AEMD.L vs. DFEVX

Last updated Jun 5, 2026

AEMD.L (Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D)) and DFEVX (DFA Emerging Markets Value Portfolio) are both funds - AEMD.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while DFEVX is a Emerging Markets Diversified fund managed by Dimensional. Over the past 5 years, AEMD.L returned 5.91%/yr vs 12.18%/yr for DFEVX. A 0.70 correlation means they provide meaningful diversification when combined. AEMD.L charges 0.20%/yr vs 0.45%/yr for DFEVX.

Performance

AEMD.L vs. DFEVX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D) (AEMD.L) and DFA Emerging Markets Value Portfolio (DFEVX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AEMD.L is traded in GBp, while DFEVX is traded in USD. To make them comparable, the DFEVX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, AEMD.L achieves a 26.52% return, which is significantly higher than DFEVX's 24.00% return.

AEMD.L

• 1D: -1.67%
• 1M: 4.11%
• YTD: 26.52%
• 6M: 24.48%
• 1Y: 50.35%
• 3Y*: 18.11%
• 5Y*: 5.91%
• 10Y*: —

DFEVX

• 1D: -1.21%
• 1M: 4.66%
• YTD: 24.00%
• 6M: 24.23%
• 1Y: 46.59%
• 3Y*: 19.69%
• 5Y*: 12.18%
• 10Y*: 12.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AEMD.L vs. DFEVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AEMD.L Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D)	26.52%	23.45%	6.02%	0.02%	-13.08%	-4.36%	12.63%	6.68%
DFEVX DFA Emerging Markets Value Portfolio	24.00%	20.27%	8.02%	10.67%	-0.16%	13.48%	-0.28%	4.92%

Correlation

The correlation between AEMD.L and DFEVX is 0.74, 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	0.74
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 May 15, 2019	0.71

The correlation between AEMD.L and DFEVX has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.

Return for Risk

AEMD.L vs. DFEVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AEMD.L

AEMD.L Risk / Return Rank: 86
AEMD.L Sharpe Ratio Rank: 90
AEMD.L Sortino Ratio Rank: 87
AEMD.L Omega Ratio Rank: 89
AEMD.L Calmar Ratio Rank: 84
AEMD.L Martin Ratio Rank: 79

DFEVX

DFEVX Risk / Return Rank: 88
DFEVX Sharpe Ratio Rank: 94
DFEVX Sortino Ratio Rank: 88
DFEVX Omega Ratio Rank: 87
DFEVX Calmar Ratio Rank: 86
DFEVX Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AEMD.L vs. DFEVX - 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.L) and DFA Emerging Markets Value Portfolio (DFEVX). 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.L	DFEVX	Difference
Sharpe ratio: Return per unit of total volatility	3.01	3.57	-0.56
Sortino ratio: Return per unit of downside risk	3.86	4.64	-0.78
Omega ratio: Gain probability vs. loss probability	1.55	1.67	-0.12
Calmar ratio: Return relative to maximum drawdown	4.51	5.24	-0.73
Martin ratio: Return relative to average drawdown	15.32	17.82	-2.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AEMD.L vs. DFEVX - Sharpe Ratio Comparison

The current AEMD.L Sharpe Ratio is 3.01, which is comparable to the DFEVX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of AEMD.L and DFEVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AEMD.L	DFEVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.01	3.57	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.96	-0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.38	+0.03

Drawdowns

AEMD.L vs. DFEVX - Drawdown Comparison

The maximum AEMD.L drawdown since its inception was -29.09%, smaller than the maximum DFEVX drawdown of -55.26%. Use the drawdown chart below to compare losses from any high point for AEMD.L and DFEVX.

Drawdown Indicators

	AEMD.L	DFEVX	Difference
Max Drawdown Largest peak-to-trough decline	-29.09%	-55.26%	+26.17%
Max Drawdown (1Y) Largest decline over 1 year	-11.38%	-9.00%	-2.38%
Max Drawdown (3Y) Largest decline over 3 years	-17.09%	-13.91%	-3.18%
Max Drawdown (5Y) Largest decline over 5 years	-25.56%	-13.91%	-11.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.63%	—
Current Drawdown Current decline from peak	-2.46%	-1.41%	-1.05%
Average Drawdown Average peak-to-trough decline	-13.65%	-11.06%	-2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	2.64%	+0.72%

Volatility

AEMD.L vs. DFEVX - Volatility Comparison

Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D) (AEMD.L) has a higher volatility of 7.48% compared to DFA Emerging Markets Value Portfolio (DFEVX) at 5.70%. This indicates that AEMD.L's price experiences larger fluctuations and is considered to be riskier than DFEVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEMD.L	DFEVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.48%	5.70%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	14.63%	11.07%	+3.56%
Volatility (1Y) Calculated over the trailing 1-year period	17.06%	13.20%	+3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	12.76%	+3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	15.07%	+3.32%

AEMD.L vs. DFEVX - Expense Ratio Comparison

AEMD.L has a 0.20% expense ratio, which is lower than DFEVX's 0.45% expense ratio.

Dividends

AEMD.L vs. DFEVX - Dividend Comparison

AEMD.L has not paid dividends to shareholders, while DFEVX's dividend yield for the trailing twelve months is around 3.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEMD.L Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DFEVX DFA Emerging Markets Value Portfolio	3.04%	3.80%	4.68%	4.39%	4.44%	3.82%	2.47%	2.47%	2.49%	2.45%	1.99%	2.55%

Frequently Asked Questions

Can I hold both AEMD.L and DFEVX in my portfolio?

AEMD.L and DFEVX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.