AMEL.DE vs. JRZE.L
AMEL.DE (Amundi MSCI Emerging Markets Latin America UCITS ETF EUR) and JRZE.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) are both exchange-traded funds - AMEL.DE is a Latin America Equities fund tracking the MSCI Emerging Markets Latin America, while JRZE.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 3 years, AMEL.DE returned 10.30%/yr vs 15.01%/yr for JRZE.L. At a 0.44 correlation, their price movements are largely independent. AMEL.DE charges 0.20%/yr vs 0.25%/yr for JRZE.L.
Performance
AMEL.DE vs. JRZE.L - Performance Comparison
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Different Trading Currencies
AMEL.DE is traded in EUR, while JRZE.L is traded in GBp. To make them comparable, the JRZE.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 13.84% return, which is significantly higher than JRZE.L's 8.93% return.
AMEL.DE
- 1D
- 3.30%
- 1M
- -3.05%
- YTD
- 13.84%
- 6M
- 14.72%
- 1Y
- 37.57%
- 3Y*
- 10.30%
- 5Y*
- 10.14%
- 10Y*
- 8.05%
JRZE.L
- 1D
- 0.00%
- 1M
- 4.00%
- YTD
- 8.93%
- 6M
- 10.37%
- 1Y
- 18.35%
- 3Y*
- 15.01%
- 5Y*
- —
- 10Y*
- —
AMEL.DE vs. JRZE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMEL.DE Amundi MSCI Emerging Markets Latin America UCITS ETF EUR | 13.84% | 38.05% | -22.20% | 28.15% | -3.65% |
JRZE.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 8.93% | 23.16% | 8.33% | 20.32% | -14.03% |
Correlation
The correlation between AMEL.DE and JRZE.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2022 | 0.44 |
The correlation between AMEL.DE and JRZE.L has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
AMEL.DE vs. JRZE.L — Risk / Return Rank
AMEL.DE
JRZE.L
AMEL.DE vs. JRZE.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 JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.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.
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 | JRZE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 1.80 | +1.04 |
| Martin ratioReturn relative to average drawdown | 9.36 | 6.56 | +2.80 |
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Drawdowns
AMEL.DE vs. JRZE.L - Drawdown Comparison
The maximum AMEL.DE drawdown since its inception was -52.71%, which is greater than JRZE.L's maximum drawdown of -27.24%. Use the drawdown chart below to compare losses from any high point for AMEL.DE and JRZE.L.
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Drawdown Indicators
| AMEL.DE | JRZE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.71% | -27.24% | -25.47% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -10.27% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -25.37% | -14.85% | -10.52% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | — | — |
Current DrawdownCurrent decline from peak | -8.43% | -0.32% | -8.11% |
Average DrawdownAverage peak-to-trough decline | -17.87% | -5.98% | -11.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 2.82% | +1.18% |
Volatility
AMEL.DE vs. JRZE.L - Volatility Comparison
Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE) has a higher volatility of 6.66% compared to JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.L) at 3.34%. This indicates that AMEL.DE's price experiences larger fluctuations and is considered to be riskier than JRZE.L 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 | JRZE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 3.34% | +3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 11.80% | +4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 14.75% | +4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.00% | 17.63% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.29% | 17.63% | +7.66% |
AMEL.DE vs. JRZE.L - Expense Ratio Comparison
AMEL.DE has a 0.20% expense ratio, which is lower than JRZE.L's 0.25% expense ratio. Despite the difference, 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. JRZE.L - Dividend Comparison
Neither AMEL.DE nor JRZE.L has paid dividends to shareholders.
Frequently Asked Questions
AMEL.DE and JRZE.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for JRZE.L.
AMEL.DE is categorized as Latin America Equities, while JRZE.L is Europe Equities. AMEL.DE tracks MSCI Emerging Markets Latin America, while JRZE.L tracks MSCI EMU NR EUR. They also come from different issuers: Amundi and JPMorgan. Their fees differ too: 0.20% for AMEL.DE and 0.25% for JRZE.L.
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