XZEM.DE vs. AE5A.DE
XZEM.DE (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) and AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) are both Emerging Markets Equities funds - XZEM.DE tracks the MSCI Emerging Markets Low Carbon SRI Leaders while AE5A.DE tracks the MSCI Emerging Markets Index. Both are passively managed. Over the past 5 years, XZEM.DE returned 3.14%/yr vs 8.49%/yr for AE5A.DE. Their correlation of 0.93 suggests significant overlap in exposure. XZEM.DE charges 0.25%/yr vs 0.14%/yr for AE5A.DE.
Performance
XZEM.DE vs. AE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEM.DE achieves a 11.70% return, which is significantly lower than AE5A.DE's 27.41% return.
XZEM.DE
- 1D
- -1.27%
- 1M
- 1.22%
- YTD
- 11.70%
- 6M
- 11.70%
- 1Y
- 27.23%
- 3Y*
- 14.21%
- 5Y*
- 3.14%
- 10Y*
- —
AE5A.DE
- 1D
- -1.54%
- 1M
- 6.05%
- YTD
- 27.41%
- 6M
- 29.44%
- 1Y
- 49.88%
- 3Y*
- 20.90%
- 5Y*
- 8.49%
- 10Y*
- 9.98%
XZEM.DE vs. AE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XZEM.DE Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C | 11.70% | 16.53% | 16.91% | 0.19% | -14.31% | -4.19% | 6.11% | 9.91% |
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 27.41% | 19.26% | 14.36% | 5.58% | -14.19% | 4.19% | 7.49% | 8.91% |
Correlation
The correlation between XZEM.DE and AE5A.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2019 | 0.93 |
The correlation between XZEM.DE and AE5A.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
XZEM.DE vs. AE5A.DE — Risk / Return Rank
XZEM.DE
AE5A.DE
XZEM.DE vs. AE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) and Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.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.
| XZEM.DE | AE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.50 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 4.80 | -2.23 |
| Martin ratioReturn relative to average drawdown | 8.36 | 17.35 | -9.00 |
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
| XZEM.DE | AE5A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 2.79 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.51 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.42 | -0.14 |
Drawdowns
XZEM.DE vs. AE5A.DE - Drawdown Comparison
The maximum XZEM.DE drawdown since its inception was -37.16%, roughly equal to the maximum AE5A.DE drawdown of -36.16%. Use the drawdown chart below to compare losses from any high point for XZEM.DE and AE5A.DE.
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Drawdown Indicators
| XZEM.DE | AE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -36.16% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -10.34% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -19.22% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -23.47% | -9.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.24% | — |
Current DrawdownCurrent decline from peak | -3.21% | -2.56% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -16.68% | -9.72% | -6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.87% | +0.38% |
Volatility
XZEM.DE vs. AE5A.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) is 5.92%, while Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) has a volatility of 7.32%. This indicates that XZEM.DE experiences smaller price fluctuations and is considered to be less risky than AE5A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZEM.DE | AE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 7.32% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 14.97% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 17.82% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 17.23% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 19.05% | +1.67% |
XZEM.DE vs. AE5A.DE - Expense Ratio Comparison
XZEM.DE has a 0.25% expense ratio, which is higher than AE5A.DE's 0.14% 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
XZEM.DE vs. AE5A.DE - Dividend Comparison
XZEM.DE has not paid dividends to shareholders, while AE5A.DE's dividend yield for the trailing twelve months is around 1.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 1.69% | 2.15% | 3.38% | 3.80% | 2.44% | 1.62% | 1.71% | 2.01% | 2.17% |
XZEM.DE Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, XZEM.DE and AE5A.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, AE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.25% for XZEM.DE.
XZEM.DE tracks MSCI Emerging Markets Low Carbon SRI Leaders, while AE5A.DE tracks MSCI Emerging Markets Index. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XZEM.DE and 0.14% for AE5A.DE.
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