FTGE.DE vs. 540J.DE
FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) and 540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) are both Europe Equities funds - FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone while 540J.DE tracks the MSCI Switzerland. Both are passively managed. Over the past 5 years, FTGE.DE returned 11.74%/yr vs 8.21%/yr for 540J.DE. A 0.55 correlation means they provide meaningful diversification when combined. FTGE.DE charges 0.65%/yr vs 0.25%/yr for 540J.DE.
Performance
FTGE.DE vs. 540J.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGE.DE achieves a 12.96% return, which is significantly higher than 540J.DE's 10.20% return.
FTGE.DE
- 1D
- 0.00%
- 1M
- -0.29%
- YTD
- 12.96%
- 6M
- 13.77%
- 1Y
- 31.10%
- 3Y*
- 22.44%
- 5Y*
- 11.74%
- 10Y*
- —
540J.DE
- 1D
- 0.64%
- 1M
- 4.24%
- YTD
- 10.20%
- 6M
- 10.20%
- 1Y
- 23.68%
- 3Y*
- 12.11%
- 5Y*
- 8.21%
- 10Y*
- 9.92%
FTGE.DE vs. 540J.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 12.96% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 26.65% |
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 10.20% | 18.39% | 3.70% | 10.71% | -12.90% | 29.35% | 7.10% |
Correlation
The correlation between FTGE.DE and 540J.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 18, 2020 | 0.55 |
The correlation between FTGE.DE and 540J.DE shifts across timeframes, from 0.42 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FTGE.DE vs. 540J.DE — Risk / Return Rank
FTGE.DE
540J.DE
FTGE.DE vs. 540J.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 MSCI Switzerland UCITS ETF EUR (540J.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.
| FTGE.DE | 540J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.31 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 1.97 | +1.36 |
| Martin ratioReturn relative to average drawdown | 12.80 | 6.92 | +5.88 |
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Drawdowns
FTGE.DE vs. 540J.DE - Drawdown Comparison
The maximum FTGE.DE drawdown since its inception was -26.63%, roughly equal to the maximum 540J.DE drawdown of -26.00%. Use the drawdown chart below to compare losses from any high point for FTGE.DE and 540J.DE.
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Drawdown Indicators
| FTGE.DE | 540J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -26.00% | -0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -11.98% | +2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -15.78% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -17.64% | -8.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.00% | — |
Current DrawdownCurrent decline from peak | -1.61% | 0.00% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -5.64% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 3.41% | -0.97% |
Volatility
FTGE.DE vs. 540J.DE - Volatility Comparison
The current volatility for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) is 3.30%, while Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) has a volatility of 4.55%. This indicates that FTGE.DE experiences smaller price fluctuations and is considered to be less risky than 540J.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 | 540J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 4.55% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 10.94% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 13.73% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 13.64% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 14.06% | +4.32% |
FTGE.DE vs. 540J.DE - Expense Ratio Comparison
FTGE.DE has a 0.65% expense ratio, which is higher than 540J.DE's 0.25% expense ratio.
Dividends
FTGE.DE vs. 540J.DE - Dividend Comparison
Neither FTGE.DE nor 540J.DE has paid dividends to shareholders.
Frequently Asked Questions
FTGE.DE and 540J.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 540J.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
540J.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for FTGE.DE.
FTGE.DE tracks Nasdaq AlphaDEX® Eurozone, while 540J.DE tracks MSCI Switzerland. They also come from different issuers: First Trust and Amundi. Their fees differ too: 0.65% for FTGE.DE and 0.25% for 540J.DE.
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