540J.DE vs. S6X0.DE
540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) and S6X0.DE (Invesco EURO STOXX 50 UCITS ETF Dist) are both Europe Equities funds - 540J.DE tracks the MSCI Switzerland while S6X0.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 10 years, 540J.DE returned 8.74%/yr vs 10.39%/yr for S6X0.DE. At a 0.44 correlation, their price movements are largely independent. 540J.DE charges 0.25%/yr vs 0.05%/yr for S6X0.DE.
Performance
540J.DE vs. S6X0.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 S6X0.DE's 7.30% return. Over the past 10 years, 540J.DE has underperformed S6X0.DE with an annualized return of 8.74%, while S6X0.DE has yielded a comparatively higher 10.39% 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%
S6X0.DE
- 1D
- 0.75%
- 1M
- 1.98%
- YTD
- 7.30%
- 6M
- 8.70%
- 1Y
- 15.59%
- 3Y*
- 15.53%
- 5Y*
- 11.36%
- 10Y*
- 10.39%
540J.DE vs. S6X0.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% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 7.30% | 22.02% | 10.94% | 22.42% | -8.98% | 23.10% | -3.21% | 30.30% | -13.84% | 12.57% |
Correlation
The correlation between 540J.DE and S6X0.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010 | 0.44 |
Over the past year, 540J.DE and S6X0.DE have become more correlated (0.67) than their long-term average of 0.44, meaning their price movements have been converging.
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Return for Risk
540J.DE vs. S6X0.DE — Risk / Return Rank
540J.DE
S6X0.DE
540J.DE vs. S6X0.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 Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.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 | S6X0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.44 | -0.32 |
| Martin ratioReturn relative to average drawdown | 3.60 | 4.89 | -1.28 |
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 | S6X0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.98 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.65 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.63 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.51 | +0.13 |
Drawdowns
540J.DE vs. S6X0.DE - Drawdown Comparison
The maximum 540J.DE drawdown since its inception was -25.99%, smaller than the maximum S6X0.DE drawdown of -38.54%. Use the drawdown chart below to compare losses from any high point for 540J.DE and S6X0.DE.
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Drawdown Indicators
| 540J.DE | S6X0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.99% | -38.54% | +12.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -10.88% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -15.76% | -16.56% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | -23.41% | +5.77% |
Max Drawdown (10Y)Largest decline over 10 years | -25.99% | -38.54% | +12.55% |
Current DrawdownCurrent decline from peak | -3.33% | -0.51% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -6.82% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.21% | +0.31% |
Volatility
540J.DE vs. S6X0.DE - Volatility Comparison
The current volatility for Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) is 4.33%, while Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.DE) has a volatility of 4.96%. This indicates that 540J.DE experiences smaller price fluctuations and is considered to be less risky than S6X0.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 | S6X0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.96% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 12.92% | -2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 15.93% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 17.56% | -4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 20.60% | -6.57% |
540J.DE vs. S6X0.DE - Expense Ratio Comparison
540J.DE has a 0.25% expense ratio, which is higher than S6X0.DE's 0.05% 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. S6X0.DE - Dividend Comparison
540J.DE has not paid dividends to shareholders, while S6X0.DE's dividend yield for the trailing twelve months is around 2.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 2.78% | 2.99% | 3.38% | 3.17% | 3.10% | 2.47% | 2.53% | 3.48% | 3.69% | 2.92% | 3.18% | 3.05% |
Frequently Asked Questions
540J.DE and S6X0.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, S6X0.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S6X0.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for 540J.DE.
540J.DE tracks MSCI Switzerland, while S6X0.DE tracks EURO STOXX 50. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.25% for 540J.DE and 0.05% for S6X0.DE.
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