FREM.L vs. PRAM.L
FREM.L (Franklin EM Multi-Factor Equity UCITS ETF USD (Acc)) and PRAM.L (Amundi Prime Emerging Markets UCITS ETF DR (C)) are both Emerging Markets Equities funds - FREM.L tracks the LibertyQ Emerging Markets Index-NR while PRAM.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 3 years, FREM.L returned 16.78%/yr vs 19.01%/yr for PRAM.L. Their correlation of 0.84 suggests significant overlap in exposure. FREM.L charges 0.30%/yr vs 0.10%/yr for PRAM.L.
Performance
FREM.L vs. PRAM.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FREM.L achieves a 11.87% return, which is significantly lower than PRAM.L's 14.40% return.
FREM.L
- 1D
- -0.71%
- 1M
- -3.96%
- 6M
- 7.88%
- YTD
- 11.87%
- 1Y
- 21.67%
- 3Y*
- 16.78%
- 5Y*
- 6.96%
- 10Y*
- —
PRAM.L
- 1D
- -2.05%
- 1M
- -9.53%
- 6M
- 8.92%
- YTD
- 14.40%
- 1Y
- 28.83%
- 3Y*
- 19.01%
- 5Y*
- —
- 10Y*
- —
FREM.L vs. PRAM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FREM.L Franklin EM Multi-Factor Equity UCITS ETF USD (Acc) | 11.87% | 27.77% | 6.27% | 12.53% | -19.30% | 1.98% |
PRAM.L Amundi Prime Emerging Markets UCITS ETF DR (C) | 14.40% | 32.60% | 7.09% | 9.87% | -17.96% | -0.87% |
Correlation
The correlation between FREM.L and PRAM.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2021 | 0.84 |
The correlation between FREM.L and PRAM.L has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FREM.L vs. PRAM.L — Risk / Return Rank
FREM.L
PRAM.L
FREM.L vs. PRAM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin EM Multi-Factor Equity UCITS ETF USD (Acc) (FREM.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.
| FREM.L | PRAM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.29 | -0.24 |
| Martin ratioReturn relative to average drawdown | 6.30 | 7.02 | -0.72 |
Loading charts...
Drawdowns
FREM.L vs. PRAM.L - Drawdown Comparison
The maximum FREM.L drawdown since its inception was -39.05%, 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 FREM.L and PRAM.L.
Loading charts...
Drawdown Indicators
| FREM.L | PRAM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.05% | -31.21% | -7.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -12.51% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -12.98% | -16.74% | +3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -29.99% | — | — |
Current DrawdownCurrent decline from peak | -5.08% | -11.32% | +6.24% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -10.59% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 4.10% | -0.67% |
Volatility
FREM.L vs. PRAM.L - Volatility Comparison
The current volatility for Franklin EM Multi-Factor Equity UCITS ETF USD (Acc) (FREM.L) is 4.29%, while Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.L) has a volatility of 8.81%. This indicates that FREM.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.
Loading charts...
Volatility by Period
| FREM.L | PRAM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 8.81% | -4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.63% | 19.52% | -5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 21.62% | -6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 18.65% | -3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 18.65% | -1.71% |
FREM.L vs. PRAM.L - Expense Ratio Comparison
FREM.L has a 0.30% expense ratio, which is higher than PRAM.L's 0.10% expense ratio.
Dividends
FREM.L vs. PRAM.L - Dividend Comparison
Neither FREM.L nor PRAM.L has paid dividends to shareholders.
Frequently Asked Questions
FREM.L and PRAM.L have a correlation of 0.87, 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 0.30% for FREM.L.
FREM.L tracks LibertyQ Emerging Markets Index-NR, while PRAM.L tracks MSCI EM NR USD. They also come from different issuers: Franklin and Amundi. Their fees differ too: 0.30% for FREM.L and 0.10% for PRAM.L.
Find the right allocation for FREM.L and PRAM.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer