EMND.DE vs. AMEC.DE
EMND.DE (iShares MSCI World ESG Enhanced UCITS ETF USD (Dist)) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - EMND.DE tracks the MSCI World ESG Enhanced Focus while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, EMND.DE returned 11.70%/yr vs 6.68%/yr for AMEC.DE. Their correlation of 0.80 suggests significant overlap in exposure. EMND.DE charges 0.20%/yr vs 0.35%/yr for AMEC.DE.
Performance
EMND.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMND.DE achieves a 10.17% return, which is significantly lower than AMEC.DE's 30.58% return.
EMND.DE
- 1D
- 0.02%
- 1M
- 3.68%
- YTD
- 10.17%
- 6M
- 10.17%
- 1Y
- 21.70%
- 3Y*
- 16.08%
- 5Y*
- 11.70%
- 10Y*
- —
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.00%
- YTD
- 30.58%
- 6M
- 28.27%
- 1Y
- 45.51%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
EMND.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMND.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) | 10.17% | 6.20% | 25.02% | 18.82% | -15.24% | 33.96% | 7.28% | 4.17% |
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.62% |
Correlation
The correlation between EMND.DE and AMEC.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.80 |
The correlation between EMND.DE and AMEC.DE has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
EMND.DE vs. AMEC.DE — Risk / Return Rank
EMND.DE
AMEC.DE
EMND.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EMND.DE) and Amundi Index Smart City UCITS ETF (AMEC.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.
| EMND.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.45 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 5.09 | -2.02 |
| Martin ratioReturn relative to average drawdown | 12.00 | 16.11 | -4.12 |
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
| EMND.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 2.65 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.38 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.44 | +0.36 |
Drawdowns
EMND.DE vs. AMEC.DE - Drawdown Comparison
The maximum EMND.DE drawdown since its inception was -33.15%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for EMND.DE and AMEC.DE.
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Drawdown Indicators
| EMND.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.15% | -35.49% | +2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -9.02% | +1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -21.24% | -24.98% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.24% | -27.33% | +6.09% |
Current DrawdownCurrent decline from peak | -0.33% | -1.34% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -11.50% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.86% | -1.05% |
Volatility
EMND.DE vs. AMEC.DE - Volatility Comparison
The current volatility for iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EMND.DE) is 2.65%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that EMND.DE experiences smaller price fluctuations and is considered to be less risky than AMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMND.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 6.73% | -4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 13.09% | -5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 17.36% | -5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 17.51% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 19.22% | -2.92% |
EMND.DE vs. AMEC.DE - Expense Ratio Comparison
EMND.DE has a 0.20% expense ratio, which is lower than AMEC.DE's 0.35% expense ratio.
Dividends
EMND.DE vs. AMEC.DE - Dividend Comparison
EMND.DE's dividend yield for the trailing twelve months is around 0.93%, while AMEC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AMEC.DE Amundi Index Smart City UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMND.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) | 0.93% | 1.03% | 1.28% | 1.47% | 2.54% | 1.70% | 1.83% | 1.30% |
Frequently Asked Questions
EMND.DE and AMEC.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMND.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMND.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for AMEC.DE.
EMND.DE tracks MSCI World ESG Enhanced Focus, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for EMND.DE and 0.35% for AMEC.DE.
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