AMES.DE vs. WTEE.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while WTEE.DE tracks the WisdomTree Europe Equity Income. Both are passively managed. Over the past 5 years, AMES.DE returned 19.21%/yr vs 12.46%/yr for WTEE.DE. A 0.63 correlation means they provide meaningful diversification when combined. AMES.DE charges 0.25%/yr vs 0.29%/yr for WTEE.DE.
Performance
AMES.DE vs. WTEE.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 WTEE.DE's 13.70% 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%
WTEE.DE
- 1D
- -0.26%
- 1M
- 1.18%
- YTD
- 13.70%
- 6M
- 16.39%
- 1Y
- 25.85%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
AMES.DE vs. WTEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 7.00% | 55.41% | 19.00% | 25.94% | 0.03% | 6.96% | 17.51% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 28.40% | 2.20% | 15.07% | 0.05% | 18.73% | 6.60% |
Correlation
The correlation between AMES.DE and WTEE.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.63 |
The correlation between AMES.DE and WTEE.DE has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
AMES.DE vs. WTEE.DE — Risk / Return Rank
AMES.DE
WTEE.DE
AMES.DE vs. WTEE.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 WisdomTree Europe Equity Income UCITS ETF (WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.43 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 3.80 | -0.40 |
| Martin ratioReturn relative to average drawdown | 11.80 | 14.72 | -2.92 |
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 | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.35 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.93 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.08 | -0.60 |
Drawdowns
AMES.DE vs. WTEE.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for AMES.DE and WTEE.DE.
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Drawdown Indicators
| AMES.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -16.45% | -24.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -6.78% | -3.17% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -14.12% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -16.45% | -1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -1.96% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -2.65% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.75% | +1.12% |
Volatility
AMES.DE vs. WTEE.DE - Volatility Comparison
Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a higher volatility of 4.59% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 3.73%. This indicates that AMES.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 3.73% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 8.73% | +4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 10.94% | +5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 14.50% | +3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 14.99% | +5.83% |
AMES.DE vs. WTEE.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is lower than WTEE.DE's 0.29% expense ratio.
Dividends
AMES.DE vs. WTEE.DE - Dividend Comparison
AMES.DE has not paid dividends to shareholders, while WTEE.DE's dividend yield for the trailing twelve months is around 4.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% |
Frequently Asked Questions
AMES.DE and WTEE.DE have a correlation of 0.66, 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 0.29% for WTEE.DE.
AMES.DE tracks MSCI Spain, while WTEE.DE tracks WisdomTree Europe Equity Income. They also come from different issuers: Amundi and WisdomTree. Their fees differ too: 0.25% for AMES.DE and 0.29% for WTEE.DE.
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