AE5B.DE vs. PRAE.DE
AE5B.DE (Amundi MSCI Europe Climate Action UCITS ETF Dist) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds from Amundi - AE5B.DE tracks the MSCI Europe Climate Action while PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past year, AE5B.DE returned 12.32% vs 16.77% for PRAE.DE. With a 0.96 correlation, they move nearly in lockstep. AE5B.DE charges 0.09%/yr vs 0.05%/yr for PRAE.DE.
Performance
AE5B.DE vs. PRAE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AE5B.DE achieves a 5.29% return, which is significantly lower than PRAE.DE's 7.71% return.
AE5B.DE
- 1D
- 0.62%
- 1M
- 2.96%
- YTD
- 5.29%
- 6M
- 7.80%
- 1Y
- 12.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRAE.DE
- 1D
- 0.23%
- 1M
- 3.06%
- YTD
- 7.71%
- 6M
- 10.19%
- 1Y
- 16.77%
- 3Y*
- 13.87%
- 5Y*
- 10.04%
- 10Y*
- —
AE5B.DE vs. PRAE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AE5B.DE Amundi MSCI Europe Climate Action UCITS ETF Dist | 5.29% | 16.59% | 7.50% | 3.40% |
PRAE.DE Amundi Prime Europe UCITS ETF | 7.71% | 20.47% | 8.49% | 3.84% |
Correlation
The correlation between AE5B.DE and PRAE.DE is 0.96 - 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 | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2023 | 0.96 |
The correlation between AE5B.DE and PRAE.DE has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
AE5B.DE vs. PRAE.DE — Risk / Return Rank
AE5B.DE
PRAE.DE
AE5B.DE vs. PRAE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Climate Action UCITS ETF Dist (AE5B.DE) and Amundi Prime Europe UCITS ETF (PRAE.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.
| AE5B.DE | PRAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.75 | -0.58 |
| Martin ratioReturn relative to average drawdown | 3.95 | 6.64 | -2.69 |
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
| AE5B.DE | PRAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.29 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.54 | +0.28 |
Drawdowns
AE5B.DE vs. PRAE.DE - Drawdown Comparison
The maximum AE5B.DE drawdown since its inception was -16.86%, smaller than the maximum PRAE.DE drawdown of -32.86%. Use the drawdown chart below to compare losses from any high point for AE5B.DE and PRAE.DE.
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Drawdown Indicators
| AE5B.DE | PRAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.86% | -32.86% | +16.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -9.54% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.60% | — |
Current DrawdownCurrent decline from peak | -1.65% | -1.63% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -5.27% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.52% | +0.59% |
Volatility
AE5B.DE vs. PRAE.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Climate Action UCITS ETF Dist (AE5B.DE) is 3.86%, while Amundi Prime Europe UCITS ETF (PRAE.DE) has a volatility of 4.39%. This indicates that AE5B.DE experiences smaller price fluctuations and is considered to be less risky than PRAE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AE5B.DE | PRAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 4.39% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 10.66% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.37% | 12.97% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 14.42% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.34% | 17.22% | -3.88% |
AE5B.DE vs. PRAE.DE - Expense Ratio Comparison
AE5B.DE has a 0.09% expense ratio, which is higher than PRAE.DE's 0.05% 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
AE5B.DE vs. PRAE.DE - Dividend Comparison
AE5B.DE's dividend yield for the trailing twelve months is around 2.16%, while PRAE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AE5B.DE Amundi MSCI Europe Climate Action UCITS ETF Dist | 2.16% | 2.28% | 2.68% | 0.63% |
PRAE.DE Amundi Prime Europe UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, AE5B.DE and PRAE.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, PRAE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAE.DE is cheaper with a 0.05% expense ratio, compared with 0.09% for AE5B.DE.
AE5B.DE tracks MSCI Europe Climate Action, while PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. Their fees differ too: 0.09% for AE5B.DE and 0.05% for PRAE.DE.
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