18M2.DE vs. AMES.DE
18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds from Amundi - 18M2.DE tracks the MSCI EMU High Dividend Yield while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, 18M2.DE returned 9.74%/yr vs 13.44%/yr for AMES.DE. A 0.80 correlation means they provide meaningful diversification when combined. 18M2.DE charges 0.30%/yr vs 0.25%/yr for AMES.DE.
Performance
18M2.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 18M2.DE achieves a 9.78% return, which is significantly lower than AMES.DE's 14.53% return. Over the past 10 years, 18M2.DE has underperformed AMES.DE with an annualized return of 9.74%, while AMES.DE has yielded a comparatively higher 13.44% annualized return.
18M2.DE
- 1D
- 0.58%
- 1M
- 1.74%
- YTD
- 9.78%
- 6M
- 10.49%
- 1Y
- 22.11%
- 3Y*
- 13.49%
- 5Y*
- 9.48%
- 10Y*
- 9.74%
AMES.DE
- 1D
- 0.72%
- 1M
- 7.06%
- YTD
- 14.53%
- 6M
- 15.44%
- 1Y
- 46.37%
- 3Y*
- 32.90%
- 5Y*
- 20.69%
- 10Y*
- 13.44%
18M2.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 9.78% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 14.53% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 15.76% | -12.77% | 11.84% |
Correlation
The correlation between 18M2.DE and AMES.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011 | 0.80 |
The correlation between 18M2.DE and AMES.DE has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
18M2.DE vs. AMES.DE — Risk / Return Rank
18M2.DE
AMES.DE
18M2.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) and Amundi ETF MSCI Spain UCITS ETF EUR (AMES.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.
| 18M2.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.50 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 4.64 | -1.08 |
| Martin ratioReturn relative to average drawdown | 9.52 | 16.40 | -6.88 |
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Drawdowns
18M2.DE vs. AMES.DE - Drawdown Comparison
The maximum 18M2.DE drawdown since its inception was -37.06%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for 18M2.DE and AMES.DE.
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Drawdown Indicators
| 18M2.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -40.98% | +3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -9.95% | +3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -12.58% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -20.81% | -17.77% | -3.04% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -40.98% | +3.92% |
Current DrawdownCurrent decline from peak | -0.14% | -0.10% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -10.09% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.82% | -0.50% |
Volatility
18M2.DE vs. AMES.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) is 2.15%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.04%. This indicates that 18M2.DE experiences smaller price fluctuations and is considered to be less risky than AMES.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 18M2.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 4.04% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 13.99% | -5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 16.47% | -5.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.42% | 16.97% | -3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 18.42% | -3.25% |
18M2.DE vs. AMES.DE - Expense Ratio Comparison
18M2.DE has a 0.30% expense ratio, which is higher than AMES.DE's 0.25% expense ratio.
Dividends
18M2.DE vs. AMES.DE - Dividend Comparison
Neither 18M2.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
18M2.DE and AMES.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMES.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for 18M2.DE.
18M2.DE tracks MSCI EMU High Dividend Yield, while AMES.DE tracks MSCI Spain. Their fees differ too: 0.30% for 18M2.DE and 0.25% for AMES.DE.
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