VVSM.DE vs. EMIM.L
VVSM.DE (VanEck Semiconductor UCITS ETF) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, VVSM.DE returned 38.39%/yr vs 8.43%/yr for EMIM.L. A 0.58 correlation means they provide meaningful diversification when combined. VVSM.DE charges 0.35%/yr vs 0.18%/yr for EMIM.L.
Performance
VVSM.DE vs. EMIM.L - Performance Comparison
Loading charts...
Different Trading Currencies
VVSM.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, VVSM.DE achieves a 88.80% return, which is significantly higher than EMIM.L's 24.15% return.
VVSM.DE
- 1D
- 5.78%
- 1M
- 14.92%
- YTD
- 88.80%
- 6M
- 94.46%
- 1Y
- 164.58%
- 3Y*
- 55.11%
- 5Y*
- 38.39%
- 10Y*
- —
EMIM.L
- 1D
- 2.76%
- 1M
- 4.16%
- YTD
- 24.15%
- 6M
- 27.50%
- 1Y
- 44.91%
- 3Y*
- 18.71%
- 5Y*
- 8.43%
- 10Y*
- 10.21%
VVSM.DE vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVSM.DE VanEck Semiconductor UCITS ETF | 88.80% | 33.22% | 31.47% | 70.20% | -32.79% | 58.38% | -15.76% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.15% | 16.91% | 14.45% | 7.15% | -14.80% | 7.30% | 5.42% |
Correlation
The correlation between VVSM.DE and EMIM.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.58 |
The correlation between VVSM.DE and EMIM.L shifts across timeframes, from 0.58 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VVSM.DE vs. EMIM.L — Risk / Return Rank
VVSM.DE
EMIM.L
VVSM.DE vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (VVSM.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.
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.
| VVSM.DE | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.44 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 13.76 | 4.00 | +9.76 |
| Martin ratioReturn relative to average drawdown | 44.81 | 13.91 | +30.90 |
Loading charts...
Drawdowns
VVSM.DE vs. EMIM.L - Drawdown Comparison
The maximum VVSM.DE drawdown since its inception was -37.65%, which is greater than EMIM.L's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for VVSM.DE and EMIM.L.
Loading charts...
Drawdown Indicators
| VVSM.DE | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.65% | -34.80% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -10.65% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -17.95% | -19.57% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -22.35% | -15.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.44% | — |
Current DrawdownCurrent decline from peak | -1.32% | -3.48% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -9.29% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.07% | +0.51% |
Volatility
VVSM.DE vs. EMIM.L - Volatility Comparison
VanEck Semiconductor UCITS ETF (VVSM.DE) has a higher volatility of 13.48% compared to iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) at 7.32%. This indicates that VVSM.DE's price experiences larger fluctuations and is considered to be riskier than EMIM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VVSM.DE | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.48% | 7.32% | +6.16% |
Volatility (6M)Calculated over the trailing 6-month period | 26.15% | 15.25% | +10.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.27% | 18.05% | +15.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.43% | 16.47% | +14.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.86% | 18.19% | +13.67% |
VVSM.DE vs. EMIM.L - Expense Ratio Comparison
VVSM.DE has a 0.35% expense ratio, which is higher than EMIM.L's 0.18% expense ratio.
Dividends
VVSM.DE vs. EMIM.L - Dividend Comparison
Neither VVSM.DE nor EMIM.L has paid dividends to shareholders.
Frequently Asked Questions
VVSM.DE and EMIM.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.35% for VVSM.DE.
VVSM.DE is categorized as Semiconductors, while EMIM.L is Emerging Markets Equities. VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index, while EMIM.L tracks MSCI EM NR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.35% for VVSM.DE and 0.18% for EMIM.L.
Find the right allocation for VVSM.DE and EMIM.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer