AYEM.DE vs. 84X0.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and 84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) are both Emerging Markets Equities funds from iShares - AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened while 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net). Both are passively managed. Over the past year, AYEM.DE returned 46.15% vs 68.88% for 84X0.DE. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
AYEM.DE vs. 84X0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEM.DE achieves a 26.90% return, which is significantly lower than 84X0.DE's 40.37% return.
AYEM.DE
- 1D
- -1.29%
- 1M
- 4.35%
- YTD
- 26.90%
- 6M
- 27.17%
- 1Y
- 46.15%
- 3Y*
- 20.23%
- 5Y*
- 8.30%
- 10Y*
- —
84X0.DE
- 1D
- -1.73%
- 1M
- 8.33%
- YTD
- 40.37%
- 6M
- 44.02%
- 1Y
- 68.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AYEM.DE vs. 84X0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AYEM.DE iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) | 26.90% | 17.51% | 14.02% | 3.47% |
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
Correlation
The correlation between AYEM.DE and 84X0.DE is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.87 |
The correlation between AYEM.DE and 84X0.DE has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
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Return for Risk
AYEM.DE vs. 84X0.DE — Risk / Return Rank
AYEM.DE
84X0.DE
AYEM.DE vs. 84X0.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 ex-China UCITS ETF USD Acc (84X0.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.
| AYEM.DE | 84X0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.64 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 5.88 | -1.57 |
| Martin ratioReturn relative to average drawdown | 15.83 | 21.92 | -6.09 |
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
| AYEM.DE | 84X0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 3.52 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.77 | -1.18 |
Drawdowns
AYEM.DE vs. 84X0.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.19%, which is greater than 84X0.DE's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for AYEM.DE and 84X0.DE.
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Drawdown Indicators
| AYEM.DE | 84X0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -19.72% | -11.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -11.66% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | — | — |
Current DrawdownCurrent decline from peak | -2.20% | -2.49% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -2.70% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.13% | -0.13% |
Volatility
AYEM.DE vs. 84X0.DE - Volatility Comparison
The current volatility for iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) is 7.02%, while iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a volatility of 8.41%. This indicates that AYEM.DE experiences smaller price fluctuations and is considered to be less risky than 84X0.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 | 84X0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 8.41% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 16.93% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 19.46% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 17.11% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 17.11% | +1.51% |
AYEM.DE vs. 84X0.DE - Expense Ratio Comparison
Both AYEM.DE and 84X0.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AYEM.DE vs. 84X0.DE - Dividend Comparison
Neither AYEM.DE nor 84X0.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, AYEM.DE and 84X0.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.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AYEM.DE and 84X0.DE have the same expense ratio: 0.18% per year.
AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, while 84X0.DE tracks MSCI Emerging Markets ex China Index (Net).
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