XEMD.DE vs. AMEM.DE
XEMD.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1D) and AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) are both Emerging Markets Equities funds - XEMD.DE tracks the MSCI EM NR USD while AMEM.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, XEMD.DE returned 21.55%/yr vs 21.87%/yr for AMEM.DE. With a 0.99 correlation, they move nearly in lockstep. XEMD.DE charges 0.18%/yr vs 0.20%/yr for AMEM.DE.
Performance
XEMD.DE vs. AMEM.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XEMD.DE having a 28.81% return and AMEM.DE slightly higher at 28.83%.
XEMD.DE
- 1D
- 0.00%
- 1M
- 1.80%
- YTD
- 28.81%
- 6M
- 30.06%
- 1Y
- 47.33%
- 3Y*
- 21.55%
- 5Y*
- —
- 10Y*
- —
AMEM.DE
- 1D
- 0.76%
- 1M
- 2.33%
- YTD
- 28.83%
- 6M
- 30.74%
- 1Y
- 48.13%
- 3Y*
- 21.87%
- 5Y*
- 8.34%
- 10Y*
- 10.22%
XEMD.DE vs. AMEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XEMD.DE Xtrackers MSCI Emerging Markets UCITS ETF 1D | 28.81% | 18.67% | 13.85% | 5.68% | -14.85% | -1.58% |
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 28.83% | 19.22% | 13.69% | 5.35% | -13.83% | -1.77% |
Correlation
The correlation between XEMD.DE and AMEM.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.99 |
The correlation between XEMD.DE and AMEM.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
XEMD.DE vs. AMEM.DE — Risk / Return Rank
XEMD.DE
AMEM.DE
XEMD.DE vs. AMEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.DE) and Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.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.
| XEMD.DE | AMEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.46 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.44 | 4.51 | -0.07 |
| Martin ratioReturn relative to average drawdown | 15.41 | 15.41 | 0.00 |
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Drawdowns
XEMD.DE vs. AMEM.DE - Drawdown Comparison
The maximum XEMD.DE drawdown since its inception was -23.50%, smaller than the maximum AMEM.DE drawdown of -35.91%. Use the drawdown chart below to compare losses from any high point for XEMD.DE and AMEM.DE.
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Drawdown Indicators
| XEMD.DE | AMEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.50% | -35.91% | +12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -10.62% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -19.20% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.83% | — |
Current DrawdownCurrent decline from peak | -4.55% | -3.89% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -10.20% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.11% | -0.03% |
Volatility
XEMD.DE vs. AMEM.DE - Volatility Comparison
Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.DE) and Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) have volatilities of 8.80% and 8.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEMD.DE | AMEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 8.77% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 16.74% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.33% | 19.05% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 17.08% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 18.42% | -1.35% |
XEMD.DE vs. AMEM.DE - Expense Ratio Comparison
XEMD.DE has a 0.18% expense ratio, which is lower than AMEM.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XEMD.DE vs. AMEM.DE - Dividend Comparison
XEMD.DE's dividend yield for the trailing twelve months is around 1.54%, while AMEM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEMD.DE Xtrackers MSCI Emerging Markets UCITS ETF 1D | 1.54% | 1.92% | 3.01% | 2.38% | 2.66% |
Frequently Asked Questions
With a correlation of 0.98, XEMD.DE and AMEM.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, XEMD.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEMD.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for AMEM.DE.
XEMD.DE tracks MSCI EM NR USD, while AMEM.DE tracks MSCI Emerging Markets. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.18% for XEMD.DE and 0.20% for AMEM.DE.
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