AE50.DE vs. SPYG
AE50.DE (Amundi ETF STOXX Europe 50 UCITS ETF EUR) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - AE50.DE is a Europe Equities fund tracking the STOXX® Europe 50, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, AE50.DE returned 10.59%/yr vs 17.87%/yr for SPYG. At a 0.42 correlation, their price movements are largely independent. AE50.DE charges 0.15%/yr vs 0.04%/yr for SPYG.
Performance
AE50.DE vs. SPYG - Performance Comparison
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Different Trading Currencies
AE50.DE is traded in EUR, while SPYG is traded in USD. To make them comparable, the SPYG values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, AE50.DE achieves a 11.24% return, which is significantly lower than SPYG's 12.19% return. Over the past 10 years, AE50.DE has underperformed SPYG with an annualized return of 10.59%, while SPYG has yielded a comparatively higher 17.87% annualized return.
AE50.DE
- 1D
- 0.71%
- 1M
- 3.13%
- YTD
- 11.24%
- 6M
- 11.92%
- 1Y
- 24.57%
- 3Y*
- 13.99%
- 5Y*
- 11.73%
- 10Y*
- 10.59%
SPYG
- 1D
- -0.01%
- 1M
- -1.16%
- YTD
- 12.19%
- 6M
- 10.92%
- 1Y
- 27.58%
- 3Y*
- 24.06%
- 5Y*
- 15.20%
- 10Y*
- 17.87%
AE50.DE vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AE50.DE Amundi ETF STOXX Europe 50 UCITS ETF EUR | 11.24% | 18.08% | 7.63% | 14.90% | -1.62% | 26.03% | -6.38% | 28.61% | -10.46% | 9.34% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 12.19% | 7.60% | 44.97% | 26.13% | -25.04% | 41.89% | 22.46% | 33.80% | 4.57% | 11.60% |
Correlation
The correlation between AE50.DE and SPYG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2014 | 0.42 |
The correlation between AE50.DE and SPYG shifts across timeframes, from 0.30 (3 years) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AE50.DE vs. SPYG — Risk / Return Rank
AE50.DE
SPYG
AE50.DE vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF STOXX Europe 50 UCITS ETF EUR (AE50.DE) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AE50.DE | SPYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.18 | +0.38 |
| Martin ratioReturn relative to average drawdown | 9.38 | 7.48 | +1.91 |
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Drawdowns
AE50.DE vs. SPYG - Drawdown Comparison
The maximum AE50.DE drawdown since its inception was -32.20%, smaller than the maximum SPYG drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for AE50.DE and SPYG.
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Drawdown Indicators
| AE50.DE | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.20% | -45.25% | +13.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -12.70% | +3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -27.05% | +9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | -27.05% | +9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -32.20% | -30.75% | -1.45% |
Current DrawdownCurrent decline from peak | 0.00% | -3.42% | +3.42% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -7.59% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 3.70% | -1.09% |
Volatility
AE50.DE vs. SPYG - Volatility Comparison
The current volatility for Amundi ETF STOXX Europe 50 UCITS ETF EUR (AE50.DE) is 2.91%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 6.35%. This indicates that AE50.DE experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AE50.DE | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 6.35% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.98% | 12.77% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 17.02% | -3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 21.06% | -7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.87% | 21.10% | -6.23% |
AE50.DE vs. SPYG - Expense Ratio Comparison
AE50.DE has a 0.15% expense ratio, which is higher than SPYG's 0.04% 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
AE50.DE vs. SPYG - Dividend Comparison
AE50.DE has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AE50.DE Amundi ETF STOXX Europe 50 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% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.50% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Frequently Asked Questions
AE50.DE and SPYG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYG is cheaper with a 0.04% expense ratio, compared with 0.15% for AE50.DE.
AE50.DE is categorized as Europe Equities, while SPYG is S&P 500. AE50.DE tracks STOXX® Europe 50, while SPYG tracks S&P 500 Growth Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.15% for AE50.DE and 0.04% for SPYG.
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