FEMU.L vs. PRAM.L
FEMU.L (First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation) and PRAM.L (Amundi Prime Emerging Markets UCITS ETF DR (C)) are both Emerging Markets Equities funds - FEMU.L tracks the First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation while PRAM.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 3 years, FEMU.L returned 16.05%/yr vs 19.18%/yr for PRAM.L. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
FEMU.L vs. PRAM.L - Performance Comparison
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Returns By Period
In the year-to-date period, FEMU.L achieves a 15.81% return, which is significantly lower than PRAM.L's 18.34% return.
FEMU.L
- 1D
- 0.66%
- 1M
- -3.00%
- 6M
- 10.14%
- YTD
- 15.81%
- 1Y
- 31.69%
- 3Y*
- 16.05%
- 5Y*
- 7.12%
- 10Y*
- 8.14%
PRAM.L
- 1D
- -0.38%
- 1M
- -6.24%
- 6M
- 12.84%
- YTD
- 18.34%
- 1Y
- 34.98%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
FEMU.L vs. PRAM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEMU.L First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation | 15.81% | 27.57% | 3.49% | 10.14% | -13.81% | -3.41% |
PRAM.L Amundi Prime Emerging Markets UCITS ETF DR (C) | 18.34% | 32.60% | 7.09% | 9.87% | -17.96% | -0.87% |
Correlation
The correlation between FEMU.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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2021 | 0.75 |
The correlation between FEMU.L and PRAM.L has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
FEMU.L vs. PRAM.L — Risk / Return Rank
FEMU.L
PRAM.L
FEMU.L vs. PRAM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation (FEMU.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.
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.
| FEMU.L | PRAM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 2.78 | +1.35 |
| Martin ratioReturn relative to average drawdown | 10.36 | 8.74 | +1.62 |
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Drawdowns
FEMU.L vs. PRAM.L - Drawdown Comparison
The maximum FEMU.L drawdown since its inception was -45.58%, which is greater than PRAM.L's maximum drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for FEMU.L and PRAM.L.
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Drawdown Indicators
| FEMU.L | PRAM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.58% | -31.21% | -14.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -12.51% | +4.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -16.74% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -31.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.58% | — | — |
Current DrawdownCurrent decline from peak | -4.88% | -8.27% | +3.39% |
Average DrawdownAverage peak-to-trough decline | -12.39% | -10.59% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.99% | -0.94% |
Volatility
FEMU.L vs. PRAM.L - Volatility Comparison
The current volatility for First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation (FEMU.L) is 7.82%, while Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.L) has a volatility of 8.85%. This indicates that FEMU.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
| FEMU.L | PRAM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 8.85% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.32% | 19.40% | -3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 21.48% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 18.63% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 18.63% | +1.89% |
Dividends
FEMU.L vs. PRAM.L - Dividend Comparison
Neither FEMU.L nor PRAM.L has paid dividends to shareholders.
Frequently Asked Questions
FEMU.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.
FEMU.L tracks First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation, while PRAM.L tracks MSCI EM NR USD. They also come from different issuers: First Trust and Amundi.
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