IUSW.DE vs. AE5A.DE
IUSW.DE (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist)) and AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) are both Emerging Markets Equities funds - IUSW.DE tracks the MSCI Saudi Arabia 20/35 Index while AE5A.DE tracks the MSCI Emerging Markets Index. Both are passively managed. Over the past 3 years, IUSW.DE returned -1.13%/yr vs 19.74%/yr for AE5A.DE. At a 0.34 correlation, their price movements are largely independent. IUSW.DE charges 0.60%/yr vs 0.14%/yr for AE5A.DE.
Performance
IUSW.DE vs. AE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSW.DE achieves a 8.49% return, which is significantly lower than AE5A.DE's 24.89% return.
IUSW.DE
- 1D
- 0.44%
- 1M
- 0.44%
- 6M
- 7.23%
- YTD
- 8.49%
- 1Y
- 4.49%
- 3Y*
- -1.13%
- 5Y*
- 2.61%
- 10Y*
- —
AE5A.DE
- 1D
- 0.00%
- 1M
- -3.48%
- 6M
- 22.41%
- YTD
- 24.89%
- 1Y
- 42.78%
- 3Y*
- 19.74%
- 5Y*
- —
- 10Y*
- —
IUSW.DE vs. AE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IUSW.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 8.49% | -15.93% | 5.30% | 9.12% |
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 24.89% | 19.26% | 14.36% | 4.85% |
Correlation
The correlation between IUSW.DE and AE5A.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2023 | 0.34 |
The correlation between IUSW.DE and AE5A.DE shifts across timeframes, from 0.24 (1 year) to 0.34 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IUSW.DE vs. AE5A.DE — Risk / Return Rank
IUSW.DE
AE5A.DE
IUSW.DE vs. AE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IUSW.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.
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.
| IUSW.DE | AE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.40 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 4.15 | -3.78 |
| Martin ratioReturn relative to average drawdown | 0.96 | 13.73 | -12.77 |
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Drawdowns
IUSW.DE vs. AE5A.DE - Drawdown Comparison
The maximum IUSW.DE drawdown since its inception was -47.12%, which is greater than AE5A.DE's maximum drawdown of -19.22%. Use the drawdown chart below to compare losses from any high point for IUSW.DE and AE5A.DE.
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Drawdown Indicators
| IUSW.DE | AE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.12% | -19.22% | -27.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -10.34% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -21.61% | -19.22% | -2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -31.40% | — | — |
Current DrawdownCurrent decline from peak | -24.34% | -6.95% | -17.39% |
Average DrawdownAverage peak-to-trough decline | -20.34% | -3.05% | -17.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 3.13% | +1.52% |
Volatility
IUSW.DE vs. AE5A.DE - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IUSW.DE) is 3.32%, while Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) has a volatility of 9.06%. This indicates that IUSW.DE experiences smaller price fluctuations and is considered to be less risky than AE5A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSW.DE | AE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 9.06% | -5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 17.07% | -6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 19.66% | -4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 16.46% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 16.46% | +3.23% |
IUSW.DE vs. AE5A.DE - Expense Ratio Comparison
IUSW.DE has a 0.60% expense ratio, which is higher than AE5A.DE's 0.14% expense ratio.
Dividends
IUSW.DE vs. AE5A.DE - Dividend Comparison
IUSW.DE's dividend yield for the trailing twelve months is around 3.21%, more than AE5A.DE's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 1.72% | 2.15% | 3.38% | 3.80% | 0.00% | 0.00% | 0.00% |
IUSW.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 3.21% | 3.79% | 2.60% | 2.13% | 1.81% | 1.21% | 3.52% |
Frequently Asked Questions
IUSW.DE and AE5A.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.60% for IUSW.DE.
IUSW.DE tracks MSCI Saudi Arabia 20/35 Index, while AE5A.DE tracks MSCI Emerging Markets Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.60% for IUSW.DE and 0.14% for AE5A.DE.
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