AMEC.DE vs. IS3R.DE
AMEC.DE (Amundi Index Smart City UCITS ETF) and IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - AMEC.DE is a Global Equities fund tracking the Solactive Smart City, while IS3R.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 5 years, AMEC.DE returned 6.21%/yr vs 15.22%/yr for IS3R.DE. A 0.70 correlation means they provide meaningful diversification when combined. AMEC.DE charges 0.35%/yr vs 0.25%/yr for IS3R.DE.
Performance
AMEC.DE vs. IS3R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMEC.DE achieves a 31.64% return, which is significantly higher than IS3R.DE's 28.88% return.
AMEC.DE
- 1D
- 0.50%
- 1M
- 2.11%
- YTD
- 31.64%
- 6M
- 32.29%
- 1Y
- 46.86%
- 3Y*
- 18.43%
- 5Y*
- 6.21%
- 10Y*
- —
IS3R.DE
- 1D
- 1.72%
- 1M
- 6.92%
- YTD
- 28.88%
- 6M
- 28.92%
- 1Y
- 40.30%
- 3Y*
- 28.40%
- 5Y*
- 15.22%
- 10Y*
- 15.88%
AMEC.DE vs. IS3R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AMEC.DE Amundi Index Smart City UCITS ETF | 31.64% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.04% |
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 28.88% | 8.37% | 37.95% | 8.09% | -13.60% | 24.52% | 16.42% | 2.97% |
Correlation
The correlation between AMEC.DE and IS3R.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.70 |
The correlation between AMEC.DE and IS3R.DE has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
AMEC.DE vs. IS3R.DE — Risk / Return Rank
AMEC.DE
IS3R.DE
AMEC.DE vs. IS3R.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 Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.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 | IS3R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.17 | 4.45 | +0.72 |
| Martin ratioReturn relative to average drawdown | 15.69 | 16.79 | -1.10 |
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Drawdowns
AMEC.DE vs. IS3R.DE - Drawdown Comparison
The maximum AMEC.DE drawdown since its inception was -35.49%, which is greater than IS3R.DE's maximum drawdown of -30.76%. Use the drawdown chart below to compare losses from any high point for AMEC.DE and IS3R.DE.
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Drawdown Indicators
| AMEC.DE | IS3R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -30.76% | -4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -9.01% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.98% | -23.57% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -23.57% | -3.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.76% | — |
Current DrawdownCurrent decline from peak | -2.45% | -1.16% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -7.17% | -4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.39% | +0.59% |
Volatility
AMEC.DE vs. IS3R.DE - Volatility Comparison
Amundi Index Smart City UCITS ETF (AMEC.DE) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) have volatilities of 7.13% and 7.00%, 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
| AMEC.DE | IS3R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 7.00% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.34% | 15.15% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 18.14% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.71% | 17.55% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 18.13% | +1.16% |
AMEC.DE vs. IS3R.DE - Expense Ratio Comparison
AMEC.DE has a 0.35% expense ratio, which is higher than IS3R.DE's 0.25% expense ratio.
Dividends
AMEC.DE vs. IS3R.DE - Dividend Comparison
Neither AMEC.DE nor IS3R.DE has paid dividends to shareholders.
Frequently Asked Questions
AMEC.DE and IS3R.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3R.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3R.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for AMEC.DE.
AMEC.DE is categorized as Global Equities, while IS3R.DE is Momentum. AMEC.DE tracks Solactive Smart City, while IS3R.DE tracks MSCI World Momentum Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.35% for AMEC.DE and 0.25% for IS3R.DE.
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