540J.DE vs. 18M2.DE
540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds from Amundi - 540J.DE tracks the MSCI Switzerland while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 10 years, 540J.DE returned 8.74%/yr vs 8.26%/yr for 18M2.DE. A 0.63 correlation means they provide meaningful diversification when combined. 540J.DE charges 0.25%/yr vs 0.30%/yr for 18M2.DE.
Performance
540J.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 540J.DE achieves a 4.11% return, which is significantly lower than 18M2.DE's 6.76% return. Over the past 10 years, 540J.DE has outperformed 18M2.DE with an annualized return of 8.74%, while 18M2.DE has yielded a comparatively lower 8.26% annualized return.
540J.DE
- 1D
- 1.16%
- 1M
- 0.54%
- YTD
- 4.11%
- 6M
- 7.57%
- 1Y
- 13.06%
- 3Y*
- 8.94%
- 5Y*
- 7.71%
- 10Y*
- 8.74%
18M2.DE
- 1D
- 0.32%
- 1M
- -0.40%
- YTD
- 6.76%
- 6M
- 8.83%
- 1Y
- 15.64%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
540J.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 4.11% | 18.35% | 3.72% | 10.70% | -12.88% | 29.27% | 1.18% | 35.15% | -4.77% | 7.46% |
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% |
Correlation
The correlation between 540J.DE and 18M2.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 | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010 | 0.63 |
The correlation between 540J.DE and 18M2.DE has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
540J.DE vs. 18M2.DE — Risk / Return Rank
540J.DE
18M2.DE
540J.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| 540J.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 2.55 | -1.44 |
| Martin ratioReturn relative to average drawdown | 3.60 | 6.71 | -3.11 |
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
| 540J.DE | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.49 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.66 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.53 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.44 | +0.19 |
Drawdowns
540J.DE vs. 18M2.DE - Drawdown Comparison
The maximum 540J.DE drawdown since its inception was -25.99%, smaller than the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for 540J.DE and 18M2.DE.
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Drawdown Indicators
| 540J.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.99% | -37.06% | +11.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -6.19% | -5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -15.76% | -14.68% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | -20.81% | +3.17% |
Max Drawdown (10Y)Largest decline over 10 years | -25.99% | -37.06% | +11.07% |
Current DrawdownCurrent decline from peak | -3.33% | -1.44% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -6.42% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 2.36% | +1.16% |
Volatility
540J.DE vs. 18M2.DE - Volatility Comparison
Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) has a higher volatility of 4.33% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that 540J.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 540J.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 2.63% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 8.33% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 10.62% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 13.41% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 15.44% | -1.41% |
540J.DE vs. 18M2.DE - Expense Ratio Comparison
540J.DE has a 0.25% expense ratio, which is lower than 18M2.DE's 0.30% expense ratio.
Dividends
540J.DE vs. 18M2.DE - Dividend Comparison
Neither 540J.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
540J.DE and 18M2.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, 540J.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
540J.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for 18M2.DE.
540J.DE tracks MSCI Switzerland, while 18M2.DE tracks MSCI EMU High Dividend Yield. Their fees differ too: 0.25% for 540J.DE and 0.30% for 18M2.DE.
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