IS3G.DE vs. AMES.DE
IS3G.DE (iShares MSCI EMU Large Cap UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - IS3G.DE tracks the MSCI EMU Large Cap while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, IS3G.DE returned 9.99%/yr vs 11.05%/yr for AMES.DE. A 0.71 correlation means they provide meaningful diversification when combined. IS3G.DE charges 0.49%/yr vs 0.25%/yr for AMES.DE.
Performance
IS3G.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3G.DE achieves a 8.74% return, which is significantly higher than AMES.DE's 7.00% return. Over the past 10 years, IS3G.DE has underperformed AMES.DE with an annualized return of 9.99%, while AMES.DE has yielded a comparatively higher 11.05% annualized return.
IS3G.DE
- 1D
- 0.53%
- 1M
- 2.36%
- YTD
- 8.74%
- 6M
- 10.30%
- 1Y
- 17.41%
- 3Y*
- 15.08%
- 5Y*
- 10.43%
- 10Y*
- 9.99%
AMES.DE
- 1D
- 0.51%
- 1M
- 1.18%
- YTD
- 7.00%
- 6M
- 11.24%
- 1Y
- 32.97%
- 3Y*
- 29.84%
- 5Y*
- 19.21%
- 10Y*
- 11.05%
IS3G.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3G.DE iShares MSCI EMU Large Cap UCITS ETF | 8.74% | 22.66% | 8.54% | 20.59% | -11.41% | 23.35% | -2.21% | 29.80% | -12.63% | 11.55% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 7.00% | 55.41% | 19.00% | 25.94% | 0.03% | 6.96% | -12.87% | 15.76% | -12.77% | 11.84% |
Correlation
The correlation between IS3G.DE and AMES.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2013 | 0.71 |
The correlation between IS3G.DE and AMES.DE shifts across timeframes, from 0.71 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS3G.DE vs. AMES.DE — Risk / Return Rank
IS3G.DE
AMES.DE
IS3G.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Large Cap UCITS ETF (IS3G.DE) 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.
| IS3G.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.40 | -1.73 |
| Martin ratioReturn relative to average drawdown | 5.99 | 11.80 | -5.80 |
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
| IS3G.DE | AMES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.06 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 1.20 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.62 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.48 | +0.03 |
Drawdowns
IS3G.DE vs. AMES.DE - Drawdown Comparison
The maximum IS3G.DE drawdown since its inception was -38.66%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for IS3G.DE and AMES.DE.
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Drawdown Indicators
| IS3G.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.66% | -40.98% | +2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -9.95% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -15.83% | -12.58% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -24.14% | -17.77% | -6.37% |
Max Drawdown (10Y)Largest decline over 10 years | -38.66% | -40.98% | +2.32% |
Current DrawdownCurrent decline from peak | -0.30% | -0.52% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -9.76% | +3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.87% | +0.07% |
Volatility
IS3G.DE vs. AMES.DE - Volatility Comparison
iShares MSCI EMU Large Cap UCITS ETF (IS3G.DE) has a higher volatility of 4.90% compared to Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) at 4.59%. This indicates that IS3G.DE'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.
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Volatility by Period
| IS3G.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.59% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 13.65% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 16.43% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 18.01% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 20.82% | -3.41% |
IS3G.DE vs. AMES.DE - Expense Ratio Comparison
IS3G.DE has a 0.49% expense ratio, which is higher than AMES.DE's 0.25% expense ratio.
Dividends
IS3G.DE vs. AMES.DE - Dividend Comparison
Neither IS3G.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3G.DE and AMES.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMES.DE is cheaper with a 0.25% expense ratio, compared with 0.49% for IS3G.DE.
IS3G.DE tracks MSCI EMU Large Cap, while AMES.DE tracks MSCI Spain. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.49% for IS3G.DE and 0.25% for AMES.DE.
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