AE5A.DE vs. EDM2.DE
AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) and EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - AE5A.DE tracks the MSCI Emerging Markets Index while EDM2.DE tracks the MSCI Emerging Markets ESG Enhanced Focus. Both are passively managed. Over the past 5 years, AE5A.DE returned 8.49%/yr vs 7.59%/yr for EDM2.DE. With a 0.96 correlation, they move nearly in lockstep. AE5A.DE charges 0.14%/yr vs 0.18%/yr for EDM2.DE.
Performance
AE5A.DE vs. EDM2.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with AE5A.DE having a 27.41% return and EDM2.DE slightly lower at 26.35%.
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%
EDM2.DE
- 1D
- -1.45%
- 1M
- 3.82%
- YTD
- 26.35%
- 6M
- 26.81%
- 1Y
- 46.28%
- 3Y*
- 20.29%
- 5Y*
- 7.59%
- 10Y*
- —
AE5A.DE vs. EDM2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 27.41% | 19.26% | 14.36% | 5.58% | -14.19% | 4.19% | 7.49% | 7.42% |
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 26.35% | 19.81% | 13.36% | 4.56% | -16.00% | 4.73% | 7.76% | 7.05% |
Correlation
The correlation between AE5A.DE and EDM2.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.96 |
The correlation between AE5A.DE and EDM2.DE has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AE5A.DE vs. EDM2.DE — Risk / Return Rank
AE5A.DE
EDM2.DE
AE5A.DE vs. EDM2.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 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.
| AE5A.DE | EDM2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.48 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 4.32 | +0.48 |
| Martin ratioReturn relative to average drawdown | 17.35 | 15.65 | +1.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AE5A.DE | EDM2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 2.63 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.45 | +0.06 |
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 | 0.49 | -0.07 |
Drawdowns
AE5A.DE vs. EDM2.DE - Drawdown Comparison
The maximum AE5A.DE drawdown since its inception was -36.16%, which is greater than EDM2.DE's maximum drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for AE5A.DE and EDM2.DE.
Loading charts...
Drawdown Indicators
| AE5A.DE | EDM2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.16% | -32.32% | -3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -10.88% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -19.52% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -23.47% | -25.43% | +1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -32.24% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -2.66% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -11.10% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.01% | -0.14% |
Volatility
AE5A.DE vs. EDM2.DE - Volatility Comparison
Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) and iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) have volatilities of 7.32% and 7.43%, 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.
Loading charts...
Volatility by Period
| AE5A.DE | EDM2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 7.43% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.97% | 15.11% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.82% | 17.92% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 16.83% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 19.13% | -0.08% |
AE5A.DE vs. EDM2.DE - Expense Ratio Comparison
AE5A.DE has a 0.14% expense ratio, which is lower than EDM2.DE's 0.18% 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. EDM2.DE - Dividend Comparison
AE5A.DE's dividend yield for the trailing twelve months is around 1.69%, while EDM2.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% |
EDM2.DE iShares MSCI EM ESG Enhanced 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 0.99, AE5A.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, 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 0.18% for EDM2.DE.
AE5A.DE tracks MSCI Emerging Markets Index, while EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for AE5A.DE and 0.18% for EDM2.DE.
Find the right allocation for AE5A.DE and EDM2.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer