AUEG.L vs. DBK.DE

Last updated Jun 5, 2026

AUEG.L (Amundi MSCI Emerging Markets UCITS ETF USD) is Emerging Markets Equities fund tracking the MSCI EM NR USD, while DBK.DE (Deutsche Bank Aktiengesellschaft) is a stock. Over the past 10 years, AUEG.L returned 10.92%/yr vs 10.58%/yr for DBK.DE. At a 0.37 correlation, their price movements are largely independent.

Performance

AUEG.L vs. DBK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Emerging Markets UCITS ETF USD (AUEG.L) and Deutsche Bank Aktiengesellschaft (DBK.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AUEG.L is traded in GBp, while DBK.DE is traded in EUR. To make them comparable, the DBK.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, AUEG.L achieves a 26.01% return, which is significantly higher than DBK.DE's -13.86% return. Both investments have delivered pretty close results over the past 10 years, with AUEG.L having a 10.92% annualized return and DBK.DE not far behind at 10.58%.

AUEG.L

• 1D: -1.63%
• 1M: 6.26%
• YTD: 26.01%
• 6M: 28.10%
• 1Y: 53.88%
• 3Y*: 20.95%
• 5Y*: 8.55%
• 10Y*: 10.92%

DBK.DE

• 1D: 3.12%
• 1M: 9.82%
• YTD: -13.86%
• 6M: -8.12%
• 1Y: 22.81%
• 3Y*: 46.59%
• 5Y*: 21.14%
• 10Y*: 10.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUEG.L vs. DBK.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AUEG.L Amundi MSCI Emerging Markets UCITS ETF USD	26.01%	25.28%	8.99%	3.02%	-10.18%	-2.18%	14.26%	13.31%	-9.74%	25.23%
DBK.DE Deutsche Bank Aktiengesellschaft	-13.90%	115.15%	32.48%	18.10%	3.54%	14.43%	36.68%	-4.25%	-55.02%	8.75%

Correlation

The correlation between AUEG.L and DBK.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Dec 9, 2015	0.37

The correlation between AUEG.L and DBK.DE shifts across timeframes, from 0.35 (10 years) to 0.46 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AUEG.L vs. DBK.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUEG.L

AUEG.L Risk / Return Rank: 89
AUEG.L Sharpe Ratio Rank: 91
AUEG.L Sortino Ratio Rank: 90
AUEG.L Omega Ratio Rank: 91
AUEG.L Calmar Ratio Rank: 87
AUEG.L Martin Ratio Rank: 85

DBK.DE

DBK.DE Risk / Return Rank: 57
DBK.DE Sharpe Ratio Rank: 62
DBK.DE Sortino Ratio Rank: 56
DBK.DE Omega Ratio Rank: 54
DBK.DE Calmar Ratio Rank: 57
DBK.DE Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AUEG.L vs. DBK.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets UCITS ETF USD (AUEG.L) and Deutsche Bank Aktiengesellschaft (DBK.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.

	AUEG.L	DBK.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.20	0.71	+2.48
Sortino ratio: Return per unit of downside risk	4.11	1.21	+2.90
Omega ratio: Gain probability vs. loss probability	1.59	1.15	+0.45
Calmar ratio: Return relative to maximum drawdown	4.89	0.84	+4.05
Martin ratio: Return relative to average drawdown	17.24	2.00	+15.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUEG.L vs. DBK.DE - Sharpe Ratio Comparison

The current AUEG.L Sharpe Ratio is 3.20, which is higher than the DBK.DE Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of AUEG.L and DBK.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AUEG.L	DBK.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.20	0.71	+2.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.59	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.28	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	-0.05	+0.68

Drawdowns

AUEG.L vs. DBK.DE - Drawdown Comparison

The maximum AUEG.L drawdown since its inception was -27.50%, smaller than the maximum DBK.DE drawdown of -89.82%. Use the drawdown chart below to compare losses from any high point for AUEG.L and DBK.DE.

Drawdown Indicators

	AUEG.L	DBK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-27.50%	-89.82%	+62.32%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-27.07%	+16.10%
Max Drawdown (3Y) Largest decline over 3 years	-15.37%	-27.07%	+11.70%
Max Drawdown (5Y) Largest decline over 5 years	-23.59%	-45.51%	+21.92%
Max Drawdown (10Y) Largest decline over 10 years	-27.50%	-70.42%	+42.92%
Current Drawdown Current decline from peak	-2.45%	-34.81%	+32.36%
Average Drawdown Average peak-to-trough decline	-9.17%	-60.13%	+50.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	11.35%	-8.23%

Volatility

AUEG.L vs. DBK.DE - Volatility Comparison

The current volatility for Amundi MSCI Emerging Markets UCITS ETF USD (AUEG.L) is 7.40%, while Deutsche Bank Aktiengesellschaft (DBK.DE) has a volatility of 8.84%. This indicates that AUEG.L experiences smaller price fluctuations and is considered to be less risky than DBK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUEG.L	DBK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.40%	8.84%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	14.32%	23.63%	-9.31%
Volatility (1Y) Calculated over the trailing 1-year period	16.80%	31.81%	-15.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.19%	35.57%	-19.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	37.91%	-20.00%

Dividends

AUEG.L vs. DBK.DE - Dividend Comparison

AUEG.L has not paid dividends to shareholders, while DBK.DE's dividend yield for the trailing twelve months is around 3.61%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AUEG.L Amundi MSCI Emerging Markets UCITS ETF USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBK.DE Deutsche Bank Aktiengesellschaft	3.61%	2.05%	2.70%	2.43%	1.89%	0.00%	0.00%	1.59%	1.58%	1.20%	0.00%	3.33%

Frequently Asked Questions

Can I hold both AUEG.L and DBK.DE in my portfolio?

AUEG.L and DBK.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.