AW1Z.DE vs. PRAZ.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and PRAZ.DE (Amundi Prime Eurozone UCITS ETF) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while PRAZ.DE tracks the Solactive GBS Developed Markets Eurozone Large & Mid Cap. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 11.36%/yr for PRAZ.DE. Their correlation of 0.91 suggests significant overlap in exposure. AW1Z.DE charges 0.14%/yr vs 0.05%/yr for PRAZ.DE.
Performance
AW1Z.DE vs. PRAZ.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 PRAZ.DE's 10.90% 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*
- —
PRAZ.DE
- 1D
- -0.80%
- 1M
- -2.07%
- 6M
- 6.79%
- YTD
- 10.90%
- 1Y
- 20.55%
- 3Y*
- 16.11%
- 5Y*
- 11.36%
- 10Y*
- —
AW1Z.DE vs. PRAZ.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% |
PRAZ.DE Amundi Prime Eurozone UCITS ETF | 10.90% | 24.75% | 9.68% | 19.26% | -11.81% | 17.16% |
Correlation
The correlation between AW1Z.DE and PRAZ.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.91 |
The correlation between AW1Z.DE and PRAZ.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
AW1Z.DE vs. PRAZ.DE — Risk / Return Rank
AW1Z.DE
PRAZ.DE
AW1Z.DE vs. PRAZ.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 Eurozone UCITS ETF (PRAZ.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 | PRAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.94 | -0.62 |
| Martin ratioReturn relative to average drawdown | 4.77 | 7.23 | -2.47 |
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Drawdowns
AW1Z.DE vs. PRAZ.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, smaller than the maximum PRAZ.DE drawdown of -39.91%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and PRAZ.DE.
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Drawdown Indicators
| AW1Z.DE | PRAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -39.91% | +15.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -10.42% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -15.47% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -24.11% | -0.59% |
Current DrawdownCurrent decline from peak | -2.16% | -3.07% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -6.17% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.80% | +0.20% |
Volatility
AW1Z.DE vs. PRAZ.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) is 3.86%, while Amundi Prime Eurozone UCITS ETF (PRAZ.DE) has a volatility of 4.17%. This indicates that AW1Z.DE experiences smaller price fluctuations and is considered to be less risky than PRAZ.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 | PRAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 4.17% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 12.77% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 15.19% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 17.03% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 20.02% | -3.97% |
AW1Z.DE vs. PRAZ.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% expense ratio, which is higher than PRAZ.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. PRAZ.DE - Dividend Comparison
Neither AW1Z.DE nor PRAZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, AW1Z.DE and PRAZ.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, PRAZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAZ.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 PRAZ.DE tracks Solactive GBS Developed Markets Eurozone 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 PRAZ.DE.
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