ETSZ.DE vs. AMEW.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and AMEW.DE (Amundi MSCI World UCITS ETF EUR) are both exchange-traded funds - ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600, while AMEW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 10 years, ETSZ.DE returned 9.16%/yr vs 12.59%/yr for AMEW.DE. Their correlation of 0.82 suggests significant overlap in exposure. ETSZ.DE charges 0.20%/yr vs 0.38%/yr for AMEW.DE.
Performance
ETSZ.DE vs. AMEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETSZ.DE achieves a 7.24% return, which is significantly lower than AMEW.DE's 10.74% return. Over the past 10 years, ETSZ.DE has underperformed AMEW.DE with an annualized return of 9.16%, while AMEW.DE has yielded a comparatively higher 12.59% annualized return.
ETSZ.DE
- 1D
- 0.59%
- 1M
- 0.81%
- YTD
- 7.24%
- 6M
- 9.81%
- 1Y
- 15.98%
- 3Y*
- 13.72%
- 5Y*
- 9.62%
- 10Y*
- 9.16%
AMEW.DE
- 1D
- -0.03%
- 1M
- 3.73%
- YTD
- 10.74%
- 6M
- 10.75%
- 1Y
- 23.28%
- 3Y*
- 17.26%
- 5Y*
- 12.62%
- 10Y*
- 12.59%
ETSZ.DE vs. AMEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 7.24% | 20.43% | 8.21% | 15.61% | -10.31% | 24.89% | -1.49% | 28.86% | -11.18% | 10.63% |
AMEW.DE Amundi MSCI World UCITS ETF EUR | 10.74% | 7.42% | 25.77% | 19.94% | -13.88% | 32.66% | 5.32% | 31.10% | -5.22% | 7.54% |
Correlation
The correlation between ETSZ.DE and AMEW.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.82 |
The correlation between ETSZ.DE and AMEW.DE shifts across timeframes, from 0.71 (3 years) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ETSZ.DE vs. AMEW.DE — Risk / Return Rank
ETSZ.DE
AMEW.DE
ETSZ.DE vs. AMEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) and Amundi MSCI World UCITS ETF EUR (AMEW.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.
| ETSZ.DE | AMEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.54 | -1.82 |
| Martin ratioReturn relative to average drawdown | 6.45 | 13.99 | -7.54 |
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
| ETSZ.DE | AMEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.10 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.88 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.83 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.87 | -0.35 |
Drawdowns
ETSZ.DE vs. AMEW.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.51%, which is greater than AMEW.DE's maximum drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and AMEW.DE.
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Drawdown Indicators
| ETSZ.DE | AMEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -33.73% | -1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -6.61% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -21.69% | +5.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -21.69% | +1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | -33.73% | -1.78% |
Current DrawdownCurrent decline from peak | -1.70% | -0.31% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -4.29% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 1.67% | +0.84% |
Volatility
ETSZ.DE vs. AMEW.DE - Volatility Comparison
BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) has a higher volatility of 4.34% compared to Amundi MSCI World UCITS ETF EUR (AMEW.DE) at 2.60%. This indicates that ETSZ.DE's price experiences larger fluctuations and is considered to be riskier than AMEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETSZ.DE | AMEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 2.60% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 7.64% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 11.11% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 14.16% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 15.03% | +0.51% |
ETSZ.DE vs. AMEW.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% expense ratio, which is lower than AMEW.DE's 0.38% expense ratio.
Dividends
ETSZ.DE vs. AMEW.DE - Dividend Comparison
Neither ETSZ.DE nor AMEW.DE has paid dividends to shareholders.
Frequently Asked Questions
ETSZ.DE and AMEW.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETSZ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETSZ.DE is cheaper with a 0.20% expense ratio, compared with 0.38% for AMEW.DE.
ETSZ.DE is categorized as Europe Equities, while AMEW.DE is Global Equities. ETSZ.DE tracks STOXX® Europe 600, while AMEW.DE tracks MSCI World. They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.20% for ETSZ.DE and 0.38% for AMEW.DE.
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