AYEM.DE vs. XGLF.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) are both Emerging Markets Equities funds - AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened while XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index. Both are passively managed. Over the past 5 years, AYEM.DE returned 7.42%/yr vs 5.38%/yr for XGLF.DE. At a 0.45 correlation, their price movements are largely independent. AYEM.DE charges 0.18%/yr vs 0.65%/yr for XGLF.DE.
Performance
AYEM.DE vs. XGLF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEM.DE achieves a 19.86% return, which is significantly higher than XGLF.DE's 5.23% return.
AYEM.DE
- 1D
- 1.15%
- 1M
- -8.52%
- 6M
- 12.52%
- YTD
- 19.86%
- 1Y
- 32.48%
- 3Y*
- 18.24%
- 5Y*
- 7.42%
- 10Y*
- —
- ALL TIME*
- 7.75%
XGLF.DE
- 1D
- 0.63%
- 1M
- -3.21%
- 6M
- -1.07%
- YTD
- 5.23%
- 1Y
- 3.61%
- 3Y*
- 3.25%
- 5Y*
- 5.38%
- 10Y*
- 7.41%
- ALL TIME*
- 3.46%
AYEM.DE vs. XGLF.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) | 19.86% | 17.41% | 14.03% | 6.81% | -14.62% | 6.17% | 7.79% | 21.76% | -12.55% |
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 5.23% | -5.36% | 9.58% | 0.55% | 1.24% | 48.84% | -9.49% | 9.50% | 4.17% |
Correlation
The correlation between AYEM.DE and XGLF.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.45 |
The correlation between AYEM.DE and XGLF.DE shifts across timeframes, from 0.34 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AYEM.DE vs. XGLF.DE — Risk / Return Rank
AYEM.DE
XGLF.DE
AYEM.DE vs. XGLF.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 Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.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 | XGLF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.06 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 0.40 | +2.49 |
| Martin ratioReturn relative to average drawdown | 8.83 | 0.86 | +7.97 |
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Drawdowns
AYEM.DE vs. XGLF.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.12%, smaller than the maximum XGLF.DE drawdown of -42.15%. Use the drawdown chart below to compare losses from any high point for AYEM.DE and XGLF.DE.
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Drawdown Indicators
| AYEM.DE | XGLF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.12% | -42.15% | +11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -9.05% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -18.41% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -23.31% | -31.29% | +7.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.16% | — |
Current DrawdownCurrent decline from peak | -10.19% | -18.42% | +8.23% |
Average DrawdownAverage peak-to-trough decline | -8.72% | -18.25% | +9.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 4.19% | -0.52% |
Volatility
AYEM.DE vs. XGLF.DE - Volatility Comparison
iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) has a higher volatility of 8.55% compared to Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) at 3.11%. This indicates that AYEM.DE's price experiences larger fluctuations and is considered to be riskier than XGLF.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 | XGLF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.55% | 3.11% | +5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 17.76% | 9.09% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 12.50% | +7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 15.36% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 18.34% | +1.13% |
AYEM.DE vs. XGLF.DE - Expense Ratio Comparison
AYEM.DE has a 0.18% expense ratio, which is lower than XGLF.DE's 0.65% expense ratio.
Dividends
AYEM.DE vs. XGLF.DE - Dividend Comparison
Neither AYEM.DE nor XGLF.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEM.DE and XGLF.DE have a correlation of 0.34, 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 XGLF.DE.
AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, while XGLF.DE tracks MSCI GCC Countries ex Select Securities Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.18% for AYEM.DE and 0.65% for XGLF.DE.
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