M
0.78%
1Y
-14.33%
3Y*
24.71%
5Y*
23.01%
10Y*
—

IEMG

1D
-0.98%
1M
4.82%
YTD
24.98%
6M
27.43%
1Y
49.24%
3Y*
23.19%
5Y*
7.36%
10Y*
10.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

THLLY vs. IEMG - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
THLLY
Thales SA ADR		-2.28%92.10%-1.16%18.36%51.26%-3.68%-12.42%-82.02%-6.66%
IEMG
iShares Core MSCI Emerging Markets ETF		24.98%32.56%6.50%11.52%-19.98%-0.64%17.87%17.81%-1.08%

Correlation

The correlation between THLLY and IEMG is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.16

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

0.18

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

0.21

Correlation (All Time)
Calculated using the full available price history since Nov 23, 2018

0.23

Compare stocks, funds, or ETFs

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

Thales SA ADR

iShares Core MSCI Emerging Markets ETF

Often compared with THLLY:
THLLY vs. HO.PATHLLY vs. SCGLYTHLLY vs. FINMYTHLLY vs. RNMBYTHLLY vs. KTOSTHLLY vs. RYCEYTHLLY vs. PRWCX
Often compared with IEMG:
IEMG vs. VWOIEMG vs. EEMIEMG vs. IEFAIEMG vs. EMXCIEMG vs. SCHEIEMG vs. IXUSIEMG vs. SPY

Return for Risk

THLLY vs. IEMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
THLLY
THLLY Risk / Return Rank: 1818
Overall Rank
THLLY Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
THLLY Sortino Ratio Rank: 2121
Sortino Ratio Rank
THLLY Omega Ratio Rank: 2222
Omega Ratio Rank
THLLY Calmar Ratio Rank: 1616
Calmar Ratio Rank
THLLY Martin Ratio Rank: 1212
Martin Ratio Rank
IEMG
IEMG Risk / Return Rank: 7777
Overall Rank
IEMG Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
IEMG Sortino Ratio Rank: 7575
Sortino Ratio Rank
IEMG Omega Ratio Rank: 7979
Omega Ratio Rank
IEMG Calmar Ratio Rank: 7676
Calmar Ratio Rank
IEMG Martin Ratio Rank: 7676
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.

THLLY vs. IEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thales SA ADR (THLLY) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.

THLLYIEMGDifference
Sharpe ratioReturn per unit of total volatility
-0.43
2.55

-2.98

Sortino ratioReturn per unit of downside risk
-0.41
3.34

-3.75

Omega ratioGain probability vs. loss probability

0.95

1.47

-0.52

Calmar ratioReturn relative to maximum drawdown

-0.68

3.74

-4.43

Martin ratioReturn relative to average drawdown

-1.28

14.39

-15.67

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THLLY vs. IEMG - Sharpe Ratio Comparison

The current THLLY Sharpe Ratio is -0.43, which is lower than the IEMG Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of THLLY and IEMG, 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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Sharpe Ratios by Period

THLLYIEMGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.43

2.55

-2.98

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.40

+0.34

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.51

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.22

0.35

-0.57

Drawdowns

THLLY vs. IEMG - Drawdown Comparison

The maximum THLLY drawdown since its inception was -90.72%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for THLLY and IEMG.

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Drawdown Indicators

THLLYIEMGDifference

Max Drawdown

Largest peak-to-trough decline

-90.72%

-38.71%

-52.01%

Max Drawdown (1Y)

Largest decline over 1 year

-21.08%

-13.21%

-7.87%

Max Drawdown (3Y)

Largest decline over 3 years

-24.17%

-17.21%

-6.96%

Max Drawdown (5Y)

Largest decline over 5 years

-26.79%

-35.83%

+9.04%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.71%

—

Current Drawdown

Current decline from peak

-52.97%

-2.30%

-50.67%

Average Drawdown

Average peak-to-trough decline

-72.73%

-12.97%

-59.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.22%

3.43%

+7.79%

Volatility

THLLY vs. IEMG - Volatility Comparison

Thales SA ADR (THLLY) has a higher volatility of 9.01% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 8.24%. This indicates that THLLY's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

THLLYIEMGDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.01%

8.24%

+0.77%

Volatility (6M)

Calculated over the trailing 6-month period

24.81%

16.97%

+7.84%

Volatility (1Y)

Calculated over the trailing 1-year period

33.24%

19.47%

+13.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.26%

18.38%

+12.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

46.27%

20.03%

+26.24%

Dividends

THLLY vs. IEMG - Dividend Comparison

THLLY's dividend yield for the trailing twelve months is around 1.75%, less than IEMG's 2.20% yield.

PositionTTM20252024202320222021202020192018201720162015
IEMG
iShares Core MSCI Emerging Markets ETF		2.20%2.75%3.20%2.89%2.71%3.06%1.87%3.15%2.76%2.35%2.28%2.53%
THLLY
Thales SA ADR		1.75%1.58%2.57%2.24%2.24%2.68%0.52%0.63%0.48%0.00%0.00%0.00%

Frequently Asked Questions

THLLY and IEMG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

THLLY has higher volatility (9.01%) compared to IEMG (8.24%). In terms of maximum drawdown, THLLY dropped -90.72% vs IEMG's -38.71%.

IEMG currently has the higher Sharpe Ratio (2.55 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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