EDM2.DE vs. ESGM.DE
EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) and ESGM.DE (Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc) are both Emerging Markets Equities funds - EDM2.DE tracks the MSCI Emerging Markets ESG Enhanced Focus while ESGM.DE tracks the MSCI Emerging Markets ESG Universal Select Business Screens. Both are passively managed. Over the past 3 years, EDM2.DE returned 20.29%/yr vs 20.28%/yr for ESGM.DE. With a 0.96 correlation, they move nearly in lockstep. EDM2.DE charges 0.18%/yr vs 0.19%/yr for ESGM.DE.
Performance
EDM2.DE vs. ESGM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EDM2.DE achieves a 26.35% return, which is significantly lower than ESGM.DE's 29.14% return.
EDM2.DE
- 1D
- -1.45%
- 1M
- 3.82%
- YTD
- 26.35%
- 6M
- 26.81%
- 1Y
- 46.28%
- 3Y*
- 20.29%
- 5Y*
- 7.59%
- 10Y*
- —
ESGM.DE
- 1D
- -1.89%
- 1M
- 5.25%
- YTD
- 29.14%
- 6M
- 30.08%
- 1Y
- 49.72%
- 3Y*
- 20.28%
- 5Y*
- —
- 10Y*
- —
EDM2.DE vs. ESGM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 26.35% | 19.81% | 13.36% | 4.56% | -16.00% | -4.18% |
ESGM.DE Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc | 29.14% | 18.22% | 12.10% | 5.50% | -14.87% | -3.89% |
Correlation
The correlation between EDM2.DE and ESGM.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.96 |
The correlation between EDM2.DE and ESGM.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
EDM2.DE vs. ESGM.DE — Risk / Return Rank
EDM2.DE
ESGM.DE
EDM2.DE vs. ESGM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) and Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.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.
| EDM2.DE | ESGM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.51 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 4.69 | -0.37 |
| Martin ratioReturn relative to average drawdown | 15.65 | 17.49 | -1.84 |
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
| EDM2.DE | ESGM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.75 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.48 | +0.01 |
Drawdowns
EDM2.DE vs. ESGM.DE - Drawdown Comparison
The maximum EDM2.DE drawdown since its inception was -32.32%, which is greater than ESGM.DE's maximum drawdown of -23.67%. Use the drawdown chart below to compare losses from any high point for EDM2.DE and ESGM.DE.
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Drawdown Indicators
| EDM2.DE | ESGM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -23.67% | -8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -10.81% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.52% | -19.03% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | — | — |
Current DrawdownCurrent decline from peak | -2.66% | -2.36% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -9.34% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.90% | +0.11% |
Volatility
EDM2.DE vs. ESGM.DE - Volatility Comparison
iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) and Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.DE) have volatilities of 7.43% and 7.41%, 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
| EDM2.DE | ESGM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 7.41% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 15.79% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 18.41% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 17.02% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 17.02% | +2.11% |
EDM2.DE vs. ESGM.DE - Expense Ratio Comparison
EDM2.DE has a 0.18% expense ratio, which is lower than ESGM.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EDM2.DE vs. ESGM.DE - Dividend Comparison
Neither EDM2.DE nor ESGM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, EDM2.DE and ESGM.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, EDM2.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDM2.DE is cheaper with a 0.18% expense ratio, compared with 0.19% for ESGM.DE.
EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus, while ESGM.DE tracks MSCI Emerging Markets ESG Universal Select Business Screens. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for EDM2.DE and 0.19% for ESGM.DE.
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