AEMD.L vs. XMWX.L
AEMD.L (Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D)) and XMWX.L (Xtrackers MSCI World ex USA UCITS ETF 1C) are both exchange-traded funds - AEMD.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while XMWX.L is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Index. Both are passively managed. Over the past year, AEMD.L returned 50.35% vs 25.16% for XMWX.L. A 0.51 correlation means they provide meaningful diversification when combined. AEMD.L charges 0.20%/yr vs 0.15%/yr for XMWX.L.
Performance
AEMD.L vs. XMWX.L - Performance Comparison
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Different Trading Currencies
AEMD.L is traded in GBp, while XMWX.L is traded in USD. To make them comparable, the XMWX.L 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 XMWX.L's 9.45% 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*
- —
XMWX.L
- 1D
- 0.44%
- 1M
- 2.85%
- YTD
- 9.45%
- 6M
- 10.01%
- 1Y
- 25.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AEMD.L vs. XMWX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AEMD.L Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D) | 26.52% | 23.45% | -0.12% |
XMWX.L Xtrackers MSCI World ex USA UCITS ETF 1C | 9.45% | 14.39% | 3.50% |
Correlation
The correlation between AEMD.L and XMWX.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2024 | 0.51 |
The correlation between AEMD.L and XMWX.L has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
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Return for Risk
AEMD.L vs. XMWX.L — Risk / Return Rank
AEMD.L
XMWX.L
AEMD.L vs. XMWX.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 Xtrackers MSCI World ex USA UCITS ETF 1C (XMWX.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.L | XMWX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.37 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 2.76 | +1.75 |
| Martin ratioReturn relative to average drawdown | 15.32 | 9.09 | +6.23 |
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.L | XMWX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 1.95 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.17 | -0.76 |
Drawdowns
AEMD.L vs. XMWX.L - Drawdown Comparison
The maximum AEMD.L drawdown since its inception was -29.09%, which is greater than XMWX.L's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for AEMD.L and XMWX.L.
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Drawdown Indicators
| AEMD.L | XMWX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.09% | -14.94% | -14.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -8.96% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -17.09% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | — | — |
Current DrawdownCurrent decline from peak | -2.46% | 0.00% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -13.65% | -3.18% | -10.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 2.73% | +0.63% |
Volatility
AEMD.L vs. XMWX.L - Volatility Comparison
Amundi Index MSCI Emerging Markets UCITS ETF DR EUR (D) (AEMD.L) has a higher volatility of 7.48% compared to Xtrackers MSCI World ex USA UCITS ETF 1C (XMWX.L) at 3.24%. This indicates that AEMD.L's price experiences larger fluctuations and is considered to be riskier than XMWX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEMD.L | XMWX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 3.24% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 10.26% | +4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.06% | 12.68% | +4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 13.53% | +2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 13.53% | +4.86% |
AEMD.L vs. XMWX.L - Expense Ratio Comparison
AEMD.L has a 0.20% expense ratio, which is higher than XMWX.L's 0.15% 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. XMWX.L - Dividend Comparison
Neither AEMD.L nor XMWX.L has paid dividends to shareholders.
Frequently Asked Questions
AEMD.L and XMWX.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMWX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMWX.L is cheaper with a 0.15% expense ratio, compared with 0.20% for AEMD.L.
AEMD.L is categorized as Emerging Markets Equities, while XMWX.L is Foreign Large Cap Equities. AEMD.L tracks MSCI EM NR USD, while XMWX.L tracks MSCI World ex USA Index. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.20% for AEMD.L and 0.15% for XMWX.L.
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