AMEG.L vs. EMHD.L
AMEG.L (Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR GBP (D)) and EMHD.L (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist) are both Emerging Markets Equities funds - AMEG.L tracks the MSCI EM NR USD while EMHD.L tracks the FTSE Emerging High Dividend Low Volatility Net Tax Index. Both are passively managed. Over the past 3 years, AMEG.L returned 12.91%/yr vs 12.09%/yr for EMHD.L. A 0.57 correlation means they provide meaningful diversification when combined. AMEG.L charges 0.16%/yr vs 0.49%/yr for EMHD.L.
Performance
AMEG.L vs. EMHD.L - Performance Comparison
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Different Trading Currencies
AMEG.L is traded in GBp, while EMHD.L is traded in USD. To make them comparable, the EMHD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AMEG.L achieves a 15.84% return, which is significantly higher than EMHD.L's 8.56% return.
AMEG.L
- 1D
- -1.18%
- 1M
- 3.32%
- YTD
- 15.84%
- 6M
- 16.20%
- 1Y
- 34.85%
- 3Y*
- 12.91%
- 5Y*
- —
- 10Y*
- —
EMHD.L
- 1D
- -0.03%
- 1M
- -3.08%
- YTD
- 8.56%
- 6M
- 6.60%
- 1Y
- 25.56%
- 3Y*
- 12.09%
- 5Y*
- 6.82%
- 10Y*
- 7.93%
AMEG.L vs. EMHD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMEG.L Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR GBP (D) | 15.84% | 19.33% | 6.23% | -5.48% | -1.10% |
EMHD.L Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist | 8.56% | 17.89% | 4.06% | 5.34% | 5.04% |
Correlation
The correlation between AMEG.L and EMHD.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.57 |
The correlation between AMEG.L and EMHD.L shifts across timeframes, from 0.47 (1 year) to 0.60 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AMEG.L vs. EMHD.L — Risk / Return Rank
AMEG.L
EMHD.L
AMEG.L vs. EMHD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR GBP (D) (AMEG.L) and Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.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.
| AMEG.L | EMHD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 4.39 | -0.84 |
| Martin ratioReturn relative to average drawdown | 11.17 | 12.40 | -1.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMEG.L | EMHD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 2.12 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.50 | +0.04 |
Drawdowns
AMEG.L vs. EMHD.L - Drawdown Comparison
The maximum AMEG.L drawdown since its inception was -18.35%, smaller than the maximum EMHD.L drawdown of -32.35%. Use the drawdown chart below to compare losses from any high point for AMEG.L and EMHD.L.
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Drawdown Indicators
| AMEG.L | EMHD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -32.35% | +14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.78% | -5.78% | -4.00% |
Max Drawdown (3Y)Largest decline over 3 years | -18.35% | -12.07% | -6.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.35% | — |
Current DrawdownCurrent decline from peak | -2.10% | -3.87% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -6.99% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.05% | +1.06% |
Volatility
AMEG.L vs. EMHD.L - Volatility Comparison
Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR GBP (D) (AMEG.L) has a higher volatility of 6.11% compared to Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L) at 3.57%. This indicates that AMEG.L's price experiences larger fluctuations and is considered to be riskier than EMHD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMEG.L | EMHD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 3.57% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 9.04% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 11.95% | +3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 14.16% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 16.69% | -1.04% |
AMEG.L vs. EMHD.L - Expense Ratio Comparison
AMEG.L has a 0.16% expense ratio, which is lower than EMHD.L's 0.49% expense ratio.
Dividends
AMEG.L vs. EMHD.L - Dividend Comparison
AMEG.L's dividend yield for the trailing twelve months is around 1.72%, less than EMHD.L's 4.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AMEG.L Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR GBP (D) | 1.72% | 1.99% | 2.06% | 2.38% | 1.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMHD.L Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist | 4.89% | 5.17% | 5.78% | 5.99% | 9.02% | 6.08% | 4.02% | 5.04% | 5.51% | 4.92% | 2.37% |
Frequently Asked Questions
AMEG.L and EMHD.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEG.L is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEG.L is cheaper with a 0.16% expense ratio, compared with 0.49% for EMHD.L.
AMEG.L tracks MSCI EM NR USD, while EMHD.L tracks FTSE Emerging High Dividend Low Volatility Net Tax Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.16% for AMEG.L and 0.49% for EMHD.L.
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