EMNE.DE vs. AMEM.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) are both exchange-traded funds - EMNE.DE is a Europe Equities fund tracking the MSCI EMU ESG Enhanced Focus CTB Index, while AMEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, EMNE.DE returned 10.42%/yr vs 7.63%/yr for AMEM.DE. A 0.52 correlation means they provide meaningful diversification when combined. EMNE.DE charges 0.12%/yr vs 0.20%/yr for AMEM.DE.
Performance
EMNE.DE vs. AMEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMNE.DE achieves a 9.92% return, which is significantly lower than AMEM.DE's 20.68% return.
EMNE.DE
- 1D
- 0.22%
- 1M
- -2.09%
- 6M
- 8.22%
- YTD
- 9.92%
- 1Y
- 18.82%
- 3Y*
- 14.84%
- 5Y*
- 10.42%
- 10Y*
- —
- ALL TIME*
- 11.44%
AMEM.DE
- 1D
- 1.23%
- 1M
- -8.29%
- 6M
- 12.96%
- YTD
- 20.68%
- 1Y
- 35.22%
- 3Y*
- 18.88%
- 5Y*
- 7.63%
- 10Y*
- 8.29%
- ALL TIME*
- 6.16%
EMNE.DE vs. AMEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 9.92% | 22.18% | 9.86% | 18.79% | -12.35% | 22.75% | 1.44% | 16.09% |
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 20.68% | 19.22% | 13.69% | 5.35% | -13.83% | 3.96% | 6.43% | 10.27% |
Correlation
The correlation between EMNE.DE and AMEM.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.52 |
The correlation between EMNE.DE and AMEM.DE shifts across timeframes, from 0.52 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMNE.DE vs. AMEM.DE — Risk / Return Rank
EMNE.DE
AMEM.DE
EMNE.DE vs. AMEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.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.
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.
| EMNE.DE | AMEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.17 | -1.45 |
| Martin ratioReturn relative to average drawdown | 6.34 | 9.65 | -3.31 |
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Drawdowns
EMNE.DE vs. AMEM.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, roughly equal to the maximum AMEM.DE drawdown of -35.91%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and AMEM.DE.
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Drawdown Indicators
| EMNE.DE | AMEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -35.91% | +1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -11.06% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -19.20% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -22.67% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.83% | — |
Current DrawdownCurrent decline from peak | -2.73% | -9.96% | +7.23% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -10.19% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.64% | -0.68% |
Volatility
EMNE.DE vs. AMEM.DE - Volatility Comparison
The current volatility for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) is 3.80%, while Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) has a volatility of 8.54%. This indicates that EMNE.DE experiences smaller price fluctuations and is considered to be less risky than AMEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMNE.DE | AMEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 8.54% | -4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 17.72% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 20.15% | -5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 17.27% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 18.48% | +1.50% |
EMNE.DE vs. AMEM.DE - Expense Ratio Comparison
EMNE.DE has a 0.12% expense ratio, which is lower than AMEM.DE's 0.20% 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
EMNE.DE vs. AMEM.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.39%, while AMEM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 2.39% | 2.61% | 2.95% | 3.17% | 3.34% | 2.40% | 1.85% | 2.67% |
Frequently Asked Questions
EMNE.DE and AMEM.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNE.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for AMEM.DE.
EMNE.DE is categorized as Europe Equities, while AMEM.DE is Emerging Markets Equities. EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, while AMEM.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for EMNE.DE and 0.20% for AMEM.DE.
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