ACUG.DE vs. EDM2.DE
ACUG.DE (Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D)) and EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - ACUG.DE tracks the MSCI Emerging Markets SRI Filtered PAB while EDM2.DE tracks the MSCI Emerging Markets ESG Enhanced Focus. Both are passively managed. Over the past 3 years, ACUG.DE returned 12.58%/yr vs 20.29%/yr for EDM2.DE. Their correlation of 0.92 suggests significant overlap in exposure. ACUG.DE charges 0.25%/yr vs 0.18%/yr for EDM2.DE.
Performance
ACUG.DE vs. EDM2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ACUG.DE achieves a 16.73% return, which is significantly lower than EDM2.DE's 26.35% return.
ACUG.DE
- 1D
- -1.21%
- 1M
- 2.49%
- YTD
- 16.73%
- 6M
- 17.14%
- 1Y
- 30.76%
- 3Y*
- 12.58%
- 5Y*
- —
- 10Y*
- —
EDM2.DE
- 1D
- -1.45%
- 1M
- 6.14%
- YTD
- 26.35%
- 6M
- 28.13%
- 1Y
- 47.21%
- 3Y*
- 20.29%
- 5Y*
- 7.59%
- 10Y*
- —
ACUG.DE vs. EDM2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ACUG.DE Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) | 16.73% | 13.06% | 11.24% | -2.80% | -11.79% | -4.08% |
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 26.35% | 19.81% | 13.36% | 4.56% | -16.00% | -2.47% |
Correlation
The correlation between ACUG.DE and EDM2.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.92 |
The correlation between ACUG.DE and EDM2.DE has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
ACUG.DE vs. EDM2.DE — Risk / Return Rank
ACUG.DE
EDM2.DE
ACUG.DE vs. EDM2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.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.
| ACUG.DE | EDM2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.48 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 4.32 | -1.10 |
| Martin ratioReturn relative to average drawdown | 10.41 | 15.65 | -5.24 |
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
| ACUG.DE | EDM2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.63 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.49 | -0.24 |
Drawdowns
ACUG.DE vs. EDM2.DE - Drawdown Comparison
The maximum ACUG.DE drawdown since its inception was -26.17%, smaller than the maximum EDM2.DE drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for ACUG.DE and EDM2.DE.
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Drawdown Indicators
| ACUG.DE | EDM2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.17% | -32.32% | +6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -10.88% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -21.01% | -19.52% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Current DrawdownCurrent decline from peak | -2.61% | -2.66% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -12.57% | -11.10% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.01% | -0.06% |
Volatility
ACUG.DE vs. EDM2.DE - Volatility Comparison
The current volatility for Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.DE) is 6.12%, while iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) has a volatility of 7.43%. This indicates that ACUG.DE experiences smaller price fluctuations and is considered to be less risky 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
| ACUG.DE | EDM2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 7.43% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.44% | 15.11% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.63% | 17.92% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 16.83% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 19.13% | -2.27% |
ACUG.DE vs. EDM2.DE - Expense Ratio Comparison
ACUG.DE has a 0.25% expense ratio, which is higher than EDM2.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
ACUG.DE vs. EDM2.DE - Dividend Comparison
ACUG.DE's dividend yield for the trailing twelve months is around 1.66%, while EDM2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ACUG.DE Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) | 1.66% | 1.93% | 2.11% | 2.26% | 2.28% | 1.69% |
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, ACUG.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.
On fees, EDM2.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDM2.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for ACUG.DE.
ACUG.DE tracks MSCI Emerging Markets SRI Filtered PAB, while EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for ACUG.DE and 0.18% for EDM2.DE.
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