AMES.DE vs. ED3F.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - AMES.DE is a Europe Equities fund tracking the MSCI Spain, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, AMES.DE returned 33.98% vs -1.88% for ED3F.DE. At a 0.23 correlation, their price movements are largely independent. AMES.DE charges 0.25%/yr vs 0.40%/yr for ED3F.DE.
Performance
AMES.DE vs. ED3F.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 ED3F.DE's 0.02% 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%
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMES.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 7.00% | 23.52% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between AMES.DE and ED3F.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.23 |
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Return for Risk
AMES.DE vs. ED3F.DE — Risk / Return Rank
AMES.DE
ED3F.DE
AMES.DE vs. ED3F.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 Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.01 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | -0.08 | +3.48 |
| Martin ratioReturn relative to average drawdown | 11.80 | -0.18 | +11.98 |
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 | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | -0.06 | +2.12 |
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 | 0.15 | +0.32 |
Drawdowns
AMES.DE vs. ED3F.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for AMES.DE and ED3F.DE.
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Drawdown Indicators
| AMES.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -23.91% | -17.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -23.91% | +13.96% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | — | — |
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% | -20.80% | +20.28% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -8.37% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 10.25% | -7.38% |
Volatility
AMES.DE vs. ED3F.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) is 4.59%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that AMES.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 10.58% | -5.99% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 22.80% | -9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 30.60% | -14.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 30.42% | -12.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 30.42% | -9.60% |
AMES.DE vs. ED3F.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
AMES.DE vs. ED3F.DE - Dividend Comparison
Neither AMES.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
AMES.DE and ED3F.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMES.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for ED3F.DE.
AMES.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. AMES.DE tracks MSCI Spain, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.25% for AMES.DE and 0.40% for ED3F.DE.
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