WUTI.AS vs. IEMG
WUTI.AS (SPDR MSCI World Utilities UCITS ETF) and IEMG (iShares Core MSCI Emerging Markets ETF) are both exchange-traded funds - WUTI.AS is a Utilities Equities fund tracking the MSCI World/Utilities NR USD, while IEMG is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Both are passively managed. Over the past 10 years, WUTI.AS returned 8.29%/yr vs 9.97%/yr for IEMG. At a 0.24 correlation, their price movements are largely independent. WUTI.AS charges 0.30%/yr vs 0.09%/yr for IEMG.
Performance
WUTI.AS vs. IEMG - Performance Comparison
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Different Trading Currencies
WUTI.AS is traded in EUR, while IEMG is traded in USD. To make them comparable, the IEMG values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WUTI.AS achieves a 5.41% return, which is significantly lower than IEMG's 26.40% return. Over the past 10 years, WUTI.AS has underperformed IEMG with an annualized return of 8.29%, while IEMG has yielded a comparatively higher 9.97% annualized return.
WUTI.AS
- 1D
- -1.57%
- 1M
- -5.07%
- YTD
- 5.41%
- 6M
- 4.50%
- 1Y
- 12.22%
- 3Y*
- 11.62%
- 5Y*
- 9.79%
- 10Y*
- 8.29%
IEMG
- 1D
- -1.12%
- 1M
- 5.51%
- YTD
- 26.40%
- 6M
- 27.77%
- 1Y
- 46.73%
- 3Y*
- 19.92%
- 5Y*
- 8.36%
- 10Y*
- 9.97%
WUTI.AS vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WUTI.AS SPDR MSCI World Utilities UCITS ETF | 5.41% | 11.17% | 20.70% | -3.59% | 2.39% | 19.69% | -4.50% | 24.65% | 7.03% | -0.04% |
IEMG iShares Core MSCI Emerging Markets ETF | 26.40% | 16.83% | 13.53% | 8.18% | -15.02% | 6.79% | 8.15% | 20.48% | -10.93% | 20.50% |
Correlation
The correlation between WUTI.AS and IEMG is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2012 | 0.24 |
The correlation between WUTI.AS and IEMG shifts across timeframes, from 0.08 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WUTI.AS vs. IEMG — Risk / Return Rank
WUTI.AS
IEMG
WUTI.AS vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Utilities UCITS ETF (WUTI.AS) 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.
| WUTI.AS | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.48 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 4.44 | -2.76 |
| Martin ratioReturn relative to average drawdown | 4.58 | 16.21 | -11.63 |
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
| WUTI.AS | IEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 2.59 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.50 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.52 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.40 | +0.03 |
Drawdowns
WUTI.AS vs. IEMG - Drawdown Comparison
The maximum WUTI.AS drawdown since its inception was -33.51%, roughly equal to the maximum IEMG drawdown of -34.49%. Use the drawdown chart below to compare losses from any high point for WUTI.AS and IEMG.
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Drawdown Indicators
| WUTI.AS | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.51% | -34.49% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -10.58% | +3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -17.88% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -22.55% | -0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -33.51% | -32.63% | -0.88% |
Current DrawdownCurrent decline from peak | -7.14% | -2.17% | -4.97% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -9.17% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.89% | -0.24% |
Volatility
WUTI.AS vs. IEMG - Volatility Comparison
The current volatility for SPDR MSCI World Utilities UCITS ETF (WUTI.AS) is 4.31%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 7.50%. This indicates that WUTI.AS experiences smaller price fluctuations and is considered to be less risky 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
| WUTI.AS | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 7.50% | -3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 15.44% | -5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 18.13% | -5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 16.66% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.42% | 19.18% | -2.76% |
WUTI.AS vs. IEMG - Expense Ratio Comparison
WUTI.AS has a 0.30% expense ratio, which is higher than IEMG's 0.09% expense ratio.
Dividends
WUTI.AS vs. IEMG - Dividend Comparison
WUTI.AS has not paid dividends to shareholders, while IEMG's dividend yield for the trailing twelve months is around 2.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WUTI.AS SPDR MSCI World Utilities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WUTI.AS and IEMG have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEMG is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEMG is cheaper with a 0.09% expense ratio, compared with 0.30% for WUTI.AS.
WUTI.AS is categorized as Utilities Equities, while IEMG is Emerging Markets Diversified. WUTI.AS tracks MSCI World/Utilities NR USD, while IEMG tracks MSCI Emerging Markets Investable Market Index (USD) (Net). They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WUTI.AS and 0.09% for IEMG.
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