NESG.L vs. AYEM.DE
NESG.L (Invesco NASDAQ-100 ESG UCITS ETF Acc) and AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) are both exchange-traded funds - NESG.L is a Nasdaq-100 fund tracking the NASDAQ-100 ESG Index®, while AYEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets IMI ESG Screened. Both are passively managed. Over the past 3 years, NESG.L returned 28.99%/yr vs 23.51%/yr for AYEM.DE. A 0.56 correlation means they provide meaningful diversification when combined. NESG.L charges 0.25%/yr vs 0.18%/yr for AYEM.DE.
Performance
NESG.L vs. AYEM.DE - Performance Comparison
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Different Trading Currencies
NESG.L 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, NESG.L achieves a 20.35% return, which is significantly lower than AYEM.DE's 25.44% return.
NESG.L
- 1D
- -0.58%
- 1M
- 9.66%
- YTD
- 20.35%
- 6M
- 20.11%
- 1Y
- 42.69%
- 3Y*
- 28.99%
- 5Y*
- —
- 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*
- —
NESG.L vs. AYEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NESG.L Invesco NASDAQ-100 ESG UCITS ETF Acc | 20.35% | 21.09% | 26.52% | 56.71% | -32.09% | 1.40% |
AYEM.DE iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) | 25.44% | 32.66% | 7.50% | 10.19% | -19.34% | -4.17% |
Correlation
The correlation between NESG.L and AYEM.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | 0.56 |
The correlation between NESG.L and AYEM.DE shifts across timeframes, from 0.56 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NESG.L vs. AYEM.DE — Risk / Return Rank
NESG.L
AYEM.DE
NESG.L vs. AYEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) 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.
| NESG.L | AYEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.47 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 3.74 | -0.20 |
| Martin ratioReturn relative to average drawdown | 12.44 | 13.99 | -1.55 |
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
| NESG.L | AYEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 2.65 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.56 | +0.23 |
Drawdowns
NESG.L vs. AYEM.DE - Drawdown Comparison
The maximum NESG.L drawdown since its inception was -34.69%, smaller than the maximum AYEM.DE drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for NESG.L and AYEM.DE.
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Drawdown Indicators
| NESG.L | AYEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.69% | -38.80% | +4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -13.35% | +1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -21.88% | -17.66% | -4.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.87% | — |
Current DrawdownCurrent decline from peak | -0.79% | -2.35% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -13.03% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.57% | -0.15% |
Volatility
NESG.L vs. AYEM.DE - Volatility Comparison
The current volatility for Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) is 5.30%, while iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) has a volatility of 7.49%. This indicates that NESG.L 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.
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Volatility by Period
| NESG.L | AYEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 7.49% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 16.15% | -3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.47% | 18.84% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.54% | 18.24% | +4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.54% | 19.94% | +2.60% |
NESG.L vs. AYEM.DE - Expense Ratio Comparison
NESG.L has a 0.25% expense ratio, which is higher than AYEM.DE's 0.18% 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
NESG.L vs. AYEM.DE - Dividend Comparison
Neither NESG.L nor AYEM.DE has paid dividends to shareholders.
Frequently Asked Questions
NESG.L and AYEM.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for NESG.L.
NESG.L is categorized as Nasdaq-100, while AYEM.DE is Emerging Markets Equities. NESG.L tracks NASDAQ-100 ESG Index®, while AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for NESG.L and 0.18% for AYEM.DE.
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