PUST.PA vs. GC40.DE

Last updated Jun 5, 2026

PUST.PA (Amundi PEA Nasdaq-100 UCITS ETF Acc) and GC40.DE (Amundi CAC 40 ESG UCITS ETF - EUR) are both exchange-traded funds - PUST.PA is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while GC40.DE is a Europe Equities fund tracking the CAC 40® ESG. Both are passively managed. Over the past 10 years, PUST.PA returned 21.21%/yr vs 9.36%/yr for GC40.DE. A 0.56 correlation means they provide meaningful diversification when combined. PUST.PA charges 0.30%/yr vs 0.25%/yr for GC40.DE.

Performance

PUST.PA vs. GC40.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi PEA Nasdaq-100 UCITS ETF Acc (PUST.PA) and Amundi CAC 40 ESG UCITS ETF - EUR (GC40.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PUST.PA achieves a 20.88% return, which is significantly higher than GC40.DE's 0.95% return. Over the past 10 years, PUST.PA has outperformed GC40.DE with an annualized return of 21.21%, while GC40.DE has yielded a comparatively lower 9.36% annualized return.

PUST.PA

• 1D: -0.83%
• 1M: 9.29%
• YTD: 20.88%
• 6M: 19.27%
• 1Y: 37.45%
• 3Y*: 24.32%
• 5Y*: 18.55%
• 10Y*: 21.21%

GC40.DE

• 1D: 1.36%
• 1M: 3.87%
• YTD: 0.95%
• 6M: 1.40%
• 1Y: 5.23%
• 3Y*: 7.56%
• 5Y*: 7.78%
• 10Y*: 9.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PUST.PA vs. GC40.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PUST.PA Amundi PEA Nasdaq-100 UCITS ETF Acc	20.88%	5.71%	35.33%	50.06%	-29.76%	38.74%	36.04%	40.41%	4.65%	16.05%
GC40.DE Amundi CAC 40 ESG UCITS ETF - EUR	0.95%	15.22%	2.62%	20.63%	-8.91%	30.85%	-4.80%	32.50%	-9.74%	13.31%

Correlation

The correlation between PUST.PA and GC40.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014	0.56

The correlation between PUST.PA and GC40.DE shifts across timeframes, from 0.41 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PUST.PA vs. GC40.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PUST.PA

PUST.PA Risk / Return Rank: 70
PUST.PA Sharpe Ratio Rank: 74
PUST.PA Sortino Ratio Rank: 71
PUST.PA Omega Ratio Rank: 71
PUST.PA Calmar Ratio Rank: 74
PUST.PA Martin Ratio Rank: 61

GC40.DE

GC40.DE Risk / Return Rank: 14
GC40.DE Sharpe Ratio Rank: 14
GC40.DE Sortino Ratio Rank: 14
GC40.DE Omega Ratio Rank: 14
GC40.DE Calmar Ratio Rank: 14
GC40.DE Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PUST.PA vs. GC40.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi PEA Nasdaq-100 UCITS ETF Acc (PUST.PA) and Amundi CAC 40 ESG UCITS ETF - EUR (GC40.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.

	PUST.PA	GC40.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.37	0.34	+2.03
Sortino ratio: Return per unit of downside risk	3.15	0.61	+2.54
Omega ratio: Gain probability vs. loss probability	1.42	1.07	+0.35
Calmar ratio: Return relative to maximum drawdown	3.66	0.41	+3.25
Martin ratio: Return relative to average drawdown	10.77	1.24	+9.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PUST.PA vs. GC40.DE - Sharpe Ratio Comparison

The current PUST.PA Sharpe Ratio is 2.37, which is higher than the GC40.DE Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of PUST.PA and GC40.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PUST.PA	GC40.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	0.34	+2.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.45	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.06	0.52	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.44	+0.60

Drawdowns

PUST.PA vs. GC40.DE - Drawdown Comparison

The maximum PUST.PA drawdown since its inception was -31.40%, smaller than the maximum GC40.DE drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for PUST.PA and GC40.DE.

Drawdown Indicators

	PUST.PA	GC40.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.40%	-38.73%	+7.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-12.68%	+2.59%
Max Drawdown (3Y) Largest decline over 3 years	-26.80%	-15.90%	-10.90%
Max Drawdown (5Y) Largest decline over 5 years	-31.40%	-22.17%	-9.23%
Max Drawdown (10Y) Largest decline over 10 years	-31.40%	-38.73%	+7.33%
Current Drawdown Current decline from peak	-0.83%	-2.92%	+2.09%
Average Drawdown Average peak-to-trough decline	-5.88%	-6.59%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	4.22%	-0.77%

Volatility

PUST.PA vs. GC40.DE - Volatility Comparison

The current volatility for Amundi PEA Nasdaq-100 UCITS ETF Acc (PUST.PA) is 4.31%, while Amundi CAC 40 ESG UCITS ETF - EUR (GC40.DE) has a volatility of 4.84%. This indicates that PUST.PA experiences smaller price fluctuations and is considered to be less risky than GC40.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PUST.PA	GC40.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	4.84%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	12.50%	-1.64%
Volatility (1Y) Calculated over the trailing 1-year period	15.59%	15.56%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.81%	16.92%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.74%	17.96%	+1.78%

PUST.PA vs. GC40.DE - Expense Ratio Comparison

PUST.PA has a 0.30% expense ratio, which is higher than GC40.DE's 0.25% expense ratio.

Dividends

PUST.PA vs. GC40.DE - Dividend Comparison

Neither PUST.PA nor GC40.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PUST.PA and GC40.DE in my portfolio?

PUST.PA and GC40.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PUST.PA or GC40.DE?

On fees, GC40.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PUST.PA or GC40.DE?

GC40.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for PUST.PA.

What is the main difference between PUST.PA and GC40.DE?

PUST.PA is categorized as Nasdaq-100, while GC40.DE is Europe Equities. PUST.PA tracks NASDAQ-100 Index, while GC40.DE tracks CAC 40® ESG. Their fees differ too: 0.30% for PUST.PA and 0.25% for GC40.DE.