CEMQ.DE vs. PRAE.DE
CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds - CEMQ.DE tracks the MSCI Europe Sector Neutral Quality while PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 5 years, CEMQ.DE returned 5.86%/yr vs 10.04%/yr for PRAE.DE. Their correlation of 0.84 suggests significant overlap in exposure. CEMQ.DE charges 0.25%/yr vs 0.05%/yr for PRAE.DE.
Performance
CEMQ.DE vs. PRAE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEMQ.DE achieves a 4.17% return, which is significantly lower than PRAE.DE's 7.71% return.
CEMQ.DE
- 1D
- 0.82%
- 1M
- -0.63%
- YTD
- 4.17%
- 6M
- 5.95%
- 1Y
- 6.60%
- 3Y*
- 7.83%
- 5Y*
- 5.86%
- 10Y*
- 7.82%
PRAE.DE
- 1D
- 0.23%
- 1M
- 0.88%
- YTD
- 7.71%
- 6M
- 9.87%
- 1Y
- 16.29%
- 3Y*
- 13.87%
- 5Y*
- 10.04%
- 10Y*
- —
CEMQ.DE vs. PRAE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 4.17% | 10.17% | 3.72% | 14.50% | -11.87% | 26.64% | -0.69% |
PRAE.DE Amundi Prime Europe UCITS ETF | 7.71% | 20.47% | 8.49% | 15.73% | -9.25% | 25.29% | -4.31% |
Correlation
The correlation between CEMQ.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 | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.84 |
The correlation between CEMQ.DE and PRAE.DE has been stable across timeframes, ranging from 0.84 to 0.94 - a consistent structural relationship.
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Return for Risk
CEMQ.DE vs. PRAE.DE — Risk / Return Rank
CEMQ.DE
PRAE.DE
CEMQ.DE vs. PRAE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.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.
| CEMQ.DE | PRAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.75 | -0.95 |
| Martin ratioReturn relative to average drawdown | 2.14 | 6.64 | -4.51 |
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
| CEMQ.DE | PRAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.29 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.69 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.54 | -0.06 |
Drawdowns
CEMQ.DE vs. PRAE.DE - Drawdown Comparison
The maximum CEMQ.DE drawdown since its inception was -33.74%, roughly equal to the maximum PRAE.DE drawdown of -32.86%. Use the drawdown chart below to compare losses from any high point for CEMQ.DE and PRAE.DE.
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Drawdown Indicators
| CEMQ.DE | PRAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -32.86% | -0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -9.54% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -16.94% | +2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -19.60% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.74% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -1.63% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -5.27% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.52% | +0.65% |
Volatility
CEMQ.DE vs. PRAE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) is 3.97%, while Amundi Prime Europe UCITS ETF (PRAE.DE) has a volatility of 4.39%. This indicates that CEMQ.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
| CEMQ.DE | PRAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 4.39% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 10.66% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 12.97% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.02% | 14.42% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 17.22% | -2.20% |
CEMQ.DE vs. PRAE.DE - Expense Ratio Comparison
CEMQ.DE has a 0.25% 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
CEMQ.DE vs. PRAE.DE - Dividend Comparison
Neither CEMQ.DE nor PRAE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, CEMQ.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 0.25% for CEMQ.DE.
CEMQ.DE tracks MSCI Europe Sector Neutral Quality, while PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for CEMQ.DE and 0.05% for PRAE.DE.
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