AE5A.DE vs. ACUG.DE
AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) and ACUG.DE (Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D)) are both Emerging Markets Equities funds from Amundi - AE5A.DE tracks the MSCI Emerging Markets Index while ACUG.DE tracks the MSCI Emerging Markets SRI Filtered PAB. Both are passively managed. Over the past 3 years, AE5A.DE returned 20.90%/yr vs 12.58%/yr for ACUG.DE. Their correlation of 0.91 suggests significant overlap in exposure. AE5A.DE charges 0.14%/yr vs 0.25%/yr for ACUG.DE.
Performance
AE5A.DE vs. ACUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AE5A.DE achieves a 27.41% return, which is significantly higher than ACUG.DE's 16.73% return.
AE5A.DE
- 1D
- -1.54%
- 1M
- 3.57%
- YTD
- 27.41%
- 6M
- 28.14%
- 1Y
- 48.94%
- 3Y*
- 20.90%
- 5Y*
- 8.49%
- 10Y*
- 9.98%
ACUG.DE
- 1D
- -1.21%
- 1M
- 0.71%
- YTD
- 16.73%
- 6M
- 16.20%
- 1Y
- 30.34%
- 3Y*
- 12.58%
- 5Y*
- —
- 10Y*
- —
AE5A.DE vs. ACUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 27.41% | 19.26% | 14.36% | 5.58% | -14.19% | -1.86% |
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% |
Correlation
The correlation between AE5A.DE and ACUG.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 | 0.91 |
The correlation between AE5A.DE and ACUG.DE has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
AE5A.DE vs. ACUG.DE — Risk / Return Rank
AE5A.DE
ACUG.DE
AE5A.DE vs. ACUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) and Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.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.
| AE5A.DE | ACUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.33 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 3.21 | +1.59 |
| Martin ratioReturn relative to average drawdown | 17.35 | 10.41 | +6.95 |
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
| AE5A.DE | ACUG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 1.85 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.25 | +0.17 |
Drawdowns
AE5A.DE vs. ACUG.DE - Drawdown Comparison
The maximum AE5A.DE drawdown since its inception was -36.16%, which is greater than ACUG.DE's maximum drawdown of -26.17%. Use the drawdown chart below to compare losses from any high point for AE5A.DE and ACUG.DE.
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Drawdown Indicators
| AE5A.DE | ACUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.16% | -26.17% | -9.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -9.53% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -21.01% | +1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.24% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -2.61% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -12.57% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.95% | -0.08% |
Volatility
AE5A.DE vs. ACUG.DE - Volatility Comparison
Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) has a higher volatility of 7.32% compared to Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.DE) at 6.12%. This indicates that AE5A.DE's price experiences larger fluctuations and is considered to be riskier than ACUG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AE5A.DE | ACUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 6.12% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 14.97% | 13.44% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.82% | 16.63% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 16.86% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 16.86% | +2.19% |
AE5A.DE vs. ACUG.DE - Expense Ratio Comparison
AE5A.DE has a 0.14% expense ratio, which is lower than ACUG.DE's 0.25% 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
AE5A.DE vs. ACUG.DE - Dividend Comparison
AE5A.DE's dividend yield for the trailing twelve months is around 1.69%, more than ACUG.DE's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 1.69% | 2.15% | 3.38% | 3.80% | 2.44% | 1.62% | 1.71% | 2.01% | 2.17% |
Frequently Asked Questions
With a correlation of 0.92, AE5A.DE and ACUG.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, AE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.25% for ACUG.DE.
AE5A.DE tracks MSCI Emerging Markets Index, while ACUG.DE tracks MSCI Emerging Markets SRI Filtered PAB. Their fees differ too: 0.14% for AE5A.DE and 0.25% for ACUG.DE.
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