IBC3.DE vs. AE5A.DE
IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) and AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) are both Emerging Markets Equities funds - IBC3.DE tracks the MSCI Emerging Markets Investable Market (IMI) while AE5A.DE tracks the MSCI Emerging Markets Index. Both are passively managed. Over the past 5 years, IBC3.DE returned 8.85%/yr vs 8.49%/yr for AE5A.DE. With a 0.98 correlation, they move nearly in lockstep. IBC3.DE charges 0.18%/yr vs 0.14%/yr for AE5A.DE.
Performance
IBC3.DE vs. AE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC3.DE achieves a 25.91% return, which is significantly lower than AE5A.DE's 27.41% return.
IBC3.DE
- 1D
- -1.44%
- 1M
- 5.28%
- YTD
- 25.91%
- 6M
- 27.63%
- 1Y
- 47.26%
- 3Y*
- 20.30%
- 5Y*
- 8.85%
- 10Y*
- —
AE5A.DE
- 1D
- -1.54%
- 1M
- 6.05%
- YTD
- 27.41%
- 6M
- 29.44%
- 1Y
- 49.88%
- 3Y*
- 20.90%
- 5Y*
- 8.49%
- 10Y*
- 9.98%
IBC3.DE vs. AE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 25.91% | 17.59% | 14.06% | 7.48% | -13.80% | 7.38% | 7.44% | 21.30% | -9.19% |
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 27.41% | 19.26% | 14.36% | 5.58% | -14.19% | 4.19% | 7.49% | 21.04% | -9.29% |
Correlation
The correlation between IBC3.DE and AE5A.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018 | 0.98 |
The correlation between IBC3.DE and AE5A.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
IBC3.DE vs. AE5A.DE — Risk / Return Rank
IBC3.DE
AE5A.DE
IBC3.DE vs. AE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) and Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.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.
| IBC3.DE | AE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.50 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 4.80 | -0.28 |
| Martin ratioReturn relative to average drawdown | 16.28 | 17.35 | -1.07 |
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
| IBC3.DE | AE5A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 2.79 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.51 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.42 | +0.06 |
Drawdowns
IBC3.DE vs. AE5A.DE - Drawdown Comparison
The maximum IBC3.DE drawdown since its inception was -31.89%, smaller than the maximum AE5A.DE drawdown of -36.16%. Use the drawdown chart below to compare losses from any high point for IBC3.DE and AE5A.DE.
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Drawdown Indicators
| IBC3.DE | AE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.89% | -36.16% | +4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -10.34% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.08% | -19.22% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -23.47% | +1.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.24% | — |
Current DrawdownCurrent decline from peak | -2.52% | -2.56% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -9.72% | +1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.87% | +0.02% |
Volatility
IBC3.DE vs. AE5A.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) and Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) have volatilities of 7.06% and 7.32%, 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
| IBC3.DE | AE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 7.32% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 14.97% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 17.82% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 17.23% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 19.05% | -0.63% |
IBC3.DE vs. AE5A.DE - Expense Ratio Comparison
IBC3.DE has a 0.18% expense ratio, which is higher than AE5A.DE's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBC3.DE vs. AE5A.DE - Dividend Comparison
IBC3.DE's dividend yield for the trailing twelve months is around 1.88%, more than AE5A.DE's 1.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 1.69% | 2.15% | 3.38% | 3.80% | 2.44% | 1.62% | 1.71% | 2.01% | 2.17% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.88% | 2.26% | 2.44% | 2.69% | 3.36% | 2.18% | 2.09% | 2.56% | 2.08% |
Frequently Asked Questions
With a correlation of 0.99, IBC3.DE and AE5A.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, AE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.18% for IBC3.DE.
IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI), while AE5A.DE tracks MSCI Emerging Markets Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for IBC3.DE and 0.14% for AE5A.DE.
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