AMES.DE vs. EXXX.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, AMES.DE returned 12.04%/yr vs 14.37%/yr for EXXX.DE. A 0.69 correlation means they provide meaningful diversification when combined. AMES.DE charges 0.25%/yr vs 0.32%/yr for EXXX.DE.
Performance
AMES.DE vs. EXXX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMES.DE achieves a 13.77% return, which is significantly lower than EXXX.DE's 24.87% return. Over the past 10 years, AMES.DE has underperformed EXXX.DE with an annualized return of 12.04%, while EXXX.DE has yielded a comparatively higher 14.37% annualized return.
AMES.DE
- 1D
- -0.26%
- 1M
- 2.00%
- 6M
- 11.03%
- YTD
- 13.77%
- 1Y
- 43.12%
- 3Y*
- 31.43%
- 5Y*
- 22.11%
- 10Y*
- 12.04%
EXXX.DE
- 1D
- -0.33%
- 1M
- 1.29%
- 6M
- 22.20%
- YTD
- 24.87%
- 1Y
- 48.74%
- 3Y*
- 31.23%
- 5Y*
- 17.90%
- 10Y*
- 14.37%
AMES.DE vs. EXXX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 13.77% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 15.76% | -12.77% | 11.84% |
EXXX.DE iShares ATX UCITS ETF (DE) | 24.87% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between AMES.DE and EXXX.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011 | 0.69 |
The correlation between AMES.DE and EXXX.DE has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
AMES.DE vs. EXXX.DE — Risk / Return Rank
AMES.DE
EXXX.DE
AMES.DE vs. EXXX.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 ATX UCITS ETF (DE) (EXXX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMES.DE | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.47 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 4.53 | -0.22 |
| Martin ratioReturn relative to average drawdown | 15.26 | 15.24 | +0.02 |
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Drawdowns
AMES.DE vs. EXXX.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for AMES.DE and EXXX.DE.
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Drawdown Indicators
| AMES.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -71.43% | +30.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -10.71% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -16.11% | +3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -32.69% | +14.92% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -52.90% | +11.92% |
Current DrawdownCurrent decline from peak | -2.43% | -1.64% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -28.46% | +18.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 3.19% | -0.37% |
Volatility
AMES.DE vs. EXXX.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) is 4.28%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 5.00%. This indicates that AMES.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 5.00% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 14.65% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 17.46% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 19.14% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 19.93% | -1.60% |
AMES.DE vs. EXXX.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is lower than EXXX.DE's 0.32% expense ratio.
Dividends
AMES.DE vs. EXXX.DE - Dividend Comparison
AMES.DE has not paid dividends to shareholders, while EXXX.DE's dividend yield for the trailing twelve months is around 2.95%.
| 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% |
EXXX.DE iShares ATX UCITS ETF (DE) | 2.95% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
Frequently Asked Questions
AMES.DE and EXXX.DE have a correlation of 0.76, 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 0.32% for EXXX.DE.
AMES.DE tracks MSCI Spain, while EXXX.DE tracks ATX Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for AMES.DE and 0.32% for EXXX.DE.
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