ELFC.DE vs. AMES.DE
ELFC.DE (Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - ELFC.DE tracks the EURO iSTOXX® ex Financials High Dividend 50 while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, ELFC.DE returned 9.47%/yr vs 13.10%/yr for AMES.DE. A 0.77 correlation means they provide meaningful diversification when combined. ELFC.DE charges 0.30%/yr vs 0.25%/yr for AMES.DE.
Performance
ELFC.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFC.DE achieves a 10.99% return, which is significantly lower than AMES.DE's 14.05% return. Over the past 10 years, ELFC.DE has underperformed AMES.DE with an annualized return of 9.47%, while AMES.DE has yielded a comparatively higher 13.10% annualized return.
ELFC.DE
- 1D
- -0.75%
- 1M
- -3.04%
- YTD
- 10.99%
- 6M
- 11.87%
- 1Y
- 18.46%
- 3Y*
- 11.98%
- 5Y*
- 9.84%
- 10Y*
- 9.47%
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%
ELFC.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 10.99% | 17.70% | -0.16% | 15.74% | 1.24% | 22.31% | -7.16% | 19.92% | -4.01% | 5.62% |
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 ELFC.DE and AMES.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2015 | 0.77 |
Over the past year, the correlation between ELFC.DE and AMES.DE has dropped to 0.44 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
ELFC.DE vs. AMES.DE — Risk / Return Rank
ELFC.DE
AMES.DE
ELFC.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.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.
| ELFC.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.49 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 4.54 | -1.81 |
| Martin ratioReturn relative to average drawdown | 7.56 | 16.06 | -8.50 |
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Drawdowns
ELFC.DE vs. AMES.DE - Drawdown Comparison
The maximum ELFC.DE drawdown since its inception was -37.68%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for ELFC.DE and AMES.DE.
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Drawdown Indicators
| ELFC.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.68% | -40.98% | +3.30% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -9.95% | +3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -12.58% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -16.82% | -17.77% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -37.68% | -40.98% | +3.30% |
Current DrawdownCurrent decline from peak | -3.04% | -0.52% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -10.09% | +5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.82% | -0.38% |
Volatility
ELFC.DE vs. AMES.DE - Volatility Comparison
The current volatility for Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) is 2.10%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.03%. This indicates that ELFC.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
| ELFC.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 4.03% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 14.00% | -5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.00% | 16.39% | -5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.73% | 16.96% | -3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.81% | 18.42% | -2.61% |
ELFC.DE vs. AMES.DE - Expense Ratio Comparison
ELFC.DE has a 0.30% expense ratio, which is higher than AMES.DE's 0.25% expense ratio.
Dividends
ELFC.DE vs. AMES.DE - Dividend Comparison
ELFC.DE's dividend yield for the trailing twelve months is around 3.84%, while AMES.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ELFC.DE Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 3.84% | 4.45% | 4.66% | 4.66% | 4.91% | 3.84% | 2.83% | 3.64% | 4.20% | 3.53% | 3.55% |
Frequently Asked Questions
ELFC.DE and AMES.DE have a correlation of 0.44, 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 0.30% for ELFC.DE.
ELFC.DE tracks EURO iSTOXX® ex Financials High Dividend 50, while AMES.DE tracks MSCI Spain. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.30% for ELFC.DE and 0.25% for AMES.DE.
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