MVEE.DE vs. AMES.DE
MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - MVEE.DE tracks the MSCI Europe NR EUR while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 5 years, MVEE.DE returned 6.16%/yr vs 19.21%/yr for AMES.DE. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
MVEE.DE vs. AMES.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MVEE.DE achieves a 5.59% return, which is significantly lower than AMES.DE's 7.00% return.
MVEE.DE
- 1D
- 0.56%
- 1M
- 0.01%
- YTD
- 5.59%
- 6M
- 7.14%
- 1Y
- 5.59%
- 3Y*
- 8.72%
- 5Y*
- 6.16%
- 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%
MVEE.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 5.59% | 8.72% | 8.82% | 12.50% | -15.12% | 23.93% | 14.18% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 7.00% | 55.41% | 19.00% | 25.94% | 0.03% | 6.96% | 25.10% |
Correlation
The correlation between MVEE.DE and AMES.DE is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.64 |
The correlation between MVEE.DE and AMES.DE has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MVEE.DE vs. AMES.DE — Risk / Return Rank
MVEE.DE
AMES.DE
MVEE.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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.
| MVEE.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.37 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 3.40 | -2.69 |
| Martin ratioReturn relative to average drawdown | 1.87 | 11.80 | -9.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MVEE.DE | AMES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 2.06 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 1.20 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.48 | +0.23 |
Drawdowns
MVEE.DE vs. AMES.DE - Drawdown Comparison
The maximum MVEE.DE drawdown since its inception was -20.20%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for MVEE.DE and AMES.DE.
Loading charts...
Drawdown Indicators
| MVEE.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -40.98% | +20.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -9.95% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -12.58% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -17.77% | -2.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.98% | — |
Current DrawdownCurrent decline from peak | -2.23% | -0.52% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -9.76% | +5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.87% | +0.05% |
Volatility
MVEE.DE vs. AMES.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) is 3.51%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.59%. This indicates that MVEE.DE experiences smaller price fluctuations and is considered to be less risky than AMES.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MVEE.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 4.59% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 13.65% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 16.43% | -6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.11% | 18.01% | -5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.45% | 20.82% | -8.37% |
MVEE.DE vs. AMES.DE - Expense Ratio Comparison
Both MVEE.DE and AMES.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
MVEE.DE vs. AMES.DE - Dividend Comparison
Neither MVEE.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEE.DE and AMES.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MVEE.DE and AMES.DE have the same expense ratio: 0.25% per year.
MVEE.DE tracks MSCI Europe NR EUR, while AMES.DE tracks MSCI Spain. They also come from different issuers: iShares and Amundi.
Find the right allocation for MVEE.DE and AMES.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer