AMES.DE vs. ZPRL.DE
AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) and ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) are both Europe Equities funds - AMES.DE tracks the MSCI Spain while ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100. Both are passively managed. Over the past 10 years, AMES.DE returned 11.05%/yr vs 6.55%/yr for ZPRL.DE. A 0.65 correlation means they provide meaningful diversification when combined. AMES.DE charges 0.25%/yr vs 0.30%/yr for ZPRL.DE.
Performance
AMES.DE vs. ZPRL.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 higher than ZPRL.DE's 5.19% return. Over the past 10 years, AMES.DE has outperformed ZPRL.DE with an annualized return of 11.05%, while ZPRL.DE has yielded a comparatively lower 6.55% annualized 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%
ZPRL.DE
- 1D
- 0.22%
- 1M
- -0.23%
- YTD
- 5.19%
- 6M
- 6.78%
- 1Y
- 5.74%
- 3Y*
- 11.19%
- 5Y*
- 7.05%
- 10Y*
- 6.55%
AMES.DE vs. ZPRL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 7.00% | 55.41% | 19.00% | 25.94% | 0.03% | 6.96% | -12.87% | 15.76% | -12.77% | 11.84% |
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF | 5.19% | 18.48% | 7.41% | 12.34% | -14.65% | 17.34% | -5.25% | 22.05% | -8.17% | 15.38% |
Correlation
The correlation between AMES.DE and ZPRL.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2014 | 0.65 |
The correlation between AMES.DE and ZPRL.DE has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
AMES.DE vs. ZPRL.DE — Risk / Return Rank
AMES.DE
ZPRL.DE
AMES.DE vs. ZPRL.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 SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.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 | ZPRL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.11 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 0.72 | +2.68 |
| Martin ratioReturn relative to average drawdown | 11.80 | 2.02 | +9.78 |
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 | ZPRL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.62 | +1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.59 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.48 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.53 | -0.06 |
Drawdowns
AMES.DE vs. ZPRL.DE - Drawdown Comparison
The maximum AMES.DE drawdown since its inception was -40.98%, which is greater than ZPRL.DE's maximum drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for AMES.DE and ZPRL.DE.
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Drawdown Indicators
| AMES.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.98% | -35.35% | -5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -7.97% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -9.37% | -3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -17.77% | -23.37% | +5.60% |
Max Drawdown (10Y)Largest decline over 10 years | -40.98% | -35.35% | -5.63% |
Current DrawdownCurrent decline from peak | -0.52% | -3.70% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -5.39% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.84% | +0.03% |
Volatility
AMES.DE vs. ZPRL.DE - Volatility Comparison
Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a higher volatility of 4.59% compared to SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) at 2.90%. This indicates that AMES.DE's price experiences larger fluctuations and is considered to be riskier than ZPRL.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 | ZPRL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 2.90% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 7.65% | +6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 9.22% | +7.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 11.89% | +6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 13.60% | +7.22% |
AMES.DE vs. ZPRL.DE - Expense Ratio Comparison
AMES.DE has a 0.25% expense ratio, which is lower than ZPRL.DE's 0.30% expense ratio.
Dividends
AMES.DE vs. ZPRL.DE - Dividend Comparison
Neither AMES.DE nor ZPRL.DE has paid dividends to shareholders.
Frequently Asked Questions
AMES.DE and ZPRL.DE have a correlation of 0.65, 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 0.30% for ZPRL.DE.
AMES.DE tracks MSCI Spain, while ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.25% for AMES.DE and 0.30% for ZPRL.DE.
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