FTGE.DE vs. 18M2.DE
FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 5 years, FTGE.DE returned 11.59%/yr vs 8.90%/yr for 18M2.DE. Their correlation of 0.83 suggests significant overlap in exposure. FTGE.DE charges 0.65%/yr vs 0.30%/yr for 18M2.DE.
Performance
FTGE.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGE.DE achieves a 13.73% return, which is significantly higher than 18M2.DE's 6.76% return.
FTGE.DE
- 1D
- 0.51%
- 1M
- 0.87%
- YTD
- 13.73%
- 6M
- 16.65%
- 1Y
- 29.62%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
18M2.DE
- 1D
- 0.32%
- 1M
- -0.40%
- YTD
- 6.76%
- 6M
- 8.83%
- 1Y
- 15.64%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
FTGE.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 24.16% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | 21.08% |
Correlation
The correlation between FTGE.DE and 18M2.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.83 |
The correlation between FTGE.DE and 18M2.DE has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
FTGE.DE vs. 18M2.DE — Risk / Return Rank
FTGE.DE
18M2.DE
FTGE.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| FTGE.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.28 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.55 | +0.72 |
| Martin ratioReturn relative to average drawdown | 12.30 | 6.71 | +5.59 |
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
| FTGE.DE | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.49 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.66 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.44 | +0.44 |
Drawdowns
FTGE.DE vs. 18M2.DE - Drawdown Comparison
The maximum FTGE.DE drawdown since its inception was -26.63%, smaller than the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for FTGE.DE and 18M2.DE.
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Drawdown Indicators
| FTGE.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -37.06% | +10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -6.19% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -14.68% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -20.81% | -5.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.06% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.44% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -6.42% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.36% | +0.14% |
Volatility
FTGE.DE vs. 18M2.DE - Volatility Comparison
First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) has a higher volatility of 3.83% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that FTGE.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTGE.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 2.63% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 8.33% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 10.62% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 13.41% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 15.44% | +2.97% |
FTGE.DE vs. 18M2.DE - Expense Ratio Comparison
FTGE.DE has a 0.65% expense ratio, which is higher than 18M2.DE's 0.30% expense ratio.
Dividends
FTGE.DE vs. 18M2.DE - Dividend Comparison
Neither FTGE.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
FTGE.DE and 18M2.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 18M2.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
18M2.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for FTGE.DE.
FTGE.DE tracks Nasdaq AlphaDEX® Eurozone, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: First Trust and Amundi. Their fees differ too: 0.65% for FTGE.DE and 0.30% for 18M2.DE.
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