EMNE.DE vs. PRAE.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds - EMNE.DE tracks the MSCI EMU ESG Enhanced Focus CTB Index while PRAE.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 10.56%/yr for PRAE.DE. Their correlation of 0.85 suggests significant overlap in exposure. EMNE.DE charges 0.12%/yr vs 0.05%/yr for PRAE.DE.
Performance
EMNE.DE vs. PRAE.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 PRAE.DE slightly higher at 11.19%.
EMNE.DE
- 1D
- -0.22%
- 1M
- -0.33%
- 6M
- 7.66%
- YTD
- 10.66%
- 1Y
- 20.09%
- 3Y*
- 15.22%
- 5Y*
- 10.53%
- 10Y*
- —
PRAE.DE
- 1D
- 0.22%
- 1M
- 1.64%
- 6M
- 7.62%
- YTD
- 11.19%
- 1Y
- 22.11%
- 3Y*
- 15.09%
- 5Y*
- 10.56%
- 10Y*
- —
EMNE.DE vs. PRAE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 10.66% | 22.18% | 9.86% | 18.79% | -12.35% | 22.75% | 0.90% |
PRAE.DE Amundi Prime Europe UCITS ETF | 11.19% | 20.48% | 8.47% | 15.73% | -9.23% | 25.26% | -4.30% |
Correlation
The correlation between EMNE.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 22, 2020 | 0.85 |
The correlation between EMNE.DE and PRAE.DE has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.
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Return for Risk
EMNE.DE vs. PRAE.DE — Risk / Return Rank
EMNE.DE
PRAE.DE
EMNE.DE vs. PRAE.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 (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.
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 | PRAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.31 | -0.48 |
| Martin ratioReturn relative to average drawdown | 6.80 | 9.05 | -2.25 |
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Drawdowns
EMNE.DE vs. PRAE.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, smaller than the maximum PRAE.DE drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and PRAE.DE.
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Drawdown Indicators
| EMNE.DE | PRAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -37.01% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -9.52% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -16.93% | +1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -19.59% | -5.11% |
Current DrawdownCurrent decline from peak | -2.07% | -1.59% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -5.23% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.44% | +0.51% |
Volatility
EMNE.DE vs. PRAE.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 (PRAE.DE) at 3.49%. This indicates that EMNE.DE's price experiences larger fluctuations and is considered to be riskier 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
| EMNE.DE | PRAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 3.49% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 11.16% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 13.19% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 14.42% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 17.78% | +2.21% |
EMNE.DE vs. PRAE.DE - Expense Ratio Comparison
EMNE.DE has a 0.12% 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
EMNE.DE vs. PRAE.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.37%, while PRAE.DE has not paid dividends to shareholders.
| 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% |
PRAE.DE Amundi Prime Europe UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, EMNE.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 0.12% for EMNE.DE.
EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, 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: 0.12% for EMNE.DE and 0.05% for PRAE.DE.
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