AW1Z.DE vs. AMES.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 22.04%/yr for AMES.DE. A 0.75 correlation means they provide meaningful diversification when combined. AW1Z.DE charges 0.14%/yr vs 0.25%/yr for AMES.DE.
Performance
AW1Z.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1Z.DE achieves a 9.37% return, which is significantly lower than AMES.DE's 13.44% return.
AW1Z.DE
- 1D
- 0.00%
- 1M
- -1.84%
- 6M
- 5.98%
- YTD
- 9.37%
- 1Y
- 14.54%
- 3Y*
- 11.80%
- 5Y*
- 7.97%
- 10Y*
- —
AMES.DE
- 1D
- -0.39%
- 1M
- -0.15%
- 6M
- 10.64%
- YTD
- 13.44%
- 1Y
- 42.05%
- 3Y*
- 31.24%
- 5Y*
- 22.04%
- 10Y*
- 12.09%
AW1Z.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1Z.DE UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc | 9.37% | 16.28% | 6.31% | 17.64% | -13.87% | 18.74% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 13.44% | 55.41% | 19.00% | 26.86% | -0.71% | 4.52% |
Correlation
The correlation between AW1Z.DE and AMES.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.75 |
The correlation between AW1Z.DE and AMES.DE has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
AW1Z.DE vs. AMES.DE — Risk / Return Rank
AW1Z.DE
AMES.DE
AW1Z.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) and Amundi ETF MSCI Spain UCITS ETF EUR (AMES.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.
| AW1Z.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.46 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 4.18 | -2.86 |
| Martin ratioReturn relative to average drawdown | 4.77 | 14.76 | -9.99 |
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Drawdowns
AW1Z.DE vs. AMES.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and AMES.DE.
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Drawdown Indicators
| AW1Z.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -40.98% | +16.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -9.95% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -12.58% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -17.77% | -6.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.98% | — |
Current DrawdownCurrent decline from peak | -2.16% | -2.71% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -10.05% | +4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.83% | +0.17% |
Volatility
AW1Z.DE vs. AMES.DE - Volatility Comparison
UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) and Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) have volatilities of 3.86% and 4.03%, 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
| AW1Z.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 4.03% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 14.37% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 16.51% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 16.93% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 18.33% | -2.28% |
AW1Z.DE vs. AMES.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% expense ratio, which is lower than AMES.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AW1Z.DE vs. AMES.DE - Dividend Comparison
Neither AW1Z.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1Z.DE and AMES.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW1Z.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1Z.DE is cheaper with a 0.14% expense ratio, compared with 0.25% for AMES.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while AMES.DE tracks MSCI Spain. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.14% for AW1Z.DE and 0.25% for AMES.DE.
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