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AEME.L vs. SPY

Last updated Dec 9, 2023

Compare and contrast key facts about Amundi Index MSCI Emerging Markets UCITS ETF DR (C) (AEME.L) and SPDR S&P 500 ETF (SPY).

AEME.L and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AEME.L is a passively managed fund by Amundi that tracks the performance of the MSCI EM NR USD. It was launched on Jun 29, 2016. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both AEME.L and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AEME.L or SPY.

Key characteristics


AEME.LSPY
YTD Return2.80%21.67%
1Y Return1.41%17.97%
Sharpe Ratio0.051.38
Daily Std Dev19.69%13.65%
Max Drawdown-40.09%-55.19%

Correlation

0.40
-1.001.00

The correlation between AEME.L and SPY is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

AEME.L vs. SPY - Performance Comparison

In the year-to-date period, AEME.L achieves a 2.80% return, which is significantly lower than SPY's 21.67% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
-25.47%
25.58%
AEME.L
SPY

Compare stocks, funds, or ETFs


Amundi Index MSCI Emerging Markets UCITS ETF DR (C)

SPDR S&P 500 ETF

AEME.L vs. SPY - Dividend Comparison

AEME.L has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.41%.


TTM20222021202020192018201720162015201420132012
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%
SPY
SPDR S&P 500 ETF
1.41%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%2.18%

AEME.L vs. SPY - Expense Ratio Comparison

AEME.L has a 0.20% expense ratio, which is higher than SPY's 0.09% expense ratio.

0.20%
0.00%2.15%
0.09%
0.00%2.15%

AEME.L vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Emerging Markets UCITS ETF DR (C) (AEME.L) and SPDR S&P 500 ETF (SPY). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AEME.L
Amundi Index MSCI Emerging Markets UCITS ETF DR (C)
0.05
SPY
SPDR S&P 500 ETF
1.38

AEME.L vs. SPY - Sharpe Ratio Comparison

The current AEME.L Sharpe Ratio is 0.17, which is lower than the SPY Sharpe Ratio of 1.62. The chart below compares the 12-month rolling Sharpe Ratio of AEME.L and SPY.


Rolling 12-month Sharpe Ratio0.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
0.17
1.62
AEME.L
SPY

AEME.L vs. SPY - Drawdown Comparison

The maximum AEME.L drawdown for the period was -33.82%, lower than the maximum SPY drawdown of -11.67%. The drawdown chart below compares losses from any high point along the way for AEME.L and SPY


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-29.23%
-1.02%
AEME.L
SPY

AEME.L vs. SPY - Volatility Comparison

Amundi Index MSCI Emerging Markets UCITS ETF DR (C) (AEME.L) has a higher volatility of 12.81% compared to SPDR S&P 500 ETF (SPY) at 2.44%. This indicates that AEME.L's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
12.81%
2.44%
AEME.L
SPY