AMEM.DE vs. VGWE.DE
AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) and VGWE.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc) are both exchange-traded funds - AMEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while VGWE.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, AMEM.DE returned 8.42%/yr vs 11.47%/yr for VGWE.DE. A 0.60 correlation means they provide meaningful diversification when combined. AMEM.DE charges 0.20%/yr vs 0.29%/yr for VGWE.DE.
Performance
AMEM.DE vs. VGWE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMEM.DE achieves a 27.34% return, which is significantly higher than VGWE.DE's 12.43% return.
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%
VGWE.DE
- 1D
- 0.23%
- 1M
- 3.30%
- YTD
- 12.43%
- 6M
- 14.13%
- 1Y
- 24.76%
- 3Y*
- 15.83%
- 5Y*
- 11.47%
- 10Y*
- —
AMEM.DE vs. VGWE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 27.34% | 19.31% | 13.70% | 5.24% | -13.78% | 3.95% | 19.55% |
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc | 12.43% | 12.81% | 15.59% | 7.89% | 0.02% | 27.83% | 6.23% |
Correlation
The correlation between AMEM.DE and VGWE.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.60 |
The correlation between AMEM.DE and VGWE.DE has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
AMEM.DE vs. VGWE.DE — Risk / Return Rank
AMEM.DE
VGWE.DE
AMEM.DE vs. VGWE.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 Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.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 | VGWE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.47 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 4.11 | +0.54 |
| Martin ratioReturn relative to average drawdown | 16.89 | 15.82 | +1.06 |
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 | VGWE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 2.60 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.99 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.10 | -0.76 |
Drawdowns
AMEM.DE vs. VGWE.DE - Drawdown Comparison
The maximum AMEM.DE drawdown since its inception was -35.87%, which is greater than VGWE.DE's maximum drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for AMEM.DE and VGWE.DE.
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Drawdown Indicators
| AMEM.DE | VGWE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.87% | -16.43% | -19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.65% | -6.00% | -4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -16.43% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.53% | -16.43% | -7.10% |
Max Drawdown (10Y)Largest decline over 10 years | -31.93% | — | — |
Current DrawdownCurrent decline from peak | -2.62% | -0.37% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -10.29% | -2.37% | -7.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 1.56% | +1.38% |
Volatility
AMEM.DE vs. VGWE.DE - Volatility Comparison
Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) has a higher volatility of 7.41% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE) at 2.38%. This indicates that AMEM.DE's price experiences larger fluctuations and is considered to be riskier than VGWE.DE 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 | VGWE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 2.38% | +5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 7.18% | +7.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 9.47% | +8.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 11.51% | +5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 12.23% | +6.05% |
AMEM.DE vs. VGWE.DE - Expense Ratio Comparison
AMEM.DE has a 0.20% expense ratio, which is lower than VGWE.DE's 0.29% expense ratio.
Dividends
AMEM.DE vs. VGWE.DE - Dividend Comparison
Neither AMEM.DE nor VGWE.DE has paid dividends to shareholders.
Frequently Asked Questions
AMEM.DE and VGWE.DE have a correlation of 0.55, 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 0.29% for VGWE.DE.
AMEM.DE is categorized as Emerging Markets Equities, while VGWE.DE is Dividend. AMEM.DE tracks MSCI Emerging Markets, while VGWE.DE tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.20% for AMEM.DE and 0.29% for VGWE.DE.
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