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UCT2.DE vs. AUM5.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UCT2.DE vs. AUM5.DE

Last updated Jul 4, 2026
See Documentation

UCT2.DE (Amundi US Curve Steepening 2-10Y UCITS ETF (Acc)) and AUM5.DE (Amundi S&P 500 UCITS ETF EUR) are both exchange-traded funds - UCT2.DE is a Macro Trading fund tracking the Solactive USD Daily (x7) Steepener 2-10 Index, while AUM5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, UCT2.DE returned 0.25%/yr vs 13.81%/yr for AUM5.DE. At a 0.10 correlation, their price movements are largely independent. UCT2.DE charges 0.30%/yr vs 0.15%/yr for AUM5.DE.

Performance

UCT2.DE vs. AUM5.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi US Curve Steepening 2-10Y UCITS ETF (Acc) (UCT2.DE) and Amundi S&P 500 UCITS ETF EUR (AUM5.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UCT2.DE achieves a 1.32% return, which is significantly lower than AUM5.DE's 12.24% return.

UCT2.DE

1D
0.09%
1M
1.35%
6M
0.94%
YTD
1.32%
1Y
2.32%
3Y*
1.50%
5Y*
0.25%
10Y*
—

AUM5.DE

1D
0.21%
1M
0.61%
6M
13.04%
YTD
12.24%
1Y
24.13%
3Y*
18.43%
5Y*
13.81%
10Y*
15.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UCT2.DE vs. AUM5.DE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
UCT2.DE
Amundi US Curve Steepening 2-10Y UCITS ETF (Acc)		1.32%-8.99%10.12%-3.66%1.75%7.20%-9.05%-11.53%
AUM5.DE
Amundi S&P 500 UCITS ETF EUR		12.24%4.80%32.40%22.65%-14.14%40.97%7.09%9.46%

Correlation

The correlation between UCT2.DE and AUM5.DE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.09

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.05

Correlation (All Time)
Calculated using the full available price history since Jul 18, 2019

0.10

Compare stocks, funds, or ETFs

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Amundi US Curve Steepening 2-10Y UCITS ETF (Acc)

Amundi S&P 500 UCITS ETF EUR

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Return for Risk

UCT2.DE vs. AUM5.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UCT2.DE
UCT2.DE Risk / Return Rank: 1515
Overall Rank
UCT2.DE Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
UCT2.DE Sortino Ratio Rank: 1313
Sortino Ratio Rank
UCT2.DE Omega Ratio Rank: 1313
Omega Ratio Rank
UCT2.DE Calmar Ratio Rank: 1818
Calmar Ratio Rank
UCT2.DE Martin Ratio Rank: 1616
Martin Ratio Rank
AUM5.DE
AUM5.DE Risk / Return Rank: 7777
Overall Rank
AUM5.DE Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
AUM5.DE Sortino Ratio Rank: 7676
Sortino Ratio Rank
AUM5.DE Omega Ratio Rank: 7777
Omega Ratio Rank
AUM5.DE Calmar Ratio Rank: 7878
Calmar Ratio Rank
AUM5.DE Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UCT2.DE vs. AUM5.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi US Curve Steepening 2-10Y UCITS ETF (Acc) (UCT2.DE) and Amundi S&P 500 UCITS ETF EUR (AUM5.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.

UCT2.DEAUM5.DEDifference
Sharpe ratioReturn per unit of total volatility
0.38
2.03

-1.65

Sortino ratioReturn per unit of downside risk
0.58
2.78

-2.20

Omega ratioGain probability vs. loss probability

1.07

1.37

-0.31

Calmar ratioReturn relative to maximum drawdown

0.66

3.35

-2.69

Martin ratioReturn relative to average drawdown

1.35

11.77

-10.42

UCT2.DE vs. AUM5.DE - Sharpe Ratio Comparison

The current UCT2.DE Sharpe Ratio is 0.38, which is lower than the AUM5.DE Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of UCT2.DE and AUM5.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

UCT2.DE vs. AUM5.DE - Drawdown Comparison

The maximum UCT2.DE drawdown since its inception was -19.65%, smaller than the maximum AUM5.DE drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for UCT2.DE and AUM5.DE.

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Drawdown Indicators

UCT2.DEAUM5.DEDifference

Max Drawdown

Largest peak-to-trough decline

-19.65%

-33.65%

+14.00%

Max Drawdown (1Y)

Largest decline over 1 year

-3.53%

-7.18%

+3.65%

Max Drawdown (3Y)

Largest decline over 3 years

-13.36%

-23.30%

+9.94%

Max Drawdown (5Y)

Largest decline over 5 years

-18.42%

-23.30%

+4.88%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.65%

—

Current Drawdown

Current decline from peak

-14.14%

-0.65%

-13.49%

Average Drawdown

Average peak-to-trough decline

-12.83%

-3.98%

-8.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.72%

2.04%

-0.32%

Volatility

UCT2.DE vs. AUM5.DE - Volatility Comparison

The current volatility for Amundi US Curve Steepening 2-10Y UCITS ETF (Acc) (UCT2.DE) is 1.36%, while Amundi S&P 500 UCITS ETF EUR (AUM5.DE) has a volatility of 3.66%. This indicates that UCT2.DE experiences smaller price fluctuations and is considered to be less risky than AUM5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UCT2.DEAUM5.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.36%

3.66%

-2.30%

Volatility (6M)

Calculated over the trailing 6-month period

4.46%

7.97%

-3.51%

Volatility (1Y)

Calculated over the trailing 1-year period

6.15%

11.89%

-5.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.44%

15.22%

-6.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.00%

16.08%

-7.08%

UCT2.DE vs. AUM5.DE - Expense Ratio Comparison

UCT2.DE has a 0.30% expense ratio, which is higher than AUM5.DE's 0.15% expense ratio.

Dividends

UCT2.DE vs. AUM5.DE - Dividend Comparison

Neither UCT2.DE nor AUM5.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

UCT2.DE and AUM5.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, AUM5.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

AUM5.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for UCT2.DE.

UCT2.DE is categorized as Macro Trading, while AUM5.DE is S&P 500. UCT2.DE tracks Solactive USD Daily (x7) Steepener 2-10 Index, while AUM5.DE tracks S&P 500 Index. Their fees differ too: 0.30% for UCT2.DE and 0.15% for AUM5.DE.

Portfolio Optimizer

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