EMXG.L vs. PRAM.L
EMXG.L (Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C)) and PRAM.L (Amundi Prime Emerging Markets UCITS ETF DR (C)) are both Emerging Markets Equities funds from Amundi tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, EMXG.L returned 14.56%/yr vs 20.13%/yr for PRAM.L. A 0.54 correlation means they provide meaningful diversification when combined. EMXG.L charges 0.35%/yr vs 0.10%/yr for PRAM.L.
Performance
EMXG.L vs. PRAM.L - Performance Comparison
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Different Trading Currencies
EMXG.L is traded in GBp, while PRAM.L is traded in USD. To make them comparable, the PRAM.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMXG.L achieves a 18.18% return, which is significantly lower than PRAM.L's 24.77% return.
EMXG.L
- 1D
- -0.93%
- 1M
- 5.63%
- YTD
- 18.18%
- 6M
- 20.23%
- 1Y
- 37.42%
- 3Y*
- 14.56%
- 5Y*
- —
- 10Y*
- —
PRAM.L
- 1D
- -1.56%
- 1M
- 5.71%
- YTD
- 24.77%
- 6M
- 26.35%
- 1Y
- 51.29%
- 3Y*
- 20.13%
- 5Y*
- —
- 10Y*
- —
EMXG.L vs. PRAM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMXG.L Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C) | 18.18% | 18.34% | 2.79% | 6.43% | -10.02% | -0.56% |
PRAM.L Amundi Prime Emerging Markets UCITS ETF DR (C) | 24.77% | 23.16% | 9.01% | 3.99% | -8.64% | 0.00% |
Correlation
The correlation between EMXG.L and PRAM.L is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021 | 0.54 |
Over the past year, EMXG.L and PRAM.L have become more correlated (0.78) than their long-term average of 0.54, meaning their price movements have been converging.
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Return for Risk
EMXG.L vs. PRAM.L — Risk / Return Rank
EMXG.L
PRAM.L
EMXG.L vs. PRAM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C) (EMXG.L) and Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.L). 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.
| EMXG.L | PRAM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.52 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 4.98 | -2.02 |
| Martin ratioReturn relative to average drawdown | 10.76 | 16.58 | -5.82 |
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
| EMXG.L | PRAM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.84 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.82 | -0.40 |
Drawdowns
EMXG.L vs. PRAM.L - Drawdown Comparison
The maximum EMXG.L drawdown since its inception was -16.30%, roughly equal to the maximum PRAM.L drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for EMXG.L and PRAM.L.
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Drawdown Indicators
| EMXG.L | PRAM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.30% | -15.77% | -0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -10.26% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -15.77% | +0.23% |
Current DrawdownCurrent decline from peak | -2.75% | -2.78% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -4.79% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 3.08% | +0.39% |
Volatility
EMXG.L vs. PRAM.L - Volatility Comparison
The current volatility for Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C) (EMXG.L) is 6.11%, while Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.L) has a volatility of 7.80%. This indicates that EMXG.L experiences smaller price fluctuations and is considered to be less risky than PRAM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMXG.L | PRAM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 7.80% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | 15.43% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 18.02% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 18.89% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 18.89% | -2.64% |
EMXG.L vs. PRAM.L - Expense Ratio Comparison
EMXG.L has a 0.35% expense ratio, which is higher than PRAM.L's 0.10% expense ratio.
Dividends
EMXG.L vs. PRAM.L - Dividend Comparison
Neither EMXG.L nor PRAM.L has paid dividends to shareholders.
Frequently Asked Questions
EMXG.L and PRAM.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAM.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAM.L is cheaper with a 0.10% expense ratio, compared with 0.35% for EMXG.L.
Both ETFs track MSCI EM NR USD. Their fees differ too: 0.35% for EMXG.L and 0.10% for PRAM.L.
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