AMEL.DE vs. QDVA.DE
AMEL.DE (Amundi MSCI Emerging Markets Latin America UCITS ETF EUR) and QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) are both exchange-traded funds - AMEL.DE is a Latin America Equities fund tracking the MSCI Emerging Markets Latin America, while QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index. Both are passively managed. Over the past 5 years, AMEL.DE returned 10.03%/yr vs 13.25%/yr for QDVA.DE. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
AMEL.DE vs. QDVA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMEL.DE achieves a 14.50% return, which is significantly lower than QDVA.DE's 23.34% 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%
QDVA.DE
- 1D
- -1.82%
- 1M
- -8.51%
- 6M
- 19.03%
- YTD
- 23.34%
- 1Y
- 29.60%
- 3Y*
- 25.83%
- 5Y*
- 13.25%
- 10Y*
- —
AMEL.DE vs. QDVA.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 | 14.50% | 38.05% | -22.20% | 28.15% | 16.33% | -3.25% | -21.25% | 20.70% | -3.30% | 8.15% |
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 23.34% | 5.15% | 39.98% | 5.96% | -13.64% | 22.86% | 17.47% | 31.11% | 1.04% | 20.37% |
Correlation
The correlation between AMEL.DE and QDVA.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.39 |
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Return for Risk
AMEL.DE vs. QDVA.DE — Risk / Return Rank
AMEL.DE
QDVA.DE
AMEL.DE vs. QDVA.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 Edge MSCI USA Momentum Factor UCITS ETF (QDVA.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 | QDVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.32 | +0.60 |
| Martin ratioReturn relative to average drawdown | 8.36 | 8.42 | -0.06 |
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Drawdowns
AMEL.DE vs. QDVA.DE - Drawdown Comparison
The maximum AMEL.DE drawdown since its inception was -52.71%, which is greater than QDVA.DE's maximum drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for AMEL.DE and QDVA.DE.
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Drawdown Indicators
| AMEL.DE | QDVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.71% | -33.33% | -19.38% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -12.68% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -25.37% | -25.56% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -25.56% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | — | — |
Current DrawdownCurrent decline from peak | -7.89% | -12.68% | +4.79% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -6.93% | -10.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 3.51% | +1.10% |
Volatility
AMEL.DE vs. QDVA.DE - Volatility Comparison
The current volatility for Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE) is 3.82%, while iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a volatility of 10.76%. This indicates that AMEL.DE experiences smaller price fluctuations and is considered to be less risky than QDVA.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 | QDVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 10.76% | -6.94% |
Volatility (6M)Calculated over the trailing 6-month period | 15.10% | 19.13% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.94% | 22.39% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 19.85% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.16% | 19.58% | +5.58% |
AMEL.DE vs. QDVA.DE - Expense Ratio Comparison
Both AMEL.DE and QDVA.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AMEL.DE vs. QDVA.DE - Dividend Comparison
Neither AMEL.DE nor QDVA.DE has paid dividends to shareholders.
Frequently Asked Questions
AMEL.DE and QDVA.DE have a correlation of 0.36, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AMEL.DE and QDVA.DE have the same expense ratio: 0.20% per year.
AMEL.DE is categorized as Latin America Equities, while QDVA.DE is Momentum. AMEL.DE tracks MSCI Emerging Markets Latin America, while QDVA.DE tracks MSCI USA Momentum Index. They also come from different issuers: Amundi and iShares.
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