XIEE.DE vs. AMES.DE
XIEE.DE (Xtrackers MSCI Europe UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - XIEE.DE tracks the MSCI Europe while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, XIEE.DE returned 10.51%/yr vs 13.44%/yr for AMES.DE. A 0.74 correlation means they provide meaningful diversification when combined. XIEE.DE charges 0.12%/yr vs 0.25%/yr for AMES.DE.
Performance
XIEE.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XIEE.DE achieves a 10.54% return, which is significantly lower than AMES.DE's 14.53% return. Over the past 10 years, XIEE.DE has underperformed AMES.DE with an annualized return of 10.51%, while AMES.DE has yielded a comparatively higher 13.44% annualized return.
XIEE.DE
- 1D
- 0.90%
- 1M
- 1.88%
- YTD
- 10.54%
- 6M
- 11.38%
- 1Y
- 22.49%
- 3Y*
- 15.28%
- 5Y*
- 10.22%
- 10Y*
- 10.51%
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%
XIEE.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 10.54% | 20.33% | 8.08% | 15.72% | -9.15% | 24.96% | -3.13% | 27.82% | -10.98% | 10.20% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 14.53% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 15.76% | -12.77% | 11.84% |
Correlation
The correlation between XIEE.DE and AMES.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.74 |
The correlation between XIEE.DE and AMES.DE has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
XIEE.DE vs. AMES.DE — Risk / Return Rank
XIEE.DE
AMES.DE
XIEE.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe UCITS ETF (XIEE.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.
| XIEE.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.50 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 4.64 | -2.41 |
| Martin ratioReturn relative to average drawdown | 9.12 | 16.40 | -7.28 |
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Drawdowns
XIEE.DE vs. AMES.DE - Drawdown Comparison
The maximum XIEE.DE drawdown since its inception was -35.52%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for XIEE.DE and AMES.DE.
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Drawdown Indicators
| XIEE.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.52% | -40.98% | +5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.03% | -9.95% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | -12.58% | -3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -17.77% | -1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | -40.98% | +5.46% |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -10.09% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.82% | -0.36% |
Volatility
XIEE.DE vs. AMES.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Europe UCITS ETF (XIEE.DE) is 3.14%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.04%. This indicates that XIEE.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
| XIEE.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 4.04% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 11.72% | 13.99% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.63% | 16.47% | -2.84% |
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 | 17.38% | 18.42% | -1.04% |
XIEE.DE vs. AMES.DE - Expense Ratio Comparison
XIEE.DE has a 0.12% 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
XIEE.DE vs. AMES.DE - Dividend Comparison
XIEE.DE's dividend yield for the trailing twelve months is around 2.37%, while AMES.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.37% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% |
Frequently Asked Questions
XIEE.DE and AMES.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIEE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIEE.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for AMES.DE.
XIEE.DE tracks MSCI Europe, while AMES.DE tracks MSCI Spain. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.12% for XIEE.DE and 0.25% for AMES.DE.
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