V3AA.DE vs. AMEC.DE
V3AA.DE (Vanguard ESG Global All Cap UCITS ETF (USD) Acc) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - V3AA.DE tracks the FTSE Global All Cap Choice Index while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, V3AA.DE returned 11.33%/yr vs 6.68%/yr for AMEC.DE. Their correlation of 0.81 suggests significant overlap in exposure. V3AA.DE charges 0.24%/yr vs 0.35%/yr for AMEC.DE.
Performance
V3AA.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, V3AA.DE achieves a 12.77% return, which is significantly lower than AMEC.DE's 30.58% return.
V3AA.DE
- 1D
- -0.11%
- 1M
- 4.35%
- YTD
- 12.77%
- 6M
- 13.07%
- 1Y
- 26.49%
- 3Y*
- 17.62%
- 5Y*
- 11.33%
- 10Y*
- —
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.00%
- YTD
- 30.58%
- 6M
- 28.27%
- 1Y
- 45.51%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
V3AA.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3AA.DE Vanguard ESG Global All Cap UCITS ETF (USD) Acc | 12.77% | 7.60% | 24.41% | 20.63% | -18.04% | 20.19% |
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 1.92% |
Correlation
The correlation between V3AA.DE and AMEC.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021 | 0.81 |
The correlation between V3AA.DE and AMEC.DE has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
V3AA.DE vs. AMEC.DE — Risk / Return Rank
V3AA.DE
AMEC.DE
V3AA.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.DE) and Amundi Index Smart City UCITS ETF (AMEC.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.
| V3AA.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 5.09 | -1.79 |
| Martin ratioReturn relative to average drawdown | 13.32 | 16.11 | -2.79 |
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
| V3AA.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.65 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.38 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.44 | +0.39 |
Drawdowns
V3AA.DE vs. AMEC.DE - Drawdown Comparison
The maximum V3AA.DE drawdown since its inception was -22.30%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for V3AA.DE and AMEC.DE.
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Drawdown Indicators
| V3AA.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -35.49% | +13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -9.02% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -22.30% | -24.98% | +2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -22.30% | -27.33% | +5.03% |
Current DrawdownCurrent decline from peak | -0.75% | -1.34% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -11.50% | +5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.86% | -0.83% |
Volatility
V3AA.DE vs. AMEC.DE - Volatility Comparison
The current volatility for Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.DE) is 3.38%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that V3AA.DE experiences smaller price fluctuations and is considered to be less risky than AMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3AA.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 6.73% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 13.09% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 17.36% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 17.51% | -3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 19.22% | -4.89% |
V3AA.DE vs. AMEC.DE - Expense Ratio Comparison
V3AA.DE has a 0.24% expense ratio, which is lower than AMEC.DE's 0.35% expense ratio.
Dividends
V3AA.DE vs. AMEC.DE - Dividend Comparison
Neither V3AA.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
V3AA.DE and AMEC.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3AA.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3AA.DE is cheaper with a 0.24% expense ratio, compared with 0.35% for AMEC.DE.
V3AA.DE tracks FTSE Global All Cap Choice Index, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.24% for V3AA.DE and 0.35% for AMEC.DE.
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