XWEH.DE vs. AMEC.DE
XWEH.DE (Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc)) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - XWEH.DE tracks the MSCI World Index (EUR Hedged) while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, XWEH.DE returned 10.35%/yr vs 5.82%/yr for AMEC.DE. A 0.77 correlation means they provide meaningful diversification when combined. XWEH.DE charges 0.39%/yr vs 0.35%/yr for AMEC.DE.
Performance
XWEH.DE vs. AMEC.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XWEH.DE achieves a 9.20% return, which is significantly lower than AMEC.DE's 29.32% return.
XWEH.DE
- 1D
- 0.31%
- 1M
- 0.25%
- 6M
- 9.70%
- YTD
- 9.20%
- 1Y
- 19.83%
- 3Y*
- 17.65%
- 5Y*
- 10.35%
- 10Y*
- 11.71%
AMEC.DE
- 1D
- 0.67%
- 1M
- -2.30%
- 6M
- 29.49%
- YTD
- 29.32%
- 1Y
- 40.64%
- 3Y*
- 16.51%
- 5Y*
- 5.82%
- 10Y*
- —
XWEH.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XWEH.DE Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) | 9.20% | 16.85% | 19.84% | 21.86% | -18.77% | 23.77% | 11.40% | 3.47% |
AMEC.DE Amundi Index Smart City UCITS ETF | 29.32% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.04% |
Correlation
The correlation between XWEH.DE and AMEC.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.77 |
The correlation between XWEH.DE and AMEC.DE has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XWEH.DE vs. AMEC.DE — Risk / Return Rank
XWEH.DE
AMEC.DE
XWEH.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) (XWEH.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.
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.
| XWEH.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 4.48 | -1.97 |
| Martin ratioReturn relative to average drawdown | 10.59 | 13.32 | -2.73 |
Loading charts...
Drawdowns
XWEH.DE vs. AMEC.DE - Drawdown Comparison
The maximum XWEH.DE drawdown since its inception was -33.67%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for XWEH.DE and AMEC.DE.
Loading charts...
Drawdown Indicators
| XWEH.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -35.49% | +1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -9.02% | +1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -24.98% | +7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -27.34% | +3.79% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -4.18% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -11.39% | +7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 3.04% | -1.17% |
Volatility
XWEH.DE vs. AMEC.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Swap UCITS ETF EUR Hedged (Acc) (XWEH.DE) is 3.62%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 7.93%. This indicates that XWEH.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.
Loading charts...
Volatility by Period
| XWEH.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 7.93% | -4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 14.85% | -5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 18.73% | -7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 17.80% | -2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 19.32% | -4.05% |
XWEH.DE vs. AMEC.DE - Expense Ratio Comparison
XWEH.DE has a 0.39% expense ratio, which is higher than AMEC.DE's 0.35% expense ratio.
Dividends
XWEH.DE vs. AMEC.DE - Dividend Comparison
Neither XWEH.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
XWEH.DE and AMEC.DE have a correlation of 0.79, 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 0.39% for XWEH.DE.
XWEH.DE tracks MSCI World Index (EUR Hedged), while AMEC.DE tracks Solactive Smart City. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.39% for XWEH.DE and 0.35% for AMEC.DE.
Find the right allocation for XWEH.DE and AMEC.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer