SP5.PA vs. PAEEM.PA

Last updated Jun 4, 2026

SP5.PA (Amundi S&P 500 UCITS ETF - Dist EUR) and PAEEM.PA (Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc) are both exchange-traded funds - SP5.PA is a S&P 500 fund tracking the S&P 500 Index, while PAEEM.PA is a Emerging Markets Equities fund tracking the MSCI EM ex-Egypt ESG Broad CTB Select Index. Both are passively managed. Over the past 5 years, SP5.PA returned 14.98%/yr vs 8.58%/yr for PAEEM.PA. A 0.56 correlation means they provide meaningful diversification when combined. SP5.PA charges 0.05%/yr vs 0.30%/yr for PAEEM.PA.

Performance

SP5.PA vs. PAEEM.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA) and Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc (PAEEM.PA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SP5.PA achieves a 11.76% return, which is significantly lower than PAEEM.PA's 28.82% return.

SP5.PA

• 1D: -0.31%
• 1M: 6.05%
• YTD: 11.76%
• 6M: 11.71%
• 1Y: 25.84%
• 3Y*: 19.29%
• 5Y*: 14.98%
• 10Y*: 15.25%

PAEEM.PA

• 1D: -1.09%
• 1M: 10.37%
• YTD: 28.82%
• 6M: 30.87%
• 1Y: 51.90%
• 3Y*: 21.06%
• 5Y*: 8.58%
• 10Y*: —

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

SP5.PA vs. PAEEM.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SP5.PA Amundi S&P 500 UCITS ETF - Dist EUR	11.76%	4.06%	34.08%	22.28%	-13.91%	40.50%	7.97%	14.05%
PAEEM.PA Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc	28.82%	22.47%	13.05%	3.25%	-15.31%	4.42%	8.27%	11.57%

Correlation

The correlation between SP5.PA and PAEEM.PA is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since May 16, 2019	0.56

The correlation between SP5.PA and PAEEM.PA shifts across timeframes, from 0.48 (3 years) to 0.61 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SP5.PA vs. PAEEM.PA — Risk / Return Rank

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

SP5.PA

SP5.PA Risk / Return Rank: 70
SP5.PA Sharpe Ratio Rank: 68
SP5.PA Sortino Ratio Rank: 67
SP5.PA Omega Ratio Rank: 70
SP5.PA Calmar Ratio Rank: 73
SP5.PA Martin Ratio Rank: 70

PAEEM.PA

PAEEM.PA Risk / Return Rank: 85
PAEEM.PA Sharpe Ratio Rank: 86
PAEEM.PA Sortino Ratio Rank: 85
PAEEM.PA Omega Ratio Rank: 83
PAEEM.PA Calmar Ratio Rank: 86
PAEEM.PA Martin Ratio Rank: 84

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.

SP5.PA vs. PAEEM.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA) and Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc (PAEEM.PA). 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.

	SP5.PA	PAEEM.PA	Difference
Sharpe ratio Return per unit of total volatility	2.23	2.87	-0.63
Sortino ratio Return per unit of downside risk	3.04	3.84	-0.80
Omega ratio Gain probability vs. loss probability	1.42	1.50	-0.08
Calmar ratio Return relative to maximum drawdown	3.60	4.78	-1.18
Martin ratio Return relative to average drawdown	12.88	17.34	-4.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SP5.PA vs. PAEEM.PA - Sharpe Ratio Comparison

The current SP5.PA Sharpe Ratio is 2.23, which is comparable to the PAEEM.PA Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of SP5.PA and PAEEM.PA, 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

	SP5.PA	PAEEM.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	2.87	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.50	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.52	+0.41

Drawdowns

SP5.PA vs. PAEEM.PA - Drawdown Comparison

The maximum SP5.PA drawdown since its inception was -33.67%, which is greater than PAEEM.PA's maximum drawdown of -31.94%. Use the drawdown chart below to compare losses from any high point for SP5.PA and PAEEM.PA.

Drawdown Indicators

	SP5.PA	PAEEM.PA	Difference
Max Drawdown Largest peak-to-trough decline	-33.67%	-31.94%	-1.73%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-10.69%	+3.61%
Max Drawdown (3Y) Largest decline over 3 years	-23.28%	-18.66%	-4.62%
Max Drawdown (5Y) Largest decline over 5 years	-23.28%	-23.63%	+0.35%
Max Drawdown (10Y) Largest decline over 10 years	-33.67%	—	—
Current Drawdown Current decline from peak	-0.31%	-1.09%	+0.78%
Average Drawdown Average peak-to-trough decline	-4.12%	-10.63%	+6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.97%	-0.98%

Volatility

SP5.PA vs. PAEEM.PA - Volatility Comparison

The current volatility for Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA) is 2.68%, while Amundi PEA Emergent (MSCI Emerging) ESG Transition UCITS ETF Acc (PAEEM.PA) has a volatility of 7.52%. This indicates that SP5.PA experiences smaller price fluctuations and is considered to be less risky than PAEEM.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SP5.PA	PAEEM.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	7.52%	-4.84%
Volatility (6M) Calculated over the trailing 6-month period	7.52%	14.96%	-7.44%
Volatility (1Y) Calculated over the trailing 1-year period	11.52%	17.86%	-6.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	16.94%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	19.27%	-3.20%

SP5.PA vs. PAEEM.PA - Expense Ratio Comparison

SP5.PA has a 0.05% expense ratio, which is lower than PAEEM.PA's 0.30% expense ratio.

Dividends

SP5.PA vs. PAEEM.PA - Dividend Comparison

SP5.PA's dividend yield for the trailing twelve months is around 0.89%, while PAEEM.PA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SP5.PA Amundi S&P 500 UCITS ETF - Dist EUR	0.89%	1.00%	1.20%	1.05%	2.12%	1.09%	1.55%	1.64%	1.93%	1.76%	1.89%	2.03%

Frequently Asked Questions

Can I hold both SP5.PA and PAEEM.PA in my portfolio?

SP5.PA and PAEEM.PA have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SP5.PA or PAEEM.PA?

On fees, SP5.PA is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SP5.PA or PAEEM.PA?

SP5.PA is cheaper with a 0.05% expense ratio, compared with 0.30% for PAEEM.PA.

What is the main difference between SP5.PA and PAEEM.PA?

SP5.PA is categorized as S&P 500, while PAEEM.PA is Emerging Markets Equities. SP5.PA tracks S&P 500 Index, while PAEEM.PA tracks MSCI EM ex-Egypt ESG Broad CTB Select Index. Their fees differ too: 0.05% for SP5.PA and 0.30% for PAEEM.PA.