AE5A.DE vs. AW12.DE
AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) and AW12.DE (UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - AE5A.DE tracks the MSCI Emerging Markets Index while AW12.DE tracks the MSCI Emerging Markets Climate Paris Aligned. Both are passively managed. Over the past 3 years, AE5A.DE returned 20.90%/yr vs 18.73%/yr for AW12.DE. Their correlation of 0.91 suggests significant overlap in exposure. AE5A.DE charges 0.14%/yr vs 0.16%/yr for AW12.DE.
Performance
AE5A.DE vs. AW12.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 AW12.DE's 24.98% return.
AE5A.DE
- 1D
- -1.54%
- 1M
- 6.05%
- YTD
- 27.41%
- 6M
- 29.44%
- 1Y
- 49.88%
- 3Y*
- 20.90%
- 5Y*
- 8.49%
- 10Y*
- 9.98%
AW12.DE
- 1D
- -1.17%
- 1M
- 4.69%
- YTD
- 24.98%
- 6M
- 27.25%
- 1Y
- 46.00%
- 3Y*
- 18.73%
- 5Y*
- —
- 10Y*
- —
AE5A.DE vs. AW12.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% | -1.83% |
AW12.DE UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc | 24.98% | 18.87% | 12.31% | 3.30% | -15.75% | -1.31% |
Correlation
The correlation between AE5A.DE and AW12.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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021 | 0.91 |
The correlation between AE5A.DE and AW12.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
AE5A.DE vs. AW12.DE — Risk / Return Rank
AE5A.DE
AW12.DE
AE5A.DE vs. AW12.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 UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc (AW12.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 | AW12.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.46 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 4.61 | +0.19 |
| Martin ratioReturn relative to average drawdown | 17.35 | 16.28 | +1.08 |
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 | AW12.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 2.52 | +0.26 |
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 | 0.43 | -0.01 |
Drawdowns
AE5A.DE vs. AW12.DE - Drawdown Comparison
The maximum AE5A.DE drawdown since its inception was -36.16%, which is greater than AW12.DE's maximum drawdown of -24.09%. Use the drawdown chart below to compare losses from any high point for AE5A.DE and AW12.DE.
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Drawdown Indicators
| AE5A.DE | AW12.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.16% | -24.09% | -12.07% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -9.94% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -18.93% | -0.29% |
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% | -2.26% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -9.89% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.82% | +0.05% |
Volatility
AE5A.DE vs. AW12.DE - Volatility Comparison
Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) and UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc (AW12.DE) have volatilities of 7.32% and 7.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AE5A.DE | AW12.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 7.44% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.97% | 14.88% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.82% | 18.18% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 17.92% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 17.92% | +1.13% |
AE5A.DE vs. AW12.DE - Expense Ratio Comparison
AE5A.DE has a 0.14% expense ratio, which is lower than AW12.DE's 0.16% 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. AW12.DE - Dividend Comparison
AE5A.DE's dividend yield for the trailing twelve months is around 1.69%, while AW12.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
AW12.DE UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc | 0.00% | 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, AE5A.DE and AW12.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 0.16% for AW12.DE.
AE5A.DE tracks MSCI Emerging Markets Index, while AW12.DE tracks MSCI Emerging Markets Climate Paris Aligned. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.14% for AE5A.DE and 0.16% for AW12.DE.
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