AMES.DE vs. CEMT.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, AMES.DE returned 11.05%/yr vs 6.44%/yr for CEMT.DE. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
AMES.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, AMES.DE has outperformed CEMT.DE with an annualized return of 11.05%, while CEMT.DE has yielded a comparatively lower 6.44% annualized 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%
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.36%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
AMES.DE vs. CEMT.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% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -13.99% | 13.62% |
Correlation
The correlation between AMES.DE and CEMT.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.65 |
Over the past year, the correlation between AMES.DE and CEMT.DE has dropped to 0.35 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
AMES.DE vs. CEMT.DE — Risk / Return Rank
AMES.DE
CEMT.DE
AMES.DE vs. CEMT.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 iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.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 | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.21 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 1.10 | +2.30 |
| Martin ratioReturn relative to average drawdown | 11.80 | 4.03 | +7.76 |
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 | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.77 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.28 | +0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.40 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.37 | +0.10 |
Drawdowns
AMES.DE vs. CEMT.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, which is greater than CEMT.DE's maximum drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for AMES.DE and CEMT.DE.
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Drawdown Indicators
| AMES.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -37.66% | -3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -4.26% | -5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -14.36% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -29.23% | +11.46% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -37.66% | -3.32% |
Current DrawdownCurrent decline from peak | -0.52% | -0.39% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -7.08% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.16% | +1.71% |
Volatility
AMES.DE vs. CEMT.DE - Volatility Comparison
Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a higher volatility of 4.59% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that AMES.DE's price experiences larger fluctuations and is considered to be riskier than CEMT.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 | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 0.00% | +4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 0.00% | +13.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 6.11% | +10.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 14.61% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 16.11% | +4.71% |
AMES.DE vs. CEMT.DE - Expense Ratio Comparison
Both AMES.DE and CEMT.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. CEMT.DE - Dividend Comparison
Neither AMES.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
AMES.DE and CEMT.DE have a correlation of 0.35, 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 CEMT.DE have the same expense ratio: 0.25% per year.
AMES.DE tracks MSCI Spain, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: Amundi and iShares.
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