VWRP.L vs. EMIM.L
VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - VWRP.L is a Global Equities fund tracking the FTSE All-World 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, VWRP.L returned 12.04%/yr vs 8.57%/yr for EMIM.L. A 0.74 correlation means they provide meaningful diversification when combined. VWRP.L charges 0.22%/yr vs 0.18%/yr for EMIM.L.
Performance
VWRP.L vs. EMIM.L - Performance Comparison
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Different Trading Currencies
VWRP.L is traded in GBP, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VWRP.L achieves a 10.60% return, which is significantly lower than EMIM.L's 22.83% return.
VWRP.L
- 1D
- 1.65%
- 1M
- 1.61%
- YTD
- 10.60%
- 6M
- 11.30%
- 1Y
- 27.25%
- 3Y*
- 17.31%
- 5Y*
- 12.04%
- 10Y*
- —
EMIM.L
- 1D
- 2.84%
- 1M
- 1.78%
- YTD
- 22.83%
- 6M
- 25.36%
- 1Y
- 44.91%
- 3Y*
- 19.09%
- 5Y*
- 8.57%
- 10Y*
- 11.13%
VWRP.L vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating | 10.60% | 13.94% | 19.60% | 15.64% | -8.41% | 20.00% | 12.27% | 1.72% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 22.83% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 0.90% |
Correlation
The correlation between VWRP.L and EMIM.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.74 |
The correlation between VWRP.L and EMIM.L has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
VWRP.L vs. EMIM.L — Risk / Return Rank
VWRP.L
EMIM.L
VWRP.L vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.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.
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.
| VWRP.L | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.49 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 4.09 | -0.27 |
| Martin ratioReturn relative to average drawdown | 15.17 | 14.02 | +1.15 |
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Drawdowns
VWRP.L vs. EMIM.L - Drawdown Comparison
The maximum VWRP.L drawdown since its inception was -25.10%, smaller than the maximum EMIM.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for VWRP.L and EMIM.L.
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Drawdown Indicators
| VWRP.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -31.70% | +6.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -10.92% | +3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | -15.56% | -2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | -21.98% | +4.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.46% | — |
Current DrawdownCurrent decline from peak | -1.64% | -3.48% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -8.70% | +5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 3.20% | -1.41% |
Volatility
VWRP.L vs. EMIM.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) is 3.57%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.38%. This indicates that VWRP.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
| VWRP.L | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 7.38% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 14.94% | -6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 17.33% | -6.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.92% | 15.97% | -3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.96% | 17.86% | -2.90% |
VWRP.L vs. EMIM.L - Expense Ratio Comparison
VWRP.L has a 0.22% 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
VWRP.L vs. EMIM.L - Dividend Comparison
Neither VWRP.L nor EMIM.L has paid dividends to shareholders.
Frequently Asked Questions
VWRP.L and EMIM.L have a correlation of 0.76, 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 0.22% for VWRP.L.
VWRP.L is categorized as Global Equities, while EMIM.L is Emerging Markets Equities. VWRP.L tracks FTSE All-World Index, while EMIM.L tracks MSCI EM NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VWRP.L and 0.18% for EMIM.L.
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