DEAM.DE vs. AMES.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - DEAM.DE tracks the MDAX® while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 5 years, DEAM.DE returned -0.95%/yr vs 19.21%/yr for AMES.DE. A 0.59 correlation means they provide meaningful diversification when combined. DEAM.DE charges 0.19%/yr vs 0.25%/yr for AMES.DE.
Performance
DEAM.DE vs. AMES.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DEAM.DE having a 6.73% return and AMES.DE slightly higher at 7.00%.
DEAM.DE
- 1D
- 0.22%
- 1M
- 5.09%
- YTD
- 6.73%
- 6M
- 10.46%
- 1Y
- 5.21%
- 3Y*
- 6.11%
- 5Y*
- -0.95%
- 10Y*
- —
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%
DEAM.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 6.73% | 19.33% | -6.03% | 7.33% | -28.80% | 13.67% | 8.05% | 15.51% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 7.00% | 55.41% | 19.00% | 25.94% | 0.03% | 6.96% | -12.87% | 7.33% |
Correlation
The correlation between DEAM.DE and AMES.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.59 |
The correlation between DEAM.DE and AMES.DE has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
DEAM.DE vs. AMES.DE — Risk / Return Rank
DEAM.DE
AMES.DE
DEAM.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.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.
| DEAM.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.37 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 3.40 | -3.04 |
| Martin ratioReturn relative to average drawdown | 0.98 | 11.80 | -10.82 |
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
| DEAM.DE | AMES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.06 | -1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 1.20 | -1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.48 | -0.29 |
Drawdowns
DEAM.DE vs. AMES.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, roughly equal to the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and AMES.DE.
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Drawdown Indicators
| DEAM.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -40.98% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -9.95% | -4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -12.58% | -5.90% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | -17.77% | -22.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.98% | — |
Current DrawdownCurrent decline from peak | -11.42% | -0.52% | -10.90% |
Average DrawdownAverage peak-to-trough decline | -16.30% | -9.76% | -6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 2.87% | +2.39% |
Volatility
DEAM.DE vs. AMES.DE - Volatility Comparison
Invesco MDAX UCITS ETF A (DEAM.DE) has a higher volatility of 5.08% compared to Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) at 4.59%. This indicates that DEAM.DE's price experiences larger fluctuations and is considered to be riskier than AMES.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEAM.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.59% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 13.65% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 16.43% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 18.01% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 20.82% | -1.21% |
DEAM.DE vs. AMES.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% 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
DEAM.DE vs. AMES.DE - Dividend Comparison
Neither DEAM.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and AMES.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for AMES.DE.
DEAM.DE tracks MDAX®, while AMES.DE tracks MSCI Spain. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for DEAM.DE and 0.25% for AMES.DE.
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