V3MA.DE vs. EMIM.L
V3MA.DE (Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both Emerging Markets Equities funds - V3MA.DE tracks the FTSE Emerging All Cap Choice while EMIM.L tracks the MSCI EM NR USD. Both are passively managed. Over the past year, V3MA.DE returned 31.20% vs 48.92% for EMIM.L. Their correlation of 0.89 suggests significant overlap in exposure. V3MA.DE charges 0.24%/yr vs 0.18%/yr for EMIM.L.
Performance
V3MA.DE vs. EMIM.L - Performance Comparison
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Different Trading Currencies
V3MA.DE is traded in EUR, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, V3MA.DE achieves a 16.20% return, which is significantly lower than EMIM.L's 27.06% return.
V3MA.DE
- 1D
- -0.58%
- 1M
- 3.08%
- YTD
- 16.20%
- 6M
- 17.26%
- 1Y
- 31.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMIM.L
- 1D
- 0.00%
- 1M
- 6.79%
- YTD
- 27.06%
- 6M
- 29.52%
- 1Y
- 48.92%
- 3Y*
- 20.51%
- 5Y*
- 8.91%
- 10Y*
- 10.18%
V3MA.DE vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
V3MA.DE Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating | 16.20% | 10.67% | 1.36% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.33% | 16.91% | 0.43% |
Correlation
The correlation between V3MA.DE and EMIM.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024 | 0.89 |
The correlation between V3MA.DE and EMIM.L has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
V3MA.DE vs. EMIM.L — Risk / Return Rank
V3MA.DE
EMIM.L
V3MA.DE vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) 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.
| V3MA.DE | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.52 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 4.57 | -1.12 |
| Martin ratioReturn relative to average drawdown | 11.63 | 16.60 | -4.98 |
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
| V3MA.DE | EMIM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.80 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.44 | +0.68 |
Drawdowns
V3MA.DE vs. EMIM.L - Drawdown Comparison
The maximum V3MA.DE drawdown since its inception was -19.79%, smaller than the maximum EMIM.L drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for V3MA.DE and EMIM.L.
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Drawdown Indicators
| V3MA.DE | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -34.80% | +15.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -10.65% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.44% | — |
Current DrawdownCurrent decline from peak | -1.50% | -1.20% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -9.31% | +6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.94% | -0.26% |
Volatility
V3MA.DE vs. EMIM.L - Volatility Comparison
The current volatility for Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) is 5.43%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 6.95%. This indicates that V3MA.DE 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
| V3MA.DE | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 6.95% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 14.42% | -2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 17.37% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 16.32% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 18.14% | -1.31% |
V3MA.DE vs. EMIM.L - Expense Ratio Comparison
V3MA.DE has a 0.24% expense ratio, which is higher than EMIM.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
V3MA.DE vs. EMIM.L - Dividend Comparison
Neither V3MA.DE nor EMIM.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, V3MA.DE and EMIM.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EMIM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.24% for V3MA.DE.
V3MA.DE tracks FTSE Emerging All Cap Choice, while EMIM.L tracks MSCI EM NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for V3MA.DE and 0.18% for EMIM.L.
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