ED3F.DE vs. AMES.DE
ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both exchange-traded funds - ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index, while AMES.DE is a Europe Equities fund tracking the MSCI Spain. Both are passively managed. Over the past year, ED3F.DE returned -1.88% vs 33.03% for AMES.DE. At a 0.23 correlation, their price movements are largely independent. ED3F.DE charges 0.40%/yr vs 0.25%/yr for AMES.DE.
Performance
ED3F.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ED3F.DE achieves a 0.44% return, which is significantly lower than AMES.DE's 6.45% return.
ED3F.DE
- 1D
- -1.78%
- 1M
- -6.98%
- YTD
- 0.44%
- 6M
- 6.18%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMES.DE
- 1D
- -0.49%
- 1M
- 5.09%
- YTD
- 6.45%
- 6M
- 11.26%
- 1Y
- 33.03%
- 3Y*
- 29.52%
- 5Y*
- 19.09%
- 10Y*
- 11.02%
ED3F.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.44% | 4.82% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 6.45% | 23.52% |
Correlation
The correlation between ED3F.DE and AMES.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.23 |
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Return for Risk
ED3F.DE vs. AMES.DE — Risk / Return Rank
ED3F.DE
AMES.DE
ED3F.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.
| ED3F.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.36 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.30 | -3.38 |
| Martin ratioReturn relative to average drawdown | -0.18 | 11.47 | -11.65 |
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
| ED3F.DE | AMES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 2.00 | -2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.20 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.48 | -0.31 |
Drawdowns
ED3F.DE vs. AMES.DE - Drawdown Comparison
The maximum ED3F.DE drawdown since its inception was -23.91%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for ED3F.DE and AMES.DE.
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Drawdown Indicators
| ED3F.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.91% | -40.98% | +17.07% |
Max Drawdown (1Y)Largest decline over 1 year | -23.91% | -9.95% | -13.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.98% | — |
Current DrawdownCurrent decline from peak | -20.47% | -1.03% | -19.44% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -9.76% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.36% | 2.87% | +7.49% |
Volatility
ED3F.DE vs. AMES.DE - Volatility Comparison
Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a higher volatility of 10.61% compared to Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) at 5.13%. This indicates that ED3F.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
| ED3F.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.61% | 5.13% | +5.48% |
Volatility (6M)Calculated over the trailing 6-month period | 22.81% | 13.64% | +9.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.68% | 16.45% | +14.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.47% | 18.01% | +12.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.47% | 20.83% | +9.64% |
ED3F.DE vs. AMES.DE - Expense Ratio Comparison
ED3F.DE has a 0.40% expense ratio, which is higher than AMES.DE's 0.25% expense ratio.
Dividends
ED3F.DE vs. AMES.DE - Dividend Comparison
Neither ED3F.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
ED3F.DE and AMES.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMES.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for ED3F.DE.
ED3F.DE is categorized as Aerospace & Defense, while AMES.DE is Europe Equities. ED3F.DE tracks Mirae Asset Europe Defence Tech Index, while AMES.DE tracks MSCI Spain. They also come from different issuers: Global X and Amundi. Their fees differ too: 0.40% for ED3F.DE and 0.25% for AMES.DE.
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