SXR7.DE vs. AMES.DE
SXR7.DE (iShares Core MSCI EMU UCITS ETF EUR (Acc)) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - SXR7.DE tracks the MSCI EMU while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, SXR7.DE returned 11.51%/yr vs 13.44%/yr for AMES.DE. Their correlation of 0.80 suggests significant overlap in exposure. SXR7.DE charges 0.12%/yr vs 0.25%/yr for AMES.DE.
Performance
SXR7.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXR7.DE achieves a 11.72% return, which is significantly lower than AMES.DE's 14.53% return. Over the past 10 years, SXR7.DE has underperformed AMES.DE with an annualized return of 11.51%, while AMES.DE has yielded a comparatively higher 13.44% annualized return.
SXR7.DE
- 1D
- 0.74%
- 1M
- 3.14%
- YTD
- 11.72%
- 6M
- 12.70%
- 1Y
- 24.09%
- 3Y*
- 17.41%
- 5Y*
- 10.92%
- 10Y*
- 11.51%
AMES.DE
- 1D
- 0.72%
- 1M
- 7.06%
- YTD
- 14.53%
- 6M
- 15.44%
- 1Y
- 46.37%
- 3Y*
- 32.90%
- 5Y*
- 20.69%
- 10Y*
- 13.44%
SXR7.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR7.DE iShares Core MSCI EMU UCITS ETF EUR (Acc) | 11.72% | 24.84% | 9.37% | 18.88% | -11.80% | 22.25% | -0.64% | 27.60% | -13.03% | 12.98% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 14.53% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 15.76% | -12.77% | 11.84% |
Correlation
The correlation between SXR7.DE and AMES.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011 | 0.80 |
The correlation between SXR7.DE and AMES.DE has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
SXR7.DE vs. AMES.DE — Risk / Return Rank
SXR7.DE
AMES.DE
SXR7.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Acc) (SXR7.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.
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.
| SXR7.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.50 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 4.64 | -2.29 |
| Martin ratioReturn relative to average drawdown | 8.76 | 16.40 | -7.64 |
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Drawdowns
SXR7.DE vs. AMES.DE - Drawdown Comparison
The maximum SXR7.DE drawdown since its inception was -38.17%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for SXR7.DE and AMES.DE.
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Drawdown Indicators
| SXR7.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.17% | -40.98% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -9.95% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -12.58% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -17.77% | -6.72% |
Max Drawdown (10Y)Largest decline over 10 years | -38.17% | -40.98% | +2.81% |
Current DrawdownCurrent decline from peak | -0.83% | -0.10% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -10.09% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.82% | -0.08% |
Volatility
SXR7.DE vs. AMES.DE - Volatility Comparison
The current volatility for iShares Core MSCI EMU UCITS ETF EUR (Acc) (SXR7.DE) is 3.37%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.04%. This indicates that SXR7.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
| SXR7.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 4.04% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.19% | 13.99% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.60% | 16.47% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 16.97% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 18.42% | -1.67% |
SXR7.DE vs. AMES.DE - Expense Ratio Comparison
SXR7.DE has a 0.12% expense ratio, which is lower than AMES.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SXR7.DE vs. AMES.DE - Dividend Comparison
Neither SXR7.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
SXR7.DE and AMES.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR7.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR7.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for AMES.DE.
SXR7.DE tracks MSCI EMU, while AMES.DE tracks MSCI Spain. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for SXR7.DE and 0.25% for AMES.DE.
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