AYEM.DE vs. 36B5.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and 36B5.DE (iShares MSCI EM SRI UCITS ETF USD Dist) are both Emerging Markets Equities funds from iShares - AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened while 36B5.DE tracks the MSCI Emerging Markets SRI Select Reduced Fossil Fuels. Both are passively managed. Over the past 5 years, AYEM.DE returned 8.22%/yr vs 4.30%/yr for 36B5.DE. Their correlation of 0.90 suggests significant overlap in exposure. AYEM.DE charges 0.18%/yr vs 0.25%/yr for 36B5.DE.
Performance
AYEM.DE vs. 36B5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEM.DE achieves a 28.03% return, which is significantly higher than 36B5.DE's 17.26% return.
AYEM.DE
- 1D
- 0.53%
- 1M
- 2.28%
- YTD
- 28.03%
- 6M
- 29.61%
- 1Y
- 45.67%
- 3Y*
- 21.17%
- 5Y*
- 8.22%
- 10Y*
- —
36B5.DE
- 1D
- -0.62%
- 1M
- -0.97%
- YTD
- 17.26%
- 6M
- 18.55%
- 1Y
- 32.48%
- 3Y*
- 14.98%
- 5Y*
- 4.30%
- 10Y*
- —
AYEM.DE vs. 36B5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AYEM.DE iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) | 28.03% | 17.41% | 14.03% | 6.81% | -14.62% | 6.17% | 7.79% | 8.90% |
36B5.DE iShares MSCI EM SRI UCITS ETF USD Dist | 17.26% | 16.78% | 11.32% | -2.07% | -12.59% | 7.13% | 6.76% | 11.01% |
Correlation
The correlation between AYEM.DE and 36B5.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019 | 0.90 |
The correlation between AYEM.DE and 36B5.DE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
AYEM.DE vs. 36B5.DE — Risk / Return Rank
AYEM.DE
36B5.DE
AYEM.DE vs. 36B5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) and iShares MSCI EM SRI UCITS ETF USD Dist (36B5.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.
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.
| AYEM.DE | 36B5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.32 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 3.20 | +0.93 |
| Martin ratioReturn relative to average drawdown | 14.44 | 10.81 | +3.63 |
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Drawdowns
AYEM.DE vs. 36B5.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.12%, smaller than the maximum 36B5.DE drawdown of -36.38%. Use the drawdown chart below to compare losses from any high point for AYEM.DE and 36B5.DE.
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Drawdown Indicators
| AYEM.DE | 36B5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.12% | -36.38% | +5.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -10.11% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -20.58% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -23.43% | -25.13% | +1.70% |
Current DrawdownCurrent decline from peak | -4.08% | -5.01% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -10.08% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 3.00% | +0.15% |
Volatility
AYEM.DE vs. 36B5.DE - Volatility Comparison
iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) has a higher volatility of 8.74% compared to iShares MSCI EM SRI UCITS ETF USD Dist (36B5.DE) at 7.50%. This indicates that AYEM.DE's price experiences larger fluctuations and is considered to be riskier than 36B5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEM.DE | 36B5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 7.50% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 16.77% | 15.24% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 17.89% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 17.18% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 19.81% | -0.41% |
AYEM.DE vs. 36B5.DE - Expense Ratio Comparison
AYEM.DE has a 0.18% expense ratio, which is lower than 36B5.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AYEM.DE vs. 36B5.DE - Dividend Comparison
AYEM.DE has not paid dividends to shareholders, while 36B5.DE's dividend yield for the trailing twelve months is around 1.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B5.DE iShares MSCI EM SRI UCITS ETF USD Dist | 1.87% | 2.09% | 2.34% | 2.32% | 2.32% | 1.84% | 1.56% | 2.31% |
AYEM.DE iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, AYEM.DE and 36B5.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, AYEM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEM.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for 36B5.DE.
AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, while 36B5.DE tracks MSCI Emerging Markets SRI Select Reduced Fossil Fuels. Their fees differ too: 0.18% for AYEM.DE and 0.25% for 36B5.DE.
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