SPYG.DE vs. AMES.DE
SPYG.DE (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - SPYG.DE tracks the S&P UK High Yield Dividend Aristocrats while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, SPYG.DE returned 3.61%/yr vs 11.05%/yr for AMES.DE. A 0.53 correlation means they provide meaningful diversification when combined. SPYG.DE charges 0.30%/yr vs 0.25%/yr for AMES.DE.
Performance
SPYG.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYG.DE achieves a 5.85% return, which is significantly lower than AMES.DE's 7.00% return. Over the past 10 years, SPYG.DE has underperformed AMES.DE with an annualized return of 3.61%, while AMES.DE has yielded a comparatively higher 11.05% annualized return.
SPYG.DE
- 1D
- 1.41%
- 1M
- 0.66%
- YTD
- 5.85%
- 6M
- 8.49%
- 1Y
- 11.94%
- 3Y*
- 11.53%
- 5Y*
- 6.76%
- 10Y*
- 3.61%
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%
SPYG.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYG.DE SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 5.85% | 12.61% | 14.64% | 8.08% | -13.77% | 20.96% | -20.77% | 41.80% | -15.19% | -0.54% |
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 SPYG.DE and AMES.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.53 |
The correlation between SPYG.DE and AMES.DE has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.
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Return for Risk
SPYG.DE vs. AMES.DE — Risk / Return Rank
SPYG.DE
AMES.DE
SPYG.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (SPYG.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.
| SPYG.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 3.40 | -1.98 |
| Martin ratioReturn relative to average drawdown | 4.53 | 11.80 | -7.27 |
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
| SPYG.DE | AMES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 2.06 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 1.20 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.62 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.48 | -0.19 |
Drawdowns
SPYG.DE vs. AMES.DE - Drawdown Comparison
The maximum SPYG.DE drawdown since its inception was -44.67%, which is greater than AMES.DE's maximum drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for SPYG.DE and AMES.DE.
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Drawdown Indicators
| SPYG.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.67% | -40.98% | -3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -9.95% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -12.58% | -3.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -17.77% | -4.06% |
Max Drawdown (10Y)Largest decline over 10 years | -44.67% | -40.98% | -3.69% |
Current DrawdownCurrent decline from peak | -1.89% | -0.52% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -11.38% | -9.76% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.87% | -0.12% |
Volatility
SPYG.DE vs. AMES.DE - Volatility Comparison
SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (SPYG.DE) has a higher volatility of 4.98% compared to Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) at 4.59%. This indicates that SPYG.DE's price experiences larger fluctuations and is considered to be riskier 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
| SPYG.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 4.59% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 13.65% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 16.43% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 18.01% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 20.82% | -2.88% |
SPYG.DE vs. AMES.DE - Expense Ratio Comparison
SPYG.DE has a 0.30% expense ratio, which is higher than AMES.DE's 0.25% expense ratio.
Dividends
SPYG.DE vs. AMES.DE - Dividend Comparison
SPYG.DE's dividend yield for the trailing twelve months is around 3.44%, while AMES.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG.DE SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 3.44% | 3.68% | 3.39% | 3.66% | 4.67% | 3.53% | 3.12% | 3.92% | 7.36% | 3.83% | 4.39% | 4.04% |
Frequently Asked Questions
SPYG.DE and AMES.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMES.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for SPYG.DE.
SPYG.DE tracks S&P UK High Yield Dividend Aristocrats, while AMES.DE tracks MSCI Spain. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.30% for SPYG.DE and 0.25% for AMES.DE.
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