AMED.DE vs. AMES.DE
AMED.DE (Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C)) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds from Amundi - AMED.DE tracks the MSCI EMU ESG Leaders Select 5% Issuer Capped while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, AMED.DE returned 9.75%/yr vs 11.05%/yr for AMES.DE. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
AMED.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMED.DE achieves a 16.87% return, which is significantly higher than AMES.DE's 7.00% return. Over the past 10 years, AMED.DE has underperformed AMES.DE with an annualized return of 9.75%, while AMES.DE has yielded a comparatively higher 11.05% annualized return.
AMED.DE
- 1D
- 0.51%
- 1M
- 7.96%
- YTD
- 16.87%
- 6M
- 18.54%
- 1Y
- 26.45%
- 3Y*
- 16.11%
- 5Y*
- 10.41%
- 10Y*
- 9.75%
AMES.DE
- 1D
- 0.51%
- 1M
- 3.60%
- YTD
- 7.00%
- 6M
- 10.82%
- 1Y
- 33.98%
- 3Y*
- 29.84%
- 5Y*
- 19.21%
- 10Y*
- 11.05%
AMED.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMED.DE Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) | 16.87% | 20.15% | 5.95% | 16.68% | -10.71% | 20.90% | -1.35% | 27.22% | -12.98% | 11.86% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 7.00% | 55.41% | 19.00% | 25.94% | 0.03% | 6.96% | -12.87% | 15.76% | -12.77% | 11.84% |
Correlation
The correlation between AMED.DE and AMES.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 | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011 | 0.71 |
The correlation between AMED.DE and AMES.DE has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
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Return for Risk
AMED.DE vs. AMES.DE — Risk / Return Rank
AMED.DE
AMES.DE
AMED.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) (AMED.DE) and Amundi ETF MSCI Spain UCITS ETF EUR (AMES.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.
| AMED.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.40 | -0.91 |
| Martin ratioReturn relative to average drawdown | 9.40 | 11.80 | -2.39 |
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
| AMED.DE | AMES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 2.06 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.20 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.62 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.48 | -0.01 |
Drawdowns
AMED.DE vs. AMES.DE - Drawdown Comparison
The maximum AMED.DE drawdown since its inception was -38.35%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for AMED.DE and AMES.DE.
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Drawdown Indicators
| AMED.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.35% | -40.98% | +2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -9.95% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | -12.58% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.06% | -17.77% | -6.29% |
Max Drawdown (10Y)Largest decline over 10 years | -38.35% | -40.98% | +2.63% |
Current DrawdownCurrent decline from peak | -0.17% | -0.52% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -9.76% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.87% | -0.06% |
Volatility
AMED.DE vs. AMES.DE - Volatility Comparison
Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) (AMED.DE) has a higher volatility of 5.61% compared to Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) at 4.59%. This indicates that AMED.DE's price experiences larger fluctuations and is considered to be riskier than AMES.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMED.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 4.59% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 13.65% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 16.43% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 18.01% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 20.82% | -3.82% |
AMED.DE vs. AMES.DE - Expense Ratio Comparison
Both AMED.DE and AMES.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AMED.DE vs. AMES.DE - Dividend Comparison
Neither AMED.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
AMED.DE and AMES.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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AMED.DE and AMES.DE have the same expense ratio: 0.25% per year.
AMED.DE tracks MSCI EMU ESG Leaders Select 5% Issuer Capped, while AMES.DE tracks MSCI Spain.
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