AMEM.DE vs. VWO
AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) and VWO (Vanguard FTSE Emerging Markets ETF) are both Emerging Markets Equities funds - AMEM.DE tracks the MSCI Emerging Markets while VWO tracks the FTSE Emerging Index. Both are passively managed. Over the past 10 years, AMEM.DE returned 9.86%/yr vs 8.52%/yr for VWO. A 0.76 correlation means they provide meaningful diversification when combined. AMEM.DE charges 0.20%/yr vs 0.08%/yr for VWO.
Performance
AMEM.DE vs. VWO - Performance Comparison
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Different Trading Currencies
AMEM.DE is traded in EUR, while VWO is traded in USD. To make them comparable, the VWO 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 27.34% return, which is significantly higher than VWO's 13.46% return. Over the past 10 years, AMEM.DE has outperformed VWO with an annualized return of 9.86%, while VWO has yielded a comparatively lower 8.52% annualized 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%
VWO
- 1D
- -0.17%
- 1M
- 2.28%
- YTD
- 13.46%
- 6M
- 13.81%
- 1Y
- 27.22%
- 3Y*
- 14.91%
- 5Y*
- 6.14%
- 10Y*
- 8.52%
AMEM.DE vs. VWO - 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% |
VWO Vanguard FTSE Emerging Markets ETF | 13.46% | 10.70% | 17.89% | 5.98% | -12.90% | 8.83% | 5.68% | 23.48% | -10.76% | 15.33% |
Correlation
The correlation between AMEM.DE and VWO is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2011 | 0.76 |
The correlation between AMEM.DE and VWO has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
AMEM.DE vs. VWO — Risk / Return Rank
AMEM.DE
VWO
AMEM.DE vs. VWO - 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 Emerging Markets ETF (VWO). 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 | VWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.34 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 3.01 | +1.64 |
| Martin ratioReturn relative to average drawdown | 16.89 | 10.56 | +6.33 |
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 | VWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 1.85 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.39 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.46 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.21 | +0.13 |
Drawdowns
AMEM.DE vs. VWO - Drawdown Comparison
The maximum AMEM.DE drawdown since its inception was -35.87%, smaller than the maximum VWO drawdown of -62.50%. Use the drawdown chart below to compare losses from any high point for AMEM.DE and VWO.
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Drawdown Indicators
| AMEM.DE | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.87% | -62.50% | +26.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.65% | -9.08% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -17.82% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.53% | -19.58% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -31.93% | -31.80% | -0.13% |
Current DrawdownCurrent decline from peak | -2.62% | -1.30% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -10.29% | -12.67% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.58% | +0.36% |
Volatility
AMEM.DE vs. VWO - Volatility Comparison
Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) has a higher volatility of 7.41% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 4.82%. This indicates that AMEM.DE's price experiences larger fluctuations and is considered to be riskier than VWO 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 | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 4.82% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 11.89% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 14.81% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 15.83% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 18.48% | -0.20% |
AMEM.DE vs. VWO - Expense Ratio Comparison
AMEM.DE has a 0.20% expense ratio, which is higher than VWO's 0.08% 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. VWO - Dividend Comparison
AMEM.DE has not paid dividends to shareholders, while VWO's dividend yield for the trailing twelve months is around 2.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
VWO Vanguard FTSE Emerging Markets ETF | 2.41% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Frequently Asked Questions
AMEM.DE and VWO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWO is cheaper with a 0.08% expense ratio, compared with 0.20% for AMEM.DE.
AMEM.DE tracks MSCI Emerging Markets, while VWO tracks FTSE Emerging Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.20% for AMEM.DE and 0.08% for VWO.
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