SWDA vs EIMI: returns, risk and drawdowns compared
iShares Core MSCI World UCITS ETF (Acc) against iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc), over the same 12 years (August 2014 to October 2026) with dividends reinvested.
Data updated October 2026
From August 2014 to October 2026, SWDA returned 12.5% a year and EIMI 7.4% a year on average, so SWDA came out ahead by 5.1% a year. EIMI was the more volatile of the two (14.6% against 13.4% a year), and the deepest falls from a month-end high were 18.6% for SWDA and 25.0% for EIMI.
The correlation of monthly returns was 0.67: they moved together only in part. Over 112 rolling 3-year periods, SWDA did better in 89% and EIMI in 11%.
Side by side
| SWDA | EIMI | |
|---|---|---|
| Annual return (CAGR) | +12.5% | +7.4% |
| Total return | +323% | +141% |
| Annual volatility | 13.4% | 14.6% |
| Maximum drawdown (month-end) | −18.6% | −25.0% |
| Worst month | −10.6% | −14.4% |
| Best month | +10.2% | +11.5% |
| Positive months | 64% | 56% |
| Best year | 2021: +32.9% | 2017: +20.9% |
| Worst year | 2022: −13.9% | 2022: −15.2% |
| 1-year return | +21.4% | +21.2% |
| 5 years, a year | +11.9% | +7.7% |
| 10 years, a year | +12.8% | +8.1% |
| Trading currency | EUR | EUR |
First nine rows: the same 147 months for both funds. Trailing returns: to each fund’s last close.
Growth of 10,000: SWDA vs EIMI
Returns by calendar year
| Year | SWDA | EIMI |
|---|---|---|
| 2025 | +7.6% | +17.2% |
| 2024 | +27.0% | +14.1% |
| 2023 | +19.8% | +7.8% |
| 2022 | −13.9% | −15.2% |
| 2021 | +32.9% | +7.8% |
| 2020 | +6.2% | +7.8% |
| 2019 | +30.8% | +20.2% |
| 2018 | −5.0% | −10.6% |
| 2017 | +7.8% | +20.9% |
| 2016 | +10.2% | +13.3% |
| 2015 | +11.3% | −4.7% |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
The comparison uses only the months in which both funds have prices, so the figures cover the same period even when one fund is older.
Questions
Which has returned more, SWDA or EIMI?
From August 2014 to October 2026, SWDA returned +12.5% a year and EIMI +7.4% a year, with dividends reinvested. Over rolling 3-year periods SWDA did better in 89% of cases. Past returns do not predict future returns.
Which is riskier, SWDA or EIMI?
Over the same months annual volatility was 13.4% for SWDA and 14.6% for EIMI; the deepest fall from a month-end high was 18.6% and 25.0%, and the worst single month −10.6% and −14.4%.
How correlated are SWDA and EIMI?
The correlation of their monthly returns was 0.67: they moved together only in part. Combining them has historically given some diversification.
More comparisons
- SWDA — iShares Core MSCI World UCITS ETF (Acc)Returns, drawdowns and risk
- EIMI — iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)Returns, drawdowns and risk
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Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.