GC40.DE vs. ASWA.DE
GC40.DE (Amundi CAC 40 ESG UCITS ETF - EUR) and ASWA.DE (HANetf European Green Deal UCITS ETF Acc) are both Europe Equities funds - GC40.DE tracks the CAC 40® ESG while ASWA.DE tracks the SGI European Green Deal ESG Screened. Both are passively managed. Over the past year, GC40.DE returned 5.23% vs 0.26% for ASWA.DE. A 0.66 correlation means they provide meaningful diversification when combined. GC40.DE charges 0.25%/yr vs 0.60%/yr for ASWA.DE.
Performance
GC40.DE vs. ASWA.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 higher than ASWA.DE's -10.58% 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%
ASWA.DE
- 1D
- -0.09%
- 1M
- 0.41%
- YTD
- -10.58%
- 6M
- -9.71%
- 1Y
- 0.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GC40.DE vs. ASWA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GC40.DE Amundi CAC 40 ESG UCITS ETF - EUR | 0.95% | 15.22% | 2.62% | 0.86% |
ASWA.DE HANetf European Green Deal UCITS ETF Acc | -10.58% | 26.07% | -11.37% | -2.40% |
Correlation
The correlation between GC40.DE and ASWA.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 (All Time) Calculated using the full available price history since Jul 25, 2023 | 0.66 |
The correlation between GC40.DE and ASWA.DE shifts across timeframes, from 0.48 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GC40.DE vs. ASWA.DE — Risk / Return Rank
GC40.DE
ASWA.DE
GC40.DE vs. ASWA.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 HANetf European Green Deal UCITS ETF Acc (ASWA.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 | ASWA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.06 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.01 | +0.40 |
| Martin ratioReturn relative to average drawdown | 1.24 | 0.03 | +1.21 |
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 | ASWA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.01 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | -0.04 | +0.47 |
Drawdowns
GC40.DE vs. ASWA.DE - Drawdown Comparison
The maximum GC40.DE drawdown since its inception was -38.73%, which is greater than ASWA.DE's maximum drawdown of -30.36%. Use the drawdown chart below to compare losses from any high point for GC40.DE and ASWA.DE.
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Drawdown Indicators
| GC40.DE | ASWA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.73% | -30.36% | -8.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -30.36% | +17.68% |
Max Drawdown (3Y)Largest decline over 3 years | -15.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | — | — |
Current DrawdownCurrent decline from peak | -2.92% | -23.85% | +20.93% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -8.15% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 10.54% | -6.32% |
Volatility
GC40.DE vs. ASWA.DE - Volatility Comparison
The current volatility for Amundi CAC 40 ESG UCITS ETF - EUR (GC40.DE) is 4.84%, while HANetf European Green Deal UCITS ETF Acc (ASWA.DE) has a volatility of 7.52%. This indicates that GC40.DE experiences smaller price fluctuations and is considered to be less risky than ASWA.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 | ASWA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 7.52% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 37.06% | -24.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 33.68% | -18.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 24.72% | -7.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 24.72% | -6.76% |
GC40.DE vs. ASWA.DE - Expense Ratio Comparison
GC40.DE has a 0.25% expense ratio, which is lower than ASWA.DE's 0.60% expense ratio.
Dividends
GC40.DE vs. ASWA.DE - Dividend Comparison
Neither GC40.DE nor ASWA.DE has paid dividends to shareholders.
Frequently Asked Questions
GC40.DE and ASWA.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, GC40.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GC40.DE is cheaper with a 0.25% expense ratio, compared with 0.60% for ASWA.DE.
GC40.DE tracks CAC 40® ESG, while ASWA.DE tracks SGI European Green Deal ESG Screened. They also come from different issuers: Amundi and HANetf. Their fees differ too: 0.25% for GC40.DE and 0.60% for ASWA.DE.
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