AMES.DE vs. SC0D.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, AMES.DE returned 12.09%/yr vs 10.85%/yr for SC0D.DE. Their correlation of 0.80 suggests significant overlap in exposure. AMES.DE charges 0.25%/yr vs 0.05%/yr for SC0D.DE.
Performance
AMES.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMES.DE achieves a 13.44% return, which is significantly higher than SC0D.DE's 9.71% return. Over the past 10 years, AMES.DE has outperformed SC0D.DE with an annualized return of 12.09%, while SC0D.DE has yielded a comparatively lower 10.85% annualized return.
AMES.DE
- 1D
- -0.39%
- 1M
- -0.39%
- 6M
- 10.64%
- YTD
- 13.44%
- 1Y
- 41.82%
- 3Y*
- 31.24%
- 5Y*
- 22.04%
- 10Y*
- 12.09%
SC0D.DE
- 1D
- -0.83%
- 1M
- -1.04%
- 6M
- 5.51%
- YTD
- 9.71%
- 1Y
- 18.75%
- 3Y*
- 15.56%
- 5Y*
- 12.12%
- 10Y*
- 10.85%
AMES.DE vs. SC0D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 13.44% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 15.76% | -12.77% | 11.84% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 9.71% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.06% | 10.07% |
Correlation
The correlation between AMES.DE and SC0D.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011 | 0.80 |
The correlation between AMES.DE and SC0D.DE has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
AMES.DE vs. SC0D.DE — Risk / Return Rank
AMES.DE
SC0D.DE
AMES.DE vs. SC0D.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 Invesco EURO STOXX 50 UCITS ETF (SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.22 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 1.71 | +2.48 |
| Martin ratioReturn relative to average drawdown | 14.76 | 6.00 | +8.76 |
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Drawdowns
AMES.DE vs. SC0D.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, which is greater than SC0D.DE's maximum drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for AMES.DE and SC0D.DE.
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Drawdown Indicators
| AMES.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -38.50% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -10.93% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -16.54% | +3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -23.38% | +5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -38.50% | -2.48% |
Current DrawdownCurrent decline from peak | -2.71% | -2.85% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -7.06% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 3.12% | -0.29% |
Volatility
AMES.DE vs. SC0D.DE - Volatility Comparison
Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) and Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) have volatilities of 4.03% and 4.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMES.DE | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 4.14% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 13.36% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.51% | 16.12% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 17.55% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 17.90% | +0.43% |
AMES.DE vs. SC0D.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is higher than SC0D.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. SC0D.DE - Dividend Comparison
Neither AMES.DE nor SC0D.DE has paid dividends to shareholders.
Frequently Asked Questions
AMES.DE and SC0D.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0D.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0D.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for AMES.DE.
AMES.DE tracks MSCI Spain, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.25% for AMES.DE and 0.05% for SC0D.DE.
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