AMEM.DE vs. ETSZ.DE
AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - AMEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, AMEM.DE returned 10.22%/yr vs 10.16%/yr for ETSZ.DE. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
AMEM.DE vs. ETSZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMEM.DE achieves a 28.83% return, which is significantly higher than ETSZ.DE's 10.04% return. Both investments have delivered pretty close results over the past 10 years, with AMEM.DE having a 10.22% annualized return and ETSZ.DE not far behind at 10.16%.
AMEM.DE
- 1D
- 0.76%
- 1M
- 2.33%
- YTD
- 28.83%
- 6M
- 30.74%
- 1Y
- 48.13%
- 3Y*
- 21.87%
- 5Y*
- 8.34%
- 10Y*
- 10.22%
ETSZ.DE
- 1D
- 0.77%
- 1M
- 2.09%
- YTD
- 10.04%
- 6M
- 10.73%
- 1Y
- 22.31%
- 3Y*
- 15.25%
- 5Y*
- 9.90%
- 10Y*
- 10.16%
AMEM.DE vs. ETSZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 28.83% | 19.22% | 13.69% | 5.35% | -13.83% | 3.96% | 6.43% | 21.24% | -11.00% | 20.46% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 10.04% | 20.39% | 8.24% | 15.59% | -10.31% | 24.87% | -1.48% | 28.89% | -11.23% | 10.67% |
Correlation
The correlation between AMEM.DE and ETSZ.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2013 | 0.67 |
The correlation between AMEM.DE and ETSZ.DE has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
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Return for Risk
AMEM.DE vs. ETSZ.DE — Risk / Return Rank
AMEM.DE
ETSZ.DE
AMEM.DE vs. ETSZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) and BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.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.
| AMEM.DE | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.33 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 2.36 | +2.15 |
| Martin ratioReturn relative to average drawdown | 15.41 | 9.04 | +6.37 |
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Drawdowns
AMEM.DE vs. ETSZ.DE - Drawdown Comparison
The maximum AMEM.DE drawdown since its inception was -35.91%, roughly equal to the maximum ETSZ.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for AMEM.DE and ETSZ.DE.
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Drawdown Indicators
| AMEM.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -35.54% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -9.41% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.20% | -16.34% | -2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -23.54% | -20.50% | -3.04% |
Max Drawdown (10Y)Largest decline over 10 years | -31.83% | -35.54% | +3.71% |
Current DrawdownCurrent decline from peak | -3.89% | 0.00% | -3.89% |
Average DrawdownAverage peak-to-trough decline | -10.20% | -5.34% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.46% | +0.65% |
Volatility
AMEM.DE vs. ETSZ.DE - Volatility Comparison
Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) has a higher volatility of 8.77% compared to BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) at 2.92%. This indicates that AMEM.DE's price experiences larger fluctuations and is considered to be riskier than ETSZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMEM.DE | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 2.92% | +5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 16.74% | 10.83% | +5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.05% | 12.91% | +6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 14.40% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 15.24% | +3.18% |
AMEM.DE vs. ETSZ.DE - Expense Ratio Comparison
Both AMEM.DE and ETSZ.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
AMEM.DE vs. ETSZ.DE - Dividend Comparison
Neither AMEM.DE nor ETSZ.DE has paid dividends to shareholders.
Frequently Asked Questions
AMEM.DE and ETSZ.DE have a correlation of 0.58, 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.
AMEM.DE and ETSZ.DE have the same expense ratio: 0.20% per year.
AMEM.DE is categorized as Emerging Markets Equities, while ETSZ.DE is Europe Equities. AMEM.DE tracks MSCI Emerging Markets, while ETSZ.DE tracks STOXX® Europe 600. They also come from different issuers: Amundi and BNP Paribas.
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