FGLR.DE vs. AMEC.DE
FGLR.DE (Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - FGLR.DE tracks the Fidelity Sustainable Research Enhanced Global Equity while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, FGLR.DE returned 11.73%/yr vs 6.68%/yr for AMEC.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
FGLR.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FGLR.DE achieves a 9.94% return, which is significantly lower than AMEC.DE's 30.58% return.
FGLR.DE
- 1D
- 0.13%
- 1M
- 4.17%
- YTD
- 9.94%
- 6M
- 10.09%
- 1Y
- 22.01%
- 3Y*
- 15.71%
- 5Y*
- 11.73%
- 10Y*
- —
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.78%
- YTD
- 30.58%
- 6M
- 29.29%
- 1Y
- 46.14%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
FGLR.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FGLR.DE Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc | 9.94% | 5.43% | 24.62% | 20.29% | -14.52% | 32.48% | 11.79% |
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 14.04% |
Correlation
The correlation between FGLR.DE and AMEC.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.78 |
The correlation between FGLR.DE and AMEC.DE has been stable across timeframes, ranging from 0.77 to 0.78 - a consistent structural relationship.
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Return for Risk
FGLR.DE vs. AMEC.DE — Risk / Return Rank
FGLR.DE
AMEC.DE
FGLR.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLR.DE) and Amundi Index Smart City UCITS ETF (AMEC.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.
| FGLR.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.45 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 5.09 | -2.09 |
| Martin ratioReturn relative to average drawdown | 11.73 | 16.11 | -4.38 |
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
| FGLR.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 2.65 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.38 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.44 | +0.53 |
Drawdowns
FGLR.DE vs. AMEC.DE - Drawdown Comparison
The maximum FGLR.DE drawdown since its inception was -22.47%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for FGLR.DE and AMEC.DE.
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Drawdown Indicators
| FGLR.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -35.49% | +13.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -9.02% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -22.47% | -24.98% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | -27.33% | +4.86% |
Current DrawdownCurrent decline from peak | -0.15% | -1.34% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -11.50% | +7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 2.86% | -0.99% |
Volatility
FGLR.DE vs. AMEC.DE - Volatility Comparison
The current volatility for Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLR.DE) is 2.51%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that FGLR.DE experiences smaller price fluctuations and is considered to be less risky than AMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGLR.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 6.73% | -4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 13.09% | -5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 17.36% | -6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 17.51% | -3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 19.22% | -4.83% |
FGLR.DE vs. AMEC.DE - Expense Ratio Comparison
Both FGLR.DE and AMEC.DE have an expense ratio of 0.35%.
Dividends
FGLR.DE vs. AMEC.DE - Dividend Comparison
Neither FGLR.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
FGLR.DE and AMEC.DE have a correlation of 0.78, 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 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FGLR.DE and AMEC.DE have the same expense ratio: 0.35% per year.
FGLR.DE tracks Fidelity Sustainable Research Enhanced Global Equity, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: Fidelity and Amundi.
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