AYEM.DE vs. FVEM.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and FVEM.DE (Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation) are both Emerging Markets Equities funds - AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened while FVEM.DE tracks the MSCI Emerging Markets Climate Paris Aligned. Both are passively managed. Over the past 3 years, AYEM.DE returned 20.23%/yr vs 18.13%/yr for FVEM.DE. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
AYEM.DE vs. FVEM.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 FVEM.DE's 25.43% 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*
- —
FVEM.DE
- 1D
- -1.33%
- 1M
- 2.95%
- YTD
- 25.43%
- 6M
- 26.43%
- 1Y
- 46.35%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
AYEM.DE vs. FVEM.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% | 5.26% |
FVEM.DE Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation | 25.43% | 17.23% | 13.32% | 0.60% |
Correlation
The correlation between AYEM.DE and FVEM.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2023 | 0.91 |
The correlation between AYEM.DE and FVEM.DE has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.
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Return for Risk
AYEM.DE vs. FVEM.DE — Risk / Return Rank
AYEM.DE
FVEM.DE
AYEM.DE vs. FVEM.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 Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.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 | FVEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.47 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 4.42 | -0.12 |
| Martin ratioReturn relative to average drawdown | 15.83 | 16.79 | -0.97 |
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 | FVEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 2.66 | +0.02 |
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 | 1.08 | -0.49 |
Drawdowns
AYEM.DE vs. FVEM.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.19%, which is greater than FVEM.DE's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for AYEM.DE and FVEM.DE.
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Drawdown Indicators
| AYEM.DE | FVEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -18.76% | -12.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -10.62% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -18.76% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | — | — |
Current DrawdownCurrent decline from peak | -2.20% | -2.08% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -3.46% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.80% | +0.20% |
Volatility
AYEM.DE vs. FVEM.DE - Volatility Comparison
iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) and Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE) have volatilities of 7.02% and 7.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEM.DE | FVEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 7.26% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 14.82% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 17.67% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 16.04% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 16.04% | +2.58% |
AYEM.DE vs. FVEM.DE - Expense Ratio Comparison
Both AYEM.DE and FVEM.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. FVEM.DE - Dividend Comparison
Neither AYEM.DE nor FVEM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, AYEM.DE and FVEM.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 FVEM.DE have the same expense ratio: 0.18% per year.
AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, while FVEM.DE tracks MSCI Emerging Markets Climate Paris Aligned. They also come from different issuers: iShares and Franklin Templeton.
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