GC40.DE vs. AMED.DE
GC40.DE (Amundi CAC 40 ESG UCITS ETF - EUR) and AMED.DE (Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C)) are both Europe Equities funds from Amundi - GC40.DE tracks the CAC 40® ESG while AMED.DE tracks the MSCI EMU ESG Leaders Select 5% Issuer Capped. Both are passively managed. Over the past 10 years, GC40.DE returned 9.36%/yr vs 9.75%/yr for AMED.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
GC40.DE vs. AMED.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GC40.DE achieves a 0.95% return, which is significantly lower than AMED.DE's 16.87% return. Both investments have delivered pretty close results over the past 10 years, with GC40.DE having a 9.36% annualized return and AMED.DE not far ahead at 9.75%.
GC40.DE
- 1D
- 1.36%
- 1M
- 3.87%
- YTD
- 0.95%
- 6M
- 1.40%
- 1Y
- 5.23%
- 3Y*
- 7.56%
- 5Y*
- 7.78%
- 10Y*
- 9.36%
AMED.DE
- 1D
- 0.51%
- 1M
- 7.96%
- YTD
- 16.87%
- 6M
- 18.54%
- 1Y
- 26.45%
- 3Y*
- 16.11%
- 5Y*
- 10.41%
- 10Y*
- 9.75%
GC40.DE vs. AMED.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GC40.DE Amundi CAC 40 ESG UCITS ETF - EUR | 0.95% | 15.22% | 2.62% | 20.63% | -8.91% | 30.85% | -4.80% | 32.50% | -9.74% | 13.31% |
AMED.DE Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) | 16.87% | 20.15% | 5.95% | 16.68% | -10.71% | 20.90% | -1.35% | 27.22% | -12.98% | 11.86% |
Correlation
The correlation between GC40.DE and AMED.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | 0.94 |
The correlation between GC40.DE and AMED.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
GC40.DE vs. AMED.DE — Risk / Return Rank
GC40.DE
AMED.DE
GC40.DE vs. AMED.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi CAC 40 ESG UCITS ETF - EUR (GC40.DE) and Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) (AMED.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.
| GC40.DE | AMED.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.33 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 2.49 | -2.08 |
| Martin ratioReturn relative to average drawdown | 1.24 | 9.40 | -8.17 |
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
| GC40.DE | AMED.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 1.74 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.65 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.57 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.47 | -0.03 |
Drawdowns
GC40.DE vs. AMED.DE - Drawdown Comparison
The maximum GC40.DE drawdown since its inception was -38.73%, roughly equal to the maximum AMED.DE drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for GC40.DE and AMED.DE.
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Drawdown Indicators
| GC40.DE | AMED.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.73% | -38.35% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -10.56% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.90% | -14.07% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -24.06% | +1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | -38.35% | -0.38% |
Current DrawdownCurrent decline from peak | -2.92% | -0.17% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -6.69% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 2.81% | +1.41% |
Volatility
GC40.DE vs. AMED.DE - Volatility Comparison
The current volatility for Amundi CAC 40 ESG UCITS ETF - EUR (GC40.DE) is 4.84%, while Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) (AMED.DE) has a volatility of 5.61%. This indicates that GC40.DE experiences smaller price fluctuations and is considered to be less risky than AMED.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GC40.DE | AMED.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 5.61% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 12.64% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 15.19% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 15.87% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 17.00% | +0.96% |
GC40.DE vs. AMED.DE - Expense Ratio Comparison
Both GC40.DE and AMED.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
GC40.DE vs. AMED.DE - Dividend Comparison
Neither GC40.DE nor AMED.DE has paid dividends to shareholders.
Frequently Asked Questions
GC40.DE and AMED.DE have a correlation of 0.90, 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.
GC40.DE and AMED.DE have the same expense ratio: 0.25% per year.
GC40.DE tracks CAC 40® ESG, while AMED.DE tracks MSCI EMU ESG Leaders Select 5% Issuer Capped.
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