VWCE.DE vs. AMEC.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - VWCE.DE tracks the FTSE All-World Index while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, VWCE.DE returned 12.28%/yr vs 6.68%/yr for AMEC.DE. Their correlation of 0.83 suggests significant overlap in exposure. VWCE.DE charges 0.19%/yr vs 0.35%/yr for AMEC.DE.
Performance
VWCE.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCE.DE achieves a 12.64% return, which is significantly lower than AMEC.DE's 30.58% return.
VWCE.DE
- 1D
- -0.21%
- 1M
- 5.01%
- YTD
- 12.64%
- 6M
- 13.33%
- 1Y
- 26.41%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.78%
- YTD
- 30.58%
- 6M
- 29.29%
- 1Y
- 46.14%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
VWCE.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 4.62% |
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.62% |
Correlation
The correlation between VWCE.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 Dec 4, 2019 | 0.83 |
The correlation between VWCE.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
VWCE.DE vs. AMEC.DE — Risk / Return Rank
VWCE.DE
AMEC.DE
VWCE.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.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.
| VWCE.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.45 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 5.09 | -1.08 |
| Martin ratioReturn relative to average drawdown | 16.55 | 16.11 | +0.43 |
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
| VWCE.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.65 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.38 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.44 | +0.35 |
Drawdowns
VWCE.DE vs. AMEC.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and AMEC.DE.
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Drawdown Indicators
| VWCE.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -35.49% | +2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -9.02% | +2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -24.98% | +3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -27.33% | +6.26% |
Current DrawdownCurrent decline from peak | -0.66% | -1.34% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -11.50% | +6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.86% | -1.27% |
Volatility
VWCE.DE vs. AMEC.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.06%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that VWCE.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
| VWCE.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 6.73% | -3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 13.09% | -4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 17.36% | -5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 17.51% | -3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 19.22% | -3.06% |
VWCE.DE vs. AMEC.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than AMEC.DE's 0.35% expense ratio.
Dividends
VWCE.DE vs. AMEC.DE - Dividend Comparison
Neither VWCE.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.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, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.35% for AMEC.DE.
VWCE.DE tracks FTSE All-World Index, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.19% for VWCE.DE and 0.35% for AMEC.DE.
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