AYEM.DE vs. EMXC.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both Emerging Markets Equities funds - AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened while EMXC.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, AYEM.DE returned 8.30%/yr vs 13.66%/yr for EMXC.DE. Their correlation of 0.87 suggests significant overlap in exposure. AYEM.DE charges 0.18%/yr vs 0.15%/yr for EMXC.DE.
Performance
AYEM.DE vs. EMXC.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 EMXC.DE's 40.23% 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*
- —
EMXC.DE
- 1D
- -1.80%
- 1M
- 5.62%
- YTD
- 40.23%
- 6M
- 42.71%
- 1Y
- 66.91%
- 3Y*
- 25.05%
- 5Y*
- 13.66%
- 10Y*
- —
AYEM.DE vs. EMXC.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) | 26.90% | 17.51% | 14.02% | 6.81% | -14.64% | 6.10% | 7.92% | 8.18% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 40.23% | 19.92% | 9.13% | 14.33% | -13.60% | 17.56% | 2.27% | 6.14% |
Correlation
The correlation between AYEM.DE and EMXC.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 (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2019 | 0.87 |
The correlation between AYEM.DE and EMXC.DE has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.
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Return for Risk
AYEM.DE vs. EMXC.DE — Risk / Return Rank
AYEM.DE
EMXC.DE
AYEM.DE vs. EMXC.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 Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.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 | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.62 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 5.78 | -1.48 |
| Martin ratioReturn relative to average drawdown | 15.83 | 21.97 | -6.14 |
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 | EMXC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 3.46 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.85 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.69 | -0.11 |
Drawdowns
AYEM.DE vs. EMXC.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.19%, smaller than the maximum EMXC.DE drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for AYEM.DE and EMXC.DE.
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Drawdown Indicators
| AYEM.DE | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -38.77% | +7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -11.87% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -20.48% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -20.48% | -2.90% |
Current DrawdownCurrent decline from peak | -2.20% | -2.53% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -6.73% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.13% | -0.13% |
Volatility
AYEM.DE vs. EMXC.DE - Volatility Comparison
The current volatility for iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) is 7.02%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a volatility of 8.44%. This indicates that AYEM.DE experiences smaller price fluctuations and is considered to be less risky than EMXC.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 | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 8.44% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 17.23% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 19.85% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 15.83% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 18.50% | +0.12% |
AYEM.DE vs. EMXC.DE - Expense Ratio Comparison
AYEM.DE has a 0.18% expense ratio, which is higher than EMXC.DE's 0.15% 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
AYEM.DE vs. EMXC.DE - Dividend Comparison
Neither AYEM.DE nor EMXC.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, AYEM.DE and EMXC.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, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for AYEM.DE.
AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, while EMXC.DE tracks MSCI EM NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for AYEM.DE and 0.15% for EMXC.DE.
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