AE5A.DE vs. PRAM.DE
AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) and PRAM.DE (Amundi Prime Emerging Markets UCITS ETF DR (C)) are both Emerging Markets Equities funds from Amundi - AE5A.DE tracks the MSCI Emerging Markets Index while PRAM.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past 3 years, AE5A.DE returned 20.90%/yr vs 20.14%/yr for PRAM.DE. Their correlation of 0.94 suggests significant overlap in exposure. AE5A.DE charges 0.14%/yr vs 0.10%/yr for PRAM.DE.
Performance
AE5A.DE vs. PRAM.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with AE5A.DE having a 27.41% return and PRAM.DE slightly lower at 26.47%.
AE5A.DE
- 1D
- -1.54%
- 1M
- 3.57%
- YTD
- 27.41%
- 6M
- 28.14%
- 1Y
- 48.94%
- 3Y*
- 20.90%
- 5Y*
- 8.49%
- 10Y*
- 9.98%
PRAM.DE
- 1D
- -1.40%
- 1M
- 3.32%
- YTD
- 26.47%
- 6M
- 26.44%
- 1Y
- 46.39%
- 3Y*
- 20.14%
- 5Y*
- —
- 10Y*
- —
AE5A.DE vs. PRAM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 27.41% | 19.26% | 14.36% | 5.58% | -14.19% | 0.87% |
PRAM.DE Amundi Prime Emerging Markets UCITS ETF DR (C) | 26.47% | 17.03% | 13.52% | 7.05% | -12.45% | 1.12% |
Correlation
The correlation between AE5A.DE and PRAM.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.94 |
The correlation between AE5A.DE and PRAM.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
AE5A.DE vs. PRAM.DE — Risk / Return Rank
AE5A.DE
PRAM.DE
AE5A.DE vs. PRAM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.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.
| AE5A.DE | PRAM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.48 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 4.52 | +0.28 |
| Martin ratioReturn relative to average drawdown | 17.35 | 15.90 | +1.45 |
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
| AE5A.DE | PRAM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 2.68 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.61 | -0.20 |
Drawdowns
AE5A.DE vs. PRAM.DE - Drawdown Comparison
The maximum AE5A.DE drawdown since its inception was -36.16%, which is greater than PRAM.DE's maximum drawdown of -20.90%. Use the drawdown chart below to compare losses from any high point for AE5A.DE and PRAM.DE.
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Drawdown Indicators
| AE5A.DE | PRAM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.16% | -20.90% | -15.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -10.54% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -19.02% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -23.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.24% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -2.59% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -7.74% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.00% | -0.13% |
Volatility
AE5A.DE vs. PRAM.DE - Volatility Comparison
Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) and Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.DE) have volatilities of 7.32% and 7.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AE5A.DE | PRAM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 7.09% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.97% | 14.98% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.82% | 17.80% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 16.84% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 16.84% | +2.21% |
AE5A.DE vs. PRAM.DE - Expense Ratio Comparison
AE5A.DE has a 0.14% 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
AE5A.DE vs. PRAM.DE - Dividend Comparison
AE5A.DE's dividend yield for the trailing twelve months is around 1.69%, while PRAM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 1.69% | 2.15% | 3.38% | 3.80% | 2.44% | 1.62% | 1.71% | 2.01% | 2.17% |
PRAM.DE Amundi Prime Emerging Markets UCITS ETF DR (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, AE5A.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 0.14% for AE5A.DE.
AE5A.DE tracks MSCI Emerging Markets Index, while PRAM.DE tracks MSCI EM NR USD. Their fees differ too: 0.14% for AE5A.DE and 0.10% for PRAM.DE.
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