AMES.DE vs. AMEQ.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and AMEQ.DE (Amundi MSCI Europe Quality Factor UCITS ETF EUR) are both Europe Equities funds from Amundi - AMES.DE tracks the MSCI Spain while AMEQ.DE tracks the MSCI Europe Quality. Both are passively managed. Over the past 5 years, AMES.DE returned 19.21%/yr vs 5.17%/yr for AMEQ.DE. A 0.52 correlation means they provide meaningful diversification when combined. AMES.DE charges 0.25%/yr vs 0.23%/yr for AMEQ.DE.
Performance
AMES.DE vs. AMEQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMES.DE achieves a 7.00% return, which is significantly higher than AMEQ.DE's 3.29% return.
AMES.DE
- 1D
- 0.51%
- 1M
- 3.60%
- YTD
- 7.00%
- 6M
- 10.82%
- 1Y
- 33.98%
- 3Y*
- 29.84%
- 5Y*
- 19.21%
- 10Y*
- 11.05%
AMEQ.DE
- 1D
- 1.20%
- 1M
- 2.34%
- YTD
- 3.29%
- 6M
- 4.79%
- 1Y
- 6.14%
- 3Y*
- 6.34%
- 5Y*
- 5.17%
- 10Y*
- —
AMES.DE vs. AMEQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 7.00% | 55.41% | 19.00% | 25.94% | 0.03% | 6.96% | -12.87% | 15.76% | -12.77% | 11.84% |
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% |
Correlation
The correlation between AMES.DE and AMEQ.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2016 | 0.52 |
The correlation between AMES.DE and AMEQ.DE shifts across timeframes, from 0.52 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AMES.DE vs. AMEQ.DE — Risk / Return Rank
AMES.DE
AMEQ.DE
AMES.DE vs. AMEQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) and Amundi MSCI Europe Quality Factor UCITS ETF EUR (AMEQ.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.
| AMES.DE | AMEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.09 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 0.57 | +2.83 |
| Martin ratioReturn relative to average drawdown | 11.80 | 1.54 | +10.26 |
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
| AMES.DE | AMEQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.46 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.35 | +0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.53 | -0.05 |
Drawdowns
AMES.DE vs. AMEQ.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, which is greater than AMEQ.DE's maximum drawdown of -30.82%. Use the drawdown chart below to compare losses from any high point for AMES.DE and AMEQ.DE.
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Drawdown Indicators
| AMES.DE | AMEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -30.82% | -10.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -10.80% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -16.48% | +3.90% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -21.35% | +3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -3.37% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -5.12% | -4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.98% | -1.11% |
Volatility
AMES.DE vs. AMEQ.DE - Volatility Comparison
Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a higher volatility of 4.59% compared to Amundi MSCI Europe Quality Factor UCITS ETF EUR (AMEQ.DE) at 4.36%. This indicates that AMES.DE's price experiences larger fluctuations and is considered to be riskier than AMEQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMES.DE | AMEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 4.36% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 10.75% | +2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 13.30% | +3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 14.49% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 14.83% | +5.99% |
AMES.DE vs. AMEQ.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is higher than AMEQ.DE's 0.23% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AMES.DE vs. AMEQ.DE - Dividend Comparison
Neither AMES.DE nor AMEQ.DE has paid dividends to shareholders.
Frequently Asked Questions
AMES.DE and AMEQ.DE have a correlation of 0.64, 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 AMES.DE.
AMES.DE tracks MSCI Spain, while AMEQ.DE tracks MSCI Europe Quality. Their fees differ too: 0.25% for AMES.DE and 0.23% for AMEQ.DE.
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