540J.DE vs. XESC.DE
540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) and XESC.DE (Xtrackers EURO STOXX 50 UCITS ETF 1C) are both Europe Equities funds - 540J.DE tracks the MSCI Switzerland while XESC.DE tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, 540J.DE returned 8.74%/yr vs 10.49%/yr for XESC.DE. A 0.67 correlation means they provide meaningful diversification when combined. 540J.DE charges 0.25%/yr vs 0.09%/yr for XESC.DE.
Performance
540J.DE vs. XESC.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 XESC.DE's 7.20% return. Over the past 10 years, 540J.DE has underperformed XESC.DE with an annualized return of 8.74%, while XESC.DE has yielded a comparatively higher 10.49% 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%
XESC.DE
- 1D
- 0.76%
- 1M
- 1.88%
- YTD
- 7.20%
- 6M
- 8.62%
- 1Y
- 15.73%
- 3Y*
- 15.59%
- 5Y*
- 11.50%
- 10Y*
- 10.49%
540J.DE vs. XESC.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% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 7.20% | 22.24% | 11.06% | 22.50% | -8.87% | 23.54% | -2.88% | 30.09% | -12.09% | 10.25% |
Correlation
The correlation between 540J.DE and XESC.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 | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010 | 0.67 |
The correlation between 540J.DE and XESC.DE has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
540J.DE vs. XESC.DE — Risk / Return Rank
540J.DE
XESC.DE
540J.DE vs. XESC.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 EURO STOXX 50 UCITS ETF 1C (XESC.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 | XESC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.45 | -0.33 |
| Martin ratioReturn relative to average drawdown | 3.60 | 4.94 | -1.33 |
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 | XESC.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 | 0.57 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.32 | +0.31 |
Drawdowns
540J.DE vs. XESC.DE - Drawdown Comparison
The maximum 540J.DE drawdown since its inception was -25.99%, smaller than the maximum XESC.DE drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for 540J.DE and XESC.DE.
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Drawdown Indicators
| 540J.DE | XESC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.99% | -45.38% | +19.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -10.88% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -15.76% | -16.53% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | -23.33% | +5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -25.99% | -38.51% | +12.52% |
Current DrawdownCurrent decline from peak | -3.33% | -0.53% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -8.39% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.19% | +0.33% |
Volatility
540J.DE vs. XESC.DE - Volatility Comparison
The current volatility for Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) is 4.33%, while Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE) has a volatility of 4.90%. This indicates that 540J.DE experiences smaller price fluctuations and is considered to be less risky than XESC.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 | XESC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.90% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 13.02% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 16.01% | -2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 17.54% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 18.27% | -4.24% |
540J.DE vs. XESC.DE - Expense Ratio Comparison
540J.DE has a 0.25% expense ratio, which is higher than XESC.DE's 0.09% 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. XESC.DE - Dividend Comparison
Neither 540J.DE nor XESC.DE has paid dividends to shareholders.
| 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% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.19% |
Frequently Asked Questions
540J.DE and XESC.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, XESC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESC.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for 540J.DE.
540J.DE tracks MSCI Switzerland, while XESC.DE tracks MSCI EMU NR EUR. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.25% for 540J.DE and 0.09% for XESC.DE.
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