JREM.DE vs. AYEM.DE
JREM.DE (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - JREM.DE tracks the JP Morgan Global Emerging Markets Research Enhanced Index Equity (ESG) while AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened. Both are passively managed. Over the past 5 years, JREM.DE returned 8.30%/yr vs 8.30%/yr for AYEM.DE. With a 0.97 correlation, they move nearly in lockstep. JREM.DE charges 0.30%/yr vs 0.18%/yr for AYEM.DE.
Performance
JREM.DE vs. AYEM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JREM.DE achieves a 30.82% return, which is significantly higher than AYEM.DE's 26.90% return.
JREM.DE
- 1D
- -1.57%
- 1M
- 6.61%
- YTD
- 30.82%
- 6M
- 32.74%
- 1Y
- 54.32%
- 3Y*
- 21.35%
- 5Y*
- 8.30%
- 10Y*
- —
AYEM.DE
- 1D
- -1.29%
- 1M
- 6.51%
- YTD
- 26.90%
- 6M
- 28.38%
- 1Y
- 47.58%
- 3Y*
- 20.23%
- 5Y*
- 8.30%
- 10Y*
- —
JREM.DE vs. AYEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JREM.DE JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 30.82% | 19.77% | 12.75% | 4.21% | -15.62% | 4.87% | 8.43% | 24.14% | -2.66% |
AYEM.DE iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) | 26.90% | 17.51% | 14.02% | 6.81% | -14.64% | 6.10% | 7.92% | 21.67% | -2.75% |
Correlation
The correlation between JREM.DE and AYEM.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.97 |
The correlation between JREM.DE and AYEM.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JREM.DE vs. AYEM.DE — Risk / Return Rank
JREM.DE
AYEM.DE
JREM.DE vs. AYEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREM.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.
| JREM.DE | AYEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.48 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.31 | 4.30 | +1.01 |
| Martin ratioReturn relative to average drawdown | 19.31 | 15.83 | +3.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JREM.DE | AYEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.99 | 2.68 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.50 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.58 | -0.02 |
Drawdowns
JREM.DE vs. AYEM.DE - Drawdown Comparison
The maximum JREM.DE drawdown since its inception was -30.28%, roughly equal to the maximum AYEM.DE drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for JREM.DE and AYEM.DE.
Loading charts...
Drawdown Indicators
| JREM.DE | AYEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.28% | -31.19% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -11.01% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | -19.14% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.75% | -23.38% | -2.37% |
Current DrawdownCurrent decline from peak | -2.47% | -2.20% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -8.38% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 3.00% | -0.19% |
Volatility
JREM.DE vs. AYEM.DE - Volatility Comparison
JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREM.DE) and iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) have volatilities of 7.19% and 7.02%, 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.
Loading charts...
Volatility by Period
| JREM.DE | AYEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 7.02% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.32% | 14.89% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 17.68% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 16.40% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 18.62% | +0.35% |
JREM.DE vs. AYEM.DE - Expense Ratio Comparison
JREM.DE has a 0.30% expense ratio, which is higher than AYEM.DE's 0.18% expense ratio.
Dividends
JREM.DE vs. AYEM.DE - Dividend Comparison
Neither JREM.DE nor AYEM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, JREM.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.
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.
AYEM.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for JREM.DE.
JREM.DE tracks JP Morgan Global Emerging Markets Research Enhanced Index Equity (ESG), while AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.30% for JREM.DE and 0.18% for AYEM.DE.
Find the right allocation for JREM.DE and AYEM.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer