AE5B.DE vs. FTGE.DE
AE5B.DE (Amundi MSCI Europe Climate Action UCITS ETF Dist) and FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) are both Europe Equities funds - AE5B.DE tracks the MSCI Europe Climate Action while FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone. Both are passively managed. Over the past year, AE5B.DE returned 12.32% vs 30.85% for FTGE.DE. A 0.75 correlation means they provide meaningful diversification when combined. AE5B.DE charges 0.09%/yr vs 0.65%/yr for FTGE.DE.
Performance
AE5B.DE vs. FTGE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AE5B.DE achieves a 5.29% return, which is significantly lower than FTGE.DE's 13.73% return.
AE5B.DE
- 1D
- 0.62%
- 1M
- 2.96%
- YTD
- 5.29%
- 6M
- 7.80%
- 1Y
- 12.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTGE.DE
- 1D
- 0.51%
- 1M
- 3.08%
- YTD
- 13.73%
- 6M
- 16.86%
- 1Y
- 30.85%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
AE5B.DE vs. FTGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AE5B.DE Amundi MSCI Europe Climate Action UCITS ETF Dist | 5.29% | 16.59% | 7.50% | 3.40% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 3.28% |
Correlation
The correlation between AE5B.DE and FTGE.DE is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2023 | 0.75 |
The correlation between AE5B.DE and FTGE.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
AE5B.DE vs. FTGE.DE — Risk / Return Rank
AE5B.DE
FTGE.DE
AE5B.DE vs. FTGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Climate Action UCITS ETF Dist (AE5B.DE) and First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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.
| AE5B.DE | FTGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.40 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 3.27 | -2.11 |
| Martin ratioReturn relative to average drawdown | 3.95 | 12.30 | -8.35 |
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
| AE5B.DE | FTGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 2.16 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.88 | -0.06 |
Drawdowns
AE5B.DE vs. FTGE.DE - Drawdown Comparison
The maximum AE5B.DE drawdown since its inception was -16.86%, smaller than the maximum FTGE.DE drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for AE5B.DE and FTGE.DE.
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Drawdown Indicators
| AE5B.DE | FTGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.86% | -26.63% | +9.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -9.38% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.63% | — |
Current DrawdownCurrent decline from peak | -1.65% | 0.00% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -5.40% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.50% | +0.61% |
Volatility
AE5B.DE vs. FTGE.DE - Volatility Comparison
Amundi MSCI Europe Climate Action UCITS ETF Dist (AE5B.DE) and First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) have volatilities of 3.86% and 3.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AE5B.DE | FTGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.83% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 11.63% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.37% | 14.23% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 17.58% | -4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.34% | 18.41% | -5.07% |
AE5B.DE vs. FTGE.DE - Expense Ratio Comparison
AE5B.DE has a 0.09% expense ratio, which is lower than FTGE.DE's 0.65% expense ratio.
Dividends
AE5B.DE vs. FTGE.DE - Dividend Comparison
AE5B.DE's dividend yield for the trailing twelve months is around 2.16%, while FTGE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AE5B.DE Amundi MSCI Europe Climate Action UCITS ETF Dist | 2.16% | 2.28% | 2.68% | 0.63% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AE5B.DE and FTGE.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AE5B.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE5B.DE is cheaper with a 0.09% expense ratio, compared with 0.65% for FTGE.DE.
AE5B.DE tracks MSCI Europe Climate Action, while FTGE.DE tracks Nasdaq AlphaDEX® Eurozone. They also come from different issuers: Amundi and First Trust. Their fees differ too: 0.09% for AE5B.DE and 0.65% for FTGE.DE.
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