SXRJ.DE vs. AMES.DE
SXRJ.DE (iShares MSCI EMU Small Cap UCITS ETF (Acc)) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - SXRJ.DE tracks the MSCI EMU Small Cap while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, SXRJ.DE returned 9.05%/yr vs 11.05%/yr for AMES.DE. A 0.65 correlation means they provide meaningful diversification when combined. SXRJ.DE charges 0.58%/yr vs 0.25%/yr for AMES.DE.
Performance
SXRJ.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRJ.DE achieves a 10.87% return, which is significantly higher than AMES.DE's 7.00% return. Over the past 10 years, SXRJ.DE has underperformed AMES.DE with an annualized return of 9.05%, while AMES.DE has yielded a comparatively higher 11.05% annualized return.
SXRJ.DE
- 1D
- 0.05%
- 1M
- 0.91%
- YTD
- 10.87%
- 6M
- 13.36%
- 1Y
- 16.78%
- 3Y*
- 13.45%
- 5Y*
- 6.53%
- 10Y*
- 9.05%
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%
SXRJ.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (Acc) | 10.87% | 25.22% | -0.19% | 14.41% | -16.60% | 23.00% | 5.26% | 29.83% | -17.96% | 23.99% |
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 SXRJ.DE and AMES.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011 | 0.65 |
The correlation between SXRJ.DE and AMES.DE has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
SXRJ.DE vs. AMES.DE — Risk / Return Rank
SXRJ.DE
AMES.DE
SXRJ.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.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.
| SXRJ.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.40 | -1.80 |
| Martin ratioReturn relative to average drawdown | 5.95 | 11.80 | -5.85 |
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
| SXRJ.DE | AMES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.06 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 1.20 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.62 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.48 | +0.11 |
Drawdowns
SXRJ.DE vs. AMES.DE - Drawdown Comparison
The maximum SXRJ.DE drawdown since its inception was -39.38%, roughly equal to the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for SXRJ.DE and AMES.DE.
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Drawdown Indicators
| SXRJ.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -40.98% | +1.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -9.95% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -12.58% | -3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | -17.77% | -11.66% |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | -40.98% | +1.60% |
Current DrawdownCurrent decline from peak | -1.35% | -0.52% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -9.76% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.87% | 0.00% |
Volatility
SXRJ.DE vs. AMES.DE - Volatility Comparison
The current volatility for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) is 4.04%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.59%. This indicates that SXRJ.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
| SXRJ.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 4.59% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 13.65% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 16.43% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 18.01% | -1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 20.82% | -4.54% |
SXRJ.DE vs. AMES.DE - Expense Ratio Comparison
SXRJ.DE has a 0.58% expense ratio, which is higher than AMES.DE's 0.25% expense ratio.
Dividends
SXRJ.DE vs. AMES.DE - Dividend Comparison
Neither SXRJ.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRJ.DE and AMES.DE have a correlation of 0.71, 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 0.58% for SXRJ.DE.
SXRJ.DE tracks MSCI EMU Small Cap, while AMES.DE tracks MSCI Spain. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.58% for SXRJ.DE and 0.25% for AMES.DE.
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