AMES.DE vs. XESD.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, AMES.DE returned 13.44%/yr vs 14.01%/yr for XESD.DE. With a 0.98 correlation, they move nearly in lockstep. AMES.DE charges 0.25%/yr vs 0.30%/yr for XESD.DE.
Performance
AMES.DE vs. XESD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AMES.DE having a 14.53% return and XESD.DE slightly higher at 14.69%. Both investments have delivered pretty close results over the past 10 years, with AMES.DE having a 13.44% annualized return and XESD.DE not far ahead at 14.01%.
AMES.DE
- 1D
- 0.72%
- 1M
- 7.06%
- YTD
- 14.53%
- 6M
- 15.44%
- 1Y
- 46.37%
- 3Y*
- 32.90%
- 5Y*
- 20.69%
- 10Y*
- 13.44%
XESD.DE
- 1D
- 0.62%
- 1M
- 6.78%
- YTD
- 14.69%
- 6M
- 15.76%
- 1Y
- 47.75%
- 3Y*
- 32.29%
- 5Y*
- 20.35%
- 10Y*
- 14.01%
AMES.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 14.53% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 15.76% | -12.77% | 11.84% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 14.69% | 58.72% | 14.57% | 26.76% | -1.63% | 10.91% | -10.10% | 15.69% | -12.39% | 12.92% |
Correlation
The correlation between AMES.DE and XESD.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.98 |
The correlation between AMES.DE and XESD.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
AMES.DE vs. XESD.DE — Risk / Return Rank
AMES.DE
XESD.DE
AMES.DE vs. XESD.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 Spanish Equity UCITS ETF (XESD.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 | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.50 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.64 | 4.62 | +0.01 |
| Martin ratioReturn relative to average drawdown | 16.40 | 16.31 | +0.08 |
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Drawdowns
AMES.DE vs. XESD.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, which is greater than XESD.DE's maximum drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for AMES.DE and XESD.DE.
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Drawdown Indicators
| AMES.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -38.76% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -10.28% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -12.49% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -18.55% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -38.76% | -2.22% |
Current DrawdownCurrent decline from peak | -0.10% | -0.18% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -10.09% | -8.46% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.92% | -0.10% |
Volatility
AMES.DE vs. XESD.DE - Volatility Comparison
Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) and Xtrackers Spanish Equity UCITS ETF (XESD.DE) have volatilities of 4.04% and 4.05%, 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 | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 4.05% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.99% | 14.41% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.47% | 17.06% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 16.77% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 18.49% | -0.07% |
AMES.DE vs. XESD.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is lower than XESD.DE's 0.30% expense ratio.
Dividends
AMES.DE vs. XESD.DE - Dividend Comparison
AMES.DE has not paid dividends to shareholders, while XESD.DE's dividend yield for the trailing twelve months is around 2.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.34% | 2.43% | 3.14% | 2.56% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% | 2.51% | 1.14% | 0.42% |
Frequently Asked Questions
With a correlation of 0.98, AMES.DE and XESD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.30% for XESD.DE.
AMES.DE tracks MSCI Spain, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.25% for AMES.DE and 0.30% for XESD.DE.
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