AVEM.L vs. PRAM.L
AVEM.L (Avantis Emerging Markets Equity UCITS ETF USD Acc) and PRAM.L (Amundi Prime Emerging Markets UCITS ETF DR (C)) are both Emerging Markets Equities funds. AVEM.L is actively managed, while PRAM.L is passively managed. Over the past year, AVEM.L returned 37.78% vs 43.48% for PRAM.L. Their correlation of 0.95 suggests significant overlap in exposure. AVEM.L charges 0.35%/yr vs 0.10%/yr for PRAM.L.
Performance
AVEM.L vs. PRAM.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AVEM.L achieves a 16.34% return, which is significantly lower than PRAM.L's 19.68% return.
AVEM.L
- 1D
- -1.11%
- 1M
- -2.81%
- YTD
- 16.34%
- 6M
- 18.51%
- 1Y
- 37.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRAM.L
- 1D
- -3.72%
- 1M
- -2.41%
- YTD
- 19.68%
- 6M
- 21.45%
- 1Y
- 43.48%
- 3Y*
- 21.47%
- 5Y*
- —
- 10Y*
- —
AVEM.L vs. PRAM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVEM.L Avantis Emerging Markets Equity UCITS ETF USD Acc | 16.34% | 26.19% |
PRAM.L Amundi Prime Emerging Markets UCITS ETF DR (C) | 19.68% | 26.02% |
Correlation
The correlation between AVEM.L and PRAM.L is 0.95, 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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025 | 0.95 |
The correlation between AVEM.L and PRAM.L has been stable across timeframes, ranging from 0.95 to 0.95 - 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
AVEM.L vs. PRAM.L — Risk / Return Rank
AVEM.L
PRAM.L
AVEM.L vs. PRAM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.L) and Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.L). 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.
| AVEM.L | PRAM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.43 | -0.53 |
| Martin ratioReturn relative to average drawdown | 11.01 | 12.35 | -1.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AVEM.L | PRAM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 2.18 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.91 | 0.51 | +1.40 |
Drawdowns
AVEM.L vs. PRAM.L - Drawdown Comparison
The maximum AVEM.L drawdown since its inception was -13.87%, smaller than the maximum PRAM.L drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for AVEM.L and PRAM.L.
Loading charts...
Drawdown Indicators
| AVEM.L | PRAM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -31.21% | +17.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.05% | -12.51% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.74% | — |
Current DrawdownCurrent decline from peak | -7.02% | -6.73% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -10.72% | +8.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 3.48% | -0.05% |
Volatility
AVEM.L vs. PRAM.L - Volatility Comparison
The current volatility for Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.L) is 7.97%, while Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.L) has a volatility of 8.83%. This indicates that AVEM.L experiences smaller price fluctuations and is considered to be less risky than PRAM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AVEM.L | PRAM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 8.83% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 15.98% | 17.02% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 19.66% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 18.30% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.86% | 18.30% | +1.56% |
AVEM.L vs. PRAM.L - Expense Ratio Comparison
AVEM.L has a 0.35% expense ratio, which is higher than PRAM.L's 0.10% expense ratio.
Dividends
AVEM.L vs. PRAM.L - Dividend Comparison
Neither AVEM.L nor PRAM.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, AVEM.L and PRAM.L 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.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAM.L is cheaper with a 0.10% expense ratio, compared with 0.35% for AVEM.L.
They also come from different issuers: Avantis and Amundi. Their fees differ too: 0.35% for AVEM.L and 0.10% for PRAM.L.
Find the right allocation for AVEM.L and PRAM.L
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