AEMU.L vs. EMVL.L

Last updated Jun 5, 2026

AEMU.L (Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D)) and EMVL.L (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from Amundi and iShares respectively. Both are passively managed. Over the past 5 years, AEMU.L returned 7.22%/yr vs 16.16%/yr for EMVL.L. A 0.56 correlation means they provide meaningful diversification when combined. AEMU.L charges 0.20%/yr vs 0.40%/yr for EMVL.L.

Performance

AEMU.L vs. EMVL.L - 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 iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AEMU.L achieves a 26.47% return, which is significantly lower than EMVL.L's 43.83% return.

AEMU.L

• 1D: -1.61%
• 1M: 5.85%
• YTD: 26.47%
• 6M: 29.24%
• 1Y: 53.33%
• 3Y*: 24.08%
• 5Y*: 7.22%
• 10Y*: —

EMVL.L

• 1D: -2.57%
• 1M: 10.78%
• YTD: 43.83%
• 6M: 48.06%
• 1Y: 85.89%
• 3Y*: 37.66%
• 5Y*: 16.16%
• 10Y*: —

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

AEMU.L vs. EMVL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AEMU.L Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D)	26.47%	34.26%	7.15%	7.17%	-15.46%	-15.10%
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)	43.83%	43.13%	14.48%	18.38%	-16.29%	-4.70%

Correlation

The correlation between AEMU.L and EMVL.L is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Feb 19, 2021	0.56

Over the past year, AEMU.L and EMVL.L have become more correlated (0.79) than their long-term average of 0.56, meaning their price movements have been converging.

AEMU.L vs. EMVL.L - Sectors Allocation Comparison

Sectors	AEMU.L	EMVL.L
Technology	42.0%	44.7%
Financial Services	18.0%	13.8%
Consumer Cyclical	8.3%	11.5%
Industrials	6.3%	2.7%
Basic Materials	6.0%	10.0%
Communication Services	5.9%	2.5%
Energy	3.4%	8.1%
Consumer Defensive	2.7%	1.1%
Healthcare	2.6%	1.7%
Utilities	2.0%	1.4%
Real Estate	1.0%	1.8%

Return for Risk

AEMU.L vs. EMVL.L — 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: 86
AEMU.L Sharpe Ratio Rank: 89
AEMU.L Sortino Ratio Rank: 89
AEMU.L Omega Ratio Rank: 87
AEMU.L Calmar Ratio Rank: 85
AEMU.L Martin Ratio Rank: 82

EMVL.L

EMVL.L Risk / Return Rank: 94
EMVL.L Sharpe Ratio Rank: 96
EMVL.L Sortino Ratio Rank: 94
EMVL.L Omega Ratio Rank: 94
EMVL.L Calmar Ratio Rank: 94
EMVL.L Martin Ratio Rank: 93

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. EMVL.L - 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 iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.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.

	AEMU.L	EMVL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.95	4.07	-1.12
Sortino ratio: Return per unit of downside risk	3.98	4.83	-0.84
Omega ratio: Gain probability vs. loss probability	1.53	1.69	-0.17
Calmar ratio: Return relative to maximum drawdown	4.62	7.25	-2.63
Martin ratio: Return relative to average drawdown	16.22	25.10	-8.88
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. EMVL.L - Sharpe Ratio Comparison

The current AEMU.L Sharpe Ratio is 2.95, which is comparable to the EMVL.L Sharpe Ratio of 4.07. The chart below compares the historical Sharpe Ratios of AEMU.L and EMVL.L, 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

	AEMU.L	EMVL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	4.07	-1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.81	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.81	-0.32

Drawdowns

AEMU.L vs. EMVL.L - Drawdown Comparison

The maximum AEMU.L drawdown since its inception was -38.23%, which is greater than EMVL.L's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for AEMU.L and EMVL.L.

Drawdown Indicators

	AEMU.L	EMVL.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.23%	-34.95%	-3.28%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-11.65%	-1.87%
Max Drawdown (3Y) Largest decline over 3 years	-17.04%	-16.43%	-0.61%
Max Drawdown (5Y) Largest decline over 5 years	-37.44%	-34.57%	-2.87%
Current Drawdown Current decline from peak	-2.69%	-4.20%	+1.51%
Average Drawdown Average peak-to-trough decline	-15.60%	-9.98%	-5.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	3.39%	+0.51%

Volatility

AEMU.L vs. EMVL.L - Volatility Comparison

The current volatility for Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D) (AEMU.L) is 8.62%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) has a volatility of 9.56%. This indicates that AEMU.L experiences smaller price fluctuations and is considered to be less risky than EMVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEMU.L	EMVL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.62%	9.56%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	16.87%	17.52%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	21.17%	20.79%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.51%	20.00%	+3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.74%	22.24%	+1.50%

AEMU.L vs. EMVL.L - Expense Ratio Comparison

AEMU.L has a 0.20% expense ratio, which is lower than EMVL.L's 0.40% expense ratio.

Dividends

AEMU.L vs. EMVL.L - Dividend Comparison

AEMU.L's dividend yield for the trailing twelve months is around 1.53%, while EMVL.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
AEMU.L Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D)	1.53%	1.94%	2.50%	2.42%	2.87%	1.86%
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AEMU.L and EMVL.L in my portfolio?

AEMU.L and EMVL.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AEMU.L or EMVL.L?

On fees, AEMU.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, AEMU.L or EMVL.L?

AEMU.L is cheaper with a 0.20% expense ratio, compared with 0.40% for EMVL.L.

What is the main difference between AEMU.L and EMVL.L?

Both ETFs track MSCI EM NR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for AEMU.L and 0.40% for EMVL.L.