ICGA.DE vs. EDM2.DE
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) are both exchange-traded funds - ICGA.DE is a China Equities fund tracking the MSCI China, while EDM2.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ESG Enhanced Focus. Both are passively managed. Over the past 5 years, ICGA.DE returned -4.32%/yr vs 7.59%/yr for EDM2.DE. Their correlation of 0.81 suggests significant overlap in exposure. ICGA.DE charges 0.28%/yr vs 0.18%/yr for EDM2.DE.
Performance
ICGA.DE vs. EDM2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ICGA.DE achieves a -6.86% return, which is significantly lower than EDM2.DE's 26.35% return.
ICGA.DE
- 1D
- -0.54%
- 1M
- -2.09%
- YTD
- -6.86%
- 6M
- -8.51%
- 1Y
- 2.73%
- 3Y*
- 7.72%
- 5Y*
- -4.32%
- 10Y*
- —
EDM2.DE
- 1D
- -1.45%
- 1M
- 6.14%
- YTD
- 26.35%
- 6M
- 28.13%
- 1Y
- 47.21%
- 3Y*
- 20.29%
- 5Y*
- 7.59%
- 10Y*
- —
ICGA.DE vs. EDM2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -6.86% | 16.64% | 27.28% | -14.71% | -15.17% | -17.27% | 15.31% | 11.52% |
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 26.35% | 19.81% | 13.36% | 4.56% | -16.00% | 4.73% | 7.76% | 7.05% |
Correlation
The correlation between ICGA.DE and EDM2.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.81 |
The correlation between ICGA.DE and EDM2.DE shifts across timeframes, from 0.68 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ICGA.DE vs. EDM2.DE — Risk / Return Rank
ICGA.DE
EDM2.DE
ICGA.DE vs. EDM2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China UCITS ETF USD Acc (ICGA.DE) and iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.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.
| ICGA.DE | EDM2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.48 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 4.32 | -4.16 |
| Martin ratioReturn relative to average drawdown | 0.34 | 15.65 | -15.31 |
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
| ICGA.DE | EDM2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 2.63 | -2.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.45 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.49 | -0.45 |
Drawdowns
ICGA.DE vs. EDM2.DE - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.95%, which is greater than EDM2.DE's maximum drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and EDM2.DE.
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Drawdown Indicators
| ICGA.DE | EDM2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.95% | -32.32% | -23.63% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -10.88% | -5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -19.52% | -4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -49.32% | -25.43% | -23.89% |
Current DrawdownCurrent decline from peak | -32.56% | -2.66% | -29.90% |
Average DrawdownAverage peak-to-trough decline | -28.80% | -11.10% | -17.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 3.01% | +5.07% |
Volatility
ICGA.DE vs. EDM2.DE - Volatility Comparison
iShares MSCI China UCITS ETF USD Acc (ICGA.DE) and iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) have volatilities of 7.19% and 7.43%, 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
| ICGA.DE | EDM2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 7.43% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 15.11% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 17.92% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.66% | 16.83% | +10.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.97% | 19.13% | +7.84% |
ICGA.DE vs. EDM2.DE - Expense Ratio Comparison
ICGA.DE has a 0.28% expense ratio, which is higher than EDM2.DE's 0.18% expense ratio.
Dividends
ICGA.DE vs. EDM2.DE - Dividend Comparison
Neither ICGA.DE nor EDM2.DE has paid dividends to shareholders.
Frequently Asked Questions
ICGA.DE and EDM2.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.28% for ICGA.DE.
ICGA.DE is categorized as China Equities, while EDM2.DE is Emerging Markets Equities. ICGA.DE tracks MSCI China, while EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus. Their fees differ too: 0.28% for ICGA.DE and 0.18% for EDM2.DE.
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