AW1Z.DE vs. PRAE.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 10.50%/yr for PRAE.DE. Their correlation of 0.93 suggests significant overlap in exposure. AW1Z.DE charges 0.14%/yr vs 0.05%/yr for PRAE.DE.
Performance
AW1Z.DE vs. PRAE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1Z.DE achieves a 9.37% return, which is significantly lower than PRAE.DE's 10.89% return.
AW1Z.DE
- 1D
- 0.00%
- 1M
- -1.84%
- 6M
- 5.98%
- YTD
- 9.37%
- 1Y
- 14.54%
- 3Y*
- 11.80%
- 5Y*
- 7.97%
- 10Y*
- —
PRAE.DE
- 1D
- -0.36%
- 1M
- 0.86%
- 6M
- 6.76%
- YTD
- 10.89%
- 1Y
- 21.61%
- 3Y*
- 14.83%
- 5Y*
- 10.50%
- 10Y*
- —
AW1Z.DE vs. PRAE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1Z.DE UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc | 9.37% | 16.28% | 6.31% | 17.64% | -13.87% | 18.74% |
PRAE.DE Amundi Prime Europe UCITS ETF | 10.89% | 20.48% | 8.47% | 15.73% | -9.23% | 19.63% |
Correlation
The correlation between AW1Z.DE and PRAE.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 (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.93 |
The correlation between AW1Z.DE and PRAE.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
AW1Z.DE vs. PRAE.DE — Risk / Return Rank
AW1Z.DE
PRAE.DE
AW1Z.DE vs. PRAE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AW1Z.DE | PRAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.24 | -0.91 |
| Martin ratioReturn relative to average drawdown | 4.77 | 8.75 | -3.98 |
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Drawdowns
AW1Z.DE vs. PRAE.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, smaller than the maximum PRAE.DE drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and PRAE.DE.
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Drawdown Indicators
| AW1Z.DE | PRAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -37.01% | +12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -9.52% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -16.93% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -19.59% | -5.11% |
Current DrawdownCurrent decline from peak | -2.16% | -1.86% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -5.23% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.44% | +0.56% |
Volatility
AW1Z.DE vs. PRAE.DE - Volatility Comparison
UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) has a higher volatility of 3.86% compared to Amundi Prime Europe UCITS ETF (PRAE.DE) at 3.42%. This indicates that AW1Z.DE's price experiences larger fluctuations and is considered to be riskier 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
| AW1Z.DE | PRAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.42% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 11.09% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 13.17% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 14.41% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 17.77% | -1.72% |
AW1Z.DE vs. PRAE.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% 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
AW1Z.DE vs. PRAE.DE - Dividend Comparison
Neither AW1Z.DE nor PRAE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, AW1Z.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 0.14% for AW1Z.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.14% for AW1Z.DE and 0.05% for PRAE.DE.
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