AYEM.DE vs. XMME.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and XMME.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1C) are both Emerging Markets Equities funds - AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened while XMME.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, AYEM.DE returned 8.30%/yr vs 8.66%/yr for XMME.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.18% expense ratio.
Performance
AYEM.DE vs. XMME.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 XMME.DE's 30.06% 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*
- —
XMME.DE
- 1D
- -1.04%
- 1M
- 5.19%
- YTD
- 30.06%
- 6M
- 29.85%
- 1Y
- 50.91%
- 3Y*
- 21.36%
- 5Y*
- 8.66%
- 10Y*
- —
AYEM.DE vs. XMME.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% |
XMME.DE Xtrackers MSCI Emerging Markets UCITS ETF 1C | 30.06% | 18.69% | 13.82% | 5.89% | -15.00% | 4.75% | 6.57% | 21.91% | 1.78% |
Correlation
The correlation between AYEM.DE and XMME.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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.98 |
The correlation between AYEM.DE and XMME.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
AYEM.DE vs. XMME.DE — Risk / Return Rank
AYEM.DE
XMME.DE
AYEM.DE vs. XMME.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 Emerging Markets UCITS ETF 1C (XMME.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 | XMME.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.55 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 4.98 | -0.68 |
| Martin ratioReturn relative to average drawdown | 15.83 | 18.04 | -2.21 |
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 | XMME.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 3.00 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.51 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.45 | +0.14 |
Drawdowns
AYEM.DE vs. XMME.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.19%, roughly equal to the maximum XMME.DE drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for AYEM.DE and XMME.DE.
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Drawdown Indicators
| AYEM.DE | XMME.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -31.96% | +0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -10.67% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -19.16% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -24.38% | +1.00% |
Current DrawdownCurrent decline from peak | -2.20% | -1.04% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -9.53% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.95% | +0.05% |
Volatility
AYEM.DE vs. XMME.DE - Volatility Comparison
The current volatility for iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) is 7.02%, while Xtrackers MSCI Emerging Markets UCITS ETF 1C (XMME.DE) has a volatility of 7.48%. This indicates that AYEM.DE experiences smaller price fluctuations and is considered to be less risky than XMME.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 | XMME.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 7.48% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 14.90% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 17.70% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 16.74% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 18.61% | +0.01% |
AYEM.DE vs. XMME.DE - Expense Ratio Comparison
Both AYEM.DE and XMME.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. XMME.DE - Dividend Comparison
Neither AYEM.DE nor XMME.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, AYEM.DE and XMME.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 XMME.DE have the same expense ratio: 0.18% per year.
AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, while XMME.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and Xtrackers.
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