IBCH.DE vs. AMEC.DE
IBCH.DE (iShares MSCI World EUR Hedged UCITS ETF Accumulating) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - IBCH.DE tracks the MSCI World 100% Hedged to EUR Net while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, IBCH.DE returned 10.57%/yr vs 6.68%/yr for AMEC.DE. A 0.77 correlation means they provide meaningful diversification when combined. IBCH.DE charges 0.55%/yr vs 0.35%/yr for AMEC.DE.
Performance
IBCH.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCH.DE achieves a 8.84% return, which is significantly lower than AMEC.DE's 30.58% return.
IBCH.DE
- 1D
- 0.09%
- 1M
- 2.82%
- YTD
- 8.84%
- 6M
- 9.58%
- 1Y
- 23.44%
- 3Y*
- 18.41%
- 5Y*
- 10.57%
- 10Y*
- 11.23%
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.00%
- YTD
- 30.58%
- 6M
- 28.27%
- 1Y
- 45.51%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
IBCH.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCH.DE iShares MSCI World EUR Hedged UCITS ETF Accumulating | 8.84% | 16.80% | 19.60% | 21.25% | -18.84% | 23.63% | 11.16% | 4.42% |
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.62% |
Correlation
The correlation between IBCH.DE and AMEC.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.77 |
The correlation between IBCH.DE and AMEC.DE has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
IBCH.DE vs. AMEC.DE — Risk / Return Rank
IBCH.DE
AMEC.DE
IBCH.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.DE) and Amundi Index Smart City UCITS ETF (AMEC.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.
| IBCH.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 5.09 | -2.05 |
| Martin ratioReturn relative to average drawdown | 13.04 | 16.11 | -3.07 |
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
| IBCH.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.65 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.38 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.44 | +0.20 |
Drawdowns
IBCH.DE vs. AMEC.DE - Drawdown Comparison
The maximum IBCH.DE drawdown since its inception was -33.56%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for IBCH.DE and AMEC.DE.
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Drawdown Indicators
| IBCH.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.56% | -35.49% | +1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -9.02% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -24.98% | +7.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | -27.33% | +3.65% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -1.34% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -11.50% | +6.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.86% | -1.04% |
Volatility
IBCH.DE vs. AMEC.DE - Volatility Comparison
The current volatility for iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.DE) is 2.94%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that IBCH.DE experiences smaller price fluctuations and is considered to be less risky than AMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCH.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 6.73% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 13.09% | -4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 17.36% | -5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 17.51% | -2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 19.22% | -3.90% |
IBCH.DE vs. AMEC.DE - Expense Ratio Comparison
IBCH.DE has a 0.55% expense ratio, which is higher than AMEC.DE's 0.35% expense ratio.
Dividends
IBCH.DE vs. AMEC.DE - Dividend Comparison
Neither IBCH.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCH.DE and AMEC.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEC.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEC.DE is cheaper with a 0.35% expense ratio, compared with 0.55% for IBCH.DE.
IBCH.DE tracks MSCI World 100% Hedged to EUR Net, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.55% for IBCH.DE and 0.35% for AMEC.DE.
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