Amundi MSCI Switzerland (18MN.DE): Historical Returns

Data Source: from February 1976 to June 2024 (~48 years)
Consolidated Returns as of 30 June 2024
Category: Stocks
Amundi MSCI Switzerland (18MN.DE) ETF
Currency: EUR

As of June 2024, in the previous 30 Years, the Amundi MSCI Switzerland (18MN.DE) ETF obtained a 7.93% compound annual return, with a 13.67% standard deviation. It suffered a maximum drawdown of -48.34% that required 68 months to be recovered.

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The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: Developed Europe
  • Country: Switzerland

The Amundi MSCI Switzerland (18MN.DE) ETF is part of the following Lazy Portfolios:

Portfolio Name Author 18MN.DE Weight Currency
Dedalo Eleven Euro Dedalo Invest 4.00% EUR
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Investment Returns as of Jun 30, 2024

The Amundi MSCI Switzerland (18MN.DE) ETF guaranteed the following returns.

Returns are calculated in EUR, assuming:
  • no fees or capital gain taxes.
  • the actual Euro Inflation rates.
AMUNDI MSCI SWITZERLAND (18MN.DE) ETF
Data Source: 1 February 1976 - 30 June 2024 (~48 years)
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jun 30, 2024
  1 Day Time ET(*) Jul 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~48Y)
Amundi MSCI Switzerland (18MN.DE) ETF n.a. n.a. 1.41 5.66 7.93 5.56 5.65 7.93 8.11
Euro Inflation Adjusted return 1.20 3.54 5.27 1.76 3.23 5.74 5.49
Returns over 1 year are annualized
(*) Eastern Time (ET - America/New York)
Euro Inflation is updated to Jun 2024. Inflation (annualized) is 1Y: 2.53% , 5Y: 3.73% , 10Y: 2.35% , 30Y: 2.07%
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Capital Growth as of Jun 30, 2024

An investment of 1€, from July 1994 to June 2024, would be worth 9.87€, with a total return of 886.52% (7.93% annualized).

The Inflation Adjusted Capital would be 5.34€, with a net total return of 433.77% (5.74% annualized).

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An investment of 1€, from February 1976 to June 2024, would be worth 43.67€, with a total return of 4267.20% (8.11% annualized).

The Inflation Adjusted Capital would be 13.29€, with a net total return of 1228.59% (5.49% annualized).

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Investment Metrics as of Jun 30, 2024

Metrics of Amundi MSCI Switzerland (18MN.DE) ETF, updated as of 30 June 2024, provide a comprehensive overview of the portfolio's performance and risk characteristics.

These metrics include detailed data on returns, volatility, drawdowns and other key performance indicators. By examining them, you can gain insights into how the portfolio has performed over various time periods and understand its risk profile.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the actual Euro Inflation rates.
AMUNDI MSCI SWITZERLAND (18MN.DE) ETF
Advanced Metrics
Data Source: 1 February 1976 - 30 June 2024 (~48 years)
Swipe left to see all data
Metrics as of Jun 30, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~48Y)
Investment Return (%) 1.41 3.97 5.66 7.93 1.79 5.56 5.65 7.21 7.93 8.11
Infl. Adjusted Return (%)
1.20 2.93 3.54 5.27 -3.54 1.76 3.23 4.99 5.74 5.49
Euro Inflation (%) 0.21 1.01 2.05 2.53 5.53 3.73 2.35 2.11 2.07 2.49
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
Current 1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -2.27 -9.08 -20.52 -20.52 -20.52 -42.76 -48.34 -48.34
Start to Recovery (# months)
30* 6 30* 30* 30* 48 68 68
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 06 2000 09 2000 09
Start to Bottom (# months) 3 9 9 9 21 31 31
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2003 03 2003 03
Bottom to End (# months) 3 21 21 21 27 37 37
End (yyyy mm) 2024 01 - - - 2011 05 2006 04 2006 04
Longest Drawdown Depth (%)
same

same

same

same

same

same

same
Start to Recovery (# months)
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 06 2000 09 2000 09
Start to Bottom (# months) 3 9 9 9 21 31 31
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2003 03 2003 03
Bottom to End (# months) 3 21 21 21 27 37 37
End (yyyy mm) 2024 01 - - - 2011 05 2006 04 2006 04
Longest negative period (# months)
9 34 34 43 64 133 133
Period Start (yyyy mm) 2023 08 2021 07 2021 07 2015 06 2007 02 1998 03 1998 03
Period End (yyyy mm) 2024 04 2024 04 2024 04 2018 12 2012 05 2009 03 2009 03
Annualized Return (%) -3.16 -0.76 -0.76 -0.07 -0.26 -0.39 -0.39
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -14.79 -9.94 -26.44 -26.44 -26.44 -44.37 -51.45 -51.45
Start to Recovery (# months)
30* 6 30* 30* 30* 68 81 81
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 06 2000 09 2000 09
Start to Bottom (# months) 3 9 9 9 21 31 31
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2003 03 2003 03
Bottom to End (# months) 3 21 21 21 47 50 50
End (yyyy mm) 2024 01 - - - 2013 01 2007 05 2007 05
Longest Drawdown Depth (%)
same

same

same

same

same

same

same
Start to Recovery (# months)
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 06 2000 09 2000 09
Start to Bottom (# months) 3 9 9 9 21 31 31
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2003 03 2003 03
Bottom to End (# months) 3 21 21 21 47 50 50
End (yyyy mm) 2024 01 - - - 2013 01 2007 05 2007 05
Longest negative period (# months)
10 36* 55 55 75 160 160
Period Start (yyyy mm) 2023 07 2021 07 2019 10 2019 10 2006 03 1998 08 1998 08
Period End (yyyy mm) 2024 04 2024 06 2024 04 2024 04 2012 05 2011 11 2011 11
Annualized Return (%) -2.29 -3.54 -0.19 -0.19 -0.09 -0.26 -0.26
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 11.92 13.06 12.66 12.21 12.18 13.67 13.66
Sharpe Ratio 0.22 -0.09 0.28 0.35 0.48 0.41 0.30
Sortino Ratio 0.31 -0.12 0.37 0.47 0.63 0.54 0.40
Ulcer Index 3.38 10.20 8.38 7.33 11.01 15.23 13.63
Ratio: Return / Standard Deviation 0.67 0.14 0.44 0.46 0.59 0.58 0.59
Ratio: Return / Deepest Drawdown 0.87 0.09 0.27 0.28 0.17 0.16 0.17
Positive Months (%)
58.33 55.55 63.33 61.66 63.33 63.61 61.44
Positive Months 7 20 38 74 152 229 357
Negative Months 5 16 22 46 88 131 224
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 5.65 11.62 11.62 19.59
Worst 10 Years Return (%) - Annualized 4.20 -0.74 -0.74
Best 10 Years Return (%) - Annualized 3.23 10.25 10.25 16.78
Worst 10 Years Return (%) - Annualized 2.60 -2.79 -2.79
TIMEFRAMES
Inflation Adjusted:
Inflation Adjusted:
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
··· As of Jun 2024 - Over the previous 30Y
Best Rolling Return (%) - Annualized 65.33 39.27 25.87 11.62 9.68 7.93
Worst Rolling Return (%) - Annualized -37.38 -16.18 -7.18 -0.74 3.95
Positive Periods (%) 72.7 81.2 85.0 98.7 100.0 100.0
Best Rolling Return (%) - Annualized 63.48 36.93 23.88 10.25 7.73 5.74
Worst Rolling Return (%) - Annualized -38.83 -18.11 -9.00 -2.79 2.32
Positive Periods (%) 70.2 74.4 78.4 87.9 100.0 100.0
95% VaR - Value at Risk (%) - Cumulative
5.78 9.10 11.60 21.32 35.77 15.37 0.00 0.00
95% CVaR - Conditional Value at Risk (%) 7.41 11.93 15.62 27.89 45.95 25.04 0.00 0.00
99% VaR - Value at Risk (%) - Cumulative
8.47 13.75 18.19 31.67 50.68 32.78 6.16 0.00
99% CVaR - Conditional Value at Risk (%) 10.18 16.72 22.39 35.30 54.06 38.29 7.66 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 73.95 22.66 13.55 7.33 4.54 8.44
Perpetual Withdrawal Rate (%) --- --- --- --- 1.70 6.86
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
··· All available data (Feb 1976 - Jun 2024)
Best Rolling Return (%) - Annualized 67.01 39.27 28.54 19.59 12.90 10.03
Worst Rolling Return (%) - Annualized -37.38 -16.18 -7.18 -0.74 3.95 7.01
Positive Periods (%) 72.6 83.3 88.1 99.3 100.0 100.0
Best Rolling Return (%) - Annualized 63.48 36.93 25.85 16.78 10.03 7.79
Worst Rolling Return (%) - Annualized -38.83 -18.11 -9.00 -2.79 2.32 4.32
Positive Periods (%) 66.1 72.8 80.4 93.7 100.0 100.0
95% VaR - Value at Risk (%) - Cumulative
5.76 9.04 11.51 19.65 21.93 10.62 0.00 0.00 0.00
95% CVaR - Conditional Value at Risk (%) 7.39 11.88 15.52 24.89 37.39 19.84 0.00 0.00 0.00
99% VaR - Value at Risk (%) - Cumulative
8.44 13.70 18.09 29.22 49.50 30.49 0.00 0.00 0.00
99% CVaR - Conditional Value at Risk (%) 10.16 16.66 22.28 32.86 52.14 35.22 3.04 0.00 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 73.95 22.66 13.55 7.33 4.54 5.56
Perpetual Withdrawal Rate (%) --- --- --- --- 1.70 4.40
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Value at Risk (VaR): it's an evaluation of a cumulative worst-case loss (in absolute value), associated with a probability (95%-99%) and a time horizon. For short term, it's calculated based on the expected return and standard deviation, assuming a normal distribution of monthly returns. For long term is retrieved by the historical rolling return data.
  • Conditional Value at Risk (CVaR): it represents the average expected loss if that worst-case threshold (95%-99%) is ever crossed.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.
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Correlations as of Jun 30, 2024

Correlation measures to what degree the returns of two assets move in relation to each other. It is a statistical measure that describes the extent to which the returns of one asset are related to the returns of another asset.

The following table shows the monthly correlations of Amundi MSCI Switzerland (18MN.DE) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

AMUNDI MSCI SWITZERLAND (18MN.DE) ETF
Monthly correlations as of 30 June 2024
Swipe left to see all data
Correlation vs 18MN.DE
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1994
SXR8.DE
US Large Cap Blend
0.64
0.75
0.68
0.69
0.69
ZPRR.DE
US Small Cap Blend
0.73
0.61
0.54
0.58
0.58
IQQ7.DE
US REITs
0.77
0.71
0.50
0.48
0.49
NQSE.DE
US Technology
0.77
0.70
0.67
0.52
0.52
EUNL.DE
Developed Countries
0.73
0.81
0.74
0.78
0.79
SXRT.DE
Euro Large Cap Blend
0.68
0.79
0.76
0.76
0.76
IUSQ.DE
World All Countries
0.71
0.80
0.73
0.77
0.77
IS3N.DE
Emerging Markets
0.46
0.50
0.44
0.58
0.59
CEBW.DE
US Total Bond Market EUR Hdg
0.86
0.50
0.28
0.04
0.05
IUSV.DE
US Long Term Treasuries EUR Hdg
0.80
0.28
0.06
-0.12
-0.11
PR1H.DE
US Ultrashort Gov.Bonds EUR Hdg
0.50
0.14
0.09
-0.02
-0.04
UEEF.DE
US High Yield Bonds EUR Hdg
0.83
0.66
0.61
0.47
0.48
EUNU.DE
Global Aggregate Bond EUR Hdg
0.64
0.28
0.06
0.10
0.12
SPF1.DE
Global Convertible Bonds EUR Hdg
0.79
0.60
0.60
0.61
0.61
IS3C.DE
Emerg. Market Bonds EUR Hdg
0.80
0.61
0.50
0.41
0.42
SYBA.DE
Euro Total Bond Market
0.58
0.47
0.36
0.12
0.14
IBCL.DE
Euro Long Term Gov. Bonds
0.57
0.40
0.26
0.09
0.10
EUN6.DE
Euro Ultrashort Gov. Bonds
0.37
0.20
0.15
0.22
0.22
XHYG.DE
Euro High Yield Bonds
0.63
0.62
0.60
0.54
0.54
IBCI.DE
Euro Inflation Linked Bonds
0.49
0.56
0.46
0.21
0.21
PHAU
Gold
-0.33
-0.02
-0.19
-0.06
-0.06
UIQK.DE
Commodities
-0.36
0.23
0.18
0.14
0.14
Terms and Definitions
Correlation values range between -1 and +1
  • A correlation of +1 indicates that the returns of the two assets move in perfect synchrony; when one asset's returns go up, the other asset's returns also go up by the same percentage, and vice versa. This perfect positive correlation implies that the assets perform similarly in different market conditions.
  • A correlation of -1 indicates a perfect inverse relationship between the returns of the two assets. When one asset's returns go up, the other asset's returns go down by the same percentage. This perfect negative correlation suggests that the assets move in opposite directions, providing a diversification benefit by reducing overall portfolio risk.
  • A correlation of 0 means that there is no linear relationship between the returns of the two assets. The returns of one asset do not predict the returns of the other.
Learn about historical correlations here: see how the main asset classes relate to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

AMUNDI MSCI SWITZERLAND (18MN.DE) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 July 1994 - 30 June 2024 (30 Years)
Data Source: 1 February 1976 - 30 June 2024 (~48 years)
Inflation Adjusted:

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Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

AMUNDI MSCI SWITZERLAND (18MN.DE) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 July 1994 - 30 June 2024 (30 Years)
Data Source: 1 February 1976 - 30 June 2024 (~48 years)
Inflation Adjusted:

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If you need a deeper detail about rolling returns, please refer to the Amundi MSCI Switzerland (18MN.DE) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in Amundi MSCI Switzerland (18MN.DE) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past. They are retrieved considering the data source from February 1976 to June 2024.

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For further information about the seasonality, check the Asset Class Seasonality page.

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the Amundi MSCI Switzerland (18MN.DE) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

AMUNDI MSCI SWITZERLAND (18MN.DE) ETF
Monthly Returns Distribution
Data Source: 1 July 1994 - 30 June 2024 (30 Years)
Data Source: 1 February 1976 - 30 June 2024 (~48 years)
229 Positive Months (64%) - 131 Negative Months (36%)
357 Positive Months (61%) - 224 Negative Months (39%)

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Investment Returns, up to May 2014, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

The first official book of
Build wealth
with Lazy Portfolios and Passive Investing