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AEMD.L vs. E127.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AEMD.L vs. E127.L

Last updated Jun 6, 2026

AEMD.L (Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D)) and E127.L (Amundi MSCI Emerging Markets II UCITS ETF Dist) are both Emerging Markets Equities funds from Amundi tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, AEMD.L returned 7.64%/yr vs 7.81%/yr for E127.L. With a 0.99 correlation, they move nearly in lockstep. AEMD.L charges 0.20%/yr vs 0.14%/yr for E127.L.

Performance

AEMD.L vs. E127.L - 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 Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

AEMD.L is traded in GBp, while E127.L is traded in GBP. To make them comparable, the E127.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with AEMD.L having a 21.83% return and E127.L slightly lower at 21.43%.

AEMD.L

1D
-3.71%
1M
0.25%
YTD
21.83%
6M
22.20%
1Y
47.59%
3Y*
18.97%
5Y*
7.64%
10Y*
—

E127.L

1D
-3.76%
1M
-0.23%
YTD
21.43%
6M
22.17%
1Y
47.32%
3Y*
19.20%
5Y*
7.81%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

AEMD.L vs. E127.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
AEMD.L
Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D)		21.83%25.85%8.39%2.59%-10.30%-2.34%26.49%
E127.L
Amundi MSCI Emerging Markets II UCITS ETF Dist		21.43%25.43%9.39%2.77%-10.03%-1.88%25.95%

Correlation

The correlation between AEMD.L and E127.L 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

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

0.99

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.99

The correlation between AEMD.L and E127.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

AEMD.L vs. E127.L - Sectors Allocation Comparison

Sectors
AEMD.L
E127.L

Technology

41.4%
36.9%

Financial Services

18.2%
19.5%

Consumer Cyclical

9.0%
9.6%

Industrials

7.0%
7.5%

Communication Services

6.4%
6.9%

Basic Materials

6.0%
6.6%

Energy

3.7%
4.1%

Consumer Defensive

2.8%
3.0%

Healthcare

2.7%
2.9%

Utilities

2.0%
2.1%

Real Estate

1.0%
1.0%

Technology

AEMD.L
41.4%
E127.L
36.9%

Financial Services

AEMD.L
18.2%
E127.L
19.5%

Consumer Cyclical

AEMD.L
9.0%
E127.L
9.6%

Industrials

AEMD.L
7.0%
E127.L
7.5%

Communication Services

AEMD.L
6.4%
E127.L
6.9%

Basic Materials

AEMD.L
6.0%
E127.L
6.6%

Energy

AEMD.L
3.7%
E127.L
4.1%

Consumer Defensive

AEMD.L
2.8%
E127.L
3.0%

Healthcare

AEMD.L
2.7%
E127.L
2.9%

Utilities

AEMD.L
2.0%
E127.L
2.1%

Real Estate

AEMD.L
1.0%
E127.L
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D)

Amundi MSCI Emerging Markets II UCITS ETF Dist

Often compared with AEMD.L:
AEMD.L vs. DFEVXAEMD.L vs. BNKE.LAEMD.L vs. ACWL.LAEMD.L vs. ANXU.LAEMD.L vs. 500G.LAEMD.L vs. 500U.LAEMD.L vs. CSH2.L
Often compared with E127.L:
E127.L vs. SPXP.LE127.L vs. AEMU.LE127.L vs. FEMD.LE127.L vs. SEGM.LE127.L vs. AEME.LE127.L vs. MXFP.LE127.L vs. HEMC.L

Return for Risk

AEMD.L vs. E127.L — 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: 8585
Overall Rank
AEMD.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
AEMD.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
AEMD.L Omega Ratio Rank: 8888
Omega Ratio Rank
AEMD.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
AEMD.L Martin Ratio Rank: 8181
Martin Ratio Rank
E127.L
E127.L Risk / Return Rank: 8686
Overall Rank
E127.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
E127.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
E127.L Omega Ratio Rank: 8989
Omega Ratio Rank
E127.L Calmar Ratio Rank: 8585
Calmar Ratio Rank
E127.L Martin Ratio Rank: 8383
Martin Ratio Rank
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. E127.L - 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 Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L). 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.LE127.LDifference
Sharpe ratioReturn per unit of total volatility
2.73
2.73

0.00

Sortino ratioReturn per unit of downside risk
3.49
3.49

0.00

Omega ratioGain probability vs. loss probability

1.51

1.51

0.00

Calmar ratioReturn relative to maximum drawdown

4.16

4.35

-0.19

Martin ratioReturn relative to average drawdown

14.81

15.39

-0.58

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. E127.L - Sharpe Ratio Comparison

The current AEMD.L Sharpe Ratio is 2.73, which is comparable to the E127.L Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of AEMD.L and E127.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AEMD.LE127.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.73

2.73

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.48

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.68

-0.41

Drawdowns

AEMD.L vs. E127.L - Drawdown Comparison

The maximum AEMD.L drawdown since its inception was -33.02%, which is greater than E127.L's maximum drawdown of -27.45%. Use the drawdown chart below to compare losses from any high point for AEMD.L and E127.L.

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Drawdown Indicators

AEMD.LE127.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.02%

-27.45%

-5.57%

Max Drawdown (1Y)

Largest decline over 1 year

-11.38%

-10.83%

-0.55%

Max Drawdown (3Y)

Largest decline over 3 years

-15.24%

-15.31%

+0.07%

Max Drawdown (5Y)

Largest decline over 5 years

-23.98%

-23.70%

-0.28%

Current Drawdown

Current decline from peak

-6.08%

-6.01%

-0.07%

Average Drawdown

Average peak-to-trough decline

-12.68%

-11.01%

-1.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.21%

3.07%

+0.14%

Volatility

AEMD.L vs. E127.L - Volatility Comparison

Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D) (AEMD.L) and Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) have volatilities of 8.14% and 8.02%, 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

AEMD.LE127.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.14%

8.02%

+0.12%

Volatility (6M)

Calculated over the trailing 6-month period

14.99%

14.86%

+0.13%

Volatility (1Y)

Calculated over the trailing 1-year period

17.33%

17.24%

+0.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.24%

16.26%

-0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.53%

16.47%

+2.06%

AEMD.L vs. E127.L - Expense Ratio Comparison

AEMD.L has a 0.20% expense ratio, which is higher than E127.L's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AEMD.L vs. E127.L - Dividend Comparison

AEMD.L's dividend yield for the trailing twelve months is around 1.59%, less than E127.L's 1.78% yield.

PositionTTM20252024202320222021202020192018
AEMD.L
Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D)		1.59%1.93%2.31%2.49%3.14%2.21%1.66%2.35%1.90%
E127.L
Amundi MSCI Emerging Markets II UCITS ETF Dist		1.78%2.16%3.35%3.76%2.34%1.64%1.70%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.99, AEMD.L and E127.L 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, E127.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

E127.L is cheaper with a 0.14% expense ratio, compared with 0.20% for AEMD.L.

Both ETFs track MSCI EM NR USD. Their fees differ too: 0.20% for AEMD.L and 0.14% for E127.L.

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