TIGB.L vs. EMIM.L
TIGB.L (Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - TIGB.L is a Short-Term Bond fund tracking the Bloomberg US Treasury Coupons Index, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, TIGB.L returned 4.48%/yr vs 20.15%/yr for EMIM.L. At a correlation of -0.05, they often move in opposite directions. TIGB.L charges 0.10%/yr vs 0.18%/yr for EMIM.L.
Performance
TIGB.L vs. EMIM.L - Performance Comparison
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Returns By Period
In the year-to-date period, TIGB.L achieves a 1.42% return, which is significantly lower than EMIM.L's 24.23% return.
TIGB.L
- 1D
- 0.09%
- 1M
- 0.29%
- YTD
- 1.42%
- 6M
- 1.75%
- 1Y
- 3.78%
- 3Y*
- 4.48%
- 5Y*
- —
- 10Y*
- —
EMIM.L
- 1D
- -1.35%
- 1M
- 5.54%
- YTD
- 24.23%
- 6M
- 26.48%
- 1Y
- 50.85%
- 3Y*
- 20.15%
- 5Y*
- 8.76%
- 10Y*
- 11.09%
TIGB.L vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist | 1.42% | 4.10% | 4.94% | 4.27% | 0.03% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.23% | 23.35% | 9.18% | 4.93% | -8.44% |
Correlation
The correlation between TIGB.L and EMIM.L is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | -0.05 |
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Return for Risk
TIGB.L vs. EMIM.L — Risk / Return Rank
TIGB.L
EMIM.L
TIGB.L vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.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.
| TIGB.L | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 2.34 | 1.57 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 12.51 | 4.63 | +7.88 |
| Martin ratioReturn relative to average drawdown | 73.64 | 16.57 | +57.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TIGB.L | EMIM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.87 | 3.04 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.48 | 0.49 | +4.99 |
Drawdowns
TIGB.L vs. EMIM.L - Drawdown Comparison
The maximum TIGB.L drawdown since its inception was -0.50%, smaller than the maximum EMIM.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for TIGB.L and EMIM.L.
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Drawdown Indicators
| TIGB.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.50% | -31.70% | +31.20% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -10.92% | +10.62% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -15.56% | +15.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.46% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.39% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -8.71% | +8.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 3.06% | -3.01% |
Volatility
TIGB.L vs. EMIM.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) is 0.45%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.03%. This indicates that TIGB.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.
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Volatility by Period
| TIGB.L | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 7.03% | -6.58% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 14.14% | -13.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.97% | 16.67% | -15.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.74% | 15.82% | -15.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.74% | 17.81% | -17.07% |
TIGB.L vs. EMIM.L - Expense Ratio Comparison
TIGB.L has a 0.10% 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%.
Dividends
TIGB.L vs. EMIM.L - Dividend Comparison
TIGB.L's dividend yield for the trailing twelve months is around 3.92%, while EMIM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist | 3.92% | 4.11% | 4.93% | 4.53% | 1.46% |
Frequently Asked Questions
TIGB.L and EMIM.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TIGB.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIGB.L is cheaper with a 0.10% expense ratio, compared with 0.18% for EMIM.L.
TIGB.L is categorized as Short-Term Bond, while EMIM.L is Emerging Markets Equities. TIGB.L tracks Bloomberg US Treasury Coupons Index, while EMIM.L tracks MSCI EM NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for TIGB.L and 0.18% for EMIM.L.
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