AEMU.L vs. DFAE

Last updated Apr 2, 2026

Compare and contrast key facts about Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D) (AEMU.L) and Dimensional Emerging Core Equity Market ETF (DFAE).

AEMU.L and DFAE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AEMU.L is a passively managed fund by Amundi that tracks the performance of the MSCI EM NR USD. It was launched on Feb 2, 2021. DFAE is an actively managed fund by Dimensional. It was launched on Dec 2, 2020.

Performance

AEMU.L vs. DFAE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D) (AEMU.L) and Dimensional Emerging Core Equity Market ETF (DFAE). The values are adjusted to include any dividend payments, if applicable.

AEMU.L vs. DFAE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AEMU.L Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D)	5.01%	34.26%	7.15%	7.17%	-15.46%	-15.10%
DFAE Dimensional Emerging Core Equity Market ETF	4.95%	31.48%	7.68%	12.63%	-17.52%	-5.58%

Returns By Period

The year-to-date returns for both stocks are quite close, with AEMU.L having a 5.01% return and DFAE slightly lower at 4.95%.

AEMU.L

• 1D: 4.14%
• 1M: -6.38%
• YTD: 5.01%
• 6M: 8.69%
• 1Y: 35.33%
• 3Y*: 16.41%
• 5Y*: 3.74%
• 10Y*: —

DFAE

• 1D: 0.80%
• 1M: -6.60%
• YTD: 4.95%
• 6M: 8.22%
• 1Y: 34.15%
• 3Y*: 16.80%
• 5Y*: 6.27%
• 10Y*: —

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

AEMU.L vs. DFAE - Expense Ratio Comparison

AEMU.L has a 0.20% expense ratio, which is lower than DFAE's 0.35% expense ratio.

DFAE

Dimensional Emerging Core Equity Market ETF

AEMU.L

Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D)

Return for Risk

AEMU.L vs. DFAE — Risk / Return Rank

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

AEMU.L

AEMU.L Risk / Return Rank: 82
AEMU.L Sharpe Ratio Rank: 89
AEMU.L Sortino Ratio Rank: 89
AEMU.L Omega Ratio Rank: 89
AEMU.L Calmar Ratio Rank: 75
AEMU.L Martin Ratio Rank: 69

DFAE

DFAE Risk / Return Rank: 86
DFAE Sharpe Ratio Rank: 85
DFAE Sortino Ratio Rank: 85
DFAE Omega Ratio Rank: 85
DFAE Calmar Ratio Rank: 86
DFAE Martin Ratio Rank: 85

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.

AEMU.L vs. DFAE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D) (AEMU.L) and Dimensional Emerging Core Equity Market ETF (DFAE). 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.

	AEMU.L	DFAE	Difference
Sharpe ratio Return per unit of total volatility	2.00	1.77	+0.23
Sortino ratio Return per unit of downside risk	2.62	2.37	+0.25
Omega ratio Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio Return relative to maximum drawdown	2.25	2.73	-0.48
Martin ratio Return relative to average drawdown	7.89	10.40	-2.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AEMU.L vs. DFAE - Sharpe Ratio Comparison

The current AEMU.L Sharpe Ratio is 2.00, which is comparable to the DFAE Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of AEMU.L and DFAE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AEMU.L	DFAE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	1.77	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.36	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.45	-0.23

Correlation

The correlation between AEMU.L and DFAE is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AEMU.L vs. DFAE - Dividend Comparison

AEMU.L's dividend yield for the trailing twelve months is around 1.84%, less than DFAE's 2.09% yield.

	TTM	2025	2024	2023	2022	2021	2020
AEMU.L Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D)	1.84%	1.94%	2.50%	2.42%	2.87%	1.86%	0.00%
DFAE Dimensional Emerging Core Equity Market ETF	2.09%	2.20%	2.35%	2.43%	2.85%	1.63%	0.01%

Drawdowns

AEMU.L vs. DFAE - Drawdown Comparison

The maximum AEMU.L drawdown since its inception was -38.23%, which is greater than DFAE's maximum drawdown of -32.21%. Use the drawdown chart below to compare losses from any high point for AEMU.L and DFAE.

Drawdown Indicators

	AEMU.L	DFAE	Difference
Max Drawdown Largest peak-to-trough decline	-38.23%	-32.21%	-6.02%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-12.80%	-0.72%
Max Drawdown (5Y) Largest decline over 5 years	-37.44%	-32.21%	-5.23%
Current Drawdown Current decline from peak	-9.63%	-9.02%	-0.61%
Average Drawdown Average peak-to-trough decline	-16.37%	-10.59%	-5.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	3.36%	+0.70%

Volatility

AEMU.L vs. DFAE - Volatility Comparison

The current volatility for Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D) (AEMU.L) is 8.40%, while Dimensional Emerging Core Equity Market ETF (DFAE) has a volatility of 9.12%. This indicates that AEMU.L experiences smaller price fluctuations and is considered to be less risky than DFAE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEMU.L	DFAE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.40%	9.12%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	13.76%	14.33%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	22.06%	19.37%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.27%	17.36%	+5.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.39%	17.49%	+5.90%