FVUB.L vs. AMES.DE
FVUB.L (Franklin FTSE Brazil UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both exchange-traded funds - FVUB.L is a Latin America Equities fund tracking the MSCI Brazil NR USD, while AMES.DE is a Europe Equities fund tracking the MSCI Spain. Both are passively managed. Over the past 5 years, FVUB.L returned 7.06%/yr vs 19.38%/yr for AMES.DE. At a 0.33 correlation, their price movements are largely independent. FVUB.L charges 0.19%/yr vs 0.25%/yr for AMES.DE.
Performance
FVUB.L vs. AMES.DE - Performance Comparison
Loading charts...
Different Trading Currencies
FVUB.L is traded in GBP, while AMES.DE is traded in EUR. To make them comparable, the AMES.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FVUB.L achieves a 14.58% return, which is significantly higher than AMES.DE's 6.16% return.
FVUB.L
- 1D
- -0.62%
- 1M
- -9.72%
- YTD
- 14.58%
- 6M
- 9.14%
- 1Y
- 36.63%
- 3Y*
- 10.68%
- 5Y*
- 7.06%
- 10Y*
- —
AMES.DE
- 1D
- 0.64%
- 1M
- 3.83%
- YTD
- 6.16%
- 6M
- 9.75%
- 1Y
- 37.60%
- 3Y*
- 30.03%
- 5Y*
- 19.38%
- 10Y*
- 12.13%
FVUB.L vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FVUB.L Franklin FTSE Brazil UCITS ETF | 14.58% | 35.51% | -26.77% | 26.33% | 23.83% | -15.44% | -22.19% | -14.94% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 6.16% | 63.50% | 13.81% | 23.47% | 5.48% | -0.59% | -7.95% | 2.93% |
Correlation
The correlation between FVUB.L and AMES.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.33 |
The correlation between FVUB.L and AMES.DE shifts across timeframes, from 0.28 (5 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FVUB.L vs. AMES.DE — Risk / Return Rank
FVUB.L
AMES.DE
FVUB.L vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil UCITS ETF (FVUB.L) 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.
| FVUB.L | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 3.48 | -0.84 |
| Martin ratioReturn relative to average drawdown | 8.35 | 11.97 | -3.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FVUB.L | AMES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 2.30 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 1.19 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.48 | -0.49 |
Drawdowns
FVUB.L vs. AMES.DE - Drawdown Comparison
The maximum FVUB.L drawdown since its inception was -58.22%, which is greater than AMES.DE's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for FVUB.L and AMES.DE.
Loading charts...
Drawdown Indicators
| FVUB.L | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.22% | -39.33% | -18.89% |
Max Drawdown (1Y)Largest decline over 1 year | -13.83% | -10.75% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | -10.75% | -16.75% |
Max Drawdown (5Y)Largest decline over 5 years | -29.42% | -19.03% | -10.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.33% | — |
Current DrawdownCurrent decline from peak | -13.83% | -1.13% | -12.70% |
Average DrawdownAverage peak-to-trough decline | -27.79% | -10.06% | -17.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 3.13% | +1.25% |
Volatility
FVUB.L vs. AMES.DE - Volatility Comparison
Franklin FTSE Brazil UCITS ETF (FVUB.L) has a higher volatility of 6.25% compared to Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) at 4.49%. This indicates that FVUB.L's price experiences larger fluctuations and is considered to be riskier than AMES.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FVUB.L | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 4.49% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 18.17% | 13.64% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 16.31% | +5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.57% | 18.47% | +7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.39% | 20.70% | +10.69% |
FVUB.L vs. AMES.DE - Expense Ratio Comparison
FVUB.L has a 0.19% expense ratio, which is lower than AMES.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FVUB.L vs. AMES.DE - Dividend Comparison
Neither FVUB.L nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
FVUB.L and AMES.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FVUB.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FVUB.L is cheaper with a 0.19% expense ratio, compared with 0.25% for AMES.DE.
FVUB.L is categorized as Latin America Equities, while AMES.DE is Europe Equities. FVUB.L tracks MSCI Brazil NR USD, while AMES.DE tracks MSCI Spain. They also come from different issuers: Franklin Templeton and Amundi. Their fees differ too: 0.19% for FVUB.L and 0.25% for AMES.DE.
Find the right allocation for FVUB.L and AMES.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer