84X0.DE vs. PRAM.DE
84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) and PRAM.DE (Amundi Prime Emerging Markets UCITS ETF DR (C)) are both Emerging Markets Equities funds - 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net) while PRAM.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past year, 84X0.DE returned 68.88% vs 47.88% for PRAM.DE. Their correlation of 0.87 suggests significant overlap in exposure. 84X0.DE charges 0.18%/yr vs 0.10%/yr for PRAM.DE.
Performance
84X0.DE vs. PRAM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 84X0.DE achieves a 40.37% return, which is significantly higher than PRAM.DE's 26.47% return.
84X0.DE
- 1D
- -1.73%
- 1M
- 8.33%
- YTD
- 40.37%
- 6M
- 44.02%
- 1Y
- 68.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRAM.DE
- 1D
- -1.40%
- 1M
- 5.50%
- YTD
- 26.47%
- 6M
- 28.34%
- 1Y
- 47.88%
- 3Y*
- 20.14%
- 5Y*
- —
- 10Y*
- —
84X0.DE vs. PRAM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
PRAM.DE Amundi Prime Emerging Markets UCITS ETF DR (C) | 26.47% | 17.03% | 13.52% | 4.59% |
Correlation
The correlation between 84X0.DE and PRAM.DE is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.87 |
The correlation between 84X0.DE and PRAM.DE has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
84X0.DE vs. PRAM.DE — Risk / Return Rank
84X0.DE
PRAM.DE
84X0.DE vs. PRAM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) and Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.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.
| 84X0.DE | PRAM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.48 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 4.52 | +1.36 |
| Martin ratioReturn relative to average drawdown | 21.92 | 15.90 | +6.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 84X0.DE | PRAM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 2.68 | +0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.61 | +1.15 |
Drawdowns
84X0.DE vs. PRAM.DE - Drawdown Comparison
The maximum 84X0.DE drawdown since its inception was -19.72%, smaller than the maximum PRAM.DE drawdown of -20.90%. Use the drawdown chart below to compare losses from any high point for 84X0.DE and PRAM.DE.
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Drawdown Indicators
| 84X0.DE | PRAM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -20.90% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -10.54% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.02% | — |
Current DrawdownCurrent decline from peak | -2.49% | -2.59% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -7.74% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.00% | +0.13% |
Volatility
84X0.DE vs. PRAM.DE - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a higher volatility of 8.41% compared to Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.DE) at 7.09%. This indicates that 84X0.DE's price experiences larger fluctuations and is considered to be riskier than PRAM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 84X0.DE | PRAM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 7.09% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 14.98% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 17.80% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 16.84% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 16.84% | +0.27% |
84X0.DE vs. PRAM.DE - Expense Ratio Comparison
84X0.DE has a 0.18% expense ratio, which is higher than PRAM.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
84X0.DE vs. PRAM.DE - Dividend Comparison
Neither 84X0.DE nor PRAM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, 84X0.DE and PRAM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, PRAM.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAM.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for 84X0.DE.
84X0.DE tracks MSCI Emerging Markets ex China Index (Net), while PRAM.DE tracks MSCI EM NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for 84X0.DE and 0.10% for PRAM.DE.
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