VLEU.DE vs. AMES.DE
VLEU.DE (BNP Paribas Easy ESG Low Volatility Europe UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - VLEU.DE tracks the BNP Paribas Low Vol Europe ESG while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 5 years, VLEU.DE returned 7.63%/yr vs 19.21%/yr for AMES.DE. At a 0.48 correlation, their price movements are largely independent. VLEU.DE charges 0.30%/yr vs 0.25%/yr for AMES.DE.
Performance
VLEU.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VLEU.DE achieves a 4.90% return, which is significantly lower than AMES.DE's 7.00% return.
VLEU.DE
- 1D
- 0.81%
- 1M
- 0.97%
- YTD
- 4.90%
- 6M
- 6.83%
- 1Y
- 6.35%
- 3Y*
- 10.05%
- 5Y*
- 7.63%
- 10Y*
- —
AMES.DE
- 1D
- 0.51%
- 1M
- 3.60%
- YTD
- 7.00%
- 6M
- 10.82%
- 1Y
- 33.98%
- 3Y*
- 29.84%
- 5Y*
- 19.21%
- 10Y*
- 11.05%
VLEU.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLEU.DE BNP Paribas Easy ESG Low Volatility Europe UCITS ETF | 4.90% | 12.78% | 10.91% | 11.65% | -13.54% | 27.36% | -5.16% | 25.67% | -3.52% | 14.10% |
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 VLEU.DE and AMES.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2016 | 0.48 |
Over the past year, VLEU.DE and AMES.DE have become more correlated (0.70) than their long-term average of 0.48, meaning their price movements have been converging.
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Return for Risk
VLEU.DE vs. AMES.DE — Risk / Return Rank
VLEU.DE
AMES.DE
VLEU.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.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.
| VLEU.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 3.40 | -2.78 |
| Martin ratioReturn relative to average drawdown | 1.83 | 11.80 | -9.97 |
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
| VLEU.DE | AMES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 2.06 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 1.20 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.48 | +0.28 |
Drawdowns
VLEU.DE vs. AMES.DE - Drawdown Comparison
The maximum VLEU.DE drawdown since its inception was -32.22%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for VLEU.DE and AMES.DE.
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Drawdown Indicators
| VLEU.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.22% | -40.98% | +8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -9.95% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -12.58% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | -17.77% | -2.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.98% | — |
Current DrawdownCurrent decline from peak | -4.49% | -0.52% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -9.76% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.87% | +0.59% |
Volatility
VLEU.DE vs. AMES.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.DE) is 3.76%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.59%. This indicates that VLEU.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
| VLEU.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 4.59% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 13.65% | -4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 16.43% | -4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 18.01% | -3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 20.82% | -4.25% |
VLEU.DE vs. AMES.DE - Expense Ratio Comparison
VLEU.DE has a 0.30% expense ratio, which is higher than AMES.DE's 0.25% expense ratio.
Dividends
VLEU.DE vs. AMES.DE - Dividend Comparison
Neither VLEU.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
VLEU.DE and AMES.DE have a correlation of 0.70, 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 VLEU.DE.
VLEU.DE tracks BNP Paribas Low Vol Europe ESG, while AMES.DE tracks MSCI Spain. They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.30% for VLEU.DE and 0.25% for AMES.DE.
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