AMEC.DE vs. DX2E.DE
AMEC.DE (Amundi Index Smart City UCITS ETF) and DX2E.DE (Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc)) are both Global Equities funds - AMEC.DE tracks the Solactive Smart City while DX2E.DE tracks the S&P Global Infrastructure Net Total Return Index. Both are passively managed. Over the past 5 years, AMEC.DE returned 5.35%/yr vs 11.13%/yr for DX2E.DE. A 0.53 correlation means they provide meaningful diversification when combined. AMEC.DE charges 0.35%/yr vs 0.60%/yr for DX2E.DE.
Performance
AMEC.DE vs. DX2E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMEC.DE achieves a 23.56% return, which is significantly higher than DX2E.DE's 12.81% return.
AMEC.DE
- 1D
- -0.81%
- 1M
- -4.57%
- 6M
- 18.17%
- YTD
- 23.56%
- 1Y
- 36.57%
- 3Y*
- 14.81%
- 5Y*
- 5.35%
- 10Y*
- —
DX2E.DE
- 1D
- -0.14%
- 1M
- 1.41%
- 6M
- 10.65%
- YTD
- 12.81%
- 1Y
- 20.10%
- 3Y*
- 14.56%
- 5Y*
- 11.13%
- 10Y*
- 7.27%
AMEC.DE vs. DX2E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AMEC.DE Amundi Index Smart City UCITS ETF | 23.56% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.04% |
DX2E.DE Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) | 12.81% | 7.67% | 20.50% | 1.50% | 5.79% | 19.36% | -15.20% | 4.30% |
Correlation
The correlation between AMEC.DE and DX2E.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.53 |
Over the past year, the correlation between AMEC.DE and DX2E.DE has dropped to 0.28 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
AMEC.DE vs. DX2E.DE — Risk / Return Rank
AMEC.DE
DX2E.DE
AMEC.DE vs. DX2E.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 Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) (DX2E.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.
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.
| AMEC.DE | DX2E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 4.18 | -0.15 |
| Martin ratioReturn relative to average drawdown | 11.08 | 10.39 | +0.69 |
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Drawdowns
AMEC.DE vs. DX2E.DE - Drawdown Comparison
The maximum AMEC.DE drawdown since its inception was -35.49%, smaller than the maximum DX2E.DE drawdown of -63.84%. Use the drawdown chart below to compare losses from any high point for AMEC.DE and DX2E.DE.
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Drawdown Indicators
| AMEC.DE | DX2E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -63.84% | +28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -4.79% | -4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -24.98% | -14.59% | -10.39% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -19.57% | -7.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.15% | — |
Current DrawdownCurrent decline from peak | -8.44% | -1.35% | -7.09% |
Average DrawdownAverage peak-to-trough decline | -11.36% | -18.81% | +7.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 1.93% | +1.36% |
Volatility
AMEC.DE vs. DX2E.DE - Volatility Comparison
Amundi Index Smart City UCITS ETF (AMEC.DE) has a higher volatility of 8.39% compared to Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) (DX2E.DE) at 2.81%. This indicates that AMEC.DE's price experiences larger fluctuations and is considered to be riskier than DX2E.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 | DX2E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 2.81% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 15.80% | 7.78% | +8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 9.79% | +9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.93% | 12.20% | +5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 14.75% | +4.64% |
AMEC.DE vs. DX2E.DE - Expense Ratio Comparison
AMEC.DE has a 0.35% expense ratio, which is lower than DX2E.DE's 0.60% expense ratio.
Dividends
AMEC.DE vs. DX2E.DE - Dividend Comparison
Neither AMEC.DE nor DX2E.DE has paid dividends to shareholders.
Frequently Asked Questions
AMEC.DE and DX2E.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEC.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEC.DE is cheaper with a 0.35% expense ratio, compared with 0.60% for DX2E.DE.
AMEC.DE tracks Solactive Smart City, while DX2E.DE tracks S&P Global Infrastructure Net Total Return Index. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.35% for AMEC.DE and 0.60% for DX2E.DE.
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