ESRI.DE vs. AYEM.DE

Last updated Jun 5, 2026

ESRI.DE (BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc) and AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - ESRI.DE tracks the MSCI Emerging SRI S-Series PAB 5% Capped while AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened. Both are passively managed. Over the past 5 years, ESRI.DE returned 3.52%/yr vs 7.30%/yr for AYEM.DE. Their correlation of 0.91 suggests significant overlap in exposure. ESRI.DE charges 0.30%/yr vs 0.18%/yr for AYEM.DE.

Performance

ESRI.DE vs. AYEM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc (ESRI.DE) and iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESRI.DE is traded in USD, while AYEM.DE is traded in EUR. To make them comparable, the AYEM.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESRI.DE achieves a 15.11% return, which is significantly lower than AYEM.DE's 25.44% return.

ESRI.DE

• 1D: -1.32%
• 1M: 3.40%
• YTD: 15.11%
• 6M: 17.12%
• 1Y: 29.56%
• 3Y*: 14.68%
• 5Y*: 3.52%
• 10Y*: —

AYEM.DE

• 1D: -1.17%
• 1M: 5.78%
• YTD: 25.44%
• 6M: 28.03%
• 1Y: 50.11%
• 3Y*: 23.51%
• 5Y*: 7.30%
• 10Y*: —

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

ESRI.DE vs. AYEM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ESRI.DE BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc	15.11%	25.41%	0.66%	4.70%	-15.68%	0.43%	17.96%	13.63%	3.96%
AYEM.DE iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)	25.44%	32.66%	7.50%	10.19%	-19.34%	-2.27%	18.46%	19.10%	2.26%

Correlation

The correlation between ESRI.DE and AYEM.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018	0.91

The correlation between ESRI.DE and AYEM.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

ESRI.DE vs. AYEM.DE — Risk / Return Rank

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

ESRI.DE

ESRI.DE Risk / Return Rank: 49
ESRI.DE Sharpe Ratio Rank: 49
ESRI.DE Sortino Ratio Rank: 49
ESRI.DE Omega Ratio Rank: 53
ESRI.DE Calmar Ratio Rank: 45
ESRI.DE Martin Ratio Rank: 49

AYEM.DE

AYEM.DE Risk / Return Rank: 82
AYEM.DE Sharpe Ratio Rank: 83
AYEM.DE Sortino Ratio Rank: 82
AYEM.DE Omega Ratio Rank: 82
AYEM.DE Calmar Ratio Rank: 82
AYEM.DE Martin Ratio Rank: 81

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.

ESRI.DE vs. AYEM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc (ESRI.DE) and iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.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.

	ESRI.DE	AYEM.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.65	-0.99
Sortino ratio: Return per unit of downside risk	2.36	3.53	-1.17
Omega ratio: Gain probability vs. loss probability	1.32	1.47	-0.14
Calmar ratio: Return relative to maximum drawdown	2.20	3.74	-1.54
Martin ratio: Return relative to average drawdown	8.03	13.99	-5.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESRI.DE vs. AYEM.DE - Sharpe Ratio Comparison

The current ESRI.DE Sharpe Ratio is 1.66, which is lower than the AYEM.DE Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of ESRI.DE and AYEM.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

	ESRI.DE	AYEM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	2.65	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.40	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.56	-0.13

Drawdowns

ESRI.DE vs. AYEM.DE - Drawdown Comparison

The maximum ESRI.DE drawdown since its inception was -42.02%, which is greater than AYEM.DE's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for ESRI.DE and AYEM.DE.

Drawdown Indicators

	ESRI.DE	AYEM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-42.02%	-38.80%	-3.22%
Max Drawdown (1Y) Largest decline over 1 year	-13.38%	-13.35%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-19.72%	-17.66%	-2.06%
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	-36.87%	+5.42%
Current Drawdown Current decline from peak	-2.41%	-2.35%	-0.06%
Average Drawdown Average peak-to-trough decline	-13.05%	-13.03%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	3.57%	+0.10%

Volatility

ESRI.DE vs. AYEM.DE - Volatility Comparison

The current volatility for BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc (ESRI.DE) is 6.75%, while iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) has a volatility of 7.49%. This indicates that ESRI.DE experiences smaller price fluctuations and is considered to be less risky than AYEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESRI.DE	AYEM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	7.49%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	15.51%	16.15%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	17.78%	18.84%	-1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.84%	18.24%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.78%	19.94%	-1.16%

ESRI.DE vs. AYEM.DE - Expense Ratio Comparison

ESRI.DE has a 0.30% expense ratio, which is higher than AYEM.DE's 0.18% expense ratio.

Dividends

ESRI.DE vs. AYEM.DE - Dividend Comparison

Neither ESRI.DE nor AYEM.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESRI.DE and AYEM.DE in my portfolio?

With a correlation of 0.93, ESRI.DE and AYEM.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.

Which ETF is better, ESRI.DE or AYEM.DE?

On fees, AYEM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESRI.DE or AYEM.DE?

AYEM.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for ESRI.DE.

What is the main difference between ESRI.DE and AYEM.DE?

ESRI.DE tracks MSCI Emerging SRI S-Series PAB 5% Capped, while AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.30% for ESRI.DE and 0.18% for AYEM.DE.