EMNE.DE vs. PR1Z.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and PR1Z.DE (Amundi Prime Eurozone UCITS ETF DR (D)) are both Europe Equities funds - EMNE.DE tracks the MSCI EMU ESG Enhanced Focus CTB Index while PR1Z.DE tracks the Solactive GBS Developed Markets Eurozone Large & Mid Cap. Both are passively managed. Over the past 5 years, EMNE.DE returned 10.53%/yr vs 11.53%/yr for PR1Z.DE. Their correlation of 0.85 suggests significant overlap in exposure. EMNE.DE charges 0.12%/yr vs 0.05%/yr for PR1Z.DE.
Performance
EMNE.DE vs. PR1Z.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMNE.DE achieves a 10.66% return, which is significantly lower than PR1Z.DE's 11.71% return.
EMNE.DE
- 1D
- -0.22%
- 1M
- -0.33%
- 6M
- 7.66%
- YTD
- 10.66%
- 1Y
- 20.09%
- 3Y*
- 15.22%
- 5Y*
- 10.53%
- 10Y*
- —
PR1Z.DE
- 1D
- -0.18%
- 1M
- 0.13%
- 6M
- 7.95%
- YTD
- 11.71%
- 1Y
- 22.09%
- 3Y*
- 16.40%
- 5Y*
- 11.53%
- 10Y*
- —
EMNE.DE vs. PR1Z.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% |
PR1Z.DE Amundi Prime Eurozone UCITS ETF DR (D) | 11.71% | 24.78% | 9.45% | 19.41% | -12.44% | 27.38% | -4.63% | 16.86% |
Correlation
The correlation between EMNE.DE and PR1Z.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 | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.85 |
The correlation between EMNE.DE and PR1Z.DE shifts across timeframes, from 0.85 (all time) to 0.98 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMNE.DE vs. PR1Z.DE — Risk / Return Rank
EMNE.DE
PR1Z.DE
EMNE.DE vs. PR1Z.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 Eurozone UCITS ETF DR (D) (PR1Z.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 | PR1Z.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.13 | -0.30 |
| Martin ratioReturn relative to average drawdown | 6.80 | 8.01 | -1.20 |
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Drawdowns
EMNE.DE vs. PR1Z.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, smaller than the maximum PR1Z.DE drawdown of -39.55%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and PR1Z.DE.
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Drawdown Indicators
| EMNE.DE | PR1Z.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -39.55% | +5.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -10.31% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -15.67% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -24.21% | -0.49% |
Current DrawdownCurrent decline from peak | -2.07% | -2.31% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -5.54% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.75% | +0.20% |
Volatility
EMNE.DE vs. PR1Z.DE - Volatility Comparison
The current volatility for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) is 3.83%, while Amundi Prime Eurozone UCITS ETF DR (D) (PR1Z.DE) has a volatility of 4.11%. This indicates that EMNE.DE experiences smaller price fluctuations and is considered to be less risky than PR1Z.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 | PR1Z.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 4.11% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 12.61% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 14.78% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 16.31% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 18.65% | +1.34% |
EMNE.DE vs. PR1Z.DE - Expense Ratio Comparison
EMNE.DE has a 0.12% expense ratio, which is higher than PR1Z.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. PR1Z.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.37%, more than PR1Z.DE's 2.26% 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% |
PR1Z.DE Amundi Prime Eurozone UCITS ETF DR (D) | 2.26% | 2.53% | 2.77% | 2.80% | 3.09% | 1.83% | 2.11% | 2.60% |
Frequently Asked Questions
With a correlation of 0.98, EMNE.DE and PR1Z.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, PR1Z.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1Z.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 PR1Z.DE tracks Solactive GBS Developed Markets Eurozone 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 PR1Z.DE.
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