VWCG.DE vs. AMES.DE
VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - VWCG.DE tracks the FTSE Developed Europe while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 5 years, VWCG.DE returned 10.23%/yr vs 20.69%/yr for AMES.DE. A 0.79 correlation means they provide meaningful diversification when combined. VWCG.DE charges 0.10%/yr vs 0.25%/yr for AMES.DE.
Performance
VWCG.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCG.DE achieves a 10.13% return, which is significantly lower than AMES.DE's 14.53% return.
VWCG.DE
- 1D
- 0.58%
- 1M
- 2.24%
- YTD
- 10.13%
- 6M
- 10.87%
- 1Y
- 22.51%
- 3Y*
- 15.60%
- 5Y*
- 10.23%
- 10Y*
- —
AMES.DE
- 1D
- 0.72%
- 1M
- 7.06%
- YTD
- 14.53%
- 6M
- 15.44%
- 1Y
- 46.37%
- 3Y*
- 32.90%
- 5Y*
- 20.69%
- 10Y*
- 13.44%
VWCG.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 10.13% | 20.44% | 8.96% | 16.07% | -9.83% | 24.91% | -2.57% | 7.53% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 14.53% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 4.64% |
Correlation
The correlation between VWCG.DE and AMES.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.79 |
The correlation between VWCG.DE and AMES.DE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
VWCG.DE vs. AMES.DE — Risk / Return Rank
VWCG.DE
AMES.DE
VWCG.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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.
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.
| VWCG.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.50 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 4.64 | -2.30 |
| Martin ratioReturn relative to average drawdown | 9.02 | 16.40 | -7.38 |
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Drawdowns
VWCG.DE vs. AMES.DE - Drawdown Comparison
The maximum VWCG.DE drawdown since its inception was -35.70%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for VWCG.DE and AMES.DE.
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Drawdown Indicators
| VWCG.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -40.98% | +5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -9.95% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | -12.58% | -3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | -17.77% | -2.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.98% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -10.09% | +5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.82% | -0.33% |
Volatility
VWCG.DE vs. AMES.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) is 2.82%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.04%. This indicates that VWCG.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
| VWCG.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 4.04% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.76% | 13.99% | -3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 16.47% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 16.97% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 18.42% | -1.61% |
VWCG.DE vs. AMES.DE - Expense Ratio Comparison
VWCG.DE has a 0.10% expense ratio, which is lower than AMES.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VWCG.DE vs. AMES.DE - Dividend Comparison
Neither VWCG.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCG.DE and AMES.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCG.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for AMES.DE.
VWCG.DE tracks FTSE Developed Europe, while AMES.DE tracks MSCI Spain. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.10% for VWCG.DE and 0.25% for AMES.DE.
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