AMES.DE vs. IBCJ.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, AMES.DE returned 11.05%/yr vs 9.17%/yr for IBCJ.DE. At a 0.44 correlation, their price movements are largely independent. AMES.DE charges 0.25%/yr vs 0.74%/yr for IBCJ.DE.
Performance
AMES.DE vs. IBCJ.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 IBCJ.DE's 16.30% return. Over the past 10 years, AMES.DE has outperformed IBCJ.DE with an annualized return of 11.05%, while IBCJ.DE has yielded a comparatively lower 9.17% 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%
IBCJ.DE
- 1D
- 0.17%
- 1M
- 5.66%
- YTD
- 16.30%
- 6M
- 25.77%
- 1Y
- 38.98%
- 3Y*
- 29.89%
- 5Y*
- 14.80%
- 10Y*
- 9.17%
AMES.DE vs. IBCJ.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% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | -18.69% | -3.73% | -9.07% | 35.59% |
Correlation
The correlation between AMES.DE and IBCJ.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
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 | 0.44 |
The correlation between AMES.DE and IBCJ.DE shifts across timeframes, from 0.44 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AMES.DE vs. IBCJ.DE — Risk / Return Rank
AMES.DE
IBCJ.DE
AMES.DE vs. IBCJ.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 MSCI Poland UCITS ETF USD (Acc) (IBCJ.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 | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.28 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 3.90 | -0.50 |
| Martin ratioReturn relative to average drawdown | 11.80 | 9.60 | +2.20 |
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 | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.65 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.55 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.36 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.15 | +0.33 |
Drawdowns
AMES.DE vs. IBCJ.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for AMES.DE and IBCJ.DE.
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Drawdown Indicators
| AMES.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -56.11% | +15.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -9.96% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -18.47% | +5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -47.31% | +29.54% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -56.11% | +15.13% |
Current DrawdownCurrent decline from peak | -0.52% | -1.16% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -19.38% | +9.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 4.05% | -1.18% |
Volatility
AMES.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) is 4.59%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that AMES.DE experiences smaller price fluctuations and is considered to be less risky than IBCJ.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 | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 7.13% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 17.61% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 23.48% | -7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 26.72% | -8.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 25.15% | -4.33% |
AMES.DE vs. IBCJ.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
AMES.DE vs. IBCJ.DE - Dividend Comparison
Neither AMES.DE nor IBCJ.DE has paid dividends to shareholders.
Frequently Asked Questions
AMES.DE and IBCJ.DE have a correlation of 0.56, 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 0.74% for IBCJ.DE.
AMES.DE tracks MSCI Spain, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for AMES.DE and 0.74% for IBCJ.DE.
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