AMEM.DE vs. HIGH.L
AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) and HIGH.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)) are both exchange-traded funds - AMEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while HIGH.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR. Both are passively managed. Over the past 5 years, AMEM.DE returned 7.63%/yr vs 2.73%/yr for HIGH.L. At a 0.47 correlation, their price movements are largely independent. AMEM.DE charges 0.20%/yr vs 0.50%/yr for HIGH.L.
Performance
AMEM.DE vs. HIGH.L - Performance Comparison
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Returns By Period
In the year-to-date period, AMEM.DE achieves a 20.68% return, which is significantly higher than HIGH.L's 1.29% return.
AMEM.DE
- 1D
- 1.23%
- 1M
- -8.29%
- 6M
- 12.96%
- YTD
- 20.68%
- 1Y
- 35.22%
- 3Y*
- 18.88%
- 5Y*
- 7.63%
- 10Y*
- 8.29%
- ALL TIME*
- 6.16%
HIGH.L
- 1D
- 0.00%
- 1M
- -0.00%
- 6M
- 1.45%
- YTD
- 1.29%
- 1Y
- 3.11%
- 3Y*
- 6.20%
- 5Y*
- 2.73%
- 10Y*
- —
- ALL TIME*
- 2.65%
AMEM.DE vs. HIGH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 20.68% | 19.22% | 13.69% | 5.35% | -13.83% | 3.96% | 6.43% | 21.24% | -11.00% | 4.76% |
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | 1.29% | 4.89% | 5.70% | 11.59% | -9.32% | 2.82% | 1.10% | 9.76% | -3.41% | 0.63% |
Correlation
The correlation between AMEM.DE and HIGH.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.47 |
The correlation between AMEM.DE and HIGH.L has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
AMEM.DE vs. HIGH.L — Risk / Return Rank
AMEM.DE
HIGH.L
AMEM.DE vs. HIGH.L - 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 iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMEM.DE | HIGH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.17 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.08 | +2.09 |
| Martin ratioReturn relative to average drawdown | 9.65 | 4.35 | +5.30 |
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Drawdowns
AMEM.DE vs. HIGH.L - Drawdown Comparison
The maximum AMEM.DE drawdown since its inception was -35.91%, which is greater than HIGH.L's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for AMEM.DE and HIGH.L.
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Drawdown Indicators
| AMEM.DE | HIGH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -25.42% | -10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -2.88% | -8.18% |
Max Drawdown (3Y)Largest decline over 3 years | -19.20% | -3.65% | -15.55% |
Max Drawdown (5Y)Largest decline over 5 years | -22.67% | -14.64% | -8.03% |
Max Drawdown (10Y)Largest decline over 10 years | -31.83% | — | — |
Current DrawdownCurrent decline from peak | -9.96% | -0.47% | -9.49% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -2.68% | -7.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 0.71% | +2.93% |
Volatility
AMEM.DE vs. HIGH.L - Volatility Comparison
Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) has a higher volatility of 8.54% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) at 0.73%. This indicates that AMEM.DE's price experiences larger fluctuations and is considered to be riskier than HIGH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMEM.DE | HIGH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 0.73% | +7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 17.72% | 3.12% | +14.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.15% | 3.67% | +16.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 5.47% | +11.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 7.16% | +11.32% |
AMEM.DE vs. HIGH.L - Expense Ratio Comparison
AMEM.DE has a 0.20% expense ratio, which is lower than HIGH.L's 0.50% expense ratio.
Dividends
AMEM.DE vs. HIGH.L - Dividend Comparison
Neither AMEM.DE nor HIGH.L has paid dividends to shareholders.
Frequently Asked Questions
AMEM.DE and HIGH.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEM.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEM.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for HIGH.L.
AMEM.DE is categorized as Emerging Markets Equities, while HIGH.L is European High Yield Bonds. AMEM.DE tracks MSCI Emerging Markets, while HIGH.L tracks Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for AMEM.DE and 0.50% for HIGH.L.
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