ALAG.L vs. AMEL.DE
ALAG.L (Amundi MSCI Em Latin America UCITS ETF-C USD) and AMEL.DE (Amundi MSCI Emerging Markets Latin America UCITS ETF EUR) are both Latin America Equities funds from Amundi - ALAG.L tracks the MSCI EM Latin America NR USD while AMEL.DE tracks the MSCI Emerging Markets Latin America. Both are passively managed. Over the past 10 years, ALAG.L returned 8.49%/yr vs 8.47%/yr for AMEL.DE. Their correlation of 0.93 suggests significant overlap in exposure. ALAG.L charges 0.10%/yr vs 0.20%/yr for AMEL.DE.
Performance
ALAG.L vs. AMEL.DE - Performance Comparison
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Different Trading Currencies
ALAG.L is traded in GBp, while AMEL.DE is traded in EUR. To make them comparable, the AMEL.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ALAG.L achieves a 10.55% return, which is significantly higher than AMEL.DE's 9.96% return. Both investments have delivered pretty close results over the past 10 years, with ALAG.L having a 8.49% annualized return and AMEL.DE not far behind at 8.47%.
ALAG.L
- 1D
- -0.47%
- 1M
- -6.14%
- YTD
- 10.55%
- 6M
- 7.97%
- 1Y
- 38.67%
- 3Y*
- 10.97%
- 5Y*
- 9.69%
- 10Y*
- 8.49%
AMEL.DE
- 1D
- -0.74%
- 1M
- -7.02%
- YTD
- 9.96%
- 6M
- 7.60%
- 1Y
- 38.17%
- 3Y*
- 10.93%
- 5Y*
- 9.63%
- 10Y*
- 8.47%
ALAG.L vs. AMEL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALAG.L Amundi MSCI Em Latin America UCITS ETF-C USD | 10.55% | 44.31% | -25.31% | 25.10% | 21.74% | -8.24% | -16.56% | 12.56% | -1.55% | 12.30% |
AMEL.DE Amundi MSCI Emerging Markets Latin America UCITS ETF EUR | 9.96% | 45.25% | -25.61% | 25.54% | 22.72% | -10.04% | -16.84% | 14.41% | -1.90% | 12.77% |
Correlation
The correlation between ALAG.L and AMEL.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.93 |
The correlation between ALAG.L and AMEL.DE has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.
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Return for Risk
ALAG.L vs. AMEL.DE — Risk / Return Rank
ALAG.L
AMEL.DE
ALAG.L vs. AMEL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.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.
| ALAG.L | AMEL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.36 | +0.26 |
| Martin ratioReturn relative to average drawdown | 10.83 | 10.32 | +0.50 |
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
| ALAG.L | AMEL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 2.12 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.46 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.34 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.13 | +0.27 |
Drawdowns
ALAG.L vs. AMEL.DE - Drawdown Comparison
The maximum ALAG.L drawdown since its inception was -48.94%, smaller than the maximum AMEL.DE drawdown of -56.09%. Use the drawdown chart below to compare losses from any high point for ALAG.L and AMEL.DE.
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Drawdown Indicators
| ALAG.L | AMEL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.94% | -56.09% | +7.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -11.30% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -26.69% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -26.69% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -48.94% | -48.72% | -0.22% |
Current DrawdownCurrent decline from peak | -10.63% | -11.30% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -18.05% | +5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.69% | -0.13% |
Volatility
ALAG.L vs. AMEL.DE - Volatility Comparison
Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE) have volatilities of 4.67% and 4.90%, 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
| ALAG.L | AMEL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 4.90% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 15.19% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 17.96% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.42% | 20.65% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.89% | 25.09% | -0.20% |
ALAG.L vs. AMEL.DE - Expense Ratio Comparison
ALAG.L has a 0.10% expense ratio, which is lower than AMEL.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ALAG.L vs. AMEL.DE - Dividend Comparison
Neither ALAG.L nor AMEL.DE has paid dividends to shareholders.
Frequently Asked Questions
ALAG.L and AMEL.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ALAG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ALAG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for AMEL.DE.
ALAG.L tracks MSCI EM Latin America NR USD, while AMEL.DE tracks MSCI Emerging Markets Latin America. Their fees differ too: 0.10% for ALAG.L and 0.20% for AMEL.DE.
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