AYE2.DE vs. 5MVL.DE
AYE2.DE (iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc) and 5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both exchange-traded funds - AYE2.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while 5MVL.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Select Value Factor Focus. Both are passively managed. Over the past 5 years, AYE2.DE returned 2.45%/yr vs 17.27%/yr for 5MVL.DE. At a 0.42 correlation, their price movements are largely independent. AYE2.DE charges 0.25%/yr vs 0.40%/yr for 5MVL.DE.
Performance
AYE2.DE vs. 5MVL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYE2.DE achieves a 0.71% return, which is significantly lower than 5MVL.DE's 45.83% return.
AYE2.DE
- 1D
- -0.10%
- 1M
- 0.88%
- YTD
- 0.71%
- 6M
- 1.00%
- 1Y
- 3.78%
- 3Y*
- 6.88%
- 5Y*
- 2.45%
- 10Y*
- —
5MVL.DE
- 1D
- -2.48%
- 1M
- 11.27%
- YTD
- 45.83%
- 6M
- 48.36%
- 1Y
- 82.90%
- 3Y*
- 33.99%
- 5Y*
- 17.27%
- 10Y*
- —
AYE2.DE vs. 5MVL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc | 0.71% | 5.88% | 6.36% | 10.77% | -10.72% | 0.80% |
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 45.83% | 27.25% | 21.00% | 14.58% | -10.54% | -2.48% |
Correlation
The correlation between AYE2.DE and 5MVL.DE 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 | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.42 |
The correlation between AYE2.DE and 5MVL.DE has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
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Return for Risk
AYE2.DE vs. 5MVL.DE — Risk / Return Rank
AYE2.DE
5MVL.DE
AYE2.DE vs. 5MVL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.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.
| AYE2.DE | 5MVL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.53 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.73 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 8.86 | -7.65 |
| Martin ratioReturn relative to average drawdown | 5.15 | 28.83 | -23.68 |
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
| AYE2.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 4.31 | -3.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 1.02 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.83 | -0.38 |
Drawdowns
AYE2.DE vs. 5MVL.DE - Drawdown Comparison
The maximum AYE2.DE drawdown since its inception was -16.48%, smaller than the maximum 5MVL.DE drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for AYE2.DE and 5MVL.DE.
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Drawdown Indicators
| AYE2.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -32.25% | +15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -9.30% | +6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -19.15% | +15.46% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -20.60% | +4.12% |
Current DrawdownCurrent decline from peak | -0.33% | -3.88% | +3.55% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -6.27% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 2.87% | -2.14% |
Volatility
AYE2.DE vs. 5MVL.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) is 0.98%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) has a volatility of 8.71%. This indicates that AYE2.DE experiences smaller price fluctuations and is considered to be less risky than 5MVL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYE2.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 8.71% | -7.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 15.83% | -12.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 19.13% | -15.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 16.78% | -11.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 18.84% | -13.58% |
AYE2.DE vs. 5MVL.DE - Expense Ratio Comparison
AYE2.DE has a 0.25% expense ratio, which is lower than 5MVL.DE's 0.40% expense ratio.
Dividends
AYE2.DE vs. 5MVL.DE - Dividend Comparison
Neither AYE2.DE nor 5MVL.DE has paid dividends to shareholders.
Frequently Asked Questions
AYE2.DE and 5MVL.DE 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, AYE2.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYE2.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for 5MVL.DE.
AYE2.DE is categorized as European High Yield Bonds, while 5MVL.DE is Emerging Markets Equities. AYE2.DE tracks Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while 5MVL.DE tracks MSCI Emerging Markets Select Value Factor Focus. Their fees differ too: 0.25% for AYE2.DE and 0.40% for 5MVL.DE.
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