EHF1.DE vs. AMES.DE
EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds from Amundi - EHF1.DE tracks the MSCI Europe High Dividend Yield while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, EHF1.DE returned 9.64%/yr vs 13.10%/yr for AMES.DE. A 0.73 correlation means they provide meaningful diversification when combined. EHF1.DE charges 0.23%/yr vs 0.25%/yr for AMES.DE.
Performance
EHF1.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHF1.DE achieves a 8.84% return, which is significantly lower than AMES.DE's 14.05% return. Over the past 10 years, EHF1.DE has underperformed AMES.DE with an annualized return of 9.64%, while AMES.DE has yielded a comparatively higher 13.10% annualized return.
EHF1.DE
- 1D
- -0.15%
- 1M
- 0.81%
- YTD
- 8.84%
- 6M
- 9.34%
- 1Y
- 18.91%
- 3Y*
- 15.74%
- 5Y*
- 11.95%
- 10Y*
- 9.64%
AMES.DE
- 1D
- -0.42%
- 1M
- 6.08%
- YTD
- 14.05%
- 6M
- 14.95%
- 1Y
- 45.42%
- 3Y*
- 32.13%
- 5Y*
- 20.59%
- 10Y*
- 13.10%
EHF1.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 8.84% | 19.17% | 9.83% | 14.12% | 1.04% | 18.25% | -9.78% | 27.00% | -5.56% | 4.73% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 14.05% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 15.76% | -12.77% | 11.84% |
Correlation
The correlation between EHF1.DE and AMES.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011 | 0.73 |
Over the past year, the correlation between EHF1.DE and AMES.DE has dropped to 0.52 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
EHF1.DE vs. AMES.DE — Risk / Return Rank
EHF1.DE
AMES.DE
EHF1.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.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.
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.
| EHF1.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.49 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 4.54 | -1.52 |
| Martin ratioReturn relative to average drawdown | 8.37 | 16.06 | -7.69 |
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Drawdowns
EHF1.DE vs. AMES.DE - Drawdown Comparison
The maximum EHF1.DE drawdown since its inception was -38.13%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for EHF1.DE and AMES.DE.
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Drawdown Indicators
| EHF1.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.13% | -40.98% | +2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -9.95% | +3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -12.89% | -12.58% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -15.64% | -17.77% | +2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -38.13% | -40.98% | +2.85% |
Current DrawdownCurrent decline from peak | -0.79% | -0.52% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -10.09% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.82% | -0.57% |
Volatility
EHF1.DE vs. AMES.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) is 2.92%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.03%. This indicates that EHF1.DE experiences smaller price fluctuations and is considered to be less risky 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
| EHF1.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 4.03% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 14.00% | -5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 16.39% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.28% | 16.96% | -4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 18.42% | -3.71% |
EHF1.DE vs. AMES.DE - Expense Ratio Comparison
EHF1.DE has a 0.23% 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
EHF1.DE vs. AMES.DE - Dividend Comparison
Neither EHF1.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
EHF1.DE and AMES.DE have a correlation of 0.52, 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 AMES.DE.
EHF1.DE tracks MSCI Europe High Dividend Yield, while AMES.DE tracks MSCI Spain. Their fees differ too: 0.23% for EHF1.DE and 0.25% for AMES.DE.
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