EXSE.DE vs. AMES.DE
EXSE.DE (iShares STOXX Europe Small 200 UCITS ETF (DE)) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - EXSE.DE tracks the STOXX® Europe Small 200 while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, EXSE.DE returned 7.21%/yr vs 11.05%/yr for AMES.DE. A 0.63 correlation means they provide meaningful diversification when combined. EXSE.DE charges 0.20%/yr vs 0.25%/yr for AMES.DE.
Performance
EXSE.DE vs. AMES.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EXSE.DE having a 7.33% return and AMES.DE slightly lower at 7.00%. Over the past 10 years, EXSE.DE has underperformed AMES.DE with an annualized return of 7.21%, while AMES.DE has yielded a comparatively higher 11.05% annualized return.
EXSE.DE
- 1D
- 0.55%
- 1M
- 1.10%
- YTD
- 7.33%
- 6M
- 10.98%
- 1Y
- 15.08%
- 3Y*
- 11.63%
- 5Y*
- 3.52%
- 10Y*
- 7.21%
AMES.DE
- 1D
- 0.51%
- 1M
- 1.18%
- YTD
- 7.00%
- 6M
- 11.24%
- 1Y
- 32.97%
- 3Y*
- 29.84%
- 5Y*
- 19.21%
- 10Y*
- 11.05%
EXSE.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXSE.DE iShares STOXX Europe Small 200 UCITS ETF (DE) | 7.33% | 18.59% | 3.15% | 12.44% | -23.69% | 22.14% | 4.50% | 30.93% | -13.60% | 17.93% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 7.00% | 55.41% | 19.00% | 25.94% | 0.03% | 6.96% | -12.87% | 15.76% | -12.77% | 11.84% |
Correlation
The correlation between EXSE.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 | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011 | 0.63 |
The correlation between EXSE.DE and AMES.DE shifts across timeframes, from 0.63 (10 years) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EXSE.DE vs. AMES.DE — Risk / Return Rank
EXSE.DE
AMES.DE
EXSE.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.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.
| EXSE.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.40 | -1.91 |
| Martin ratioReturn relative to average drawdown | 5.48 | 11.80 | -6.32 |
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
| EXSE.DE | AMES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.06 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.20 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.62 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.48 | -0.09 |
Drawdowns
EXSE.DE vs. AMES.DE - Drawdown Comparison
The maximum EXSE.DE drawdown since its inception was -62.51%, 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 EXSE.DE and AMES.DE.
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Drawdown Indicators
| EXSE.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.51% | -40.98% | -21.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.36% | -9.95% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -12.58% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -35.13% | -17.77% | -17.36% |
Max Drawdown (10Y)Largest decline over 10 years | -38.03% | -40.98% | +2.95% |
Current DrawdownCurrent decline from peak | -1.14% | -0.52% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -12.96% | -9.76% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.87% | -0.05% |
Volatility
EXSE.DE vs. AMES.DE - Volatility Comparison
The current volatility for iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.DE) is 3.72%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.59%. This indicates that EXSE.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
| EXSE.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 4.59% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 13.65% | -2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 16.43% | -3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 18.01% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 20.82% | -3.48% |
EXSE.DE vs. AMES.DE - Expense Ratio Comparison
EXSE.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
EXSE.DE vs. AMES.DE - Dividend Comparison
EXSE.DE's dividend yield for the trailing twelve months is around 2.67%, 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% |
EXSE.DE iShares STOXX Europe Small 200 UCITS ETF (DE) | 2.67% | 2.91% | 2.58% | 2.29% | 2.59% | 1.43% | 1.25% | 2.13% | 2.59% | 3.45% | 2.83% | 2.87% |
Frequently Asked Questions
EXSE.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.
On fees, EXSE.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSE.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for AMES.DE.
EXSE.DE tracks STOXX® Europe Small 200, while AMES.DE tracks MSCI Spain. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for EXSE.DE and 0.25% for AMES.DE.
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