18M2.DE vs. OM3X.DE
18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) and OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) are both Europe Equities funds - 18M2.DE tracks the MSCI EMU High Dividend Yield while OM3X.DE tracks the OMX Stockholm Benchmark Cap. Both are passively managed. Over the past 5 years, 18M2.DE returned 8.90%/yr vs 5.57%/yr for OM3X.DE. A 0.73 correlation means they provide meaningful diversification when combined. 18M2.DE charges 0.30%/yr vs 0.10%/yr for OM3X.DE.
Performance
18M2.DE vs. OM3X.DE - Performance Comparison
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Different Trading Currencies
18M2.DE is traded in EUR, while OM3X.DE is traded in SEK. To make them comparable, the OM3X.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 18M2.DE achieves a 6.76% return, which is significantly lower than OM3X.DE's 8.82% return.
18M2.DE
- 1D
- 0.32%
- 1M
- 1.10%
- YTD
- 6.76%
- 6M
- 8.84%
- 1Y
- 15.86%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
OM3X.DE
- 1D
- 0.88%
- 1M
- 2.47%
- YTD
- 8.82%
- 6M
- 12.81%
- 1Y
- 22.76%
- 3Y*
- 14.70%
- 5Y*
- 5.57%
- 10Y*
- —
18M2.DE vs. OM3X.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 | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 8.82% | 20.69% | 4.63% | 17.40% | -26.23% | 33.62% | 16.41% | 29.75% | -8.57% | 7.11% |
Correlation
The correlation between 18M2.DE and OM3X.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2016 | 0.73 |
The correlation between 18M2.DE and OM3X.DE has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
18M2.DE vs. OM3X.DE — Risk / Return Rank
18M2.DE
OM3X.DE
18M2.DE vs. OM3X.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 iShares OMX Stockholm Capped UCITS ETF (OM3X.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.
| 18M2.DE | OM3X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.85 | +0.70 |
| Martin ratioReturn relative to average drawdown | 6.71 | 6.61 | +0.10 |
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
| 18M2.DE | OM3X.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.28 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.27 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.47 | -0.03 |
Drawdowns
18M2.DE vs. OM3X.DE - Drawdown Comparison
The maximum 18M2.DE drawdown since its inception was -37.06%, roughly equal to the maximum OM3X.DE drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for 18M2.DE and OM3X.DE.
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Drawdown Indicators
| 18M2.DE | OM3X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -36.07% | -0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -12.23% | +6.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -19.52% | +4.84% |
Max Drawdown (5Y)Largest decline over 5 years | -20.81% | -34.97% | +14.16% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | — | — |
Current DrawdownCurrent decline from peak | -1.44% | -1.91% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -9.03% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 3.43% | -1.07% |
Volatility
18M2.DE vs. OM3X.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) is 2.63%, while iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) has a volatility of 5.67%. This indicates that 18M2.DE experiences smaller price fluctuations and is considered to be less risky than OM3X.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 | OM3X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 5.67% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 14.49% | -6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 17.70% | -7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 20.48% | -7.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 20.18% | -4.74% |
18M2.DE vs. OM3X.DE - Expense Ratio Comparison
18M2.DE has a 0.30% expense ratio, which is higher than OM3X.DE's 0.10% expense ratio.
Dividends
18M2.DE vs. OM3X.DE - Dividend Comparison
Neither 18M2.DE nor OM3X.DE has paid dividends to shareholders.
Frequently Asked Questions
18M2.DE and OM3X.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OM3X.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3X.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for 18M2.DE.
18M2.DE tracks MSCI EMU High Dividend Yield, while OM3X.DE tracks OMX Stockholm Benchmark Cap. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.30% for 18M2.DE and 0.10% for OM3X.DE.
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