OPEN.DE vs. AMEC.DE
OPEN.DE (iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc)) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - OPEN.DE tracks the MSCI ACWI Value NR USD while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, OPEN.DE returned 11.65%/yr vs 6.68%/yr for AMEC.DE. A 0.75 correlation means they provide meaningful diversification when combined. OPEN.DE charges 0.25%/yr vs 0.35%/yr for AMEC.DE.
Performance
OPEN.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OPEN.DE achieves a 19.86% return, which is significantly lower than AMEC.DE's 30.58% return.
OPEN.DE
- 1D
- -0.71%
- 1M
- 10.85%
- YTD
- 19.86%
- 6M
- 21.67%
- 1Y
- 28.74%
- 3Y*
- 16.69%
- 5Y*
- 11.65%
- 10Y*
- —
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.78%
- YTD
- 30.58%
- 6M
- 29.29%
- 1Y
- 46.14%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
OPEN.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OPEN.DE iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) | 19.86% | 10.46% | 14.15% | 11.37% | -3.82% | 27.16% | 0.34% | 4.14% |
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 OPEN.DE and AMEC.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.75 |
The correlation between OPEN.DE and AMEC.DE has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
OPEN.DE vs. AMEC.DE — Risk / Return Rank
OPEN.DE
AMEC.DE
OPEN.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.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.
| OPEN.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.45 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 5.09 | -1.58 |
| Martin ratioReturn relative to average drawdown | 12.97 | 16.11 | -3.15 |
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
| OPEN.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.65 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.38 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.44 | +0.33 |
Drawdowns
OPEN.DE vs. AMEC.DE - Drawdown Comparison
The maximum OPEN.DE drawdown since its inception was -33.09%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for OPEN.DE and AMEC.DE.
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Drawdown Indicators
| OPEN.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.09% | -35.49% | +2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -9.02% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -24.98% | +5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -27.33% | +7.65% |
Current DrawdownCurrent decline from peak | -2.06% | -1.34% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -11.50% | +7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.86% | -0.65% |
Volatility
OPEN.DE vs. AMEC.DE - Volatility Comparison
The current volatility for iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.DE) is 4.89%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that OPEN.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
| OPEN.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 6.73% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 13.09% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 17.36% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.04% | 17.51% | -4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 19.22% | -3.76% |
OPEN.DE vs. AMEC.DE - Expense Ratio Comparison
OPEN.DE has a 0.25% expense ratio, which is lower than AMEC.DE's 0.35% expense ratio.
Dividends
OPEN.DE vs. AMEC.DE - Dividend Comparison
Neither OPEN.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
OPEN.DE and AMEC.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OPEN.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OPEN.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for AMEC.DE.
OPEN.DE tracks MSCI ACWI Value NR USD, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for OPEN.DE and 0.35% for AMEC.DE.
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