AMEL.DE vs. MHL.DE

Last updated Jun 5, 2026

AMEL.DE (Amundi MSCI Emerging Markets Latin America UCITS ETF EUR) is Latin America Equities fund tracking the MSCI Emerging Markets Latin America, while MHL.DE (S&P Global Inc) is a stock. Over the past 10 years, AMEL.DE returned 7.43%/yr vs 14.70%/yr for MHL.DE. At a 0.10 correlation, their price movements are largely independent.

Performance

AMEL.DE vs. MHL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE) and S&P Global Inc (MHL.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMEL.DE achieves a 10.83% return, which is significantly higher than MHL.DE's -18.97% return. Over the past 10 years, AMEL.DE has underperformed MHL.DE with an annualized return of 7.43%, while MHL.DE has yielded a comparatively higher 14.70% annualized return.

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%

MHL.DE

• 1D: 3.41%
• 1M: 1.09%
• YTD: -18.97%
• 6M: -14.45%
• 1Y: -19.02%
• 3Y*: 1.85%
• 5Y*: 3.86%
• 10Y*: 14.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMEL.DE vs. MHL.DE - 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%
MHL.DE S&P Global Inc	-18.97%	-5.99%	22.36%	26.77%	-24.06%	63.32%	4.55%	66.10%	4.63%	34.99%

Correlation

The correlation between AMEL.DE and MHL.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011	0.10

The correlation between AMEL.DE and MHL.DE shifts across timeframes, from -0.06 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

AMEL.DE vs. MHL.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMEL.DE

AMEL.DE Risk / Return Rank: 57
AMEL.DE Sharpe Ratio Rank: 57
AMEL.DE Sortino Ratio Rank: 55
AMEL.DE Omega Ratio Rank: 53
AMEL.DE Calmar Ratio Rank: 65
AMEL.DE Martin Ratio Rank: 56

MHL.DE

MHL.DE Risk / Return Rank: 14
MHL.DE Sharpe Ratio Rank: 11
MHL.DE Sortino Ratio Rank: 14
MHL.DE Omega Ratio Rank: 13
MHL.DE Calmar Ratio Rank: 21
MHL.DE Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMEL.DE vs. MHL.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 S&P Global Inc (MHL.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.

	AMEL.DE	MHL.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.90	-0.73	+2.63
Sortino ratio: Return per unit of downside risk	2.60	-0.85	+3.44
Omega ratio: Gain probability vs. loss probability	1.33	0.88	+0.44
Calmar ratio: Return relative to maximum drawdown	3.16	-0.59	+3.76
Martin ratio: Return relative to average drawdown	9.66	-1.22	+10.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMEL.DE vs. MHL.DE - Sharpe Ratio Comparison

The current AMEL.DE Sharpe Ratio is 1.90, which is higher than the MHL.DE Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of AMEL.DE and MHL.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMEL.DE	MHL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	-0.73	+2.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.17	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.78	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	1.28	-1.15

Drawdowns

AMEL.DE vs. MHL.DE - Drawdown Comparison

The maximum AMEL.DE drawdown since its inception was -52.69%, which is greater than MHL.DE's maximum drawdown of -37.25%. Use the drawdown chart below to compare losses from any high point for AMEL.DE and MHL.DE.

Drawdown Indicators

	AMEL.DE	MHL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-52.69%	-37.25%	-15.44%
Max Drawdown (1Y) Largest decline over 1 year	-10.86%	-32.65%	+21.79%
Max Drawdown (3Y) Largest decline over 3 years	-25.38%	-37.25%	+11.87%
Max Drawdown (5Y) Largest decline over 5 years	-25.38%	-37.25%	+11.87%
Max Drawdown (10Y) Largest decline over 10 years	-51.31%	-37.25%	-14.06%
Current Drawdown Current decline from peak	-10.86%	-29.42%	+18.56%
Average Drawdown Average peak-to-trough decline	-17.89%	-10.32%	-7.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	15.66%	-12.09%

Volatility

AMEL.DE vs. MHL.DE - Volatility Comparison

The current volatility for Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE) is 5.32%, while S&P Global Inc (MHL.DE) has a volatility of 9.50%. This indicates that AMEL.DE experiences smaller price fluctuations and is considered to be less risky than MHL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMEL.DE	MHL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	9.50%	-4.18%
Volatility (6M) Calculated over the trailing 6-month period	15.30%	23.12%	-7.82%
Volatility (1Y) Calculated over the trailing 1-year period	18.10%	26.33%	-8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.90%	25.09%	-4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.27%	33.11%	-7.84%

Dividends

AMEL.DE vs. MHL.DE - Dividend Comparison

AMEL.DE has not paid dividends to shareholders, while MHL.DE's dividend yield for the trailing twelve months is around 0.78%.

Position	TTM	2025	2024	2023	2022	2021
AMEL.DE Amundi MSCI Emerging Markets Latin America UCITS ETF EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MHL.DE S&P Global Inc	0.78%	0.65%	0.77%	0.72%	0.85%	0.53%

Frequently Asked Questions

Can I hold both AMEL.DE and MHL.DE in my portfolio?

AMEL.DE and MHL.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.