540J.DE vs. D5BL.DE
540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) and D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) are both Europe Equities funds - 540J.DE tracks the MSCI Switzerland while D5BL.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, 540J.DE returned 8.74%/yr vs 10.77%/yr for D5BL.DE. A 0.65 correlation means they provide meaningful diversification when combined. 540J.DE charges 0.25%/yr vs 0.15%/yr for D5BL.DE.
Performance
540J.DE vs. D5BL.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 D5BL.DE's 13.85% return. Over the past 10 years, 540J.DE has underperformed D5BL.DE with an annualized return of 8.74%, while D5BL.DE has yielded a comparatively higher 10.77% 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%
D5BL.DE
- 1D
- -0.38%
- 1M
- 2.55%
- YTD
- 13.85%
- 6M
- 17.04%
- 1Y
- 32.33%
- 3Y*
- 21.76%
- 5Y*
- 14.60%
- 10Y*
- 10.77%
540J.DE vs. D5BL.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% |
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF | 13.85% | 35.78% | 10.37% | 14.14% | -4.63% | 26.83% | -8.58% | 22.90% | -13.98% | 9.78% |
Correlation
The correlation between 540J.DE and D5BL.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 | 0.62 |
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 May 20, 2010 | 0.65 |
The correlation between 540J.DE and D5BL.DE has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.
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Return for Risk
540J.DE vs. D5BL.DE — Risk / Return Rank
540J.DE
D5BL.DE
540J.DE vs. D5BL.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 Xtrackers MSCI Europe Value UCITS ETF (D5BL.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 | D5BL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.28 | -2.17 |
| Martin ratioReturn relative to average drawdown | 3.60 | 12.52 | -8.91 |
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 | D5BL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 2.28 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.93 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.60 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.48 | +0.15 |
Drawdowns
540J.DE vs. D5BL.DE - Drawdown Comparison
The maximum 540J.DE drawdown since its inception was -25.99%, smaller than the maximum D5BL.DE drawdown of -40.40%. Use the drawdown chart below to compare losses from any high point for 540J.DE and D5BL.DE.
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Drawdown Indicators
| 540J.DE | D5BL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.99% | -40.40% | +14.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -10.02% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.76% | -17.36% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | -19.58% | +1.94% |
Max Drawdown (10Y)Largest decline over 10 years | -25.99% | -40.40% | +14.41% |
Current DrawdownCurrent decline from peak | -3.33% | -1.22% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -7.23% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 2.63% | +0.89% |
Volatility
540J.DE vs. D5BL.DE - Volatility Comparison
The current volatility for Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) is 4.33%, while Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) has a volatility of 4.83%. This indicates that 540J.DE experiences smaller price fluctuations and is considered to be less risky than D5BL.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 | D5BL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.83% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 11.54% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 14.44% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 15.59% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 17.76% | -3.73% |
540J.DE vs. D5BL.DE - Expense Ratio Comparison
540J.DE has a 0.25% expense ratio, which is higher than D5BL.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
540J.DE vs. D5BL.DE - Dividend Comparison
Neither 540J.DE nor D5BL.DE has paid dividends to shareholders.
Frequently Asked Questions
540J.DE and D5BL.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, D5BL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BL.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for 540J.DE.
540J.DE tracks MSCI Switzerland, while D5BL.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.25% for 540J.DE and 0.15% for D5BL.DE.
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