AMEC.DE vs. CBUH.DE
AMEC.DE (Amundi Index Smart City UCITS ETF) and CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) are both exchange-traded funds - AMEC.DE is a Global Equities fund tracking the Solactive Smart City, while CBUH.DE is a Momentum fund tracking the MSCI World Momentum ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, AMEC.DE returned 17.35%/yr vs 22.30%/yr for CBUH.DE. A 0.71 correlation means they provide meaningful diversification when combined. AMEC.DE charges 0.35%/yr vs 0.30%/yr for CBUH.DE.
Performance
AMEC.DE vs. CBUH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMEC.DE achieves a 30.58% return, which is significantly higher than CBUH.DE's 22.41% return.
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.78%
- YTD
- 30.58%
- 6M
- 29.29%
- 1Y
- 46.14%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
CBUH.DE
- 1D
- -0.51%
- 1M
- 4.74%
- YTD
- 22.41%
- 6M
- 23.42%
- 1Y
- 31.87%
- 3Y*
- 22.30%
- 5Y*
- —
- 10Y*
- —
AMEC.DE vs. CBUH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 0.39% |
CBUH.DE iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc | 22.41% | 7.97% | 28.91% | 13.46% | -17.00% | 0.41% |
Correlation
The correlation between AMEC.DE and CBUH.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.71 |
The correlation between AMEC.DE and CBUH.DE has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
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Return for Risk
AMEC.DE vs. CBUH.DE — Risk / Return Rank
AMEC.DE
CBUH.DE
AMEC.DE vs. CBUH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index Smart City UCITS ETF (AMEC.DE) and iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.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.
| AMEC.DE | CBUH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.36 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.09 | 3.38 | +1.71 |
| Martin ratioReturn relative to average drawdown | 16.11 | 13.99 | +2.13 |
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
| AMEC.DE | CBUH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 1.99 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.64 | -0.20 |
Drawdowns
AMEC.DE vs. CBUH.DE - Drawdown Comparison
The maximum AMEC.DE drawdown since its inception was -35.49%, which is greater than CBUH.DE's maximum drawdown of -22.61%. Use the drawdown chart below to compare losses from any high point for AMEC.DE and CBUH.DE.
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Drawdown Indicators
| AMEC.DE | CBUH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -22.61% | -12.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -9.39% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -24.98% | -22.61% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | — | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.51% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -8.55% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.27% | +0.59% |
Volatility
AMEC.DE vs. CBUH.DE - Volatility Comparison
Amundi Index Smart City UCITS ETF (AMEC.DE) has a higher volatility of 6.73% compared to iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) at 4.80%. This indicates that AMEC.DE's price experiences larger fluctuations and is considered to be riskier than CBUH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMEC.DE | CBUH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 4.80% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 13.09% | 13.32% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.36% | 15.96% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 16.91% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 16.91% | +2.31% |
AMEC.DE vs. CBUH.DE - Expense Ratio Comparison
AMEC.DE has a 0.35% expense ratio, which is higher than CBUH.DE's 0.30% expense ratio.
Dividends
AMEC.DE vs. CBUH.DE - Dividend Comparison
Neither AMEC.DE nor CBUH.DE has paid dividends to shareholders.
Frequently Asked Questions
AMEC.DE and CBUH.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUH.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUH.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for AMEC.DE.
AMEC.DE is categorized as Global Equities, while CBUH.DE is Momentum. AMEC.DE tracks Solactive Smart City, while CBUH.DE tracks MSCI World Momentum ESG Reduced Carbon Target Select. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.35% for AMEC.DE and 0.30% for CBUH.DE.
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