AMES.DE vs. SLQX.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and SLQX.DE (Expat Slovenia SBI TOP UCITS ETF) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while SLQX.DE tracks the SBI TOP Index. Both are passively managed. Over the past 5 years, AMES.DE returned 22.11%/yr vs 23.30%/yr for SLQX.DE. At a 0.11 correlation, their price movements are largely independent. AMES.DE charges 0.25%/yr vs 1.38%/yr for SLQX.DE.
Performance
AMES.DE vs. SLQX.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 SLQX.DE's 26.18% 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%
SLQX.DE
- 1D
- 0.18%
- 1M
- 4.95%
- 6M
- 15.59%
- YTD
- 26.18%
- 1Y
- 29.14%
- 3Y*
- 36.50%
- 5Y*
- 23.30%
- 10Y*
- —
AMES.DE vs. SLQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -10.65% |
SLQX.DE Expat Slovenia SBI TOP UCITS ETF | 26.18% | 46.37% | 33.58% | 16.52% | -10.85% | 43.83% | -3.91% | 11.50% | -17.12% |
Correlation
The correlation between AMES.DE and SLQX.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.11 |
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Return for Risk
AMES.DE vs. SLQX.DE — Risk / Return Rank
AMES.DE
SLQX.DE
AMES.DE vs. SLQX.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 Expat Slovenia SBI TOP UCITS ETF (SLQX.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 | SLQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.29 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 2.31 | +2.00 |
| Martin ratioReturn relative to average drawdown | 15.26 | 5.57 | +9.69 |
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Drawdowns
AMES.DE vs. SLQX.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, which is greater than SLQX.DE's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for AMES.DE and SLQX.DE.
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Drawdown Indicators
| AMES.DE | SLQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -34.33% | -6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -12.32% | +2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -12.39% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -24.09% | +6.32% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | — | — |
Current DrawdownCurrent decline from peak | -2.43% | 0.00% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -8.99% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 5.13% | -2.31% |
Volatility
AMES.DE vs. SLQX.DE - Volatility Comparison
Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a higher volatility of 4.28% compared to Expat Slovenia SBI TOP UCITS ETF (SLQX.DE) at 3.38%. This indicates that AMES.DE's price experiences larger fluctuations and is considered to be riskier than SLQX.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 | SLQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 3.38% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 16.14% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 21.11% | -4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 18.41% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 17.91% | +0.42% |
AMES.DE vs. SLQX.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is lower than SLQX.DE's 1.38% expense ratio.
Dividends
AMES.DE vs. SLQX.DE - Dividend Comparison
Neither AMES.DE nor SLQX.DE has paid dividends to shareholders.
Frequently Asked Questions
AMES.DE and SLQX.DE have a correlation of 0.20, 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 1.38% for SLQX.DE.
AMES.DE tracks MSCI Spain, while SLQX.DE tracks SBI TOP Index. They also come from different issuers: Amundi and Expat. Their fees differ too: 0.25% for AMES.DE and 1.38% for SLQX.DE.
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