AMES.DE vs. H4ZA.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, AMES.DE returned 11.05%/yr vs 10.80%/yr for H4ZA.DE. A 0.71 correlation means they provide meaningful diversification when combined. AMES.DE charges 0.25%/yr vs 0.05%/yr for H4ZA.DE.
Performance
AMES.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AMES.DE having a 7.00% return and H4ZA.DE slightly higher at 7.24%. Both investments have delivered pretty close results over the past 10 years, with AMES.DE having a 11.05% annualized return and H4ZA.DE not far behind at 10.80%.
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%
H4ZA.DE
- 1D
- 0.77%
- 1M
- 4.72%
- YTD
- 7.24%
- 6M
- 8.63%
- 1Y
- 15.73%
- 3Y*
- 16.60%
- 5Y*
- 12.12%
- 10Y*
- 10.80%
AMES.DE vs. H4ZA.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% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 7.24% | 22.26% | 13.81% | 22.59% | -8.87% | 23.72% | -2.73% | 30.07% | -11.96% | 10.07% |
Correlation
The correlation between AMES.DE and H4ZA.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011 | 0.71 |
The correlation between AMES.DE and H4ZA.DE shifts across timeframes, from 0.70 (10 years) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AMES.DE vs. H4ZA.DE — Risk / Return Rank
AMES.DE
H4ZA.DE
AMES.DE vs. H4ZA.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 HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.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 | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.18 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 1.43 | +1.97 |
| Martin ratioReturn relative to average drawdown | 11.80 | 4.85 | +6.95 |
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 | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.98 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.69 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.59 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.41 | +0.07 |
Drawdowns
AMES.DE vs. H4ZA.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, which is greater than H4ZA.DE's maximum drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for AMES.DE and H4ZA.DE.
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Drawdown Indicators
| AMES.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -38.41% | -2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -10.97% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -16.40% | +3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -23.26% | +5.49% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -38.41% | -2.57% |
Current DrawdownCurrent decline from peak | -0.52% | -0.50% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -7.84% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.24% | -0.37% |
Volatility
AMES.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) is 4.59%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that AMES.DE experiences smaller price fluctuations and is considered to be less risky than H4ZA.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 | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 4.95% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 12.99% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 15.99% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 17.50% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 18.17% | +2.65% |
AMES.DE vs. H4ZA.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is higher than H4ZA.DE's 0.05% 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. H4ZA.DE - Dividend Comparison
AMES.DE has not paid dividends to shareholders, while H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%.
| 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% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 2.44% | 2.49% | 5.35% | 2.93% | 2.94% | 1.94% | 2.06% | 2.84% | 3.55% | 2.73% | 2.85% | 2.70% |
Frequently Asked Questions
AMES.DE and H4ZA.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZA.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZA.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for AMES.DE.
AMES.DE tracks MSCI Spain, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.25% for AMES.DE and 0.05% for H4ZA.DE.
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