VVGM.DE vs. AMEC.DE
VVGM.DE (VanEck Morningstar Global Wide Moat UCITS ETF) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - VVGM.DE tracks the Morningstar Global Wide Moat Focus while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, VVGM.DE returned 7.42%/yr vs 6.68%/yr for AMEC.DE. A 0.75 correlation means they provide meaningful diversification when combined. VVGM.DE charges 0.52%/yr vs 0.35%/yr for AMEC.DE.
Performance
VVGM.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VVGM.DE achieves a 0.57% return, which is significantly lower than AMEC.DE's 30.58% return.
VVGM.DE
- 1D
- 0.63%
- 1M
- -0.91%
- YTD
- 0.57%
- 6M
- 0.63%
- 1Y
- 6.67%
- 3Y*
- 10.24%
- 5Y*
- 7.42%
- 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*
- —
VVGM.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVGM.DE VanEck Morningstar Global Wide Moat UCITS ETF | 0.57% | 11.67% | 16.13% | 7.09% | -6.16% | 24.82% | 6.99% |
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 10.84% |
Correlation
The correlation between VVGM.DE and AMEC.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.75 |
The correlation between VVGM.DE and AMEC.DE has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
VVGM.DE vs. AMEC.DE — Risk / Return Rank
VVGM.DE
AMEC.DE
VVGM.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.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.
| VVGM.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.45 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 5.09 | -4.41 |
| Martin ratioReturn relative to average drawdown | 2.16 | 16.11 | -13.95 |
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
| VVGM.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.65 | -2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.38 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.44 | +0.28 |
Drawdowns
VVGM.DE vs. AMEC.DE - Drawdown Comparison
The maximum VVGM.DE drawdown since its inception was -17.74%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for VVGM.DE and AMEC.DE.
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Drawdown Indicators
| VVGM.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -35.49% | +17.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -9.02% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -24.98% | +7.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -27.33% | +9.59% |
Current DrawdownCurrent decline from peak | -4.90% | -1.34% | -3.56% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -11.50% | +7.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.86% | +0.60% |
Volatility
VVGM.DE vs. AMEC.DE - Volatility Comparison
The current volatility for VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) is 4.13%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that VVGM.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
| VVGM.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 6.73% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 13.09% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 17.36% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 17.51% | -3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.72% | 19.22% | -5.50% |
VVGM.DE vs. AMEC.DE - Expense Ratio Comparison
VVGM.DE has a 0.52% expense ratio, which is higher than AMEC.DE's 0.35% expense ratio.
Dividends
VVGM.DE vs. AMEC.DE - Dividend Comparison
Neither VVGM.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
VVGM.DE and AMEC.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEC.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEC.DE is cheaper with a 0.35% expense ratio, compared with 0.52% for VVGM.DE.
VVGM.DE tracks Morningstar Global Wide Moat Focus, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.52% for VVGM.DE and 0.35% for AMEC.DE.
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