E127.L vs. EMHD.L

Last updated Apr 2, 2026

Compare and contrast key facts about Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) and Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L).

E127.L and EMHD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. E127.L is a passively managed fund by Amundi that tracks the performance of the MSCI EM NR USD. It was launched on Mar 24, 2023. EMHD.L is a passively managed fund by Invesco that tracks the performance of the FTSE Emerging High Dividend Low Volatility Net Tax Index. It was launched on May 27, 2016. Both E127.L and EMHD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

E127.L vs. EMHD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) and Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L). The values are adjusted to include any dividend payments, if applicable.

E127.L vs. EMHD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
E127.L Amundi MSCI Emerging Markets II UCITS ETF Dist	6.19%	25.81%	10.12%	3.48%	-9.65%	-1.28%	23.50%
EMHD.L Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist	11.86%	17.89%	4.06%	5.34%	-7.42%	14.77%	12.09%

Different Trading Currencies

E127.L is traded in GBP, while EMHD.L is traded in USD. To make them comparable, the EMHD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, E127.L achieves a 6.19% return, which is significantly lower than EMHD.L's 11.86% return.

E127.L

• 1D: 3.29%
• 1M: -5.21%
• YTD: 6.19%
• 6M: 10.87%
• 1Y: 31.94%
• 3Y*: 14.68%
• 5Y*: 5.77%
• 10Y*: —

EMHD.L

• 1D: 2.08%
• 1M: 0.45%
• YTD: 11.86%
• 6M: 18.57%
• 1Y: 29.13%
• 3Y*: 13.04%
• 5Y*: 7.74%
• 10Y*: —

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

E127.L vs. EMHD.L - Expense Ratio Comparison

E127.L has a 0.14% expense ratio, which is lower than EMHD.L's 0.49% expense ratio.

EMHD.L

Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist

E127.L

Amundi MSCI Emerging Markets II UCITS ETF Dist

Return for Risk

E127.L vs. EMHD.L — Risk / Return Rank

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

E127.L

E127.L Risk / Return Rank: 87
E127.L Sharpe Ratio Rank: 88
E127.L Sortino Ratio Rank: 87
E127.L Omega Ratio Rank: 87
E127.L Calmar Ratio Rank: 87
E127.L Martin Ratio Rank: 84

EMHD.L

EMHD.L Risk / Return Rank: 93
EMHD.L Sharpe Ratio Rank: 94
EMHD.L Sortino Ratio Rank: 95
EMHD.L Omega Ratio Rank: 93
EMHD.L Calmar Ratio Rank: 93
EMHD.L Martin Ratio Rank: 94

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.

E127.L vs. EMHD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) and Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L). 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.

	E127.L	EMHD.L	Difference
Sharpe ratio Return per unit of total volatility	1.93	2.30	-0.37
Sortino ratio Return per unit of downside risk	2.47	3.12	-0.66
Omega ratio Gain probability vs. loss probability	1.37	1.41	-0.05
Calmar ratio Return relative to maximum drawdown	3.01	4.46	-1.45
Martin ratio Return relative to average drawdown	10.76	14.59	-3.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

E127.L vs. EMHD.L - Sharpe Ratio Comparison

The current E127.L Sharpe Ratio is 1.93, which is comparable to the EMHD.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of E127.L and EMHD.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	E127.L	EMHD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	2.30	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.55	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.52	+0.05

Correlation

The correlation between E127.L and EMHD.L is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

E127.L vs. EMHD.L - Dividend Comparison

E127.L's dividend yield for the trailing twelve months is around 2.32%, less than EMHD.L's 4.81% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
E127.L Amundi MSCI Emerging Markets II UCITS ETF Dist	2.32%	2.47%	4.04%	4.40%	2.79%	2.25%	0.00%	0.00%	0.00%	0.00%	0.00%
EMHD.L Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist	4.81%	5.17%	5.78%	5.99%	9.02%	6.08%	4.02%	5.04%	5.51%	4.92%	2.37%

Drawdowns

E127.L vs. EMHD.L - Drawdown Comparison

The maximum E127.L drawdown since its inception was -26.68%, smaller than the maximum EMHD.L drawdown of -32.35%. Use the drawdown chart below to compare losses from any high point for E127.L and EMHD.L.

Drawdown Indicators

	E127.L	EMHD.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.68%	-38.32%	+11.64%
Max Drawdown (1Y) Largest decline over 1 year	-10.82%	-8.77%	-2.05%
Max Drawdown (5Y) Largest decline over 5 years	-22.89%	-30.43%	+7.54%
Current Drawdown Current decline from peak	-7.32%	-2.19%	-5.13%
Average Drawdown Average peak-to-trough decline	-10.59%	-9.88%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.15%	+0.87%

Volatility

E127.L vs. EMHD.L - Volatility Comparison

Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) has a higher volatility of 7.17% compared to Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L) at 5.00%. This indicates that E127.L's price experiences larger fluctuations and is considered to be riskier than EMHD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	E127.L	EMHD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.17%	5.00%	+2.17%
Volatility (6M) Calculated over the trailing 6-month period	12.57%	9.15%	+3.42%
Volatility (1Y) Calculated over the trailing 1-year period	16.53%	12.63%	+3.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.81%	14.15%	+1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	16.76%	-0.64%