V3MA.DE vs. EDM2.DE
V3MA.DE (Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating) and EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - V3MA.DE tracks the FTSE Emerging All Cap Choice while EDM2.DE tracks the MSCI Emerging Markets ESG Enhanced Focus. Both are passively managed. Over the past year, V3MA.DE returned 31.20% vs 47.21% for EDM2.DE. Their correlation of 0.91 suggests significant overlap in exposure. V3MA.DE charges 0.24%/yr vs 0.18%/yr for EDM2.DE.
Performance
V3MA.DE vs. EDM2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, V3MA.DE achieves a 16.20% return, which is significantly lower than EDM2.DE's 26.35% return.
V3MA.DE
- 1D
- -0.58%
- 1M
- 3.08%
- YTD
- 16.20%
- 6M
- 17.26%
- 1Y
- 31.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EDM2.DE
- 1D
- -1.45%
- 1M
- 6.14%
- YTD
- 26.35%
- 6M
- 28.13%
- 1Y
- 47.21%
- 3Y*
- 20.29%
- 5Y*
- 7.59%
- 10Y*
- —
V3MA.DE vs. EDM2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
V3MA.DE Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating | 16.20% | 10.67% | 1.36% |
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 26.35% | 19.81% | -0.22% |
Correlation
The correlation between V3MA.DE and EDM2.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024 | 0.91 |
The correlation between V3MA.DE and EDM2.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
V3MA.DE vs. EDM2.DE — Risk / Return Rank
V3MA.DE
EDM2.DE
V3MA.DE vs. EDM2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) and iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.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.
| V3MA.DE | EDM2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.48 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 4.32 | -0.87 |
| Martin ratioReturn relative to average drawdown | 11.63 | 15.65 | -4.02 |
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
| V3MA.DE | EDM2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.63 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.49 | +0.63 |
Drawdowns
V3MA.DE vs. EDM2.DE - Drawdown Comparison
The maximum V3MA.DE drawdown since its inception was -19.79%, smaller than the maximum EDM2.DE drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for V3MA.DE and EDM2.DE.
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Drawdown Indicators
| V3MA.DE | EDM2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -32.32% | +12.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -10.88% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Current DrawdownCurrent decline from peak | -1.50% | -2.66% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -11.10% | +7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 3.01% | -0.33% |
Volatility
V3MA.DE vs. EDM2.DE - Volatility Comparison
The current volatility for Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) is 5.43%, while iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) has a volatility of 7.43%. This indicates that V3MA.DE experiences smaller price fluctuations and is considered to be less risky than EDM2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3MA.DE | EDM2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 7.43% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 15.11% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 17.92% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 16.83% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 19.13% | -2.30% |
V3MA.DE vs. EDM2.DE - Expense Ratio Comparison
V3MA.DE has a 0.24% expense ratio, which is higher than EDM2.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
V3MA.DE vs. EDM2.DE - Dividend Comparison
Neither V3MA.DE nor EDM2.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, V3MA.DE and EDM2.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EDM2.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDM2.DE is cheaper with a 0.18% expense ratio, compared with 0.24% for V3MA.DE.
V3MA.DE tracks FTSE Emerging All Cap Choice, while EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for V3MA.DE and 0.18% for EDM2.DE.
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