AMEM.DE vs. AE5A.DE
AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) and AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) are both Emerging Markets Equities funds from Amundi - AMEM.DE tracks the MSCI Emerging Markets while AE5A.DE tracks the MSCI Emerging Markets Index. Both are passively managed. Over the past 10 years, AMEM.DE returned 9.86%/yr vs 9.98%/yr for AE5A.DE. With a 0.98 correlation, they move nearly in lockstep. AMEM.DE charges 0.20%/yr vs 0.14%/yr for AE5A.DE.
Performance
AMEM.DE vs. AE5A.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AMEM.DE having a 27.34% return and AE5A.DE slightly higher at 27.41%. Both investments have delivered pretty close results over the past 10 years, with AMEM.DE having a 9.86% annualized return and AE5A.DE not far ahead at 9.98%.
AMEM.DE
- 1D
- -1.57%
- 1M
- 5.93%
- YTD
- 27.34%
- 6M
- 29.35%
- 1Y
- 49.79%
- 3Y*
- 20.85%
- 5Y*
- 8.42%
- 10Y*
- 9.86%
AE5A.DE
- 1D
- -1.54%
- 1M
- 6.05%
- YTD
- 27.41%
- 6M
- 29.44%
- 1Y
- 49.88%
- 3Y*
- 20.90%
- 5Y*
- 8.49%
- 10Y*
- 9.98%
AMEM.DE vs. AE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 27.34% | 19.31% | 13.70% | 5.24% | -13.78% | 3.95% | 6.30% | 21.51% | -11.20% | 20.75% |
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 27.41% | 19.26% | 14.36% | 5.58% | -14.19% | 4.19% | 7.49% | 21.04% | -11.21% | 20.83% |
Correlation
The correlation between AMEM.DE and AE5A.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.98 |
The correlation between AMEM.DE and AE5A.DE has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.
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Return for Risk
AMEM.DE vs. AE5A.DE — Risk / Return Rank
AMEM.DE
AE5A.DE
AMEM.DE vs. AE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) and Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE). 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.
| AMEM.DE | AE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.50 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 4.80 | -0.15 |
| Martin ratioReturn relative to average drawdown | 16.89 | 17.35 | -0.46 |
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
| AMEM.DE | AE5A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 2.79 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.51 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.53 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.42 | -0.08 |
Drawdowns
AMEM.DE vs. AE5A.DE - Drawdown Comparison
The maximum AMEM.DE drawdown since its inception was -35.87%, roughly equal to the maximum AE5A.DE drawdown of -36.16%. Use the drawdown chart below to compare losses from any high point for AMEM.DE and AE5A.DE.
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Drawdown Indicators
| AMEM.DE | AE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.87% | -36.16% | +0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.65% | -10.34% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -19.22% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.53% | -23.47% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -31.93% | -32.24% | +0.31% |
Current DrawdownCurrent decline from peak | -2.62% | -2.56% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -10.29% | -9.72% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.87% | +0.07% |
Volatility
AMEM.DE vs. AE5A.DE - Volatility Comparison
Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) and Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) have volatilities of 7.41% and 7.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMEM.DE | AE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 7.32% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 14.97% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 17.82% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 17.23% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 19.05% | -0.77% |
AMEM.DE vs. AE5A.DE - Expense Ratio Comparison
AMEM.DE has a 0.20% expense ratio, which is higher than AE5A.DE's 0.14% 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%.
Dividends
AMEM.DE vs. AE5A.DE - Dividend Comparison
AMEM.DE has not paid dividends to shareholders, while AE5A.DE's dividend yield for the trailing twelve months is around 1.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 1.69% | 2.15% | 3.38% | 3.80% | 2.44% | 1.62% | 1.71% | 2.01% | 2.17% |
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, AMEM.DE and AE5A.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, AE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.20% for AMEM.DE.
AMEM.DE tracks MSCI Emerging Markets, while AE5A.DE tracks MSCI Emerging Markets Index. Their fees differ too: 0.20% for AMEM.DE and 0.14% for AE5A.DE.
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