AEME.L vs. HYEA.L
AEME.L (Amundi Index MSCI Emerging Markets UCITS ETF DR (C)) and HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - AEME.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while HYEA.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, AEME.L returned 6.85%/yr vs 3.17%/yr for HYEA.L. At a 0.48 correlation, their price movements are largely independent. AEME.L charges 0.20%/yr vs 0.50%/yr for HYEA.L.
Performance
AEME.L vs. HYEA.L - Performance Comparison
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Different Trading Currencies
AEME.L is traded in USD, while HYEA.L is traded in EUR. To make them comparable, the HYEA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AEME.L achieves a 17.86% return, which is significantly higher than HYEA.L's 0.44% return.
AEME.L
- 1D
- 1.13%
- 1M
- -8.62%
- 6M
- 10.76%
- YTD
- 17.86%
- 1Y
- 33.18%
- 3Y*
- 19.92%
- 5Y*
- 6.85%
- 10Y*
- —
- ALL TIME*
- 10.15%
HYEA.L
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 0.74%
- YTD
- 0.44%
- 1Y
- 4.11%
- 3Y*
- 7.84%
- 5Y*
- 3.17%
- 10Y*
- —
- ALL TIME*
- 1.63%
AEME.L vs. HYEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AEME.L Amundi Index MSCI Emerging Markets UCITS ETF DR (C) | 17.86% | 34.94% | 6.72% | 8.42% | -19.85% | 18.82% | 6.13% |
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 0.44% | 15.17% | 2.47% | 12.66% | -12.07% | 0.88% | 7.21% |
Correlation
The correlation between AEME.L and HYEA.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2020 | 0.48 |
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Return for Risk
AEME.L vs. HYEA.L — Risk / Return Rank
AEME.L
HYEA.L
AEME.L vs. HYEA.L - 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 iShares Global High Yield Corporate Bond UCITS ETF (HYEA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AEME.L | HYEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.13 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 0.86 | +1.58 |
| Martin ratioReturn relative to average drawdown | 7.72 | 2.67 | +5.05 |
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Drawdowns
AEME.L vs. HYEA.L - Drawdown Comparison
The maximum AEME.L drawdown since its inception was -40.09%, which is greater than HYEA.L's maximum drawdown of -30.15%. Use the drawdown chart below to compare losses from any high point for AEME.L and HYEA.L.
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Drawdown Indicators
| AEME.L | HYEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.09% | -30.15% | -9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -4.79% | -8.73% |
Max Drawdown (3Y)Largest decline over 3 years | -17.14% | -4.90% | -12.24% |
Max Drawdown (5Y)Largest decline over 5 years | -35.00% | -22.62% | -12.38% |
Current DrawdownCurrent decline from peak | -10.12% | -1.51% | -8.61% |
Average DrawdownAverage peak-to-trough decline | -16.40% | -8.29% | -8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 1.54% | +2.75% |
Volatility
AEME.L vs. HYEA.L - Volatility Comparison
Amundi Index MSCI Emerging Markets UCITS ETF DR (C) (AEME.L) has a higher volatility of 9.36% compared to iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) at 1.02%. This indicates that AEME.L's price experiences larger fluctuations and is considered to be riskier than HYEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEME.L | HYEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.36% | 1.02% | +8.34% |
Volatility (6M)Calculated over the trailing 6-month period | 19.98% | 4.10% | +15.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.21% | 5.71% | +16.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 8.13% | +11.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.89% | 10.06% | +11.83% |
AEME.L vs. HYEA.L - Expense Ratio Comparison
AEME.L has a 0.20% expense ratio, which is lower than HYEA.L's 0.50% expense ratio.
Dividends
AEME.L vs. HYEA.L - Dividend Comparison
Neither AEME.L nor HYEA.L has paid dividends to shareholders.
Frequently Asked Questions
AEME.L and HYEA.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
AEME.L is cheaper with a 0.20% expense ratio, compared with 0.50% for HYEA.L.
AEME.L is categorized as Emerging Markets Equities, while HYEA.L is High Yield Bonds. AEME.L tracks MSCI EM NR USD, while HYEA.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for AEME.L and 0.50% for HYEA.L.
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