AMEL.DE vs. 4BRZ.DE
AMEL.DE (Amundi MSCI Emerging Markets Latin America UCITS ETF EUR) and 4BRZ.DE (iShares MSCI Brazil UCITS ETF (DE) USD (Acc)) are both Latin America Equities funds - AMEL.DE tracks the MSCI Emerging Markets Latin America while 4BRZ.DE tracks the MSCI Brazil 25/50 Index. Both are passively managed. Over the past 5 years, AMEL.DE returned 10.03%/yr vs 6.36%/yr for 4BRZ.DE. Their correlation of 0.93 suggests significant overlap in exposure. AMEL.DE charges 0.20%/yr vs 0.31%/yr for 4BRZ.DE.
Performance
AMEL.DE vs. 4BRZ.DE - Performance Comparison
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Different Trading Currencies
AMEL.DE is traded in EUR, while 4BRZ.DE is traded in USD. To make them comparable, the 4BRZ.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, AMEL.DE achieves a 14.50% return, which is significantly lower than 4BRZ.DE's 15.30% return.
AMEL.DE
- 1D
- -0.86%
- 1M
- -0.48%
- 6M
- 7.78%
- YTD
- 14.50%
- 1Y
- 38.65%
- 3Y*
- 11.14%
- 5Y*
- 10.03%
- 10Y*
- 6.25%
4BRZ.DE
- 1D
- -0.78%
- 1M
- 1.51%
- 6M
- 9.53%
- YTD
- 15.30%
- 1Y
- 35.91%
- 3Y*
- 8.92%
- 5Y*
- 6.36%
- 10Y*
- —
AMEL.DE vs. 4BRZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AMEL.DE Amundi MSCI Emerging Markets Latin America UCITS ETF EUR | 14.50% | 38.05% | -22.20% | 28.15% | 16.33% | -3.25% | -21.25% | 20.70% | -3.60% |
4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) USD (Acc) | 15.30% | 31.54% | -25.69% | 28.88% | 20.67% | -12.67% | -26.67% | 31.28% | -2.53% |
Correlation
The correlation between AMEL.DE and 4BRZ.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.93 |
The correlation between AMEL.DE and 4BRZ.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
AMEL.DE vs. 4BRZ.DE — Risk / Return Rank
AMEL.DE
4BRZ.DE
AMEL.DE vs. 4BRZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE) and iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.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.
| AMEL.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.27 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.02 | +0.90 |
| Martin ratioReturn relative to average drawdown | 8.36 | 5.44 | +2.92 |
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Drawdowns
AMEL.DE vs. 4BRZ.DE - Drawdown Comparison
The maximum AMEL.DE drawdown since its inception was -52.71%, roughly equal to the maximum 4BRZ.DE drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for AMEL.DE and 4BRZ.DE.
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Drawdown Indicators
| AMEL.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.71% | -55.47% | +2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -17.71% | +4.54% |
Max Drawdown (3Y)Largest decline over 3 years | -25.37% | -28.14% | +2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -28.14% | +2.77% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | — | — |
Current DrawdownCurrent decline from peak | -7.89% | -11.93% | +4.04% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -18.19% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 6.58% | -1.97% |
Volatility
AMEL.DE vs. 4BRZ.DE - Volatility Comparison
The current volatility for Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE) is 3.82%, while iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) has a volatility of 4.56%. This indicates that AMEL.DE experiences smaller price fluctuations and is considered to be less risky than 4BRZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMEL.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 4.56% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 15.10% | 17.31% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.94% | 22.45% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 26.71% | -5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.16% | 32.55% | -7.39% |
AMEL.DE vs. 4BRZ.DE - Expense Ratio Comparison
AMEL.DE has a 0.20% expense ratio, which is lower than 4BRZ.DE's 0.31% expense ratio.
Dividends
AMEL.DE vs. 4BRZ.DE - Dividend Comparison
Neither AMEL.DE nor 4BRZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, AMEL.DE and 4BRZ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, AMEL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEL.DE is cheaper with a 0.20% expense ratio, compared with 0.31% for 4BRZ.DE.
AMEL.DE tracks MSCI Emerging Markets Latin America, while 4BRZ.DE tracks MSCI Brazil 25/50 Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for AMEL.DE and 0.31% for 4BRZ.DE.
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