AMES.DE vs. EHF1.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds from Amundi - AMES.DE tracks the MSCI Spain while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past 5 years, AMES.DE returned 19.21%/yr vs 11.31%/yr for EHF1.DE. A 0.60 correlation means they provide meaningful diversification when combined. AMES.DE charges 0.25%/yr vs 0.23%/yr for EHF1.DE.
Performance
AMES.DE vs. EHF1.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 EHF1.DE's 5.17% 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%
EHF1.DE
- 1D
- 0.61%
- 1M
- -0.73%
- YTD
- 5.17%
- 6M
- 6.71%
- 1Y
- 13.10%
- 3Y*
- 14.05%
- 5Y*
- 11.31%
- 10Y*
- —
AMES.DE vs. EHF1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -14.71% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 5.17% | 19.17% | 9.83% | 14.12% | 1.04% | 18.25% | -9.78% | 24.88% | -2.98% |
Correlation
The correlation between AMES.DE and EHF1.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2018 | 0.60 |
The correlation between AMES.DE and EHF1.DE has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
AMES.DE vs. EHF1.DE — Risk / Return Rank
AMES.DE
EHF1.DE
AMES.DE vs. EHF1.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 High Dividend Factor UCITS ETF EUR (EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 2.09 | +1.31 |
| Martin ratioReturn relative to average drawdown | 11.80 | 5.91 | +5.88 |
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 | EHF1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.31 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.91 | +0.29 |
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 | 0.58 | -0.10 |
Drawdowns
AMES.DE vs. EHF1.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, which is greater than EHF1.DE's maximum drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for AMES.DE and EHF1.DE.
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Drawdown Indicators
| AMES.DE | EHF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -38.13% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -6.24% | -3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -12.89% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -15.64% | -2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -4.13% | +3.61% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -4.65% | -5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.21% | +0.66% |
Volatility
AMES.DE vs. EHF1.DE - Volatility Comparison
Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a higher volatility of 4.59% compared to Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) at 3.69%. This indicates that AMES.DE's price experiences larger fluctuations and is considered to be riskier than EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 3.69% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 7.94% | +5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 9.92% | +6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 12.28% | +5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 15.39% | +5.43% |
AMES.DE vs. EHF1.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is higher than EHF1.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. EHF1.DE - Dividend Comparison
Neither AMES.DE nor EHF1.DE has paid dividends to shareholders.
Frequently Asked Questions
AMES.DE and EHF1.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EHF1.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EHF1.DE is cheaper with a 0.23% expense ratio, compared with 0.25% for AMES.DE.
AMES.DE tracks MSCI Spain, while EHF1.DE tracks MSCI Europe High Dividend Yield. Their fees differ too: 0.25% for AMES.DE and 0.23% for EHF1.DE.
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