DX2E.DE vs. AMEC.DE
DX2E.DE (Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc)) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - DX2E.DE tracks the S&P Global Infrastructure Net Total Return Index while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, DX2E.DE returned 11.43%/yr vs 5.82%/yr for AMEC.DE. A 0.53 correlation means they provide meaningful diversification when combined. DX2E.DE charges 0.60%/yr vs 0.35%/yr for AMEC.DE.
Performance
DX2E.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2E.DE achieves a 13.27% return, which is significantly lower than AMEC.DE's 29.32% return.
DX2E.DE
- 1D
- 0.58%
- 1M
- 3.26%
- 6M
- 12.67%
- YTD
- 13.27%
- 1Y
- 19.44%
- 3Y*
- 13.69%
- 5Y*
- 11.43%
- 10Y*
- 7.54%
AMEC.DE
- 1D
- 0.67%
- 1M
- -2.30%
- 6M
- 29.49%
- YTD
- 29.32%
- 1Y
- 40.64%
- 3Y*
- 16.51%
- 5Y*
- 5.82%
- 10Y*
- —
DX2E.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DX2E.DE Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) | 13.27% | 7.67% | 20.50% | 1.50% | 5.79% | 19.36% | -15.20% | 4.30% |
AMEC.DE Amundi Index Smart City UCITS ETF | 29.32% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.04% |
Correlation
The correlation between DX2E.DE and AMEC.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.53 |
Over the past year, the correlation between DX2E.DE and AMEC.DE has dropped to 0.28 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
DX2E.DE vs. AMEC.DE — Risk / Return Rank
DX2E.DE
AMEC.DE
DX2E.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) (DX2E.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.
| DX2E.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 4.48 | -0.44 |
| Martin ratioReturn relative to average drawdown | 10.10 | 13.32 | -3.22 |
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Drawdowns
DX2E.DE vs. AMEC.DE - Drawdown Comparison
The maximum DX2E.DE drawdown since its inception was -63.84%, which is greater than AMEC.DE's maximum drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for DX2E.DE and AMEC.DE.
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Drawdown Indicators
| DX2E.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.84% | -35.49% | -28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.79% | -9.02% | +4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -24.98% | +10.39% |
Max Drawdown (5Y)Largest decline over 5 years | -19.57% | -27.34% | +7.77% |
Max Drawdown (10Y)Largest decline over 10 years | -42.15% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -4.18% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -18.85% | -11.39% | -7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 3.04% | -1.12% |
Volatility
DX2E.DE vs. AMEC.DE - Volatility Comparison
The current volatility for Xtrackers S&P Global Infrastructure Swap UCITS ETF (Acc) (DX2E.DE) is 3.27%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 7.93%. This indicates that DX2E.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
| DX2E.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 7.93% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 14.85% | -6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.91% | 18.73% | -8.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.23% | 17.80% | -5.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 19.32% | -4.57% |
DX2E.DE vs. AMEC.DE - Expense Ratio Comparison
DX2E.DE has a 0.60% expense ratio, which is higher than AMEC.DE's 0.35% expense ratio.
Dividends
DX2E.DE vs. AMEC.DE - Dividend Comparison
Neither DX2E.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2E.DE and AMEC.DE have a correlation of 0.28, 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 0.60% for DX2E.DE.
DX2E.DE tracks S&P Global Infrastructure Net Total Return Index, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.60% for DX2E.DE and 0.35% for AMEC.DE.
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