F703.DE vs. F701.DE

Last updated Jul 4, 2026

F703.DE (Amundi Multi-Asset Portfolio Offensive UCITS ETF (Dist)) and F701.DE (Amundi Multi-Asset Portfolio UCITS ETF (Dist)) are both Global Allocation funds from Amundi. Both are actively managed. Over the past 5 years, F703.DE returned 9.39%/yr vs 6.97%/yr for F701.DE. A 0.76 correlation means they provide meaningful diversification when combined.

Performance

F703.DE vs. F701.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Multi-Asset Portfolio Offensive UCITS ETF (Dist) (F703.DE) and Amundi Multi-Asset Portfolio UCITS ETF (Dist) (F701.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, F703.DE achieves a 16.53% return, which is significantly higher than F701.DE's 13.63% return.

F703.DE

• 1D: 0.84%
• 1M: 0.38%
• 6M: 17.40%
• YTD: 16.53%
• 1Y: 26.98%
• 3Y*: 15.64%
• 5Y*: 9.39%
• 10Y*: —

F701.DE

• 1D: 1.11%
• 1M: 1.29%
• 6M: 13.08%
• YTD: 13.63%
• 1Y: 21.80%
• 3Y*: 12.59%
• 5Y*: 6.97%
• 10Y*: 7.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

F703.DE vs. F701.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
F703.DE Amundi Multi-Asset Portfolio Offensive UCITS ETF (Dist)	16.53%	12.46%	13.14%	13.81%	-12.35%	19.74%	6.25%	25.10%	-6.32%
F701.DE Amundi Multi-Asset Portfolio UCITS ETF (Dist)	13.63%	10.07%	10.15%	7.70%	-9.59%	16.55%	2.60%	19.49%	-2.78%

Correlation

The correlation between F703.DE and F701.DE is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018	0.76

Over the past year, the correlation between F703.DE and F701.DE has dropped to 0.52 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

F703.DE vs. F701.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

F703.DE

F703.DE Risk / Return Rank: 75
F703.DE Sharpe Ratio Rank: 66
F703.DE Sortino Ratio Rank: 66
F703.DE Omega Ratio Rank: 67
F703.DE Calmar Ratio Rank: 89
F703.DE Martin Ratio Rank: 87

F701.DE

F701.DE Risk / Return Rank: 75
F701.DE Sharpe Ratio Rank: 67
F701.DE Sortino Ratio Rank: 70
F701.DE Omega Ratio Rank: 60
F701.DE Calmar Ratio Rank: 89
F701.DE Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

F703.DE vs. F701.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Multi-Asset Portfolio Offensive UCITS ETF (Dist) (F703.DE) and Amundi Multi-Asset Portfolio UCITS ETF (Dist) (F701.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.

	F703.DE	F701.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.78	0.00
Sortino ratio: Return per unit of downside risk	2.51	2.61	-0.10
Omega ratio: Gain probability vs. loss probability	1.33	1.30	+0.03
Calmar ratio: Return relative to maximum drawdown	4.32	4.34	-0.01
Martin ratio: Return relative to average drawdown	14.82	16.04	-1.22

F703.DE vs. F701.DE - Sharpe Ratio Comparison

The current F703.DE Sharpe Ratio is 1.78, which is comparable to the F701.DE Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of F703.DE and F701.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

F703.DE vs. F701.DE - Drawdown Comparison

The maximum F703.DE drawdown since its inception was -30.85%, which is greater than F701.DE's maximum drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for F703.DE and F701.DE.

Drawdown Indicators

	F703.DE	F701.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.85%	-23.47%	-7.38%
Max Drawdown (1Y) Largest decline over 1 year	-6.21%	-5.01%	-1.20%
Max Drawdown (3Y) Largest decline over 3 years	-17.56%	-14.45%	-3.11%
Max Drawdown (5Y) Largest decline over 5 years	-17.56%	-14.45%	-3.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.47%	—
Current Drawdown Current decline from peak	-1.66%	0.00%	-1.66%
Average Drawdown Average peak-to-trough decline	-4.29%	-3.29%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.36%	+0.46%

Volatility

F703.DE vs. F701.DE - Volatility Comparison

Amundi Multi-Asset Portfolio Offensive UCITS ETF (Dist) (F703.DE) has a higher volatility of 5.33% compared to Amundi Multi-Asset Portfolio UCITS ETF (Dist) (F701.DE) at 4.73%. This indicates that F703.DE's price experiences larger fluctuations and is considered to be riskier than F701.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	F703.DE	F701.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	4.73%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	9.32%	+1.42%
Volatility (1Y) Calculated over the trailing 1-year period	15.16%	12.20%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.10%	12.36%	+1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	11.68%	+5.31%

Dividends

F703.DE vs. F701.DE - Dividend Comparison

F703.DE's dividend yield for the trailing twelve months is around 1.36%, more than F701.DE's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
F701.DE Amundi Multi-Asset Portfolio UCITS ETF (Dist)	1.16%	1.32%	1.01%	2.02%	1.46%	0.91%	1.16%	0.32%	0.65%
F703.DE Amundi Multi-Asset Portfolio Offensive UCITS ETF (Dist)	1.36%	1.59%	1.54%	3.02%	1.65%	1.14%	1.19%	0.30%	0.66%

Frequently Asked Questions

Can I hold both F703.DE and F701.DE in my portfolio?

F703.DE and F701.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.