AYEM.DE vs. IBC0.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and IBC0.DE (iShares Edge MSCI Europe Multifactor UCITS ETF) are both exchange-traded funds - AYEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets IMI ESG Screened, while IBC0.DE is a Europe Equities fund tracking the MSCI Europe Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, AYEM.DE returned 8.30%/yr vs 10.54%/yr for IBC0.DE. A 0.60 correlation means they provide meaningful diversification when combined. AYEM.DE charges 0.18%/yr vs 0.45%/yr for IBC0.DE.
Performance
AYEM.DE vs. IBC0.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 IBC0.DE's 9.99% 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*
- —
IBC0.DE
- 1D
- 0.63%
- 1M
- 0.47%
- YTD
- 9.99%
- 6M
- 13.20%
- 1Y
- 19.89%
- 3Y*
- 18.33%
- 5Y*
- 10.54%
- 10Y*
- 9.77%
AYEM.DE vs. IBC0.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% |
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 9.99% | 21.49% | 14.29% | 19.19% | -15.94% | 26.76% | -0.55% | 26.28% | -4.99% |
Correlation
The correlation between AYEM.DE and IBC0.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.60 |
The correlation between AYEM.DE and IBC0.DE has been stable across timeframes, ranging from 0.50 to 0.60 - a consistent structural relationship.
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Return for Risk
AYEM.DE vs. IBC0.DE — Risk / Return Rank
AYEM.DE
IBC0.DE
AYEM.DE vs. IBC0.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 Edge MSCI Europe Multifactor UCITS ETF (IBC0.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 | IBC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.30 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 2.56 | +1.74 |
| Martin ratioReturn relative to average drawdown | 15.83 | 9.54 | +6.29 |
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 | IBC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 1.59 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.71 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.58 | 0.00 |
Drawdowns
AYEM.DE vs. IBC0.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.19%, smaller than the maximum IBC0.DE drawdown of -37.22%. Use the drawdown chart below to compare losses from any high point for AYEM.DE and IBC0.DE.
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Drawdown Indicators
| AYEM.DE | IBC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -37.22% | +6.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -7.87% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -15.28% | -3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -24.64% | +1.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.22% | — |
Current DrawdownCurrent decline from peak | -2.20% | -1.53% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -5.79% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.12% | +0.88% |
Volatility
AYEM.DE vs. IBC0.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 Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) at 4.25%. This indicates that AYEM.DE's price experiences larger fluctuations and is considered to be riskier than IBC0.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 | IBC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 4.25% | +2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 10.49% | +4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 12.68% | +5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 14.81% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 16.32% | +2.30% |
AYEM.DE vs. IBC0.DE - Expense Ratio Comparison
AYEM.DE has a 0.18% expense ratio, which is lower than IBC0.DE's 0.45% expense ratio.
Dividends
AYEM.DE vs. IBC0.DE - Dividend Comparison
Neither AYEM.DE nor IBC0.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEM.DE and IBC0.DE have a correlation of 0.56, 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 0.45% for IBC0.DE.
AYEM.DE is categorized as Emerging Markets Equities, while IBC0.DE is Europe Equities. AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, while IBC0.DE tracks MSCI Europe Diversified Multiple-Factor. Their fees differ too: 0.18% for AYEM.DE and 0.45% for IBC0.DE.
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