AYEU.DE vs. AMEC.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - AYEU.DE tracks the STOXX Global Smart City Infrastructure Index while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, AYEU.DE returned 9.09%/yr vs 5.82%/yr for AMEC.DE. Their correlation of 0.81 suggests significant overlap in exposure. AYEU.DE charges 0.40%/yr vs 0.35%/yr for AMEC.DE.
Performance
AYEU.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEU.DE achieves a 16.81% return, which is significantly lower than AMEC.DE's 29.32% return.
AYEU.DE
- 1D
- 1.09%
- 1M
- -3.25%
- 6M
- 16.81%
- YTD
- 16.81%
- 1Y
- 22.71%
- 3Y*
- 14.16%
- 5Y*
- 9.09%
- 10Y*
- —
AMEC.DE
- 1D
- 0.67%
- 1M
- -2.30%
- 6M
- 29.49%
- YTD
- 29.32%
- 1Y
- 40.64%
- 3Y*
- 16.51%
- 5Y*
- 5.82%
- 10Y*
- —
AYEU.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 16.81% | 7.18% | 16.04% | 15.64% | -17.79% | 20.32% |
AMEC.DE Amundi Index Smart City UCITS ETF | 29.32% | 9.65% | 16.27% | 1.43% | -18.74% | -0.14% |
Correlation
The correlation between AYEU.DE and AMEC.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.81 |
The correlation between AYEU.DE and AMEC.DE has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
AYEU.DE vs. AMEC.DE — Risk / Return Rank
AYEU.DE
AMEC.DE
AYEU.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) and Amundi Index Smart City UCITS ETF (AMEC.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.
| AYEU.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 4.48 | -1.66 |
| Martin ratioReturn relative to average drawdown | 9.05 | 13.32 | -4.27 |
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Drawdowns
AYEU.DE vs. AMEC.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and AMEC.DE.
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Drawdown Indicators
| AYEU.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -35.49% | +13.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -9.02% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -24.98% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -27.34% | +5.22% |
Current DrawdownCurrent decline from peak | -3.25% | -4.18% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -11.39% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 3.04% | -0.54% |
Volatility
AYEU.DE vs. AMEC.DE - Volatility Comparison
The current volatility for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) is 5.11%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 7.93%. This indicates that AYEU.DE experiences smaller price fluctuations and is considered to be less risky than AMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEU.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 7.93% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 14.85% | -2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 18.73% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 17.80% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 19.32% | -3.45% |
AYEU.DE vs. AMEC.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than AMEC.DE's 0.35% expense ratio.
Dividends
AYEU.DE vs. AMEC.DE - Dividend Comparison
Neither AYEU.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEU.DE and AMEC.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEC.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEC.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for AYEU.DE.
AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for AYEU.DE and 0.35% for AMEC.DE.
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