SPYE.DE vs. AMES.DE
SPYE.DE (SPDR MSCI Europe UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - SPYE.DE tracks the MSCI Europe while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, SPYE.DE returned 9.09%/yr vs 11.05%/yr for AMES.DE. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
SPYE.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYE.DE achieves a 7.68% return, which is significantly higher than AMES.DE's 7.00% return. Over the past 10 years, SPYE.DE has underperformed AMES.DE with an annualized return of 9.09%, while AMES.DE has yielded a comparatively higher 11.05% annualized return.
SPYE.DE
- 1D
- 0.62%
- 1M
- 1.21%
- YTD
- 7.68%
- 6M
- 10.03%
- 1Y
- 16.22%
- 3Y*
- 13.73%
- 5Y*
- 9.86%
- 10Y*
- 9.09%
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%
SPYE.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYE.DE SPDR MSCI Europe UCITS ETF | 7.68% | 20.32% | 8.24% | 15.50% | -9.42% | 25.11% | -3.25% | 27.31% | -10.83% | 10.49% |
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 SPYE.DE and AMES.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 | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.71 |
The correlation between SPYE.DE and AMES.DE shifts across timeframes, from 0.68 (10 years) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYE.DE vs. AMES.DE — Risk / Return Rank
SPYE.DE
AMES.DE
SPYE.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe UCITS ETF (SPYE.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.
| SPYE.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.40 | -1.66 |
| Martin ratioReturn relative to average drawdown | 6.36 | 11.80 | -5.44 |
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
| SPYE.DE | AMES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.06 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.20 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.62 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.48 | +0.04 |
Drawdowns
SPYE.DE vs. AMES.DE - Drawdown Comparison
The maximum SPYE.DE drawdown since its inception was -35.54%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for SPYE.DE and AMES.DE.
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Drawdown Indicators
| SPYE.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -40.98% | +5.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.45% | -9.95% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -16.65% | -12.58% | -4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -19.53% | -17.77% | -1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -40.98% | +5.44% |
Current DrawdownCurrent decline from peak | -1.47% | -0.52% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -9.76% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.87% | -0.28% |
Volatility
SPYE.DE vs. AMES.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe UCITS ETF (SPYE.DE) is 4.24%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.59%. This indicates that SPYE.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.
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Volatility by Period
| SPYE.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 4.59% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 13.65% | -3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 16.43% | -3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.30% | 18.01% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 20.82% | -5.11% |
SPYE.DE vs. AMES.DE - Expense Ratio Comparison
Both SPYE.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
SPYE.DE vs. AMES.DE - Dividend Comparison
Neither SPYE.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYE.DE and AMES.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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYE.DE and AMES.DE have the same expense ratio: 0.25% per year.
SPYE.DE tracks MSCI Europe, while AMES.DE tracks MSCI Spain. They also come from different issuers: State Street and Amundi.
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