AYEM.DE vs. ESGM.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and ESGM.DE (Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc) are both Emerging Markets Equities funds - AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened while ESGM.DE tracks the MSCI Emerging Markets ESG Universal Select Business Screens. Both are passively managed. Over the past 3 years, AYEM.DE returned 21.17%/yr vs 21.23%/yr for ESGM.DE. Their correlation of 0.95 suggests significant overlap in exposure. AYEM.DE charges 0.18%/yr vs 0.19%/yr for ESGM.DE.
Performance
AYEM.DE vs. ESGM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AYEM.DE achieves a 28.03% return, which is significantly lower than ESGM.DE's 30.13% 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*
- —
ESGM.DE
- 1D
- 0.00%
- 1M
- 2.38%
- YTD
- 30.13%
- 6M
- 31.78%
- 1Y
- 48.83%
- 3Y*
- 21.23%
- 5Y*
- —
- 10Y*
- —
AYEM.DE vs. ESGM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYEM.DE iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) | 28.03% | 17.41% | 14.03% | 6.81% | -14.62% | -3.83% |
ESGM.DE Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc | 30.13% | 18.22% | 12.10% | 5.50% | -14.87% | -18.34% |
Correlation
The correlation between AYEM.DE and ESGM.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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021 | 0.95 |
The correlation between AYEM.DE and ESGM.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AYEM.DE vs. ESGM.DE — Risk / Return Rank
AYEM.DE
ESGM.DE
AYEM.DE vs. ESGM.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 Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.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 | ESGM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 3.09 | +1.04 |
| Martin ratioReturn relative to average drawdown | 14.44 | 7.04 | +7.41 |
Loading charts...
Drawdowns
AYEM.DE vs. ESGM.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.12%, smaller than the maximum ESGM.DE drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for AYEM.DE and ESGM.DE.
Loading charts...
Drawdown Indicators
| AYEM.DE | ESGM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.12% | -34.24% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -15.80% | +4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -19.03% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -23.43% | — | — |
Current DrawdownCurrent decline from peak | -4.08% | -3.74% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -20.24% | +11.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 6.94% | -3.79% |
Volatility
AYEM.DE vs. ESGM.DE - Volatility Comparison
iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) has a higher volatility of 8.74% compared to Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.DE) at 7.59%. This indicates that AYEM.DE's price experiences larger fluctuations and is considered to be riskier than ESGM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AYEM.DE | ESGM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 7.59% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 16.77% | 17.05% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 28.12% | -9.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 20.48% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 20.48% | -1.08% |
AYEM.DE vs. ESGM.DE - Expense Ratio Comparison
AYEM.DE has a 0.18% expense ratio, which is lower than ESGM.DE's 0.19% 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. ESGM.DE - Dividend Comparison
Neither AYEM.DE nor ESGM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, AYEM.DE and ESGM.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 0.19% for ESGM.DE.
AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, while ESGM.DE tracks MSCI Emerging Markets ESG Universal Select Business Screens. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for AYEM.DE and 0.19% for ESGM.DE.
Find the right allocation for AYEM.DE and ESGM.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer