CEUG.DE vs. PRAZ.DE
CEUG.DE (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and PRAZ.DE (Amundi Prime Eurozone UCITS ETF) are both Europe Equities funds from Amundi - CEUG.DE tracks the MSCI Europe NR EUR while PRAZ.DE tracks the Solactive GBS Developed Markets Eurozone Large & Mid Cap. Both are passively managed. Over the past 5 years, CEUG.DE returned 9.35%/yr vs 10.92%/yr for PRAZ.DE. Their correlation of 0.82 suggests significant overlap in exposure. CEUG.DE charges 0.12%/yr vs 0.05%/yr for PRAZ.DE.
Performance
CEUG.DE vs. PRAZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEUG.DE achieves a 7.45% return, which is significantly lower than PRAZ.DE's 9.30% return.
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%
PRAZ.DE
- 1D
- 0.60%
- 1M
- 4.74%
- YTD
- 9.30%
- 6M
- 11.04%
- 1Y
- 18.71%
- 3Y*
- 16.37%
- 5Y*
- 10.92%
- 10Y*
- —
CEUG.DE vs. PRAZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 7.45% | 19.02% | 9.58% | 15.40% | -11.56% | 25.11% | -4.34% |
PRAZ.DE Amundi Prime Eurozone UCITS ETF | 9.30% | 24.75% | 9.66% | 19.29% | -11.83% | 26.38% | -4.68% |
Correlation
The correlation between CEUG.DE and PRAZ.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.82 |
The correlation between CEUG.DE and PRAZ.DE shifts across timeframes, from 0.82 (all time) to 0.94 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CEUG.DE vs. PRAZ.DE — Risk / Return Rank
CEUG.DE
PRAZ.DE
CEUG.DE vs. PRAZ.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 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.
| CEUG.DE | PRAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.78 | -0.13 |
| Martin ratioReturn relative to average drawdown | 6.05 | 6.54 | -0.49 |
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 | PRAZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.25 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.64 | +0.01 |
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 | 0.55 | -0.03 |
Drawdowns
CEUG.DE vs. PRAZ.DE - Drawdown Comparison
The maximum CEUG.DE drawdown since its inception was -35.67%, which is greater than PRAZ.DE's maximum drawdown of -29.52%. Use the drawdown chart below to compare losses from any high point for CEUG.DE and PRAZ.DE.
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Drawdown Indicators
| CEUG.DE | PRAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -29.52% | -6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -10.45% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -15.46% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -24.09% | +3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -35.67% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -0.37% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -6.18% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.86% | -0.10% |
Volatility
CEUG.DE vs. PRAZ.DE - Volatility Comparison
The current volatility for iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) is 4.42%, while Amundi Prime Eurozone UCITS ETF (PRAZ.DE) has a volatility of 4.69%. This indicates that CEUG.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
| CEUG.DE | PRAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.69% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 12.25% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 14.95% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 16.99% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 19.16% | -3.54% |
CEUG.DE vs. PRAZ.DE - Expense Ratio Comparison
CEUG.DE has a 0.12% 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
CEUG.DE vs. PRAZ.DE - Dividend Comparison
Neither CEUG.DE nor PRAZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, CEUG.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 0.12% for CEUG.DE.
CEUG.DE tracks MSCI Europe NR EUR, while PRAZ.DE tracks Solactive GBS Developed Markets Eurozone Large & Mid Cap. Their fees differ too: 0.12% for CEUG.DE and 0.05% for PRAZ.DE.
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