AMEM.DE vs. SEMI.AS
AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) and SEMI.AS (iShares MSCI Global Semiconductors UCITS ETF USD Acc) are both exchange-traded funds - AMEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while SEMI.AS is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index. Both are passively managed. Over the past 3 years, AMEM.DE returned 18.88%/yr vs 51.21%/yr for SEMI.AS. A 0.64 correlation means they provide meaningful diversification when combined. AMEM.DE charges 0.20%/yr vs 0.35%/yr for SEMI.AS.
Performance
AMEM.DE vs. SEMI.AS - Performance Comparison
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Different Trading Currencies
AMEM.DE is traded in EUR, while SEMI.AS is traded in USD. To make them comparable, the SEMI.AS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, AMEM.DE achieves a 20.68% return, which is significantly lower than SEMI.AS's 82.35% 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%
SEMI.AS
- 1D
- 2.36%
- 1M
- -16.47%
- 6M
- 61.16%
- YTD
- 82.35%
- 1Y
- 137.66%
- 3Y*
- 51.21%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.96%
AMEM.DE vs. SEMI.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 20.68% | 19.22% | 13.69% | 5.35% | -13.83% | -1.58% |
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc | 82.35% | 34.67% | 22.72% | 60.83% | -31.82% | 19.61% |
Correlation
The correlation between AMEM.DE and SEMI.AS is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021 | 0.64 |
The correlation between AMEM.DE and SEMI.AS shifts across timeframes, from 0.64 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AMEM.DE vs. SEMI.AS — Risk / Return Rank
AMEM.DE
SEMI.AS
AMEM.DE vs. SEMI.AS - 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 MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS). 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 | SEMI.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.49 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 6.60 | -3.43 |
| Martin ratioReturn relative to average drawdown | 9.65 | 26.71 | -17.06 |
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Drawdowns
AMEM.DE vs. SEMI.AS - Drawdown Comparison
The maximum AMEM.DE drawdown since its inception was -35.91%, smaller than the maximum SEMI.AS drawdown of -38.90%. Use the drawdown chart below to compare losses from any high point for AMEM.DE and SEMI.AS.
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Drawdown Indicators
| AMEM.DE | SEMI.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -38.90% | +2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -20.49% | +9.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.20% | -38.90% | +19.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.83% | — | — |
Current DrawdownCurrent decline from peak | -9.96% | -18.62% | +8.66% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -11.69% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 5.08% | -1.44% |
Volatility
AMEM.DE vs. SEMI.AS - Volatility Comparison
The current volatility for Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) is 8.54%, while iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) has a volatility of 18.00%. This indicates that AMEM.DE experiences smaller price fluctuations and is considered to be less risky than SEMI.AS 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 | SEMI.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 18.00% | -9.46% |
Volatility (6M)Calculated over the trailing 6-month period | 17.72% | 31.92% | -14.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.15% | 38.17% | -18.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 31.72% | -14.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 31.72% | -13.24% |
AMEM.DE vs. SEMI.AS - Expense Ratio Comparison
AMEM.DE has a 0.20% expense ratio, which is lower than SEMI.AS's 0.35% expense ratio.
Dividends
AMEM.DE vs. SEMI.AS - Dividend Comparison
Neither AMEM.DE nor SEMI.AS has paid dividends to shareholders.
Frequently Asked Questions
AMEM.DE and SEMI.AS have a correlation of 0.81, 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 0.35% for SEMI.AS.
AMEM.DE is categorized as Emerging Markets Equities, while SEMI.AS is Semiconductors. AMEM.DE tracks MSCI Emerging Markets, while SEMI.AS tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for AMEM.DE and 0.35% for SEMI.AS.
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