PAEEM.PA vs. LYY4.DE

Last updated Jul 21, 2026

PAEEM.PA (Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc) and LYY4.DE (Amundi Japan TOPIX II UCITS ETF EUR Dist) are both exchange-traded funds - PAEEM.PA is a Emerging Markets Equities fund tracking the MSCI EM ex-Egypt ESG Broad CTB Select Index, while LYY4.DE is a Japan Equities fund tracking the TOPIX®. Both are passively managed. Over the past 5 years, PAEEM.PA returned 7.56%/yr vs 9.42%/yr for LYY4.DE. A 0.50 correlation means they provide meaningful diversification when combined. PAEEM.PA charges 0.30%/yr vs 0.45%/yr for LYY4.DE.

Performance

PAEEM.PA vs. LYY4.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc (PAEEM.PA) and Amundi Japan TOPIX II UCITS ETF EUR Dist (LYY4.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PAEEM.PA achieves a 20.72% return, which is significantly higher than LYY4.DE's 15.27% return.

PAEEM.PA

• 1D: 1.61%
• 1M: -8.12%
• 6M: 14.04%
• YTD: 20.72%
• 1Y: 34.46%
• 3Y*: 18.88%
• 5Y*: 7.56%
• 10Y*: —
• ALL TIME*: 7.87%

LYY4.DE

• 1D: 0.82%
• 1M: -3.02%
• 6M: 8.80%
• YTD: 15.27%
• 1Y: 32.76%
• 3Y*: 15.55%
• 5Y*: 9.42%
• 10Y*: 8.16%
• ALL TIME*: 4.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PAEEM.PA vs. LYY4.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PAEEM.PA Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc	20.72%	22.47%	13.04%	3.26%	-15.31%	4.42%	8.27%	4.74%
LYY4.DE Amundi Japan TOPIX II UCITS ETF EUR Dist	15.27%	13.10%	12.42%	15.45%	-11.19%	8.61%	3.15%	10.20%

Correlation

The correlation between PAEEM.PA and LYY4.DE is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Apr 25, 2019	0.50

The correlation between PAEEM.PA and LYY4.DE has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.

Return for Risk

PAEEM.PA vs. LYY4.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PAEEM.PA

PAEEM.PA Risk / Return Rank: 71
PAEEM.PA Sharpe Ratio Rank: 70
PAEEM.PA Sortino Ratio Rank: 66
PAEEM.PA Omega Ratio Rank: 68
PAEEM.PA Calmar Ratio Rank: 78
PAEEM.PA Martin Ratio Rank: 71

LYY4.DE

LYY4.DE Risk / Return Rank: 78
LYY4.DE Sharpe Ratio Rank: 74
LYY4.DE Sortino Ratio Rank: 75
LYY4.DE Omega Ratio Rank: 76
LYY4.DE Calmar Ratio Rank: 85
LYY4.DE Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PAEEM.PA vs. LYY4.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc (PAEEM.PA) and Amundi Japan TOPIX II UCITS ETF EUR Dist (LYY4.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.

	PAEEM.PA	LYY4.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.77	-0.09
Sortino ratio: Return per unit of downside risk	2.29	2.54	-0.25
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	2.98	3.39	-0.41
Martin ratio: Return relative to average drawdown	9.35	11.13	-1.78

PAEEM.PA vs. LYY4.DE - Sharpe Ratio Comparison

The current PAEEM.PA Sharpe Ratio is 1.67, which is comparable to the LYY4.DE Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of PAEEM.PA and LYY4.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PAEEM.PA vs. LYY4.DE - Drawdown Comparison

The maximum PAEEM.PA drawdown since its inception was -31.94%, smaller than the maximum LYY4.DE drawdown of -54.07%. Use the drawdown chart below to compare losses from any high point for PAEEM.PA and LYY4.DE.

Drawdown Indicators

	PAEEM.PA	LYY4.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.94%	-54.07%	+22.13%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-9.61%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-18.68%	-15.82%	-2.86%
Max Drawdown (5Y) Largest decline over 5 years	-22.76%	-19.34%	-3.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.62%	—
Current Drawdown Current decline from peak	-9.96%	-4.20%	-5.76%
Average Drawdown Average peak-to-trough decline	-10.62%	-14.27%	+3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	2.94%	+0.72%

Volatility

PAEEM.PA vs. LYY4.DE - Volatility Comparison

Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc (PAEEM.PA) has a higher volatility of 9.04% compared to Amundi Japan TOPIX II UCITS ETF EUR Dist (LYY4.DE) at 5.87%. This indicates that PAEEM.PA's price experiences larger fluctuations and is considered to be riskier than LYY4.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAEEM.PA	LYY4.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.04%	5.87%	+3.17%
Volatility (6M) Calculated over the trailing 6-month period	18.05%	15.12%	+2.93%
Volatility (1Y) Calculated over the trailing 1-year period	20.37%	18.51%	+1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.55%	16.25%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.49%	16.26%	+3.23%

PAEEM.PA vs. LYY4.DE - Expense Ratio Comparison

PAEEM.PA has a 0.30% expense ratio, which is lower than LYY4.DE's 0.45% expense ratio.

Dividends

PAEEM.PA vs. LYY4.DE - Dividend Comparison

PAEEM.PA has not paid dividends to shareholders, while LYY4.DE's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LYY4.DE Amundi Japan TOPIX II UCITS ETF EUR Dist	0.62%	0.71%	0.74%	1.24%	1.89%	1.34%	1.14%	1.94%	1.86%	1.44%	1.98%	1.80%
PAEEM.PA Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PAEEM.PA and LYY4.DE in my portfolio?

PAEEM.PA and LYY4.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PAEEM.PA or LYY4.DE?

On fees, PAEEM.PA is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PAEEM.PA or LYY4.DE?

PAEEM.PA is cheaper with a 0.30% expense ratio, compared with 0.45% for LYY4.DE.

What is the main difference between PAEEM.PA and LYY4.DE?

PAEEM.PA is categorized as Emerging Markets Equities, while LYY4.DE is Japan Equities. PAEEM.PA tracks MSCI EM ex-Egypt ESG Broad CTB Select Index, while LYY4.DE tracks TOPIX®. Their fees differ too: 0.30% for PAEEM.PA and 0.45% for LYY4.DE.