AYEM.DE vs. EUNY.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) are both Emerging Markets Equities funds from iShares - AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened while EUNY.DE tracks the Dow Jones Emerging Markets Select Dividend. Both are passively managed. Over the past 5 years, AYEM.DE returned 8.30%/yr vs 5.28%/yr for EUNY.DE. A 0.76 correlation means they provide meaningful diversification when combined. AYEM.DE charges 0.18%/yr vs 0.65%/yr for EUNY.DE.
Performance
AYEM.DE vs. EUNY.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 higher than EUNY.DE's 11.46% 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*
- —
EUNY.DE
- 1D
- -0.55%
- 1M
- -2.26%
- YTD
- 11.46%
- 6M
- 11.18%
- 1Y
- 25.40%
- 3Y*
- 17.26%
- 5Y*
- 5.28%
- 10Y*
- 7.14%
AYEM.DE vs. EUNY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 21.67% | 1.83% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 11.46% | 13.97% | 12.39% | 15.37% | -26.13% | 19.99% | -11.70% | 18.31% | 1.20% |
Correlation
The correlation between AYEM.DE and EUNY.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.76 |
The correlation between AYEM.DE and EUNY.DE has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
AYEM.DE vs. EUNY.DE — Risk / Return Rank
AYEM.DE
EUNY.DE
AYEM.DE vs. EUNY.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 Emerging Markets Dividend UCITS ETF (EUNY.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 | EUNY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.38 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 6.17 | -1.87 |
| Martin ratioReturn relative to average drawdown | 15.83 | 16.86 | -1.03 |
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 | EUNY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 2.13 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.34 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.22 | +0.36 |
Drawdowns
AYEM.DE vs. EUNY.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.19%, smaller than the maximum EUNY.DE drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for AYEM.DE and EUNY.DE.
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Drawdown Indicators
| AYEM.DE | EUNY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -40.65% | +9.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -4.11% | -6.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -15.70% | -3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -31.43% | +8.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.29% | — |
Current DrawdownCurrent decline from peak | -2.20% | -2.82% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -12.34% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 1.51% | +1.49% |
Volatility
AYEM.DE vs. EUNY.DE - Volatility Comparison
iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) has a higher volatility of 7.02% compared to iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) at 4.52%. This indicates that AYEM.DE's price experiences larger fluctuations and is considered to be riskier than EUNY.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 | EUNY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 4.52% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 9.70% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 11.90% | +5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 15.58% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 16.73% | +1.89% |
AYEM.DE vs. EUNY.DE - Expense Ratio Comparison
AYEM.DE has a 0.18% expense ratio, which is lower than EUNY.DE's 0.65% expense ratio.
Dividends
AYEM.DE vs. EUNY.DE - Dividend Comparison
AYEM.DE has not paid dividends to shareholders, while EUNY.DE's dividend yield for the trailing twelve months is around 5.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 5.32% | 5.82% | 7.72% | 8.04% | 9.56% | 6.35% | 5.09% | 5.57% | 5.65% | 4.09% | 4.35% | 6.37% |
Frequently Asked Questions
AYEM.DE and EUNY.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.65% for EUNY.DE.
AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, while EUNY.DE tracks Dow Jones Emerging Markets Select Dividend. Their fees differ too: 0.18% for AYEM.DE and 0.65% for EUNY.DE.
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