CEUG.DE vs. PR1E.DE
CEUG.DE (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and PR1E.DE (Amundi Prime Europe UCITS ETF DR (D)) are both Europe Equities funds from Amundi - CEUG.DE tracks the MSCI Europe NR EUR while PR1E.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 5 years, CEUG.DE returned 9.35%/yr vs 10.02%/yr for PR1E.DE. With a 0.98 correlation, they move nearly in lockstep. CEUG.DE charges 0.12%/yr vs 0.05%/yr for PR1E.DE.
Performance
CEUG.DE vs. PR1E.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CEUG.DE having a 7.45% return and PR1E.DE slightly higher at 7.72%.
CEUG.DE
- 1D
- 0.60%
- 1M
- 3.72%
- YTD
- 7.45%
- 6M
- 10.20%
- 1Y
- 16.71%
- 3Y*
- 13.62%
- 5Y*
- 9.35%
- 10Y*
- 8.85%
PR1E.DE
- 1D
- 0.46%
- 1M
- 3.10%
- YTD
- 7.72%
- 6M
- 10.21%
- 1Y
- 17.12%
- 3Y*
- 13.86%
- 5Y*
- 10.02%
- 10Y*
- —
CEUG.DE vs. PR1E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 7.45% | 19.02% | 9.58% | 15.40% | -11.56% | 25.11% | -3.26% | 14.63% |
PR1E.DE Amundi Prime Europe UCITS ETF DR (D) | 7.72% | 20.48% | 8.42% | 15.89% | -9.34% | 25.39% | -3.59% | 15.15% |
Correlation
The correlation between CEUG.DE and PR1E.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | 0.98 |
The correlation between CEUG.DE and PR1E.DE has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
CEUG.DE vs. PR1E.DE — Risk / Return Rank
CEUG.DE
PR1E.DE
CEUG.DE vs. PR1E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) and Amundi Prime Europe UCITS ETF DR (D) (PR1E.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.
| CEUG.DE | PR1E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.81 | -0.16 |
| Martin ratioReturn relative to average drawdown | 6.05 | 6.80 | -0.75 |
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
| CEUG.DE | PR1E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.32 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.68 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.62 | -0.10 |
Drawdowns
CEUG.DE vs. PR1E.DE - Drawdown Comparison
The maximum CEUG.DE drawdown since its inception was -35.67%, roughly equal to the maximum PR1E.DE drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for CEUG.DE and PR1E.DE.
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Drawdown Indicators
| CEUG.DE | PR1E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -35.98% | +0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -9.39% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -16.84% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -19.66% | -1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -35.67% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -1.61% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -4.90% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.51% | +0.25% |
Volatility
CEUG.DE vs. PR1E.DE - Volatility Comparison
iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) and Amundi Prime Europe UCITS ETF DR (D) (PR1E.DE) have volatilities of 4.42% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEUG.DE | PR1E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.33% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 10.60% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 12.88% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 14.48% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 16.68% | -1.06% |
CEUG.DE vs. PR1E.DE - Expense Ratio Comparison
CEUG.DE has a 0.12% expense ratio, which is higher than PR1E.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
CEUG.DE vs. PR1E.DE - Dividend Comparison
CEUG.DE has not paid dividends to shareholders, while PR1E.DE's dividend yield for the trailing twelve months is around 2.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PR1E.DE Amundi Prime Europe UCITS ETF DR (D) | 2.38% | 2.56% | 2.87% | 2.91% | 3.15% | 2.25% | 2.17% | 2.73% |
Frequently Asked Questions
With a correlation of 0.98, CEUG.DE and PR1E.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, PR1E.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1E.DE is cheaper with a 0.05% expense ratio, compared with 0.12% for CEUG.DE.
CEUG.DE tracks MSCI Europe NR EUR, while PR1E.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. Their fees differ too: 0.12% for CEUG.DE and 0.05% for PR1E.DE.
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