84X0.DE vs. AMEM.DE
84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) and AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) are both Emerging Markets Equities funds - 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net) while AMEM.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past year, 84X0.DE returned 67.73% vs 48.69% for AMEM.DE. Their correlation of 0.89 suggests significant overlap in exposure. 84X0.DE charges 0.18%/yr vs 0.20%/yr for AMEM.DE.
Performance
84X0.DE vs. AMEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 84X0.DE achieves a 40.37% return, which is significantly higher than AMEM.DE's 27.34% return.
84X0.DE
- 1D
- -1.73%
- 1M
- 5.67%
- YTD
- 40.37%
- 6M
- 42.72%
- 1Y
- 67.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMEM.DE
- 1D
- -1.57%
- 1M
- 3.43%
- YTD
- 27.34%
- 6M
- 27.94%
- 1Y
- 48.69%
- 3Y*
- 20.85%
- 5Y*
- 8.42%
- 10Y*
- 9.86%
84X0.DE vs. AMEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 27.34% | 19.31% | 13.70% | 3.80% |
Correlation
The correlation between 84X0.DE and AMEM.DE is 0.95, 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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.89 |
The correlation between 84X0.DE and AMEM.DE has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
84X0.DE vs. AMEM.DE — Risk / Return Rank
84X0.DE
AMEM.DE
84X0.DE vs. AMEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) and Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.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.
| 84X0.DE | AMEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.51 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 4.65 | +1.22 |
| Martin ratioReturn relative to average drawdown | 21.92 | 16.89 | +5.03 |
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
| 84X0.DE | AMEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 2.80 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.34 | +1.43 |
Drawdowns
84X0.DE vs. AMEM.DE - Drawdown Comparison
The maximum 84X0.DE drawdown since its inception was -19.72%, smaller than the maximum AMEM.DE drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for 84X0.DE and AMEM.DE.
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Drawdown Indicators
| 84X0.DE | AMEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -35.87% | +16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -10.65% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.22% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.93% | — |
Current DrawdownCurrent decline from peak | -2.49% | -2.62% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -10.29% | +7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.94% | +0.19% |
Volatility
84X0.DE vs. AMEM.DE - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a higher volatility of 8.41% compared to Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) at 7.41%. This indicates that 84X0.DE's price experiences larger fluctuations and is considered to be riskier than AMEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 84X0.DE | AMEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 7.41% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 15.02% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 17.74% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 16.70% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 18.28% | -1.17% |
84X0.DE vs. AMEM.DE - Expense Ratio Comparison
84X0.DE has a 0.18% expense ratio, which is lower than AMEM.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
84X0.DE vs. AMEM.DE - Dividend Comparison
Neither 84X0.DE nor AMEM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, 84X0.DE and AMEM.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, 84X0.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
84X0.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for AMEM.DE.
84X0.DE tracks MSCI Emerging Markets ex China Index (Net), while AMEM.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for 84X0.DE and 0.20% for AMEM.DE.
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