AEME.L vs. EEMO

Last updated Jun 5, 2026

AEME.L (Amundi Index MSCI Emerging Markets UCITS ETF DR (C)) and EEMO (Invesco S&P Emerging Markets Momentum ETF) are both exchange-traded funds - AEME.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while EEMO is a Momentum fund tracking the S&P Momentum Emerging Plus LargeMidCap Index. Both are passively managed. Over the past 5 years, AEME.L returned 7.32%/yr vs 6.67%/yr for EEMO. A 0.66 correlation means they provide meaningful diversification when combined. AEME.L charges 0.20%/yr vs 0.31%/yr for EEMO.

Performance

AEME.L vs. EEMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi Index MSCI Emerging Markets UCITS ETF DR (C) (AEME.L) and Invesco S&P Emerging Markets Momentum ETF (EEMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AEME.L achieves a 26.36% return, which is significantly lower than EEMO's 36.85% return.

AEME.L

• 1D: -1.56%
• 1M: 5.74%
• YTD: 26.36%
• 6M: 29.09%
• 1Y: 53.12%
• 3Y*: 24.01%
• 5Y*: 7.32%
• 10Y*: —

EEMO

• 1D: -2.42%
• 1M: 10.83%
• YTD: 36.85%
• 6M: 37.37%
• 1Y: 51.13%
• 3Y*: 24.00%
• 5Y*: 6.67%
• 10Y*: 8.50%

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

AEME.L vs. EEMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AEME.L Amundi Index MSCI Emerging Markets UCITS ETF DR (C)	26.36%	34.94%	6.72%	8.41%	-19.84%	-9.55%
EEMO Invesco S&P Emerging Markets Momentum ETF	36.85%	10.99%	9.88%	13.90%	-18.73%	-16.80%

Correlation

The correlation between AEME.L and EEMO 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	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Feb 3, 2021	0.66

The correlation between AEME.L and EEMO has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.

AEME.L vs. EEMO - Sectors Allocation Comparison

Sectors	AEME.L	EEMO
Technology	43.0%	43.8%
Financial Services	17.9%	18.0%
Consumer Cyclical	8.7%	3.2%
Industrials	6.8%	11.5%
Communication Services	6.2%	1.5%
Basic Materials	5.9%	12.9%
Energy	3.5%	2.5%
Consumer Defensive	2.7%	1.2%
Healthcare	2.6%	3.0%
Utilities	1.9%	2.0%
Real Estate	1.0%	0.5%

Return for Risk

AEME.L vs. EEMO — Risk / Return Rank

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

AEME.L

AEME.L Risk / Return Rank: 80
AEME.L Sharpe Ratio Rank: 84
AEME.L Sortino Ratio Rank: 81
AEME.L Omega Ratio Rank: 82
AEME.L Calmar Ratio Rank: 77
AEME.L Martin Ratio Rank: 77

EEMO

EEMO Risk / Return Rank: 69
EEMO Sharpe Ratio Rank: 64
EEMO Sortino Ratio Rank: 65
EEMO Omega Ratio Rank: 71
EEMO Calmar Ratio Rank: 71
EEMO Martin Ratio Rank: 75

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.

AEME.L vs. EEMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Emerging Markets UCITS ETF DR (C) (AEME.L) and Invesco S&P Emerging Markets Momentum ETF (EEMO). 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.

	AEME.L	EEMO	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.09	+0.61
Sortino ratio: Return per unit of downside risk	3.57	2.97	+0.61
Omega ratio: Gain probability vs. loss probability	1.48	1.42	+0.07
Calmar ratio: Return relative to maximum drawdown	3.91	3.48	+0.43
Martin ratio: Return relative to average drawdown	14.49	13.93	+0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AEME.L vs. EEMO - Sharpe Ratio Comparison

The current AEME.L Sharpe Ratio is 2.70, which is comparable to the EEMO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of AEME.L and EEMO, 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

	AEME.L	EEMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.70	2.09	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.35	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.13	+0.25

Drawdowns

AEME.L vs. EEMO - Drawdown Comparison

The maximum AEME.L drawdown since its inception was -40.09%, smaller than the maximum EEMO drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for AEME.L and EEMO.

Drawdown Indicators

	AEME.L	EEMO	Difference
Max Drawdown Largest peak-to-trough decline	-40.09%	-48.47%	+8.38%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-14.75%	+1.23%
Max Drawdown (3Y) Largest decline over 3 years	-17.13%	-26.06%	+8.93%
Max Drawdown (5Y) Largest decline over 5 years	-37.21%	-34.03%	-3.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.57%	—
Current Drawdown Current decline from peak	-2.74%	-3.71%	+0.97%
Average Drawdown Average peak-to-trough decline	-17.95%	-20.17%	+2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	3.68%	-0.02%

Volatility

AEME.L vs. EEMO - Volatility Comparison

The current volatility for Amundi Index MSCI Emerging Markets UCITS ETF DR (C) (AEME.L) is 8.57%, while Invesco S&P Emerging Markets Momentum ETF (EEMO) has a volatility of 14.18%. This indicates that AEME.L experiences smaller price fluctuations and is considered to be less risky than EEMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEME.L	EEMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	14.18%	-5.61%
Volatility (6M) Calculated over the trailing 6-month period	16.83%	22.26%	-5.43%
Volatility (1Y) Calculated over the trailing 1-year period	19.59%	24.58%	-4.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	19.36%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	21.59%	-2.88%

AEME.L vs. EEMO - Expense Ratio Comparison

AEME.L has a 0.20% expense ratio, which is lower than EEMO's 0.31% expense ratio.

Dividends

AEME.L vs. EEMO - Dividend Comparison

AEME.L has not paid dividends to shareholders, while EEMO's dividend yield for the trailing twelve months is around 1.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEME.L Amundi Index MSCI Emerging Markets UCITS ETF DR (C)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EEMO Invesco S&P Emerging Markets Momentum ETF	1.68%	2.31%	2.57%	3.65%	3.82%	1.51%	1.53%	2.13%	13.10%	5.13%	1.55%	2.92%

Frequently Asked Questions

Can I hold both AEME.L and EEMO in my portfolio?

AEME.L and EEMO 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.

Which ETF is better, AEME.L or EEMO?

On fees, AEME.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AEME.L or EEMO?

AEME.L is cheaper with a 0.20% expense ratio, compared with 0.31% for EEMO.

What is the main difference between AEME.L and EEMO?

AEME.L is categorized as Emerging Markets Equities, while EEMO is Momentum. AEME.L tracks MSCI EM NR USD, while EEMO tracks S&P Momentum Emerging Plus LargeMidCap Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.20% for AEME.L and 0.31% for EEMO.