AMEC.DE vs. UEEH.DE
AMEC.DE (Amundi Index Smart City UCITS ETF) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds - AMEC.DE tracks the Solactive Smart City while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, AMEC.DE returned 6.68%/yr vs 5.98%/yr for UEEH.DE. At a 0.45 correlation, their price movements are largely independent. AMEC.DE charges 0.35%/yr vs 0.30%/yr for UEEH.DE.
Performance
AMEC.DE vs. UEEH.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 UEEH.DE's 1.54% 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*
- —
UEEH.DE
- 1D
- -0.04%
- 1M
- 1.51%
- YTD
- 1.54%
- 6M
- 1.62%
- 1Y
- -0.54%
- 3Y*
- 6.19%
- 5Y*
- 5.98%
- 10Y*
- —
AMEC.DE vs. UEEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.86% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.54% | -1.55% | 17.56% | 3.56% | -4.40% | 23.98% | 0.94% |
Correlation
The correlation between AMEC.DE and UEEH.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020 | 0.45 |
Over the past year, the correlation between AMEC.DE and UEEH.DE has dropped to 0.21 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
AMEC.DE vs. UEEH.DE — Risk / Return Rank
AMEC.DE
UEEH.DE
AMEC.DE vs. UEEH.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 Minimum Volatility UCITS ETF USD Dist (UEEH.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 | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.00 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 5.09 | -0.10 | +5.19 |
| Martin ratioReturn relative to average drawdown | 16.11 | -0.22 | +16.33 |
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 | UEEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | -0.07 | +2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.59 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.65 | -0.21 |
Drawdowns
AMEC.DE vs. UEEH.DE - Drawdown Comparison
The maximum AMEC.DE drawdown since its inception was -35.49%, which is greater than UEEH.DE's maximum drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for AMEC.DE and UEEH.DE.
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Drawdown Indicators
| AMEC.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -12.82% | -22.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -5.49% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -24.98% | -12.82% | -12.16% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | -12.82% | -14.51% |
Current DrawdownCurrent decline from peak | -1.34% | -6.93% | +5.59% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -4.41% | -7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.52% | +0.34% |
Volatility
AMEC.DE vs. UEEH.DE - Volatility Comparison
Amundi Index Smart City UCITS ETF (AMEC.DE) has a higher volatility of 6.73% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) at 2.62%. This indicates that AMEC.DE's price experiences larger fluctuations and is considered to be riskier than UEEH.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 | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 2.62% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.09% | 5.56% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.36% | 7.88% | +9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 10.11% | +7.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 10.26% | +8.96% |
AMEC.DE vs. UEEH.DE - Expense Ratio Comparison
AMEC.DE has a 0.35% expense ratio, which is higher than UEEH.DE's 0.30% expense ratio.
Dividends
AMEC.DE vs. UEEH.DE - Dividend Comparison
AMEC.DE has not paid dividends to shareholders, while UEEH.DE's dividend yield for the trailing twelve months is around 1.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AMEC.DE Amundi Index Smart City UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.45% | 1.49% | 1.59% | 1.76% | 1.70% | 1.37% |
Frequently Asked Questions
AMEC.DE and UEEH.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEH.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEH.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for AMEC.DE.
AMEC.DE tracks Solactive Smart City, while UEEH.DE tracks MSCI World Minimum Volatility. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.35% for AMEC.DE and 0.30% for UEEH.DE.
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