EL4Y.DE vs. AMES.DE
EL4Y.DE (Deka STOXX Europe 50 UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - EL4Y.DE tracks the STOXX® Europe 50 while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, EL4Y.DE returned 10.52%/yr vs 13.44%/yr for AMES.DE. A 0.71 correlation means they provide meaningful diversification when combined. EL4Y.DE charges 0.19%/yr vs 0.25%/yr for AMES.DE.
Performance
EL4Y.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4Y.DE achieves a 10.99% return, which is significantly lower than AMES.DE's 14.53% return. Over the past 10 years, EL4Y.DE has underperformed AMES.DE with an annualized return of 10.52%, while AMES.DE has yielded a comparatively higher 13.44% annualized return.
EL4Y.DE
- 1D
- 0.80%
- 1M
- 3.17%
- YTD
- 10.99%
- 6M
- 11.63%
- 1Y
- 24.22%
- 3Y*
- 13.89%
- 5Y*
- 11.65%
- 10Y*
- 10.52%
AMES.DE
- 1D
- 0.72%
- 1M
- 7.06%
- YTD
- 14.53%
- 6M
- 15.44%
- 1Y
- 46.37%
- 3Y*
- 32.90%
- 5Y*
- 20.69%
- 10Y*
- 13.44%
EL4Y.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 10.99% | 18.13% | 7.66% | 14.56% | -1.50% | 25.85% | -6.24% | 28.33% | -10.18% | 8.88% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 14.53% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 15.76% | -12.77% | 11.84% |
Correlation
The correlation between EL4Y.DE and AMES.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011 | 0.71 |
The correlation between EL4Y.DE and AMES.DE has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
EL4Y.DE vs. AMES.DE — Risk / Return Rank
EL4Y.DE
AMES.DE
EL4Y.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka STOXX Europe 50 UCITS ETF (EL4Y.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.
| EL4Y.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.50 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 4.64 | -2.09 |
| Martin ratioReturn relative to average drawdown | 9.32 | 16.40 | -7.07 |
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Drawdowns
EL4Y.DE vs. AMES.DE - Drawdown Comparison
The maximum EL4Y.DE drawdown since its inception was -32.49%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for EL4Y.DE and AMES.DE.
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Drawdown Indicators
| EL4Y.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.49% | -40.98% | +8.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -9.95% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -17.12% | -12.58% | -4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -17.77% | +0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -32.49% | -40.98% | +8.49% |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -10.09% | +4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.82% | -0.23% |
Volatility
EL4Y.DE vs. AMES.DE - Volatility Comparison
The current volatility for Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) is 3.03%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.04%. This indicates that EL4Y.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
| EL4Y.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 4.04% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 13.99% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 16.47% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 16.97% | -3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 18.42% | -3.48% |
EL4Y.DE vs. AMES.DE - Expense Ratio Comparison
EL4Y.DE has a 0.19% 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
EL4Y.DE vs. AMES.DE - Dividend Comparison
EL4Y.DE's dividend yield for the trailing twelve months is around 2.28%, 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% |
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 2.28% | 2.61% | 2.93% | 2.60% | 2.77% | 2.44% | 2.71% | 3.11% | 3.82% | 3.38% | 3.49% | 3.65% |
Frequently Asked Questions
EL4Y.DE and AMES.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4Y.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4Y.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for AMES.DE.
EL4Y.DE tracks STOXX® Europe 50, while AMES.DE tracks MSCI Spain. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.19% for EL4Y.DE and 0.25% for AMES.DE.
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