84X0.DE vs. EDM2.DE
84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) and EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) are both Emerging Markets Equities funds from iShares - 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net) while EDM2.DE tracks the MSCI Emerging Markets ESG Enhanced Focus. Both are passively managed. Over the past year, 84X0.DE returned 67.73% vs 46.28% for EDM2.DE. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
84X0.DE vs. EDM2.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 EDM2.DE's 26.35% return.
84X0.DE
- 1D
- -1.73%
- 1M
- 5.67%
- YTD
- 40.37%
- 6M
- 42.72%
- 1Y
- 67.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EDM2.DE
- 1D
- -1.45%
- 1M
- 3.82%
- YTD
- 26.35%
- 6M
- 26.81%
- 1Y
- 46.28%
- 3Y*
- 20.29%
- 5Y*
- 7.59%
- 10Y*
- —
84X0.DE vs. EDM2.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% |
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 26.35% | 19.81% | 13.36% | 3.20% |
Correlation
The correlation between 84X0.DE and EDM2.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 (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.88 |
The correlation between 84X0.DE and EDM2.DE has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
84X0.DE vs. EDM2.DE — Risk / Return Rank
84X0.DE
EDM2.DE
84X0.DE vs. EDM2.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 iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.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 | EDM2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.48 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 4.32 | +1.56 |
| Martin ratioReturn relative to average drawdown | 21.92 | 15.65 | +6.27 |
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 | EDM2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 2.63 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.49 | +1.28 |
Drawdowns
84X0.DE vs. EDM2.DE - Drawdown Comparison
The maximum 84X0.DE drawdown since its inception was -19.72%, smaller than the maximum EDM2.DE drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for 84X0.DE and EDM2.DE.
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Drawdown Indicators
| 84X0.DE | EDM2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -32.32% | +12.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -10.88% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Current DrawdownCurrent decline from peak | -2.49% | -2.66% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -11.10% | +8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.01% | +0.12% |
Volatility
84X0.DE vs. EDM2.DE - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a higher volatility of 8.41% compared to iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) at 7.43%. This indicates that 84X0.DE's price experiences larger fluctuations and is considered to be riskier than EDM2.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 | EDM2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 7.43% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 15.11% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 17.92% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 16.83% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 19.13% | -2.02% |
84X0.DE vs. EDM2.DE - Expense Ratio Comparison
Both 84X0.DE and EDM2.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
84X0.DE vs. EDM2.DE - Dividend Comparison
Neither 84X0.DE nor EDM2.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, 84X0.DE and EDM2.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.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
84X0.DE and EDM2.DE have the same expense ratio: 0.18% per year.
84X0.DE tracks MSCI Emerging Markets ex China Index (Net), while EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus.
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