AYEM.DE vs. JREM.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and JREM.DE (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both Emerging Markets Equities funds - AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened while JREM.DE tracks the JP Morgan Global Emerging Markets Research Enhanced Index Equity (ESG). Both are passively managed. Over the past 5 years, AYEM.DE returned 8.30%/yr vs 8.30%/yr for JREM.DE. With a 0.97 correlation, they move nearly in lockstep. AYEM.DE charges 0.18%/yr vs 0.30%/yr for JREM.DE.
Performance
AYEM.DE vs. JREM.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 JREM.DE's 30.82% 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*
- —
JREM.DE
- 1D
- -1.57%
- 1M
- 6.61%
- YTD
- 30.82%
- 6M
- 32.74%
- 1Y
- 54.32%
- 3Y*
- 21.35%
- 5Y*
- 8.30%
- 10Y*
- —
AYEM.DE vs. JREM.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% | -2.75% |
JREM.DE JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 30.82% | 19.77% | 12.75% | 4.21% | -15.62% | 4.87% | 8.43% | 24.14% | -2.66% |
Correlation
The correlation between AYEM.DE and JREM.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.97 |
The correlation between AYEM.DE and JREM.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
AYEM.DE vs. JREM.DE — Risk / Return Rank
AYEM.DE
JREM.DE
AYEM.DE vs. JREM.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 JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREM.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 | JREM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.54 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 5.31 | -1.01 |
| Martin ratioReturn relative to average drawdown | 15.83 | 19.31 | -3.48 |
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 | JREM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 2.99 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.48 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.56 | +0.02 |
Drawdowns
AYEM.DE vs. JREM.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.19%, roughly equal to the maximum JREM.DE drawdown of -30.28%. Use the drawdown chart below to compare losses from any high point for AYEM.DE and JREM.DE.
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Drawdown Indicators
| AYEM.DE | JREM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -30.28% | -0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -10.19% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -19.29% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -25.75% | +2.37% |
Current DrawdownCurrent decline from peak | -2.20% | -2.47% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -10.68% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.81% | +0.19% |
Volatility
AYEM.DE vs. JREM.DE - Volatility Comparison
iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) and JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREM.DE) have volatilities of 7.02% and 7.19%, 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 | JREM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 7.19% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 15.32% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 18.09% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 16.94% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 18.97% | -0.35% |
AYEM.DE vs. JREM.DE - Expense Ratio Comparison
AYEM.DE has a 0.18% expense ratio, which is lower than JREM.DE's 0.30% expense ratio.
Dividends
AYEM.DE vs. JREM.DE - Dividend Comparison
Neither AYEM.DE nor JREM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, AYEM.DE and JREM.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 0.30% for JREM.DE.
AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, while JREM.DE tracks JP Morgan Global Emerging Markets Research Enhanced Index Equity (ESG). They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.18% for AYEM.DE and 0.30% for JREM.DE.
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