ALAG.L vs. MHL.DE

Last updated Jun 5, 2026

ALAG.L (Amundi MSCI Em Latin America UCITS ETF-C USD) is Latin America Equities fund tracking the MSCI EM Latin America NR USD, while MHL.DE (S&P Global Inc) is a stock. Over the past 10 years, ALAG.L returned 8.49%/yr vs 15.86%/yr for MHL.DE. At a 0.11 correlation, their price movements are largely independent.

Performance

ALAG.L vs. MHL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and S&P Global Inc (MHL.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ALAG.L is traded in GBp, while MHL.DE is traded in EUR. To make them comparable, the MHL.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 MHL.DE's -19.60% return. Over the past 10 years, ALAG.L has underperformed MHL.DE with an annualized return of 8.49%, while MHL.DE has yielded a comparatively higher 15.86% annualized return.

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%

MHL.DE

• 1D: 3.54%
• 1M: 1.32%
• YTD: -19.60%
• 6M: -15.27%
• 1Y: -16.83%
• 3Y*: 2.07%
• 5Y*: 3.99%
• 10Y*: 15.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALAG.L vs. MHL.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%
MHL.DE S&P Global Inc	-19.60%	-1.00%	16.66%	24.50%	-19.90%	51.02%	11.01%	57.46%	6.27%	40.61%

Correlation

The correlation between ALAG.L and MHL.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016	0.11

The correlation between ALAG.L and MHL.DE shifts across timeframes, from -0.04 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ALAG.L vs. MHL.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALAG.L

ALAG.L Risk / Return Rank: 66
ALAG.L Sharpe Ratio Rank: 69
ALAG.L Sortino Ratio Rank: 63
ALAG.L Omega Ratio Rank: 64
ALAG.L Calmar Ratio Rank: 73
ALAG.L Martin Ratio Rank: 61

MHL.DE

MHL.DE Risk / Return Rank: 14
MHL.DE Sharpe Ratio Rank: 11
MHL.DE Sortino Ratio Rank: 14
MHL.DE Omega Ratio Rank: 13
MHL.DE Calmar Ratio Rank: 21
MHL.DE Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALAG.L vs. MHL.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 S&P Global Inc (MHL.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	MHL.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.22	-0.65	+2.87
Sortino ratio: Return per unit of downside risk	2.90	-0.73	+3.63
Omega ratio: Gain probability vs. loss probability	1.38	0.90	+0.48
Calmar ratio: Return relative to maximum drawdown	3.62	-0.52	+4.14
Martin ratio: Return relative to average drawdown	10.83	-1.07	+11.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALAG.L vs. MHL.DE - Sharpe Ratio Comparison

The current ALAG.L Sharpe Ratio is 2.22, which is higher than the MHL.DE Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of ALAG.L and MHL.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ALAG.L	MHL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	-0.65	+2.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.18	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.86	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.32	-0.93

Drawdowns

ALAG.L vs. MHL.DE - Drawdown Comparison

The maximum ALAG.L drawdown since its inception was -48.94%, which is greater than MHL.DE's maximum drawdown of -34.02%. Use the drawdown chart below to compare losses from any high point for ALAG.L and MHL.DE.

Drawdown Indicators

	ALAG.L	MHL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-48.94%	-34.02%	-14.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-32.77%	+22.14%
Max Drawdown (3Y) Largest decline over 3 years	-25.74%	-34.02%	+8.28%
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	-34.02%	+8.28%
Max Drawdown (10Y) Largest decline over 10 years	-48.94%	-34.02%	-14.92%
Current Drawdown Current decline from peak	-10.63%	-26.30%	+15.67%
Average Drawdown Average peak-to-trough decline	-12.08%	-9.47%	-2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	15.88%	-12.32%

Volatility

ALAG.L vs. MHL.DE - Volatility Comparison

The current volatility for Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) is 4.67%, while S&P Global Inc (MHL.DE) has a volatility of 9.54%. This indicates that ALAG.L experiences smaller price fluctuations and is considered to be less risky than MHL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALAG.L	MHL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	9.54%	-4.87%
Volatility (6M) Calculated over the trailing 6-month period	15.08%	23.10%	-8.02%
Volatility (1Y) Calculated over the trailing 1-year period	17.38%	26.24%	-8.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.42%	24.63%	-4.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.89%	32.38%	-7.49%

Dividends

ALAG.L vs. MHL.DE - Dividend Comparison

ALAG.L has not paid dividends to shareholders, while MHL.DE's dividend yield for the trailing twelve months is around 0.78%.

Position	TTM	2025	2024	2023	2022	2021
ALAG.L Amundi MSCI Em Latin America UCITS ETF-C USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MHL.DE S&P Global Inc	0.78%	0.65%	0.77%	0.72%	0.85%	0.53%

Frequently Asked Questions

Can I hold both ALAG.L and MHL.DE in my portfolio?

ALAG.L and MHL.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.