AMES.DE vs. XB4A.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, AMES.DE returned 12.04%/yr vs 14.71%/yr for XB4A.DE. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
AMES.DE vs. XB4A.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 XB4A.DE's 24.81% return. Over the past 10 years, AMES.DE has underperformed XB4A.DE with an annualized return of 12.04%, while XB4A.DE has yielded a comparatively higher 14.71% annualized 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%
XB4A.DE
- 1D
- -0.62%
- 1M
- 1.14%
- 6M
- 22.10%
- YTD
- 24.81%
- 1Y
- 48.60%
- 3Y*
- 31.52%
- 5Y*
- 18.18%
- 10Y*
- 14.71%
AMES.DE vs. XB4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 13.77% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 15.76% | -12.77% | 11.84% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 24.81% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -17.99% | 32.88% |
Correlation
The correlation between AMES.DE and XB4A.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011 | 0.67 |
The correlation between AMES.DE and XB4A.DE has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
AMES.DE vs. XB4A.DE — Risk / Return Rank
AMES.DE
XB4A.DE
AMES.DE vs. XB4A.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 Xtrackers ATX UCITS ETF (Acc) (XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.46 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 4.44 | -0.13 |
| Martin ratioReturn relative to average drawdown | 15.26 | 15.07 | +0.20 |
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Drawdowns
AMES.DE vs. XB4A.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, smaller than the maximum XB4A.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for AMES.DE and XB4A.DE.
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Drawdown Indicators
| AMES.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -53.54% | +12.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -10.88% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -16.26% | +3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -32.50% | +14.73% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -53.54% | +12.56% |
Current DrawdownCurrent decline from peak | -2.43% | -1.85% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -9.88% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 3.22% | -0.40% |
Volatility
AMES.DE vs. XB4A.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) is 4.28%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 5.22%. This indicates that AMES.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 5.22% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 14.88% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 17.61% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 19.15% | -2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 20.15% | -1.82% |
AMES.DE vs. XB4A.DE - Expense Ratio Comparison
Both AMES.DE and XB4A.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AMES.DE vs. XB4A.DE - Dividend Comparison
Neither AMES.DE nor XB4A.DE has paid dividends to shareholders.
Frequently Asked Questions
AMES.DE and XB4A.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AMES.DE and XB4A.DE have the same expense ratio: 0.25% per year.
AMES.DE tracks MSCI Spain, while XB4A.DE tracks ATX Index. They also come from different issuers: Amundi and Xtrackers.
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