AMES.DE vs. EXS2.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 10 years, AMES.DE returned 11.05%/yr vs 9.01%/yr for EXS2.DE. At a 0.48 correlation, their price movements are largely independent. AMES.DE charges 0.25%/yr vs 0.51%/yr for EXS2.DE.
Performance
AMES.DE vs. EXS2.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 EXS2.DE's 15.70% return. Over the past 10 years, AMES.DE has outperformed EXS2.DE with an annualized return of 11.05%, while EXS2.DE has yielded a comparatively lower 9.01% 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%
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.51%
- YTD
- 15.70%
- 6M
- 16.91%
- 1Y
- 6.46%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
AMES.DE vs. EXS2.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% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 39.90% |
Correlation
The correlation between AMES.DE and EXS2.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011 | 0.48 |
The correlation between AMES.DE and EXS2.DE has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
AMES.DE vs. EXS2.DE — Risk / Return Rank
AMES.DE
EXS2.DE
AMES.DE vs. EXS2.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 TecDAX UCITS ETF (DE) (EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.07 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 0.40 | +3.00 |
| Martin ratioReturn relative to average drawdown | 11.80 | 0.80 | +11.00 |
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 | EXS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.36 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.20 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.46 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.14 | +0.34 |
Drawdowns
AMES.DE vs. EXS2.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for AMES.DE and EXS2.DE.
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Drawdown Indicators
| AMES.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -84.49% | +43.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -16.12% | +6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -17.93% | +5.35% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -34.97% | +17.20% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -34.97% | -6.01% |
Current DrawdownCurrent decline from peak | -0.52% | -0.81% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -39.46% | +29.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 8.07% | -5.20% |
Volatility
AMES.DE vs. EXS2.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) is 4.59%, while iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a volatility of 5.29%. This indicates that AMES.DE experiences smaller price fluctuations and is considered to be less risky than EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 5.29% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 14.25% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 17.83% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 18.80% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 19.47% | +1.35% |
AMES.DE vs. EXS2.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is lower than EXS2.DE's 0.51% expense ratio.
Dividends
AMES.DE vs. EXS2.DE - Dividend Comparison
Neither AMES.DE nor EXS2.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
Frequently Asked Questions
AMES.DE and EXS2.DE have a correlation of 0.53, 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 0.51% for EXS2.DE.
AMES.DE tracks MSCI Spain, while EXS2.DE tracks TecDAX®. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for AMES.DE and 0.51% for EXS2.DE.
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