E903.DE vs. EHF1.DE
E903.DE (Amundi DivDAX II UCITS ETF Dist) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds from Amundi - E903.DE tracks the DivDAX® while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past 5 years, E903.DE returned 5.65%/yr vs 11.31%/yr for EHF1.DE. A 0.72 correlation means they provide meaningful diversification when combined. E903.DE charges 0.25%/yr vs 0.23%/yr for EHF1.DE.
Performance
E903.DE vs. EHF1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, E903.DE achieves a 1.54% return, which is significantly lower than EHF1.DE's 5.17% return.
E903.DE
- 1D
- -0.69%
- 1M
- -2.94%
- YTD
- 1.54%
- 6M
- 3.05%
- 1Y
- 8.07%
- 3Y*
- 9.49%
- 5Y*
- 5.65%
- 10Y*
- 7.64%
EHF1.DE
- 1D
- 0.61%
- 1M
- -1.98%
- YTD
- 5.17%
- 6M
- 7.16%
- 1Y
- 12.60%
- 3Y*
- 14.05%
- 5Y*
- 11.31%
- 10Y*
- —
E903.DE vs. EHF1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 1.54% | 21.96% | 4.36% | 17.02% | -10.82% | 13.58% | 1.62% | 23.29% | -15.17% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 5.17% | 19.17% | 9.83% | 14.12% | 1.04% | 18.25% | -9.78% | 24.88% | -2.98% |
Correlation
The correlation between E903.DE and EHF1.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2018 | 0.72 |
The correlation between E903.DE and EHF1.DE shifts across timeframes, from 0.64 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
E903.DE vs. EHF1.DE — Risk / Return Rank
E903.DE
EHF1.DE
E903.DE vs. EHF1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi DivDAX II UCITS ETF Dist (E903.DE) and Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.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.
| E903.DE | EHF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 2.09 | -1.25 |
| Martin ratioReturn relative to average drawdown | 2.33 | 5.91 | -3.58 |
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
| E903.DE | EHF1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.31 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.91 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.58 | -0.24 |
Drawdowns
E903.DE vs. EHF1.DE - Drawdown Comparison
The maximum E903.DE drawdown since its inception was -41.56%, which is greater than EHF1.DE's maximum drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for E903.DE and EHF1.DE.
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Drawdown Indicators
| E903.DE | EHF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.56% | -38.13% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -6.24% | -3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -12.89% | -2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -15.64% | -9.73% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | — | — |
Current DrawdownCurrent decline from peak | -5.02% | -4.13% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -4.65% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 2.21% | +1.34% |
Volatility
E903.DE vs. EHF1.DE - Volatility Comparison
Amundi DivDAX II UCITS ETF Dist (E903.DE) and Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) have volatilities of 3.68% and 3.69%, 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
| E903.DE | EHF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 3.69% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 7.94% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 9.92% | +4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 12.28% | +4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 15.39% | +3.29% |
E903.DE vs. EHF1.DE - Expense Ratio Comparison
E903.DE has a 0.25% expense ratio, which is higher than EHF1.DE's 0.23% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
E903.DE vs. EHF1.DE - Dividend Comparison
E903.DE's dividend yield for the trailing twelve months is around 3.61%, while EHF1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 3.61% | 3.66% | 4.20% | 5.26% | 3.88% | 2.62% | 3.28% | 3.24% | 3.74% | 2.45% | 2.97% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
E903.DE and EHF1.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EHF1.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EHF1.DE is cheaper with a 0.23% expense ratio, compared with 0.25% for E903.DE.
E903.DE tracks DivDAX®, while EHF1.DE tracks MSCI Europe High Dividend Yield. Their fees differ too: 0.25% for E903.DE and 0.23% for EHF1.DE.
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