FPXE.L vs. PRIE.L

Last updated Jul 17, 2026

FPXE.L (First Trust IPOX Europe Equity Opportunities UCITS ETF Class A USD (Acc)) and PRIE.L (Amundi Prime Europe UCITS ETF DR (D)) are both Europe Equities funds - FPXE.L tracks the IPOX 100 Europe Index while PRIE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, FPXE.L returned 3.93%/yr vs 10.35%/yr for PRIE.L. A 0.78 correlation means they provide meaningful diversification when combined. FPXE.L charges 0.65%/yr vs 0.05%/yr for PRIE.L.

Performance

FPXE.L vs. PRIE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust IPOX Europe Equity Opportunities UCITS ETF Class A USD (Acc) (FPXE.L) and Amundi Prime Europe UCITS ETF DR (D) (PRIE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FPXE.L achieves a 7.25% return, which is significantly lower than PRIE.L's 8.16% return.

FPXE.L

• 1D: -1.63%
• 1M: -7.43%
• 6M: 5.23%
• YTD: 7.25%
• 1Y: 7.21%
• 3Y*: 15.00%
• 5Y*: 3.93%
• 10Y*: —

PRIE.L

• 1D: 0.07%
• 1M: -0.59%
• 6M: 4.54%
• YTD: 8.16%
• 1Y: 19.83%
• 3Y*: 14.67%
• 5Y*: 10.35%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FPXE.L vs. PRIE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FPXE.L First Trust IPOX Europe Equity Opportunities UCITS ETF Class A USD (Acc)	7.25%	14.93%	17.51%	8.62%	-27.20%	-6.75%
PRIE.L Amundi Prime Europe UCITS ETF DR (D)	8.16%	26.12%	3.78%	13.38%	-3.62%	5.80%

Correlation

The correlation between FPXE.L and PRIE.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	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 22, 2021	0.78

The correlation between FPXE.L and PRIE.L has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.

Return for Risk

FPXE.L vs. PRIE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FPXE.L

FPXE.L Risk / Return Rank: 18
FPXE.L Sharpe Ratio Rank: 17
FPXE.L Sortino Ratio Rank: 16
FPXE.L Omega Ratio Rank: 16
FPXE.L Calmar Ratio Rank: 21
FPXE.L Martin Ratio Rank: 23

PRIE.L

PRIE.L Risk / Return Rank: 55
PRIE.L Sharpe Ratio Rank: 60
PRIE.L Sortino Ratio Rank: 58
PRIE.L Omega Ratio Rank: 62
PRIE.L Calmar Ratio Rank: 45
PRIE.L Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FPXE.L vs. PRIE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust IPOX Europe Equity Opportunities UCITS ETF Class A USD (Acc) (FPXE.L) and Amundi Prime Europe UCITS ETF DR (D) (PRIE.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.

	FPXE.L	PRIE.L	Difference
Sharpe ratio: Return per unit of total volatility	0.40	1.60	-1.20
Sortino ratio: Return per unit of downside risk	0.71	2.23	-1.52
Omega ratio: Gain probability vs. loss probability	1.08	1.30	-0.22
Calmar ratio: Return relative to maximum drawdown	0.73	1.87	-1.14
Martin ratio: Return relative to average drawdown	2.17	6.72	-4.56

FPXE.L vs. PRIE.L - Sharpe Ratio Comparison

The current FPXE.L Sharpe Ratio is 0.40, which is lower than the PRIE.L Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of FPXE.L and PRIE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FPXE.L vs. PRIE.L - Drawdown Comparison

The maximum FPXE.L drawdown since its inception was -38.82%, which is greater than PRIE.L's maximum drawdown of -29.33%. Use the drawdown chart below to compare losses from any high point for FPXE.L and PRIE.L.

Drawdown Indicators

	FPXE.L	PRIE.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.82%	-29.33%	-9.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-10.55%	+1.00%
Max Drawdown (3Y) Largest decline over 3 years	-21.19%	-13.25%	-7.94%
Max Drawdown (5Y) Largest decline over 5 years	-37.41%	-15.93%	-21.48%
Current Drawdown Current decline from peak	-9.22%	-2.58%	-6.64%
Average Drawdown Average peak-to-trough decline	-17.11%	-4.62%	-12.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	2.94%	+0.30%

Volatility

FPXE.L vs. PRIE.L - Volatility Comparison

First Trust IPOX Europe Equity Opportunities UCITS ETF Class A USD (Acc) (FPXE.L) has a higher volatility of 6.06% compared to Amundi Prime Europe UCITS ETF DR (D) (PRIE.L) at 3.36%. This indicates that FPXE.L's price experiences larger fluctuations and is considered to be riskier than PRIE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FPXE.L	PRIE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	3.36%	+2.70%
Volatility (6M) Calculated over the trailing 6-month period	15.30%	10.65%	+4.65%
Volatility (1Y) Calculated over the trailing 1-year period	17.47%	12.34%	+5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.50%	13.97%	+4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.29%	16.46%	+2.83%

FPXE.L vs. PRIE.L - Expense Ratio Comparison

FPXE.L has a 0.65% expense ratio, which is higher than PRIE.L's 0.05% expense ratio.

Dividends

FPXE.L vs. PRIE.L - Dividend Comparison

FPXE.L has not paid dividends to shareholders, while PRIE.L's dividend yield for the trailing twelve months is around 2.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FPXE.L First Trust IPOX Europe Equity Opportunities UCITS ETF Class A USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRIE.L Amundi Prime Europe UCITS ETF DR (D)	2.38%	2.57%	2.84%	2.88%	3.10%	2.27%	2.16%	2.76%

Frequently Asked Questions

Can I hold both FPXE.L and PRIE.L in my portfolio?

FPXE.L and PRIE.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.

Which ETF is better, FPXE.L or PRIE.L?

On fees, PRIE.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FPXE.L or PRIE.L?

PRIE.L is cheaper with a 0.05% expense ratio, compared with 0.65% for FPXE.L.

What is the main difference between FPXE.L and PRIE.L?

FPXE.L tracks IPOX 100 Europe Index, while PRIE.L tracks MSCI Europe NR EUR. They also come from different issuers: First Trust and Amundi. Their fees differ too: 0.65% for FPXE.L and 0.05% for PRIE.L.