AEMD.DE vs. EUNY.DE
AEMD.DE (Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D)) and EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) are both Emerging Markets Equities funds - AEMD.DE tracks the MSCI EM NR USD while EUNY.DE tracks the Dow Jones Emerging Markets Select Dividend. Both are passively managed. Over the past 5 years, AEMD.DE returned 8.34%/yr vs 5.28%/yr for EUNY.DE. A 0.78 correlation means they provide meaningful diversification when combined. AEMD.DE charges 0.20%/yr vs 0.65%/yr for EUNY.DE.
Performance
AEMD.DE vs. EUNY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AEMD.DE achieves a 27.93% return, which is significantly higher than EUNY.DE's 11.46% return.
AEMD.DE
- 1D
- -1.54%
- 1M
- 6.52%
- YTD
- 27.93%
- 6M
- 29.55%
- 1Y
- 50.42%
- 3Y*
- 20.72%
- 5Y*
- 8.34%
- 10Y*
- —
EUNY.DE
- 1D
- -0.55%
- 1M
- -1.57%
- YTD
- 11.46%
- 6M
- 10.81%
- 1Y
- 25.49%
- 3Y*
- 17.26%
- 5Y*
- 5.28%
- 10Y*
- 7.14%
AEMD.DE vs. EUNY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AEMD.DE Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D) | 27.93% | 19.91% | 13.00% | 4.88% | -14.15% | 4.10% | 6.56% | 21.56% | -13.37% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 11.46% | 13.97% | 12.39% | 15.37% | -26.13% | 19.99% | -11.70% | 18.31% | -5.91% |
Correlation
The correlation between AEMD.DE and EUNY.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018 | 0.78 |
The correlation between AEMD.DE and EUNY.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
AEMD.DE vs. EUNY.DE — Risk / Return Rank
AEMD.DE
EUNY.DE
AEMD.DE vs. EUNY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D) (AEMD.DE) and iShares Emerging Markets Dividend UCITS ETF (EUNY.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.
| AEMD.DE | EUNY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.38 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.56 | 6.17 | -1.62 |
| Martin ratioReturn relative to average drawdown | 16.70 | 16.86 | -0.16 |
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
| AEMD.DE | EUNY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 2.13 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.34 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.22 | +0.17 |
Drawdowns
AEMD.DE vs. EUNY.DE - Drawdown Comparison
The maximum AEMD.DE drawdown since its inception was -31.80%, smaller than the maximum EUNY.DE drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for AEMD.DE and EUNY.DE.
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Drawdown Indicators
| AEMD.DE | EUNY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.80% | -40.65% | +8.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -4.11% | -6.90% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -15.70% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.88% | -31.43% | +7.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.29% | — |
Current DrawdownCurrent decline from peak | -2.57% | -2.82% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -12.34% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 1.51% | +1.50% |
Volatility
AEMD.DE vs. EUNY.DE - Volatility Comparison
Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D) (AEMD.DE) has a higher volatility of 7.37% compared to iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) at 4.52%. This indicates that AEMD.DE's price experiences larger fluctuations and is considered to be riskier than EUNY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEMD.DE | EUNY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 4.52% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 15.13% | 9.70% | +5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 11.90% | +5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 15.58% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 16.73% | +2.19% |
AEMD.DE vs. EUNY.DE - Expense Ratio Comparison
AEMD.DE has a 0.20% expense ratio, which is lower than EUNY.DE's 0.65% expense ratio.
Dividends
AEMD.DE vs. EUNY.DE - Dividend Comparison
AEMD.DE's dividend yield for the trailing twelve months is around 1.51%, less than EUNY.DE's 5.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEMD.DE Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D) | 1.51% | 1.93% | 2.33% | 2.51% | 3.20% | 2.23% | 1.69% | 2.32% | 2.14% | 0.00% | 0.00% | 0.00% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 5.32% | 5.82% | 7.72% | 8.04% | 9.56% | 6.35% | 5.09% | 5.57% | 5.65% | 4.09% | 4.35% | 6.37% |
Frequently Asked Questions
AEMD.DE and EUNY.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AEMD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AEMD.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for EUNY.DE.
AEMD.DE tracks MSCI EM NR USD, while EUNY.DE tracks Dow Jones Emerging Markets Select Dividend. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for AEMD.DE and 0.65% for EUNY.DE.
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