AMES.DE vs. AW1T.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and AW1T.DE (UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) Acc) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while AW1T.DE tracks the MSCI EMU Value. Both are passively managed. Over the past 3 years, AMES.DE returned 29.84%/yr vs 20.19%/yr for AW1T.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
AMES.DE vs. AW1T.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with AMES.DE having a 7.00% return and AW1T.DE slightly higher at 7.24%.
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%
AW1T.DE
- 1D
- 0.20%
- 1M
- 2.46%
- YTD
- 7.24%
- 6M
- 10.70%
- 1Y
- 21.61%
- 3Y*
- 20.19%
- 5Y*
- —
- 10Y*
- —
AMES.DE vs. AW1T.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 7.00% | 55.41% | 19.00% | 25.94% | 1.46% |
AW1T.DE UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) Acc | 7.24% | 37.16% | 9.32% | 18.73% | 7.29% |
Correlation
The correlation between AMES.DE and AW1T.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.78 |
The correlation between AMES.DE and AW1T.DE has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AMES.DE vs. AW1T.DE — Risk / Return Rank
AMES.DE
AW1T.DE
AMES.DE vs. AW1T.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 UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) Acc (AW1T.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 | AW1T.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.30 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 2.42 | +0.98 |
| Martin ratioReturn relative to average drawdown | 11.80 | 8.19 | +3.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AMES.DE | AW1T.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.65 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | — | — |
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 | 1.50 | -1.02 |
Drawdowns
AMES.DE vs. AW1T.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, which is greater than AW1T.DE's maximum drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for AMES.DE and AW1T.DE.
Loading charts...
Drawdown Indicators
| AMES.DE | AW1T.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -14.81% | -26.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -8.88% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -14.81% | +2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -1.45% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -2.14% | -7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.63% | +0.24% |
Volatility
AMES.DE vs. AW1T.DE - Volatility Comparison
Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a higher volatility of 4.59% compared to UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) Acc (AW1T.DE) at 3.45%. This indicates that AMES.DE's price experiences larger fluctuations and is considered to be riskier than AW1T.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AMES.DE | AW1T.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 3.45% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 10.46% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 13.06% | +3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 13.79% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 13.79% | +7.03% |
AMES.DE vs. AW1T.DE - Expense Ratio Comparison
Both AMES.DE and AW1T.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AMES.DE vs. AW1T.DE - Dividend Comparison
Neither AMES.DE nor AW1T.DE has paid dividends to shareholders.
Frequently Asked Questions
AMES.DE and AW1T.DE have a correlation of 0.87, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AMES.DE and AW1T.DE have the same expense ratio: 0.25% per year.
AMES.DE tracks MSCI Spain, while AW1T.DE tracks MSCI EMU Value. They also come from different issuers: Amundi and UBS.
Find the right allocation for AMES.DE and AW1T.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer