MJMT.DE vs. AMES.DE
MJMT.DE (Amundi MSCI Europe Momentum Factor UCITS ETF EUR) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both exchange-traded funds - MJMT.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while AMES.DE is a Europe Equities fund tracking the MSCI Spain. Both are passively managed. Over the past 5 years, MJMT.DE returned 11.41%/yr vs 19.21%/yr for AMES.DE. A 0.58 correlation means they provide meaningful diversification when combined. MJMT.DE charges 0.23%/yr vs 0.25%/yr for AMES.DE.
Performance
MJMT.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MJMT.DE achieves a 8.02% return, which is significantly higher than AMES.DE's 7.00% return.
MJMT.DE
- 1D
- 0.03%
- 1M
- 1.15%
- YTD
- 8.02%
- 6M
- 12.09%
- 1Y
- 17.13%
- 3Y*
- 20.41%
- 5Y*
- 11.41%
- 10Y*
- —
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%
MJMT.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 8.02% | 27.24% | 19.93% | 13.04% | -15.57% | 22.09% | 10.97% | 31.75% | -10.54% | 11.30% |
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 MJMT.DE and AMES.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2016 | 0.58 |
Over the past year, MJMT.DE and AMES.DE have become more correlated (0.83) than their long-term average of 0.58, meaning their price movements have been converging.
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Return for Risk
MJMT.DE vs. AMES.DE — Risk / Return Rank
MJMT.DE
AMES.DE
MJMT.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.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.
| MJMT.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 3.40 | -1.89 |
| Martin ratioReturn relative to average drawdown | 5.64 | 11.80 | -6.16 |
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
| MJMT.DE | AMES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 2.06 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 1.20 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.48 | +0.22 |
Drawdowns
MJMT.DE vs. AMES.DE - Drawdown Comparison
The maximum MJMT.DE drawdown since its inception was -31.35%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for MJMT.DE and AMES.DE.
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Drawdown Indicators
| MJMT.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.35% | -40.98% | +9.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -9.95% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.62% | -12.58% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.84% | -17.77% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.98% | — |
Current DrawdownCurrent decline from peak | -1.36% | -0.52% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -9.76% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.87% | +0.23% |
Volatility
MJMT.DE vs. AMES.DE - Volatility Comparison
Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) and Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) have volatilities of 4.49% and 4.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MJMT.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.59% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 13.65% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 16.43% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 18.01% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 20.82% | -4.58% |
MJMT.DE vs. AMES.DE - Expense Ratio Comparison
MJMT.DE has a 0.23% expense ratio, which is lower than AMES.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MJMT.DE vs. AMES.DE - Dividend Comparison
Neither MJMT.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
MJMT.DE and AMES.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MJMT.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MJMT.DE is cheaper with a 0.23% expense ratio, compared with 0.25% for AMES.DE.
MJMT.DE is categorized as Momentum, while AMES.DE is Europe Equities. MJMT.DE tracks MSCI Europe Momentum Index, while AMES.DE tracks MSCI Spain. Their fees differ too: 0.23% for MJMT.DE and 0.25% for AMES.DE.
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