DBK.DE vs. AMEM.DE

Last updated Jun 5, 2026

DBK.DE (Deutsche Bank Aktiengesellschaft) is a stock, while AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) is Emerging Markets Equities fund tracking the MSCI Emerging Markets. Over the past 10 years, DBK.DE returned 9.52%/yr vs 9.86%/yr for AMEM.DE. At a 0.45 correlation, their price movements are largely independent.

Performance

DBK.DE vs. AMEM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deutsche Bank Aktiengesellschaft (DBK.DE) and Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBK.DE achieves a -13.18% return, which is significantly lower than AMEM.DE's 27.34% return. Both investments have delivered pretty close results over the past 10 years, with DBK.DE having a 9.52% annualized return and AMEM.DE not far ahead at 9.86%.

DBK.DE

• 1D: 2.99%
• 1M: 9.58%
• YTD: -13.18%
• 6M: -7.22%
• 1Y: 19.58%
• 3Y*: 46.38%
• 5Y*: 20.97%
• 10Y*: 9.52%

AMEM.DE

• 1D: -1.57%
• 1M: 5.93%
• YTD: 27.34%
• 6M: 29.35%
• 1Y: 49.79%
• 3Y*: 20.85%
• 5Y*: 8.42%
• 10Y*: 9.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBK.DE vs. AMEM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBK.DE Deutsche Bank Aktiengesellschaft	-13.18%	104.51%	38.52%	20.50%	-1.83%	23.12%	29.38%	1.00%	-55.64%	4.29%
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR	27.34%	19.31%	13.70%	5.24%	-13.78%	3.95%	6.30%	21.51%	-11.20%	20.75%

Correlation

The correlation between DBK.DE and AMEM.DE is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Mar 17, 2011	0.45

The correlation between DBK.DE and AMEM.DE shifts across timeframes, from 0.40 (10 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DBK.DE vs. AMEM.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBK.DE

DBK.DE Risk / Return Rank: 57
DBK.DE Sharpe Ratio Rank: 62
DBK.DE Sortino Ratio Rank: 56
DBK.DE Omega Ratio Rank: 54
DBK.DE Calmar Ratio Rank: 57
DBK.DE Martin Ratio Rank: 59

AMEM.DE

AMEM.DE Risk / Return Rank: 85
AMEM.DE Sharpe Ratio Rank: 86
AMEM.DE Sortino Ratio Rank: 84
AMEM.DE Omega Ratio Rank: 84
AMEM.DE Calmar Ratio Rank: 85
AMEM.DE Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBK.DE vs. AMEM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deutsche Bank Aktiengesellschaft (DBK.DE) and Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.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.

	DBK.DE	AMEM.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.61	2.80	-2.19
Sortino ratio: Return per unit of downside risk	1.08	3.73	-2.65
Omega ratio: Gain probability vs. loss probability	1.13	1.51	-0.38
Calmar ratio: Return relative to maximum drawdown	0.73	4.65	-3.92
Martin ratio: Return relative to average drawdown	1.74	16.89	-15.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBK.DE vs. AMEM.DE - Sharpe Ratio Comparison

The current DBK.DE Sharpe Ratio is 0.61, which is lower than the AMEM.DE Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of DBK.DE and AMEM.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DBK.DE	AMEM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	2.80	-2.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.50	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.54	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.34	-0.29

Drawdowns

DBK.DE vs. AMEM.DE - Drawdown Comparison

The maximum DBK.DE drawdown since its inception was -92.61%, which is greater than AMEM.DE's maximum drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for DBK.DE and AMEM.DE.

Drawdown Indicators

	DBK.DE	AMEM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-92.61%	-35.87%	-56.74%
Max Drawdown (1Y) Largest decline over 1 year	-26.77%	-10.65%	-16.12%
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	-19.22%	-7.55%
Max Drawdown (5Y) Largest decline over 5 years	-46.36%	-23.53%	-22.83%
Max Drawdown (10Y) Largest decline over 10 years	-71.17%	-31.93%	-39.24%
Current Drawdown Current decline from peak	-51.37%	-2.62%	-48.75%
Average Drawdown Average peak-to-trough decline	-48.73%	-10.29%	-38.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.22%	2.94%	+8.28%

Volatility

DBK.DE vs. AMEM.DE - Volatility Comparison

Deutsche Bank Aktiengesellschaft (DBK.DE) has a higher volatility of 9.08% compared to Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) at 7.41%. This indicates that DBK.DE's price experiences larger fluctuations and is considered to be riskier than AMEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBK.DE	AMEM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.08%	7.41%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	23.67%	15.02%	+8.65%
Volatility (1Y) Calculated over the trailing 1-year period	32.04%	17.74%	+14.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.49%	16.70%	+18.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.39%	18.28%	+20.11%

Dividends

DBK.DE vs. AMEM.DE - Dividend Comparison

DBK.DE's dividend yield for the trailing twelve months is around 3.61%, while AMEM.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBK.DE Deutsche Bank Aktiengesellschaft	3.61%	2.05%	2.70%	2.43%	1.89%	0.00%	0.00%	1.59%	1.58%	1.20%	0.00%	3.33%

Frequently Asked Questions

Can I hold both DBK.DE and AMEM.DE in my portfolio?

DBK.DE and AMEM.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.