AMEQ.DE vs. EUN0.DE
AMEQ.DE (Amundi MSCI Europe Quality Factor UCITS ETF EUR) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - AMEQ.DE tracks the MSCI Europe Quality while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, AMEQ.DE returned 5.17%/yr vs 7.36%/yr for EUN0.DE. Their correlation of 0.89 suggests significant overlap in exposure. AMEQ.DE charges 0.23%/yr vs 0.25%/yr for EUN0.DE.
Performance
AMEQ.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMEQ.DE achieves a 3.29% return, which is significantly lower than EUN0.DE's 5.60% return.
AMEQ.DE
- 1D
- 1.20%
- 1M
- 2.34%
- YTD
- 3.29%
- 6M
- 4.79%
- 1Y
- 6.14%
- 3Y*
- 6.34%
- 5Y*
- 5.17%
- 10Y*
- —
EUN0.DE
- 1D
- 0.54%
- 1M
- 0.57%
- YTD
- 5.60%
- 6M
- 6.91%
- 1Y
- 5.46%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
AMEQ.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMEQ.DE Amundi MSCI Europe Quality Factor UCITS ETF EUR | 3.29% | 9.08% | 2.74% | 14.61% | -14.34% | 27.69% | 5.23% | 36.05% | -8.02% | 10.55% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 9.14% |
Correlation
The correlation between AMEQ.DE and EUN0.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2016 | 0.89 |
The correlation between AMEQ.DE and EUN0.DE shifts across timeframes, from 0.78 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AMEQ.DE vs. EUN0.DE — Risk / Return Rank
AMEQ.DE
EUN0.DE
AMEQ.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Quality Factor UCITS ETF EUR (AMEQ.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| AMEQ.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.11 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 0.76 | -0.19 |
| Martin ratioReturn relative to average drawdown | 1.54 | 1.97 | -0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMEQ.DE | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.62 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.66 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.63 | -0.10 |
Drawdowns
AMEQ.DE vs. EUN0.DE - Drawdown Comparison
The maximum AMEQ.DE drawdown since its inception was -30.82%, roughly equal to the maximum EUN0.DE drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for AMEQ.DE and EUN0.DE.
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Drawdown Indicators
| AMEQ.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.82% | -30.68% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.80% | -7.16% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -10.73% | -5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | -19.64% | -1.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -3.37% | -3.12% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -4.69% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 2.76% | +1.22% |
Volatility
AMEQ.DE vs. EUN0.DE - Volatility Comparison
Amundi MSCI Europe Quality Factor UCITS ETF EUR (AMEQ.DE) has a higher volatility of 4.36% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that AMEQ.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMEQ.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 3.03% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 7.20% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 8.77% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 11.02% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 12.51% | +2.32% |
AMEQ.DE vs. EUN0.DE - Expense Ratio Comparison
AMEQ.DE has a 0.23% expense ratio, which is lower than EUN0.DE'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
AMEQ.DE vs. EUN0.DE - Dividend Comparison
Neither AMEQ.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
AMEQ.DE and EUN0.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEQ.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEQ.DE is cheaper with a 0.23% expense ratio, compared with 0.25% for EUN0.DE.
AMEQ.DE tracks MSCI Europe Quality, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.23% for AMEQ.DE and 0.25% for EUN0.DE.
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