GC40.DE vs. AMEM.DE
GC40.DE (Amundi CAC 40 ESG UCITS ETF - EUR) and AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) are both exchange-traded funds - GC40.DE is a Europe Equities fund tracking the CAC 40® ESG, while AMEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, GC40.DE returned 9.36%/yr vs 9.86%/yr for AMEM.DE. A 0.62 correlation means they provide meaningful diversification when combined. GC40.DE charges 0.25%/yr vs 0.20%/yr for AMEM.DE.
Performance
GC40.DE vs. AMEM.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 AMEM.DE's 27.34% return. Over the past 10 years, GC40.DE has underperformed AMEM.DE with an annualized return of 9.36%, while AMEM.DE has yielded a comparatively higher 9.86% annualized return.
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%
AMEM.DE
- 1D
- -1.57%
- 1M
- 5.93%
- YTD
- 27.34%
- 6M
- 29.35%
- 1Y
- 49.79%
- 3Y*
- 20.85%
- 5Y*
- 8.42%
- 10Y*
- 9.86%
GC40.DE vs. AMEM.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% |
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 27.34% | 19.31% | 13.70% | 5.24% | -13.78% | 3.95% | 6.30% | 21.51% | -11.20% | 20.75% |
Correlation
The correlation between GC40.DE and AMEM.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2011 | 0.62 |
The correlation between GC40.DE and AMEM.DE shifts across timeframes, from 0.48 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GC40.DE vs. AMEM.DE — Risk / Return Rank
GC40.DE
AMEM.DE
GC40.DE vs. AMEM.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 Emerging Markets UCITS ETF EUR (AMEM.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 | AMEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.51 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 4.65 | -4.24 |
| Martin ratioReturn relative to average drawdown | 1.24 | 16.89 | -15.65 |
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 | AMEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 2.80 | -2.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.50 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.54 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.34 | +0.10 |
Drawdowns
GC40.DE vs. AMEM.DE - Drawdown Comparison
The maximum GC40.DE drawdown since its inception was -38.73%, which is greater than AMEM.DE's maximum drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for GC40.DE and AMEM.DE.
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Drawdown Indicators
| GC40.DE | AMEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.73% | -35.87% | -2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -10.65% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.90% | -19.22% | +3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -23.53% | +1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | -31.93% | -6.80% |
Current DrawdownCurrent decline from peak | -2.92% | -2.62% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -10.29% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 2.94% | +1.28% |
Volatility
GC40.DE vs. AMEM.DE - Volatility Comparison
The current volatility for Amundi CAC 40 ESG UCITS ETF - EUR (GC40.DE) is 4.84%, while Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) has a volatility of 7.41%. This indicates that GC40.DE experiences smaller price fluctuations and is considered to be less risky than AMEM.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 | AMEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 7.41% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 15.02% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 17.74% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 16.70% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 18.28% | -0.32% |
GC40.DE vs. AMEM.DE - Expense Ratio Comparison
GC40.DE has a 0.25% expense ratio, which is higher than AMEM.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GC40.DE vs. AMEM.DE - Dividend Comparison
Neither GC40.DE nor AMEM.DE has paid dividends to shareholders.
Frequently Asked Questions
GC40.DE and AMEM.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEM.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEM.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for GC40.DE.
GC40.DE is categorized as Europe Equities, while AMEM.DE is Emerging Markets Equities. GC40.DE tracks CAC 40® ESG, while AMEM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.25% for GC40.DE and 0.20% for AMEM.DE.
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