Xtrackers MSCI Emerging Markets vs Amundi Core MSCI Emerging Markets Swap
IE000GWA2J58XtrackersLU2573967036AmundiThe comparison in short
Xtrackers MSCI Emerging Markets (Xtrackers MSCI Emerging Markets UCITS ETF 1D, IE000GWA2J58) and Amundi Core MSCI Emerging Markets Swap (Amundi Core MSCI Emerging Markets Swap UCITS ETF Acc, LU2573967036) both track the MSCI Emerging Markets index. Amundi Core MSCI Emerging Markets Swap has the lower total expense ratio (TER): 0.14% a year against 0.18% for Xtrackers MSCI Emerging Markets, 0.04 percentage points less, or about 4 a year on 10,000 invested. Xtrackers MSCI Emerging Markets is the larger fund, with USD 14.0bn in assets against USD 5.8bn for Amundi Core MSCI Emerging Markets Swap, about 2.4 times the size. Amundi Core MSCI Emerging Markets Swap replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured. In 2025, Xtrackers MSCI Emerging Markets returned +33.7% and Amundi Core MSCI Emerging Markets Swap +33.9%, a gap of 0.2 percentage points. Over 3 years, Xtrackers MSCI Emerging Markets returned +22.1% a year and Amundi Core MSCI Emerging Markets Swap +22.8% a year. Amundi Core MSCI Emerging Markets Swap reinvests its income (accumulating), while Xtrackers MSCI Emerging Markets pays it out (distributing). Xtrackers MSCI Emerging Markets holds the index securities directly (physical replication), while Amundi Core MSCI Emerging Markets Swap replicates its index through a swap (synthetic). Xtrackers MSCI Emerging Markets is domiciled in Ireland and Amundi Core MSCI Emerging Markets Swap in Luxembourg. Xtrackers MSCI Emerging Markets and Amundi Core MSCI Emerging Markets Swap both carry a risk indicator (SRRI) of 4 on the 1–7 scale. This is a factual comparison from the fund houses' documents, not investment advice.
Side by side
| Figure | Xtrackers MSCI Emerging Markets | Amundi Core MSCI Emerging Markets Swap |
|---|---|---|
| ISIN | IE000GWA2J58 | LU2573967036 |
| Fund house | Xtrackers | Amundi |
| Total expense ratio (TER) | 0.18% | 0.14% |
| Ongoing charges (KID) | 0.18% | 0.14% |
| Fund size | USD 14.0bn | USD 5.8bn |
| Launch date | November 3, 2021 | March 24, 2023 |
| Replication | Physical | Synthetic (swap) |
| Domicile | Ireland | Luxembourg |
| Distribution policy | Distributing | Accumulating |
| Share class currency | USD | USD |
| Number of holdings | — | 349 |
| Risk indicator (SRRI) | 4 / 7 | 4 / 7 |
| SFDR classification | — | Article 6 |
| Benchmark | MSCI Total Return Net Emerging Markets Index | MSCI Emerging Markets Net Total Return USD Index |
Performance
Calendar-year returns
| Year | Xtrackers MSCI Emerging Markets | Amundi Core MSCI Emerging Markets Swap | Difference |
|---|---|---|---|
| 2025 | +33.7% | +33.9% | −0.2 |
| 2024 | +7.5% | +7.6% | −0.1 |
Annualised returns
| Period | Xtrackers MSCI Emerging Markets | Amundi Core MSCI Emerging Markets Swap | Difference |
|---|---|---|---|
| 1 year | +16.4% | +18.2% | −1.8 |
| 3 years | +22.1% | +22.8% | −0.7 |
Holdings
Amundi Core MSCI Emerging Markets Swap replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.
Top 10 holdings of Xtrackers MSCI Emerging Markets
| # | Holding | Weight |
|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING | 15.79% |
| 2 | SAMSUNG ELECTRONICS LTD | 6.64% |
| 3 | SK HYNIX | 4.47% |
| 4 | TENCENT HOLDINGS | 2.63% |
| 5 | ALIBABA GROUP HOLDING | 1.83% |
| 6 | MEDIATEK | 1.56% |
| 7 | CHINA CONSTRUCTION BANK CORP H | 0.92% |
| 8 | SAMSUNG ELECTRONICS NON VOTING PRE | 0.89% |
| 9 | DELTA ELECTRONICS | 0.82% |
| 10 | HON HAI PRECISION INDUSTRY | 0.81% |
Top 10 holdings of Amundi Core MSCI Emerging Markets Swap
Amundi Core MSCI Emerging Markets Swap replicates its index through a swap: the securities it publishes are the collateral basket behind the swap, not the index, so they are not compared.| # | Holding | Weight |
|---|---|---|
| 1 | AMAZON.COM INC | 6.28% |
| 2 | ADVANCED MICRO DEVICES | 4.57% |
| 3 | APPLE INC | 4.03% |
| 4 | ALPHABET INC CL C | 3.97% |
| 5 | NVIDIA CORP | 3.96% |
| 6 | APPLIED MATERIALS INC | 3.27% |
| 7 | MICROSOFT CORP | 3.21% |
| 8 | MICRON TECHNOLOGY INC | 2.86% |
| 9 | INTEL CORP | 2.52% |
| 10 | BROADCOM INC | 2.07% |
Sectors and countries
Largest sectors of Xtrackers MSCI Emerging Markets
- 45.0%
- 18.7%
- 7.3%
- 6.7%
- 5.9%
Largest sectors of Amundi Core MSCI Emerging Markets Swap
- 40.7%
- 20.6%
- 7.9%
- 6.1%
- 6.1%
- 6.1%
Largest countries of Xtrackers MSCI Emerging Markets
- 26.6%
- 24.2%
- 18.5%
- 11.3%
- 3.8%
Largest countries of Amundi Core MSCI Emerging Markets Swap
- 28.9%
- 20.4%
- 18.4%
- 11.5%
- 5.0%
- 3.2%
Frequently asked questions
What is the difference between Xtrackers MSCI Emerging Markets and Amundi Core MSCI Emerging Markets Swap?
Xtrackers MSCI Emerging Markets (Xtrackers MSCI Emerging Markets UCITS ETF 1D, IE000GWA2J58) and Amundi Core MSCI Emerging Markets Swap (Amundi Core MSCI Emerging Markets Swap UCITS ETF Acc, LU2573967036) both track the MSCI Emerging Markets index. Amundi Core MSCI Emerging Markets Swap has the lower total expense ratio (TER): 0.14% a year against 0.18% for Xtrackers MSCI Emerging Markets, 0.04 percentage points less, or about 4 a year on 10,000 invested. Amundi Core MSCI Emerging Markets Swap reinvests its income (accumulating), while Xtrackers MSCI Emerging Markets pays it out (distributing). Xtrackers MSCI Emerging Markets holds the index securities directly (physical replication), while Amundi Core MSCI Emerging Markets Swap replicates its index through a swap (synthetic). Xtrackers MSCI Emerging Markets is domiciled in Ireland and Amundi Core MSCI Emerging Markets Swap in Luxembourg. This is a factual comparison from the fund houses' documents, not investment advice.Which is cheaper, Xtrackers MSCI Emerging Markets or Amundi Core MSCI Emerging Markets Swap?
Amundi Core MSCI Emerging Markets Swap has the lower total expense ratio (TER): 0.14% a year against 0.18% for Xtrackers MSCI Emerging Markets, 0.04 percentage points less, or about 4 a year on 10,000 invested. Their key information documents state ongoing charges of 0.18% for Xtrackers MSCI Emerging Markets and 0.14% for Amundi Core MSCI Emerging Markets Swap.Which is bigger, Xtrackers MSCI Emerging Markets or Amundi Core MSCI Emerging Markets Swap?
Xtrackers MSCI Emerging Markets is the larger fund, with USD 14.0bn in assets against USD 5.8bn for Amundi Core MSCI Emerging Markets Swap, about 2.4 times the size.Do Xtrackers MSCI Emerging Markets and Amundi Core MSCI Emerging Markets Swap hold the same companies?
Amundi Core MSCI Emerging Markets Swap replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.How did Xtrackers MSCI Emerging Markets and Amundi Core MSCI Emerging Markets Swap perform in 2025?
In 2025, Xtrackers MSCI Emerging Markets returned +33.7% and Amundi Core MSCI Emerging Markets Swap +33.9%, a gap of 0.2 percentage points. Over 3 years, Xtrackers MSCI Emerging Markets returned +22.1% a year and Amundi Core MSCI Emerging Markets Swap +22.8% a year. Over the past year, Xtrackers MSCI Emerging Markets returned +16.4% and Amundi Core MSCI Emerging Markets Swap +18.2%. Past performance does not predict future returns.Are Xtrackers MSCI Emerging Markets and Amundi Core MSCI Emerging Markets Swap accumulating or distributing?
Xtrackers MSCI Emerging Markets is distributing: it pays its income out to investors. Amundi Core MSCI Emerging Markets Swap is accumulating: it reinvests its income in the fund.Go further
- Xtrackers MSCI Emerging Markets (Xtrackers MSCI Emerging Markets UCITS ETF 1D): full fund page
- Amundi Core MSCI Emerging Markets Swap (Amundi Core MSCI Emerging Markets Swap UCITS ETF Acc): full fund page
- All funds tracking MSCI Emerging Markets
- Compare the largest holdings of Xtrackers MSCI Emerging Markets and Amundi Core MSCI Emerging Markets Swap in the overlap checker
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