AMES.DE vs. D5BL.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while D5BL.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, AMES.DE returned 11.05%/yr vs 10.77%/yr for D5BL.DE. A 0.71 correlation means they provide meaningful diversification when combined. AMES.DE charges 0.25%/yr vs 0.15%/yr for D5BL.DE.
Performance
AMES.DE vs. D5BL.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 lower than D5BL.DE's 13.85% return. Both investments have delivered pretty close results over the past 10 years, with AMES.DE having a 11.05% annualized return and D5BL.DE not far behind at 10.77%.
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%
D5BL.DE
- 1D
- -0.38%
- 1M
- 4.90%
- YTD
- 13.85%
- 6M
- 17.13%
- 1Y
- 33.04%
- 3Y*
- 21.76%
- 5Y*
- 14.60%
- 10Y*
- 10.77%
AMES.DE vs. D5BL.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% |
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF | 13.85% | 35.78% | 10.37% | 14.14% | -4.63% | 26.83% | -8.58% | 22.90% | -13.98% | 9.78% |
Correlation
The correlation between AMES.DE and D5BL.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 | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011 | 0.71 |
The correlation between AMES.DE and D5BL.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
AMES.DE vs. D5BL.DE — Risk / Return Rank
AMES.DE
D5BL.DE
AMES.DE vs. D5BL.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 Xtrackers MSCI Europe Value UCITS ETF (D5BL.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 | D5BL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.42 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 3.28 | +0.12 |
| Martin ratioReturn relative to average drawdown | 11.80 | 12.52 | -0.72 |
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 | D5BL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.28 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.93 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.60 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.48 | 0.00 |
Drawdowns
AMES.DE vs. D5BL.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, roughly equal to the maximum D5BL.DE drawdown of -40.40%. Use the drawdown chart below to compare losses from any high point for AMES.DE and D5BL.DE.
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Drawdown Indicators
| AMES.DE | D5BL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -40.40% | -0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -10.02% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -17.36% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -19.58% | +1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -40.40% | -0.58% |
Current DrawdownCurrent decline from peak | -0.52% | -1.22% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -7.23% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.63% | +0.24% |
Volatility
AMES.DE vs. D5BL.DE - Volatility Comparison
Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) and Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) have volatilities of 4.59% and 4.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMES.DE | D5BL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 4.83% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 11.54% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 14.44% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 15.59% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 17.76% | +3.06% |
AMES.DE vs. D5BL.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is higher than D5BL.DE's 0.15% 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. D5BL.DE - Dividend Comparison
Neither AMES.DE nor D5BL.DE has paid dividends to shareholders.
Frequently Asked Questions
AMES.DE and D5BL.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, D5BL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BL.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for AMES.DE.
AMES.DE tracks MSCI Spain, while D5BL.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.25% for AMES.DE and 0.15% for D5BL.DE.
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