36B5.DE vs. AYEM.DE
36B5.DE (iShares MSCI EM SRI UCITS ETF USD Dist) and AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) are both Emerging Markets Equities funds from iShares - 36B5.DE tracks the MSCI Emerging Markets SRI Select Reduced Fossil Fuels while AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened. Both are passively managed. Over the past 5 years, 36B5.DE returned 5.01%/yr vs 8.30%/yr for AYEM.DE. Their correlation of 0.93 suggests significant overlap in exposure. 36B5.DE charges 0.25%/yr vs 0.18%/yr for AYEM.DE.
Performance
36B5.DE vs. AYEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B5.DE achieves a 17.40% return, which is significantly lower than AYEM.DE's 26.90% return.
36B5.DE
- 1D
- -1.48%
- 1M
- 0.60%
- YTD
- 17.40%
- 6M
- 18.30%
- 1Y
- 35.45%
- 3Y*
- 14.26%
- 5Y*
- 5.01%
- 10Y*
- —
AYEM.DE
- 1D
- -1.29%
- 1M
- 4.35%
- YTD
- 26.90%
- 6M
- 27.17%
- 1Y
- 46.15%
- 3Y*
- 20.23%
- 5Y*
- 8.30%
- 10Y*
- —
36B5.DE vs. AYEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B5.DE iShares MSCI EM SRI UCITS ETF USD Dist | 17.40% | 16.82% | 11.30% | -2.19% | -12.46% | 7.05% | 6.70% | 11.16% |
AYEM.DE iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) | 26.90% | 17.51% | 14.02% | 6.81% | -14.64% | 6.10% | 7.92% | 9.77% |
Correlation
The correlation between 36B5.DE and AYEM.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.93 |
The correlation between 36B5.DE and AYEM.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
36B5.DE vs. AYEM.DE — Risk / Return Rank
36B5.DE
AYEM.DE
36B5.DE vs. AYEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM SRI UCITS ETF USD Dist (36B5.DE) and iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE). 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.
| 36B5.DE | AYEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.48 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 4.30 | -0.73 |
| Martin ratioReturn relative to average drawdown | 12.71 | 15.83 | -3.12 |
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
| 36B5.DE | AYEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.68 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.50 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.58 | -0.22 |
Drawdowns
36B5.DE vs. AYEM.DE - Drawdown Comparison
The maximum 36B5.DE drawdown since its inception was -36.40%, which is greater than AYEM.DE's maximum drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for 36B5.DE and AYEM.DE.
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Drawdown Indicators
| 36B5.DE | AYEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.40% | -31.19% | -5.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -11.01% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -20.62% | -19.14% | -1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -25.22% | -23.38% | -1.84% |
Current DrawdownCurrent decline from peak | -2.94% | -2.20% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -10.18% | -8.38% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 3.00% | -0.18% |
Volatility
36B5.DE vs. AYEM.DE - Volatility Comparison
The current volatility for iShares MSCI EM SRI UCITS ETF USD Dist (36B5.DE) is 5.97%, while iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) has a volatility of 7.02%. This indicates that 36B5.DE experiences smaller price fluctuations and is considered to be less risky than AYEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B5.DE | AYEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 7.02% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 14.89% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 17.68% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 16.40% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 18.62% | +1.03% |
36B5.DE vs. AYEM.DE - Expense Ratio Comparison
36B5.DE has a 0.25% expense ratio, which is higher than AYEM.DE'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
36B5.DE vs. AYEM.DE - Dividend Comparison
36B5.DE's dividend yield for the trailing twelve months is around 1.78%, while AYEM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B5.DE iShares MSCI EM SRI UCITS ETF USD Dist | 1.78% | 2.09% | 2.34% | 2.32% | 2.31% | 1.84% | 1.57% | 2.31% |
AYEM.DE iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, 36B5.DE and AYEM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, AYEM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEM.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for 36B5.DE.
36B5.DE tracks MSCI Emerging Markets SRI Select Reduced Fossil Fuels, while AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened. Their fees differ too: 0.25% for 36B5.DE and 0.18% for AYEM.DE.
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