AMEL.DE vs. ALAG.L
AMEL.DE (Amundi MSCI Emerging Markets Latin America UCITS ETF EUR) and ALAG.L (Amundi MSCI Em Latin America UCITS ETF-C USD) are both Latin America Equities funds from Amundi - AMEL.DE tracks the MSCI Emerging Markets Latin America while ALAG.L tracks the MSCI EM Latin America NR USD. Both are passively managed. Over the past 10 years, AMEL.DE returned 7.43%/yr vs 7.46%/yr for ALAG.L. Their correlation of 0.93 suggests significant overlap in exposure. AMEL.DE charges 0.20%/yr vs 0.10%/yr for ALAG.L.
Performance
AMEL.DE vs. ALAG.L - Performance Comparison
Loading charts...
Different Trading Currencies
AMEL.DE is traded in EUR, while ALAG.L is traded in GBp. To make them comparable, the ALAG.L 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 10.83% return, which is significantly lower than ALAG.L's 11.54% return. Both investments have delivered pretty close results over the past 10 years, with AMEL.DE having a 7.43% annualized return and ALAG.L not far ahead at 7.46%.
AMEL.DE
- 1D
- -0.86%
- 1M
- -7.22%
- YTD
- 10.83%
- 6M
- 8.65%
- 1Y
- 34.54%
- 3Y*
- 10.77%
- 5Y*
- 9.48%
- 10Y*
- 7.43%
ALAG.L
- 1D
- -0.56%
- 1M
- -6.32%
- YTD
- 11.54%
- 6M
- 9.06%
- 1Y
- 35.05%
- 3Y*
- 10.80%
- 5Y*
- 9.54%
- 10Y*
- 7.46%
AMEL.DE vs. ALAG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMEL.DE Amundi MSCI Emerging Markets Latin America UCITS ETF EUR | 10.83% | 38.06% | -22.22% | 28.09% | 16.34% | -3.21% | -21.29% | 20.69% | -3.27% | 8.15% |
ALAG.L Amundi MSCI Em Latin America UCITS ETF-C USD | 11.54% | 36.78% | -21.71% | 27.75% | 15.46% | -2.27% | -21.09% | 19.93% | -2.93% | 7.87% |
Correlation
The correlation between AMEL.DE and ALAG.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.93 |
The correlation between AMEL.DE and ALAG.L has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AMEL.DE vs. ALAG.L — Risk / Return Rank
AMEL.DE
ALAG.L
AMEL.DE vs. ALAG.L - 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 Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L). 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.
| AMEL.DE | ALAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.41 | -0.25 |
| Martin ratioReturn relative to average drawdown | 9.66 | 10.06 | -0.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AMEL.DE | ALAG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 1.97 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.46 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.30 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.35 | -0.23 |
Drawdowns
AMEL.DE vs. ALAG.L - Drawdown Comparison
The maximum AMEL.DE drawdown since its inception was -52.69%, roughly equal to the maximum ALAG.L drawdown of -50.97%. Use the drawdown chart below to compare losses from any high point for AMEL.DE and ALAG.L.
Loading charts...
Drawdown Indicators
| AMEL.DE | ALAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.69% | -50.97% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -10.22% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -25.38% | -24.17% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -25.38% | -24.17% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -51.31% | -50.97% | -0.34% |
Current DrawdownCurrent decline from peak | -10.86% | -10.22% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -17.89% | -11.32% | -6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 3.47% | +0.10% |
Volatility
AMEL.DE vs. ALAG.L - Volatility Comparison
Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE) has a higher volatility of 5.32% compared to Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) at 4.99%. This indicates that AMEL.DE's price experiences larger fluctuations and is considered to be riskier than ALAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AMEL.DE | ALAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 4.99% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 15.30% | 15.37% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 17.72% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.90% | 20.85% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.27% | 25.26% | +0.01% |
AMEL.DE vs. ALAG.L - Expense Ratio Comparison
AMEL.DE has a 0.20% expense ratio, which is higher than ALAG.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AMEL.DE vs. ALAG.L - Dividend Comparison
Neither AMEL.DE nor ALAG.L has paid dividends to shareholders.
Frequently Asked Questions
AMEL.DE and ALAG.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ALAG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ALAG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for AMEL.DE.
AMEL.DE tracks MSCI Emerging Markets Latin America, while ALAG.L tracks MSCI EM Latin America NR USD. Their fees differ too: 0.20% for AMEL.DE and 0.10% for ALAG.L.
Find the right allocation for AMEL.DE and ALAG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer