XSX6.DE vs. AMES.DE
XSX6.DE (Xtrackers STOXX Europe 600 UCITS ETF) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - XSX6.DE tracks the STOXX® Europe 600 while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 10 years, XSX6.DE returned 10.49%/yr vs 13.44%/yr for AMES.DE. A 0.76 correlation means they provide meaningful diversification when combined. XSX6.DE charges 0.20%/yr vs 0.25%/yr for AMES.DE.
Performance
XSX6.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSX6.DE achieves a 9.29% return, which is significantly lower than AMES.DE's 14.53% return. Over the past 10 years, XSX6.DE has underperformed AMES.DE with an annualized return of 10.49%, while AMES.DE has yielded a comparatively higher 13.44% annualized return.
XSX6.DE
- 1D
- 0.00%
- 1M
- 1.34%
- YTD
- 9.29%
- 6M
- 10.04%
- 1Y
- 21.74%
- 3Y*
- 15.19%
- 5Y*
- 9.82%
- 10Y*
- 10.49%
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%
XSX6.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 9.29% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | -1.83% | 28.68% | -11.34% | 10.91% |
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 XSX6.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 | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011 | 0.76 |
The correlation between XSX6.DE and AMES.DE has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
XSX6.DE vs. AMES.DE — Risk / Return Rank
XSX6.DE
AMES.DE
XSX6.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers STOXX Europe 600 UCITS ETF (XSX6.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.
| XSX6.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.50 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 4.64 | -2.35 |
| Martin ratioReturn relative to average drawdown | 8.87 | 16.40 | -7.53 |
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Drawdowns
XSX6.DE vs. AMES.DE - Drawdown Comparison
The maximum XSX6.DE drawdown since its inception was -36.06%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for XSX6.DE and AMES.DE.
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Drawdown Indicators
| XSX6.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -40.98% | +4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -9.95% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.37% | -12.58% | -3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -17.77% | -3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | -40.98% | +4.92% |
Current DrawdownCurrent decline from peak | -0.67% | -0.10% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -10.09% | +4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 2.82% | -0.37% |
Volatility
XSX6.DE vs. AMES.DE - Volatility Comparison
The current volatility for Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) is 2.78%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.04%. This indicates that XSX6.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
| XSX6.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 4.04% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 13.99% | -3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.98% | 16.47% | -3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 16.97% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 18.42% | -3.10% |
XSX6.DE vs. AMES.DE - Expense Ratio Comparison
XSX6.DE has a 0.20% 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
XSX6.DE vs. AMES.DE - Dividend Comparison
Neither XSX6.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
XSX6.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, XSX6.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSX6.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for AMES.DE.
XSX6.DE tracks STOXX® Europe 600, while AMES.DE tracks MSCI Spain. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.20% for XSX6.DE and 0.25% for AMES.DE.
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