18M2.DE vs. XZEU.DE
18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) and XZEU.DE (Xtrackers MSCI Europe ESG UCITS ETF 1C) are both Europe Equities funds - 18M2.DE tracks the MSCI EMU High Dividend Yield while XZEU.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, 18M2.DE returned 8.90%/yr vs 7.48%/yr for XZEU.DE. Their correlation of 0.82 suggests significant overlap in exposure. 18M2.DE charges 0.30%/yr vs 0.20%/yr for XZEU.DE.
Performance
18M2.DE vs. XZEU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 18M2.DE achieves a 6.76% return, which is significantly higher than XZEU.DE's 5.81% 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%
XZEU.DE
- 1D
- 0.87%
- 1M
- 4.95%
- YTD
- 5.81%
- 6M
- 8.16%
- 1Y
- 6.05%
- 3Y*
- 10.08%
- 5Y*
- 7.48%
- 10Y*
- —
18M2.DE vs. XZEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -10.44% |
XZEU.DE Xtrackers MSCI Europe ESG UCITS ETF 1C | 5.81% | 8.12% | 11.56% | 16.38% | -13.12% | 25.64% | 0.09% | 29.10% | -11.34% |
Correlation
The correlation between 18M2.DE and XZEU.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 14, 2018 | 0.82 |
The correlation between 18M2.DE and XZEU.DE shifts across timeframes, from 0.71 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
18M2.DE vs. XZEU.DE — Risk / Return Rank
18M2.DE
XZEU.DE
18M2.DE vs. XZEU.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 Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.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 | XZEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.09 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 0.58 | +1.97 |
| Martin ratioReturn relative to average drawdown | 6.71 | 1.87 | +4.84 |
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 | XZEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.44 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.51 | +0.15 |
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 | 0.50 | -0.06 |
Drawdowns
18M2.DE vs. XZEU.DE - Drawdown Comparison
The maximum 18M2.DE drawdown since its inception was -37.06%, which is greater than XZEU.DE's maximum drawdown of -33.18%. Use the drawdown chart below to compare losses from any high point for 18M2.DE and XZEU.DE.
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Drawdown Indicators
| 18M2.DE | XZEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -33.18% | -3.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -10.33% | +4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -16.97% | +2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -20.81% | -22.04% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | — | — |
Current DrawdownCurrent decline from peak | -1.44% | -0.84% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -5.18% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 3.23% | -0.87% |
Volatility
18M2.DE vs. XZEU.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) is 2.63%, while Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.DE) has a volatility of 4.45%. This indicates that 18M2.DE experiences smaller price fluctuations and is considered to be less risky than XZEU.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 | XZEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 4.45% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 11.25% | -2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 13.62% | -3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 14.60% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 15.96% | -0.52% |
18M2.DE vs. XZEU.DE - Expense Ratio Comparison
18M2.DE has a 0.30% expense ratio, which is higher than XZEU.DE's 0.20% expense ratio.
Dividends
18M2.DE vs. XZEU.DE - Dividend Comparison
Neither 18M2.DE nor XZEU.DE has paid dividends to shareholders.
Frequently Asked Questions
18M2.DE and XZEU.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZEU.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEU.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for 18M2.DE.
18M2.DE tracks MSCI EMU High Dividend Yield, while XZEU.DE tracks MSCI Europe NR EUR. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.30% for 18M2.DE and 0.20% for XZEU.DE.
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