EMUS.DE vs. AMES.DE
EMUS.DE (BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - EMUS.DE tracks the MSCI EMU SRI S-Series PAB 5% Capped while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 5 years, EMUS.DE returned 8.26%/yr vs 22.04%/yr for AMES.DE. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
EMUS.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMUS.DE achieves a 11.99% return, which is significantly lower than AMES.DE's 13.44% return.
EMUS.DE
- 1D
- -0.89%
- 1M
- -0.00%
- 6M
- 8.64%
- YTD
- 11.99%
- 1Y
- 17.72%
- 3Y*
- 13.78%
- 5Y*
- 8.26%
- 10Y*
- —
AMES.DE
- 1D
- -0.39%
- 1M
- -0.39%
- 6M
- 10.64%
- YTD
- 13.44%
- 1Y
- 41.82%
- 3Y*
- 31.24%
- 5Y*
- 22.04%
- 10Y*
- 12.09%
EMUS.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMUS.DE BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF | 11.99% | 15.33% | 10.68% | 12.15% | -14.21% | 25.76% | 1.58% | 7.40% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 13.44% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 5.34% |
Correlation
The correlation between EMUS.DE and AMES.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.74 |
The correlation between EMUS.DE and AMES.DE has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.
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Return for Risk
EMUS.DE vs. AMES.DE — Risk / Return Rank
EMUS.DE
AMES.DE
EMUS.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.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.
| EMUS.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.46 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 4.18 | -2.56 |
| Martin ratioReturn relative to average drawdown | 5.62 | 14.76 | -9.14 |
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Drawdowns
EMUS.DE vs. AMES.DE - Drawdown Comparison
The maximum EMUS.DE drawdown since its inception was -35.75%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for EMUS.DE and AMES.DE.
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Drawdown Indicators
| EMUS.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.75% | -40.98% | +5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -9.95% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -13.13% | -12.58% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -25.18% | -17.77% | -7.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.98% | — |
Current DrawdownCurrent decline from peak | -1.62% | -2.71% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -10.05% | +3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.83% | +0.32% |
Volatility
EMUS.DE vs. AMES.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.DE) is 3.53%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.03%. This indicates that EMUS.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
| EMUS.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 4.03% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 14.37% | -2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.54% | 16.51% | -2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 16.93% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 18.33% | -1.49% |
EMUS.DE vs. AMES.DE - Expense Ratio Comparison
Both EMUS.DE and AMES.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EMUS.DE vs. AMES.DE - Dividend Comparison
Neither EMUS.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
EMUS.DE and AMES.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EMUS.DE and AMES.DE have the same expense ratio: 0.25% per year.
EMUS.DE tracks MSCI EMU SRI S-Series PAB 5% Capped, while AMES.DE tracks MSCI Spain. They also come from different issuers: BNP Paribas and Amundi.
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