FLXD.DE vs. AMES.DE
FLXD.DE (Franklin European Quality Dividend UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - FLXD.DE tracks the MSCI Europe High Div Yld NR EUR while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 5 years, FLXD.DE returned 12.32%/yr vs 20.59%/yr for AMES.DE. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
FLXD.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLXD.DE achieves a 11.15% return, which is significantly lower than AMES.DE's 14.05% return.
FLXD.DE
- 1D
- -0.19%
- 1M
- -0.89%
- YTD
- 11.15%
- 6M
- 11.72%
- 1Y
- 19.83%
- 3Y*
- 19.33%
- 5Y*
- 12.32%
- 10Y*
- —
AMES.DE
- 1D
- -0.42%
- 1M
- 6.08%
- YTD
- 14.05%
- 6M
- 14.95%
- 1Y
- 45.42%
- 3Y*
- 32.13%
- 5Y*
- 20.59%
- 10Y*
- 13.10%
FLXD.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLXD.DE Franklin European Quality Dividend UCITS ETF | 11.15% | 24.53% | 12.34% | 10.31% | -0.48% | 16.07% | -3.54% | 23.50% | -7.81% | 0.44% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 14.05% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 15.76% | -12.77% | -0.52% |
Correlation
The correlation between FLXD.DE and AMES.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2017 | 0.69 |
The correlation between FLXD.DE and AMES.DE shifts across timeframes, from 0.55 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLXD.DE vs. AMES.DE — Risk / Return Rank
FLXD.DE
AMES.DE
FLXD.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin European Quality Dividend UCITS ETF (FLXD.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.
| FLXD.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.49 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.92 | 4.54 | +0.38 |
| Martin ratioReturn relative to average drawdown | 13.29 | 16.06 | -2.77 |
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Drawdowns
FLXD.DE vs. AMES.DE - Drawdown Comparison
The maximum FLXD.DE drawdown since its inception was -35.13%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for FLXD.DE and AMES.DE.
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Drawdown Indicators
| FLXD.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.13% | -40.98% | +5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.01% | -9.95% | +5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -10.07% | -12.58% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | -17.77% | +3.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.98% | — |
Current DrawdownCurrent decline from peak | -2.89% | -0.52% | -2.37% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -10.09% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 2.82% | -1.33% |
Volatility
FLXD.DE vs. AMES.DE - Volatility Comparison
The current volatility for Franklin European Quality Dividend UCITS ETF (FLXD.DE) is 2.31%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.03%. This indicates that FLXD.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
| FLXD.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 4.03% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 14.00% | -6.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 16.39% | -7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.66% | 16.96% | -5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.07% | 18.42% | -4.35% |
FLXD.DE vs. AMES.DE - Expense Ratio Comparison
Both FLXD.DE and AMES.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FLXD.DE vs. AMES.DE - Dividend Comparison
FLXD.DE's dividend yield for the trailing twelve months is around 3.97%, while AMES.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FLXD.DE Franklin European Quality Dividend UCITS ETF | 3.97% | 4.27% | 4.31% | 4.99% | 5.20% | 4.61% | 3.48% | 4.38% | 5.45% | 0.72% |
Frequently Asked Questions
FLXD.DE and AMES.DE have a correlation of 0.55, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FLXD.DE and AMES.DE have the same expense ratio: 0.25% per year.
FLXD.DE tracks MSCI Europe High Div Yld NR EUR, while AMES.DE tracks MSCI Spain. They also come from different issuers: Franklin Templeton and Amundi.
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