EL4G.DE vs. AMES.DE

Last updated Jun 5, 2026

EL4G.DE (Deka EURO STOXX Select Dividend 30 UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - EL4G.DE tracks the EURO STOXX® Select Dividend 30 while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, EL4G.DE returned 7.22%/yr vs 11.05%/yr for AMES.DE. A 0.70 correlation means they provide meaningful diversification when combined. EL4G.DE charges 0.30%/yr vs 0.25%/yr for AMES.DE.

Performance

EL4G.DE vs. AMES.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka EURO STOXX Select Dividend 30 UCITS ETF (EL4G.DE) and Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EL4G.DE achieves a 7.82% return, which is significantly higher than AMES.DE's 7.00% return. Over the past 10 years, EL4G.DE has underperformed AMES.DE with an annualized return of 7.22%, while AMES.DE has yielded a comparatively higher 11.05% annualized return.

EL4G.DE

• 1D: 0.34%
• 1M: 3.19%
• YTD: 7.82%
• 6M: 10.77%
• 1Y: 20.99%
• 3Y*: 19.84%
• 5Y*: 9.08%
• 10Y*: 7.22%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EL4G.DE vs. AMES.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EL4G.DE Deka EURO STOXX Select Dividend 30 UCITS ETF	7.82%	42.41%	7.70%	4.13%	-12.83%	23.11%	-18.16%	22.50%	-11.36%	9.45%
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR	7.00%	55.41%	19.00%	25.94%	0.03%	6.96%	-12.87%	15.76%	-12.77%	11.84%

Correlation

The correlation between EL4G.DE and AMES.DE is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011	0.70

The correlation between EL4G.DE and AMES.DE has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.

Return for Risk

EL4G.DE vs. AMES.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EL4G.DE

EL4G.DE Risk / Return Rank: 53
EL4G.DE Sharpe Ratio Rank: 54
EL4G.DE Sortino Ratio Rank: 53
EL4G.DE Omega Ratio Rank: 56
EL4G.DE Calmar Ratio Rank: 55
EL4G.DE Martin Ratio Rank: 50

AMES.DE

AMES.DE Risk / Return Rank: 64
AMES.DE Sharpe Ratio Rank: 62
AMES.DE Sortino Ratio Rank: 61
AMES.DE Omega Ratio Rank: 62
AMES.DE Calmar Ratio Rank: 69
AMES.DE Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EL4G.DE vs. AMES.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka EURO STOXX Select Dividend 30 UCITS ETF (EL4G.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.

	EL4G.DE	AMES.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.06	-0.24
Sortino ratio: Return per unit of downside risk	2.52	2.83	-0.31
Omega ratio: Gain probability vs. loss probability	1.34	1.37	-0.03
Calmar ratio: Return relative to maximum drawdown	2.67	3.40	-0.73
Martin ratio: Return relative to average drawdown	8.37	11.80	-3.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EL4G.DE vs. AMES.DE - Sharpe Ratio Comparison

The current EL4G.DE Sharpe Ratio is 1.82, which is comparable to the AMES.DE Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of EL4G.DE and AMES.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EL4G.DE	AMES.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	2.06	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	1.20	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.62	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.48	-0.20

Drawdowns

EL4G.DE vs. AMES.DE - Drawdown Comparison

The maximum EL4G.DE drawdown since its inception was -55.57%, which is greater than AMES.DE's maximum drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for EL4G.DE and AMES.DE.

Drawdown Indicators

	EL4G.DE	AMES.DE	Difference
Max Drawdown Largest peak-to-trough decline	-55.57%	-40.98%	-14.59%
Max Drawdown (1Y) Largest decline over 1 year	-7.86%	-9.95%	+2.09%
Max Drawdown (3Y) Largest decline over 3 years	-12.71%	-12.58%	-0.13%
Max Drawdown (5Y) Largest decline over 5 years	-24.15%	-17.77%	-6.38%
Max Drawdown (10Y) Largest decline over 10 years	-42.41%	-40.98%	-1.43%
Current Drawdown Current decline from peak	-1.41%	-0.52%	-0.89%
Average Drawdown Average peak-to-trough decline	-10.93%	-9.76%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	2.87%	-0.36%

Volatility

EL4G.DE vs. AMES.DE - Volatility Comparison

The current volatility for Deka EURO STOXX Select Dividend 30 UCITS ETF (EL4G.DE) is 3.32%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.59%. This indicates that EL4G.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.

Volatility by Period

	EL4G.DE	AMES.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	4.59%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	9.37%	13.65%	-4.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	16.43%	-4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	18.01%	-3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.09%	20.82%	-3.73%

EL4G.DE vs. AMES.DE - Expense Ratio Comparison

EL4G.DE has a 0.30% expense ratio, which is higher than AMES.DE's 0.25% expense ratio.

Dividends

EL4G.DE vs. AMES.DE - Dividend Comparison

EL4G.DE's dividend yield for the trailing twelve months is around 4.04%, while AMES.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMES.DE Amundi ETF MSCI Spain 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%	0.00%
EL4G.DE Deka EURO STOXX Select Dividend 30 UCITS ETF	4.04%	4.38%	5.65%	5.82%	5.35%	3.31%	3.69%	4.67%	4.94%	3.53%	3.83%	3.81%

Frequently Asked Questions

Can I hold both EL4G.DE and AMES.DE in my portfolio?

EL4G.DE and AMES.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EL4G.DE or AMES.DE?

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.

Which ETF is cheaper, EL4G.DE or AMES.DE?

AMES.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for EL4G.DE.

What is the main difference between EL4G.DE and AMES.DE?

EL4G.DE tracks EURO STOXX® Select Dividend 30, while AMES.DE tracks MSCI Spain. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.30% for EL4G.DE and 0.25% for AMES.DE.