EXSA.DE vs. AMES.DE
EXSA.DE (iShares STOXX Europe 600 UCITS ETF (DE)) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - EXSA.DE tracks the STOXX® Europe 600 while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, EXSA.DE returned 10.56%/yr vs 13.44%/yr for AMES.DE. A 0.76 correlation means they provide meaningful diversification when combined. EXSA.DE charges 0.20%/yr vs 0.25%/yr for AMES.DE.
Performance
EXSA.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXSA.DE achieves a 10.34% return, which is significantly lower than AMES.DE's 14.53% return. Over the past 10 years, EXSA.DE has underperformed AMES.DE with an annualized return of 10.56%, while AMES.DE has yielded a comparatively higher 13.44% annualized return.
EXSA.DE
- 1D
- 0.77%
- 1M
- 2.12%
- YTD
- 10.34%
- 6M
- 11.08%
- 1Y
- 22.39%
- 3Y*
- 15.45%
- 5Y*
- 9.94%
- 10Y*
- 10.56%
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%
EXSA.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 10.34% | 20.48% | 8.50% | 15.48% | -10.35% | 24.57% | -1.78% | 28.40% | -11.06% | 10.67% |
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 EXSA.DE and AMES.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011 | 0.76 |
The correlation between EXSA.DE and AMES.DE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
EXSA.DE vs. AMES.DE — Risk / Return Rank
EXSA.DE
AMES.DE
EXSA.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.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.
| EXSA.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.50 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 4.64 | -2.33 |
| Martin ratioReturn relative to average drawdown | 8.89 | 16.40 | -7.51 |
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Drawdowns
EXSA.DE vs. AMES.DE - Drawdown Comparison
The maximum EXSA.DE drawdown since its inception was -58.34%, which is greater than AMES.DE's maximum drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for EXSA.DE and AMES.DE.
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Drawdown Indicators
| EXSA.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.34% | -40.98% | -17.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -9.95% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -16.33% | -12.58% | -3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -17.77% | -2.92% |
Max Drawdown (10Y)Largest decline over 10 years | -35.69% | -40.98% | +5.29% |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -10.09% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.82% | -0.31% |
Volatility
EXSA.DE vs. AMES.DE - Volatility Comparison
The current volatility for iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) is 2.89%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.04%. This indicates that EXSA.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
| EXSA.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 4.04% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 13.99% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.00% | 16.47% | -3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 16.97% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 18.42% | -2.94% |
EXSA.DE vs. AMES.DE - Expense Ratio Comparison
EXSA.DE has a 0.20% 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
EXSA.DE vs. AMES.DE - Dividend Comparison
EXSA.DE's dividend yield for the trailing twelve months is around 2.48%, 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% |
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 2.48% | 2.54% | 2.79% | 2.68% | 2.76% | 2.22% | 1.85% | 2.87% | 2.94% | 4.42% | 3.42% | 2.97% |
Frequently Asked Questions
EXSA.DE and AMES.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXSA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for AMES.DE.
EXSA.DE tracks STOXX® Europe 600, while AMES.DE tracks MSCI Spain. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for EXSA.DE and 0.25% for AMES.DE.
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