SPP1.DE vs. AMEC.DE
SPP1.DE (State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - SPP1.DE tracks the MSCI ACWI with Developed Markets 100% Hedged to EUR Index while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, SPP1.DE returned 10.21%/yr vs 5.82%/yr for AMEC.DE. A 0.80 correlation means they provide meaningful diversification when combined. SPP1.DE charges 0.17%/yr vs 0.35%/yr for AMEC.DE.
Performance
SPP1.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPP1.DE achieves a 11.13% return, which is significantly lower than AMEC.DE's 29.32% return.
SPP1.DE
- 1D
- 0.60%
- 1M
- 0.08%
- 6M
- 11.32%
- YTD
- 11.13%
- 1Y
- 22.91%
- 3Y*
- 18.01%
- 5Y*
- 10.21%
- 10Y*
- —
AMEC.DE
- 1D
- 0.67%
- 1M
- -2.30%
- 6M
- 29.49%
- YTD
- 29.32%
- 1Y
- 40.64%
- 3Y*
- 16.51%
- 5Y*
- 5.82%
- 10Y*
- —
SPP1.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPP1.DE State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) | 11.13% | 17.43% | 19.40% | 19.48% | -17.94% | 21.52% | 10.80% | 3.93% |
AMEC.DE Amundi Index Smart City UCITS ETF | 29.32% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.04% |
Correlation
The correlation between SPP1.DE and AMEC.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.80 |
The correlation between SPP1.DE and AMEC.DE has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
SPP1.DE vs. AMEC.DE — Risk / Return Rank
SPP1.DE
AMEC.DE
SPP1.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPP1.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 4.48 | -1.70 |
| Martin ratioReturn relative to average drawdown | 11.61 | 13.32 | -1.71 |
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Drawdowns
SPP1.DE vs. AMEC.DE - Drawdown Comparison
The maximum SPP1.DE drawdown since its inception was -32.51%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for SPP1.DE and AMEC.DE.
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Drawdown Indicators
| SPP1.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -35.49% | +2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -9.02% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -24.98% | +7.28% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -27.34% | +4.57% |
Current DrawdownCurrent decline from peak | -0.37% | -4.18% | +3.81% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -11.39% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 3.04% | -1.07% |
Volatility
SPP1.DE vs. AMEC.DE - Volatility Comparison
The current volatility for State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) is 3.99%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 7.93%. This indicates that SPP1.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
| SPP1.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 7.93% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 14.85% | -5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 18.73% | -6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 17.80% | -3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 19.32% | -2.66% |
SPP1.DE vs. AMEC.DE - Expense Ratio Comparison
SPP1.DE has a 0.17% expense ratio, which is lower than AMEC.DE's 0.35% expense ratio.
Dividends
SPP1.DE vs. AMEC.DE - Dividend Comparison
Neither SPP1.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
SPP1.DE and AMEC.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPP1.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPP1.DE is cheaper with a 0.17% expense ratio, compared with 0.35% for AMEC.DE.
SPP1.DE tracks MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.17% for SPP1.DE and 0.35% for AMEC.DE.
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