XZEU.DE vs. AMES.DE
XZEU.DE (Xtrackers MSCI Europe ESG UCITS ETF 1C) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds - XZEU.DE tracks the MSCI Europe NR EUR while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 5 years, XZEU.DE returned 7.89%/yr vs 20.69%/yr for AMES.DE. A 0.73 correlation means they provide meaningful diversification when combined. XZEU.DE charges 0.20%/yr vs 0.25%/yr for AMES.DE.
Performance
XZEU.DE vs. AMES.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XZEU.DE achieves a 9.56% return, which is significantly lower than AMES.DE's 14.53% return.
XZEU.DE
- 1D
- 0.66%
- 1M
- 3.96%
- YTD
- 9.56%
- 6M
- 10.16%
- 1Y
- 13.42%
- 3Y*
- 12.19%
- 5Y*
- 7.89%
- 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%
XZEU.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XZEU.DE Xtrackers MSCI Europe ESG UCITS ETF 1C | 9.56% | 8.12% | 11.57% | 16.35% | -13.09% | 25.62% | 0.09% | 29.09% | -10.78% |
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% | -14.02% |
Correlation
The correlation between XZEU.DE and AMES.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 8, 2018 | 0.73 |
The correlation between XZEU.DE and AMES.DE has been stable across timeframes, ranging from 0.68 to 0.73 - 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
XZEU.DE vs. AMES.DE — Risk / Return Rank
XZEU.DE
AMES.DE
XZEU.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.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.
| XZEU.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.50 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 4.64 | -3.34 |
| Martin ratioReturn relative to average drawdown | 4.52 | 16.40 | -11.88 |
Loading charts...
Drawdowns
XZEU.DE vs. AMES.DE - Drawdown Comparison
The maximum XZEU.DE drawdown since its inception was -33.16%, smaller than the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for XZEU.DE and AMES.DE.
Loading charts...
Drawdown Indicators
| XZEU.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.16% | -40.98% | +7.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -9.95% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.97% | -12.58% | -4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -22.04% | -17.77% | -4.27% |
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 | -5.12% | -10.09% | +4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.82% | +0.14% |
Volatility
XZEU.DE vs. AMES.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.DE) is 2.70%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.04%. This indicates that XZEU.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.
Loading charts...
Volatility by Period
| XZEU.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 4.04% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 13.99% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.61% | 16.47% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 16.97% | -2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 18.42% | -2.52% |
XZEU.DE vs. AMES.DE - Expense Ratio Comparison
XZEU.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
XZEU.DE vs. AMES.DE - Dividend Comparison
Neither XZEU.DE nor AMES.DE has paid dividends to shareholders.
Frequently Asked Questions
XZEU.DE and AMES.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZEU.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEU.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for AMES.DE.
XZEU.DE tracks MSCI Europe NR EUR, while AMES.DE tracks MSCI Spain. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.20% for XZEU.DE and 0.25% for AMES.DE.
Find the right allocation for XZEU.DE and AMES.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