PE500.PA vs. IEMG
PE500.PA (Amundi ETF PEA S&P 500 UCITS ETF EUR) and IEMG (iShares Core MSCI Emerging Markets ETF) are both exchange-traded funds - PE500.PA is a S&P 500 fund tracking the S&P 500 ESG+ Index, while IEMG is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Both are passively managed. Over the past 5 years, PE500.PA returned 14.38%/yr vs 8.36%/yr for IEMG. At a 0.41 correlation, their price movements are largely independent. PE500.PA charges 0.25%/yr vs 0.09%/yr for IEMG.
Performance
PE500.PA vs. IEMG - Performance Comparison
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Different Trading Currencies
PE500.PA is traded in EUR, while IEMG is traded in USD. To make them comparable, the IEMG values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, PE500.PA achieves a 10.83% return, which is significantly lower than IEMG's 26.40% return.
PE500.PA
- 1D
- 0.63%
- 1M
- 5.49%
- YTD
- 10.83%
- 6M
- 11.25%
- 1Y
- 27.69%
- 3Y*
- 18.15%
- 5Y*
- 14.38%
- 10Y*
- —
IEMG
- 1D
- -1.12%
- 1M
- 5.51%
- YTD
- 26.40%
- 6M
- 27.77%
- 1Y
- 46.73%
- 3Y*
- 19.92%
- 5Y*
- 8.36%
- 10Y*
- 9.97%
PE500.PA vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PE500.PA Amundi ETF PEA S&P 500 UCITS ETF EUR | 10.83% | 3.89% | 32.77% | 21.94% | -14.19% | 40.52% | 7.92% | 13.82% |
IEMG iShares Core MSCI Emerging Markets ETF | 26.40% | 16.83% | 13.53% | 8.18% | -15.02% | 6.79% | 8.15% | 14.44% |
Correlation
The correlation between PE500.PA and IEMG is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 21, 2019 | 0.41 |
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Return for Risk
PE500.PA vs. IEMG — Risk / Return Rank
PE500.PA
IEMG
PE500.PA vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.
| PE500.PA | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.48 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 4.44 | -0.78 |
| Martin ratioReturn relative to average drawdown | 14.05 | 16.21 | -2.16 |
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
| PE500.PA | IEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.59 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.50 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.40 | +0.50 |
Drawdowns
PE500.PA vs. IEMG - Drawdown Comparison
The maximum PE500.PA drawdown since its inception was -33.60%, roughly equal to the maximum IEMG drawdown of -34.49%. Use the drawdown chart below to compare losses from any high point for PE500.PA and IEMG.
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Drawdown Indicators
| PE500.PA | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -34.49% | +0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.47% | -10.58% | +3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -23.69% | -17.88% | -5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -23.69% | -22.55% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.63% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.17% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -9.17% | +4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.89% | -0.93% |
Volatility
PE500.PA vs. IEMG - Volatility Comparison
The current volatility for Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) is 2.83%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 7.50%. This indicates that PE500.PA experiences smaller price fluctuations and is considered to be less risky than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PE500.PA | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 7.50% | -4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 15.44% | -7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.30% | 18.13% | -6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 16.66% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 19.18% | -2.20% |
PE500.PA vs. IEMG - Expense Ratio Comparison
PE500.PA has a 0.25% expense ratio, which is higher than IEMG's 0.09% 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
PE500.PA vs. IEMG - Dividend Comparison
PE500.PA has not paid dividends to shareholders, while IEMG's dividend yield for the trailing twelve months is around 2.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 2.20% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
PE500.PA Amundi ETF PEA S&P 500 UCITS ETF EUR | 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
PE500.PA and IEMG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEMG is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEMG is cheaper with a 0.09% expense ratio, compared with 0.25% for PE500.PA.
PE500.PA is categorized as S&P 500, while IEMG is Emerging Markets Diversified. PE500.PA tracks S&P 500 ESG+ Index, while IEMG tracks MSCI Emerging Markets Investable Market Index (USD) (Net). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for PE500.PA and 0.09% for IEMG.
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