SBIM.DE vs. FRDM

Last updated Jun 5, 2026

SBIM.DE (Amundi Index MSCI Emerging ESG Broad CTB UCITS ETF) and FRDM (Freedom 100 Emerging Markets ETF) are both exchange-traded funds - SBIM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ESG Broad CTB Select, while FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. Both are passively managed. Over the past 5 years, SBIM.DE returned 7.90%/yr vs 18.19%/yr for FRDM. A 0.64 correlation means they provide meaningful diversification when combined. SBIM.DE charges 0.20%/yr vs 0.49%/yr for FRDM.

Performance

SBIM.DE vs. FRDM - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Index MSCI Emerging ESG Broad CTB UCITS ETF (SBIM.DE) and Freedom 100 Emerging Markets ETF (FRDM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SBIM.DE is traded in EUR, while FRDM is traded in USD. To make them comparable, the FRDM values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SBIM.DE achieves a 26.80% return, which is significantly lower than FRDM's 33.29% return.

SBIM.DE

• 1D: -1.30%
• 1M: 3.81%
• YTD: 26.80%
• 6M: 27.28%
• 1Y: 47.90%
• 3Y*: 20.34%
• 5Y*: 7.90%
• 10Y*: —

FRDM

• 1D: -7.44%
• 1M: -0.02%
• YTD: 33.29%
• 6M: 39.76%
• 1Y: 74.53%
• 3Y*: 29.14%
• 5Y*: 18.19%
• 10Y*: —

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

SBIM.DE vs. FRDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SBIM.DE Amundi Index MSCI Emerging ESG Broad CTB UCITS ETF	26.80%	19.60%	13.97%	4.26%	-15.54%	5.21%	16.37%
FRDM Freedom 100 Emerging Markets ETF	33.29%	42.13%	8.42%	19.09%	-9.15%	14.07%	22.72%

Correlation

The correlation between SBIM.DE and FRDM is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020	0.64

The correlation between SBIM.DE and FRDM has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

Return for Risk

SBIM.DE vs. FRDM — Risk / Return Rank

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

SBIM.DE

SBIM.DE Risk / Return Rank: 82
SBIM.DE Sharpe Ratio Rank: 84
SBIM.DE Sortino Ratio Rank: 82
SBIM.DE Omega Ratio Rank: 82
SBIM.DE Calmar Ratio Rank: 83
SBIM.DE Martin Ratio Rank: 81

FRDM

FRDM Risk / Return Rank: 85
FRDM Sharpe Ratio Rank: 89
FRDM Sortino Ratio Rank: 79
FRDM Omega Ratio Rank: 86
FRDM Calmar Ratio Rank: 85
FRDM Martin Ratio Rank: 86

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.

SBIM.DE vs. FRDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Emerging ESG Broad CTB UCITS ETF (SBIM.DE) and Freedom 100 Emerging Markets ETF (FRDM). 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.

	SBIM.DE	FRDM	Difference
Sharpe ratio: Return per unit of total volatility	2.68	3.10	-0.42
Sortino ratio: Return per unit of downside risk	3.60	3.66	-0.06
Omega ratio: Gain probability vs. loss probability	1.48	1.55	-0.06
Calmar ratio: Return relative to maximum drawdown	4.37	5.22	-0.86
Martin ratio: Return relative to average drawdown	15.92	20.51	-4.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBIM.DE vs. FRDM - Sharpe Ratio Comparison

The current SBIM.DE Sharpe Ratio is 2.68, which is comparable to the FRDM Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of SBIM.DE and FRDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SBIM.DE	FRDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	3.10	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.96	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.80	-0.11

Drawdowns

SBIM.DE vs. FRDM - Drawdown Comparison

The maximum SBIM.DE drawdown since its inception was -26.22%, smaller than the maximum FRDM drawdown of -38.82%. Use the drawdown chart below to compare losses from any high point for SBIM.DE and FRDM.

Drawdown Indicators

	SBIM.DE	FRDM	Difference
Max Drawdown Largest peak-to-trough decline	-26.22%	-38.82%	+12.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.10%	-14.34%	+3.24%
Max Drawdown (3Y) Largest decline over 3 years	-19.55%	-16.99%	-2.56%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-19.75%	-4.77%
Current Drawdown Current decline from peak	-2.43%	-9.92%	+7.49%
Average Drawdown Average peak-to-trough decline	-10.36%	-6.00%	-4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	3.65%	-0.60%

Volatility

SBIM.DE vs. FRDM - Volatility Comparison

The current volatility for Amundi Index MSCI Emerging ESG Broad CTB UCITS ETF (SBIM.DE) is 7.34%, while Freedom 100 Emerging Markets ETF (FRDM) has a volatility of 12.43%. This indicates that SBIM.DE experiences smaller price fluctuations and is considered to be less risky than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBIM.DE	FRDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	12.43%	-5.09%
Volatility (6M) Calculated over the trailing 6-month period	15.35%	21.53%	-6.18%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	24.17%	-6.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	19.00%	-2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	21.63%	-5.00%

SBIM.DE vs. FRDM - Expense Ratio Comparison

SBIM.DE has a 0.20% expense ratio, which is lower than FRDM's 0.49% expense ratio.

Dividends

SBIM.DE vs. FRDM - Dividend Comparison

SBIM.DE has not paid dividends to shareholders, while FRDM's dividend yield for the trailing twelve months is around 1.67%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FRDM Freedom 100 Emerging Markets ETF	1.67%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%
SBIM.DE Amundi Index MSCI Emerging ESG Broad CTB UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SBIM.DE and FRDM in my portfolio?

SBIM.DE and FRDM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SBIM.DE or FRDM?

On fees, SBIM.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SBIM.DE or FRDM?

SBIM.DE is cheaper with a 0.20% expense ratio, compared with 0.49% for FRDM.

What is the main difference between SBIM.DE and FRDM?

SBIM.DE is categorized as Emerging Markets Equities, while FRDM is Emerging Markets Diversified. SBIM.DE tracks MSCI Emerging Markets ESG Broad CTB Select, while FRDM tracks Life + Liberty Freedom 100 Emerging Markets Index. They also come from different issuers: Amundi and Freedom Funds. Their fees differ too: 0.20% for SBIM.DE and 0.49% for FRDM.