EMNE.DE vs. PR1E.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and PR1E.DE (Amundi Prime Europe UCITS ETF DR (D)) are both Europe Equities funds - EMNE.DE tracks the MSCI EMU ESG Enhanced Focus CTB Index while PR1E.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 5 years, EMNE.DE returned 10.53%/yr vs 10.57%/yr for PR1E.DE. Their correlation of 0.82 suggests significant overlap in exposure. EMNE.DE charges 0.12%/yr vs 0.05%/yr for PR1E.DE.
Performance
EMNE.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 EMNE.DE having a 10.66% return and PR1E.DE slightly higher at 11.13%.
EMNE.DE
- 1D
- -0.22%
- 1M
- -0.33%
- 6M
- 7.66%
- YTD
- 10.66%
- 1Y
- 20.09%
- 3Y*
- 15.22%
- 5Y*
- 10.53%
- 10Y*
- —
PR1E.DE
- 1D
- 0.19%
- 1M
- 1.63%
- 6M
- 7.56%
- YTD
- 11.13%
- 1Y
- 22.08%
- 3Y*
- 14.94%
- 5Y*
- 10.57%
- 10Y*
- —
EMNE.DE vs. PR1E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 10.66% | 22.18% | 9.86% | 18.79% | -12.35% | 22.75% | 1.44% | 16.09% |
PR1E.DE Amundi Prime Europe UCITS ETF DR (D) | 11.13% | 20.51% | 8.42% | 15.89% | -9.36% | 25.41% | -3.59% | 14.80% |
Correlation
The correlation between EMNE.DE and PR1E.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.82 |
The correlation between EMNE.DE and PR1E.DE shifts across timeframes, from 0.82 (all time) to 0.94 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMNE.DE vs. PR1E.DE — Risk / Return Rank
EMNE.DE
PR1E.DE
EMNE.DE vs. PR1E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.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.
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.
| EMNE.DE | PR1E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.34 | -0.51 |
| Martin ratioReturn relative to average drawdown | 6.80 | 9.04 | -2.24 |
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Drawdowns
EMNE.DE vs. PR1E.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, roughly equal to the maximum PR1E.DE drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and PR1E.DE.
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Drawdown Indicators
| EMNE.DE | PR1E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -35.99% | +1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -9.39% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -16.84% | +1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -19.65% | -5.05% |
Current DrawdownCurrent decline from peak | -2.07% | -1.63% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -4.76% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.44% | +0.51% |
Volatility
EMNE.DE vs. PR1E.DE - Volatility Comparison
iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) has a higher volatility of 3.83% compared to Amundi Prime Europe UCITS ETF DR (D) (PR1E.DE) at 3.26%. This indicates that EMNE.DE's price experiences larger fluctuations and is considered to be riskier than PR1E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMNE.DE | PR1E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 3.26% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 11.03% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 13.06% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 14.48% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 16.52% | +3.47% |
EMNE.DE vs. PR1E.DE - Expense Ratio Comparison
EMNE.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
EMNE.DE vs. PR1E.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.37%, more than PR1E.DE's 2.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 2.37% | 2.61% | 2.95% | 3.17% | 3.34% | 2.40% | 1.85% | 2.67% |
PR1E.DE Amundi Prime Europe UCITS ETF DR (D) | 2.31% | 2.56% | 2.87% | 2.91% | 3.15% | 2.25% | 2.17% | 2.73% |
Frequently Asked Questions
With a correlation of 0.93, EMNE.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 EMNE.DE.
EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, while PR1E.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for EMNE.DE and 0.05% for PR1E.DE.
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