AMEC.DE vs. IS3S.DE
AMEC.DE (Amundi Index Smart City UCITS ETF) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds - AMEC.DE tracks the Solactive Smart City while IS3S.DE tracks the MSCI World Enhanced Value. Both are passively managed. Over the past 5 years, AMEC.DE returned 6.68%/yr vs 17.35%/yr for IS3S.DE. A 0.73 correlation means they provide meaningful diversification when combined. AMEC.DE charges 0.35%/yr vs 0.30%/yr for IS3S.DE.
Performance
AMEC.DE vs. IS3S.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 lower than IS3S.DE's 35.27% 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*
- —
IS3S.DE
- 1D
- -0.83%
- 1M
- 12.66%
- YTD
- 35.27%
- 6M
- 38.56%
- 1Y
- 63.43%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
AMEC.DE vs. IS3S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.62% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | -12.53% | 3.93% |
Correlation
The correlation between AMEC.DE and IS3S.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.73 |
The correlation between AMEC.DE and IS3S.DE has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
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Return for Risk
AMEC.DE vs. IS3S.DE — Risk / Return Rank
AMEC.DE
IS3S.DE
AMEC.DE vs. IS3S.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 Value Factor UCITS ETF (IS3S.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 | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.83 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 5.09 | 10.36 | -5.27 |
| Martin ratioReturn relative to average drawdown | 16.11 | 39.01 | -22.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMEC.DE | IS3S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 4.53 | -1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 1.24 | -0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.68 | -0.25 |
Drawdowns
AMEC.DE vs. IS3S.DE - Drawdown Comparison
The maximum AMEC.DE drawdown since its inception was -35.49%, roughly equal to the maximum IS3S.DE drawdown of -35.18%. Use the drawdown chart below to compare losses from any high point for AMEC.DE and IS3S.DE.
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Drawdown Indicators
| AMEC.DE | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -35.18% | -0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -6.09% | -2.93% |
Max Drawdown (3Y)Largest decline over 3 years | -24.98% | -17.80% | -7.18% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | -17.80% | -9.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.18% | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.83% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -5.82% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 1.62% | +1.24% |
Volatility
AMEC.DE vs. IS3S.DE - Volatility Comparison
Amundi Index Smart City UCITS ETF (AMEC.DE) has a higher volatility of 6.73% compared to iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) at 5.62%. This indicates that AMEC.DE's price experiences larger fluctuations and is considered to be riskier than IS3S.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 | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 5.62% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.09% | 11.32% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.36% | 13.93% | +3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 13.85% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 15.76% | +3.46% |
AMEC.DE vs. IS3S.DE - Expense Ratio Comparison
AMEC.DE has a 0.35% expense ratio, which is higher than IS3S.DE's 0.30% expense ratio.
Dividends
AMEC.DE vs. IS3S.DE - Dividend Comparison
Neither AMEC.DE nor IS3S.DE has paid dividends to shareholders.
Frequently Asked Questions
AMEC.DE and IS3S.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3S.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3S.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for AMEC.DE.
AMEC.DE tracks Solactive Smart City, while IS3S.DE tracks MSCI World Enhanced Value. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.35% for AMEC.DE and 0.30% for IS3S.DE.
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