XSX6.L vs. EMIM.L
XSX6.L (Xtrackers STOXX Europe 600 UCITS ETF 1C) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - XSX6.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, XSX6.L returned 10.94%/yr vs 11.13%/yr for EMIM.L. A 0.67 correlation means they provide meaningful diversification when combined. XSX6.L charges 0.20%/yr vs 0.18%/yr for EMIM.L.
Performance
XSX6.L vs. EMIM.L - Performance Comparison
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Returns By Period
In the year-to-date period, XSX6.L achieves a 7.85% return, which is significantly lower than EMIM.L's 22.83% return. Both investments have delivered pretty close results over the past 10 years, with XSX6.L having a 10.94% annualized return and EMIM.L not far ahead at 11.13%.
XSX6.L
- 1D
- 1.82%
- 1M
- 2.51%
- YTD
- 7.85%
- 6M
- 9.56%
- 1Y
- 21.07%
- 3Y*
- 14.44%
- 5Y*
- 9.90%
- 10Y*
- 10.94%
EMIM.L
- 1D
- 2.84%
- 1M
- 3.05%
- YTD
- 22.83%
- 6M
- 25.36%
- 1Y
- 46.92%
- 3Y*
- 19.09%
- 5Y*
- 8.57%
- 10Y*
- 11.13%
XSX6.L vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSX6.L Xtrackers STOXX Europe 600 UCITS ETF 1C | 7.85% | 26.36% | 3.77% | 13.18% | -4.98% | 16.80% | 3.80% | 20.52% | -9.91% | 15.28% |
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% | 12.69% | -9.32% | 24.72% |
Correlation
The correlation between XSX6.L and EMIM.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.67 |
The correlation between XSX6.L and EMIM.L shifts across timeframes, from 0.57 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XSX6.L vs. EMIM.L — Risk / Return Rank
XSX6.L
EMIM.L
XSX6.L vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers STOXX Europe 600 UCITS ETF 1C (XSX6.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.
| XSX6.L | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.49 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 4.09 | -2.20 |
| Martin ratioReturn relative to average drawdown | 6.80 | 14.02 | -7.21 |
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Drawdowns
XSX6.L vs. EMIM.L - Drawdown Comparison
The maximum XSX6.L drawdown since its inception was -29.35%, smaller than the maximum EMIM.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for XSX6.L and EMIM.L.
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Drawdown Indicators
| XSX6.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.35% | -31.70% | +2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -10.92% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -12.63% | -15.56% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -21.98% | +4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -28.43% | -26.46% | -1.97% |
Current DrawdownCurrent decline from peak | -0.10% | -3.48% | +3.38% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -8.70% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.20% | -0.28% |
Volatility
XSX6.L vs. EMIM.L - Volatility Comparison
The current volatility for Xtrackers STOXX Europe 600 UCITS ETF 1C (XSX6.L) is 3.41%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.38%. This indicates that XSX6.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
| XSX6.L | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 7.38% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 14.94% | -4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 17.33% | -5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 15.97% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 17.86% | -2.02% |
XSX6.L vs. EMIM.L - Expense Ratio Comparison
XSX6.L has a 0.20% 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
XSX6.L vs. EMIM.L - Dividend Comparison
Neither XSX6.L nor EMIM.L has paid dividends to shareholders.
Frequently Asked Questions
XSX6.L and EMIM.L have a correlation of 0.58, 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 0.20% for XSX6.L.
XSX6.L is categorized as Europe Equities, while EMIM.L is Emerging Markets Equities. XSX6.L tracks MSCI Europe NR EUR, while EMIM.L tracks MSCI EM NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XSX6.L and 0.18% for EMIM.L.
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