AEMU.L vs. EMXC.L

Last updated Apr 2, 2026

Compare and contrast key facts about Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D) (AEMU.L) and Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.L).

AEMU.L and EMXC.L 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. EMXC.L is a passively managed fund by Amundi that tracks the performance of the MSCI EM NR USD. It was launched on Jun 20, 2019. Both AEMU.L and EMXC.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

AEMU.L vs. EMXC.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 Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.L). The values are adjusted to include any dividend payments, if applicable.

AEMU.L vs. EMXC.L - 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%
EMXC.L Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc	7.67%	53.41%	-3.24%	22.38%	-23.27%	-3.40%

Different Trading Currencies

AEMU.L is traded in USD, while EMXC.L is traded in EUR. To make them comparable, the EMXC.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AEMU.L achieves a 5.01% return, which is significantly lower than EMXC.L's 7.67% return.

AEMU.L

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

EMXC.L

• 1D: 5.17%
• 1M: -7.49%
• YTD: 7.67%
• 6M: 17.45%
• 1Y: 59.04%
• 3Y*: 23.37%
• 5Y*: 8.44%
• 10Y*: —

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

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

AEMU.L has a 0.20% expense ratio, which is higher than EMXC.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

AEMU.L

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

EMXC.L

Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc

Return for Risk

AEMU.L vs. EMXC.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: 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

EMXC.L

EMXC.L Risk / Return Rank: 93
EMXC.L Sharpe Ratio Rank: 94
EMXC.L Sortino Ratio Rank: 94
EMXC.L Omega Ratio Rank: 93
EMXC.L Calmar Ratio Rank: 91
EMXC.L Martin Ratio Rank: 91

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. EMXC.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 Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.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	EMXC.L	Difference
Sharpe ratio Return per unit of total volatility	2.00	2.50	-0.50
Sortino ratio Return per unit of downside risk	2.62	3.13	-0.51
Omega ratio Gain probability vs. loss probability	1.38	1.44	-0.06
Calmar ratio Return relative to maximum drawdown	2.25	3.47	-1.22
Martin ratio Return relative to average drawdown	7.89	13.83	-5.94
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. EMXC.L - Sharpe Ratio Comparison

The current AEMU.L Sharpe Ratio is 2.00, which is comparable to the EMXC.L Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of AEMU.L and EMXC.L, 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	EMXC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.50	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.40	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.45	-0.22

Correlation

The correlation between AEMU.L and EMXC.L is 0.51, 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. EMXC.L - Dividend Comparison

AEMU.L's dividend yield for the trailing twelve months is around 1.84%, while EMXC.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
AEMU.L Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D)	1.84%	1.94%	2.50%	2.42%	2.87%	1.86%
EMXC.L Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

AEMU.L vs. EMXC.L - Drawdown Comparison

The maximum AEMU.L drawdown since its inception was -38.23%, smaller than the maximum EMXC.L drawdown of -42.58%. Use the drawdown chart below to compare losses from any high point for AEMU.L and EMXC.L.

Drawdown Indicators

	AEMU.L	EMXC.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.23%	-40.52%	+2.29%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-14.14%	+0.62%
Max Drawdown (5Y) Largest decline over 5 years	-37.44%	-28.58%	-8.86%
Current Drawdown Current decline from peak	-9.63%	-9.78%	+0.15%
Average Drawdown Average peak-to-trough decline	-16.37%	-9.08%	-7.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	3.54%	+0.52%

Volatility

AEMU.L vs. EMXC.L - Volatility Comparison

The current volatility for Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D) (AEMU.L) is 8.40%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.L) has a volatility of 10.76%. This indicates that AEMU.L experiences smaller price fluctuations and is considered to be less risky than EMXC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEMU.L	EMXC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.40%	10.76%	-2.36%
Volatility (6M) Calculated over the trailing 6-month period	13.76%	17.26%	-3.50%
Volatility (1Y) Calculated over the trailing 1-year period	22.06%	23.50%	-1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.27%	21.04%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.39%	23.27%	+0.12%