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IEMU.L vs. PRIZ.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEMU.L vs. PRIZ.L

Last updated Jun 6, 2026

IEMU.L (iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)) and PRIZ.L (Amundi Prime Eurozone UCITS ETF DR (D)) are both Europe Equities funds tracking the MSCI EMU NR EUR, from iShares and Amundi respectively. Both are passively managed. Over the past 5 years, IEMU.L returned 9.30%/yr vs 9.57%/yr for PRIZ.L. Their correlation of 0.92 suggests significant overlap in exposure. IEMU.L charges 0.12%/yr vs 0.05%/yr for PRIZ.L.

Performance

IEMU.L vs. PRIZ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (IEMU.L) and Amundi Prime Eurozone UCITS ETF DR (D) (PRIZ.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IEMU.L is traded in USD, while PRIZ.L is traded in GBp. To make them comparable, the PRIZ.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with IEMU.L having a 6.52% return and PRIZ.L slightly higher at 6.58%.

IEMU.L

1D
-1.37%
1M
-0.53%
YTD
6.52%
6M
9.09%
1Y
17.90%
3Y*
18.77%
5Y*
9.30%
10Y*
11.41%

PRIZ.L

1D
-1.35%
1M
-0.66%
YTD
6.58%
6M
9.05%
1Y
18.81%
3Y*
18.87%
5Y*
9.57%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEMU.L vs. PRIZ.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IEMU.L
iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)		6.52%39.99%3.03%23.26%-16.41%13.04%22.02%18.59%
PRIZ.L
Amundi Prime Eurozone UCITS ETF DR (D)		6.58%40.72%3.03%23.32%-16.66%16.16%5.19%4.70%

Correlation

The correlation between IEMU.L and PRIZ.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.96

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.95

Correlation (All Time)
Calculated using the full available price history since Jan 31, 2019

0.92

The correlation between IEMU.L and PRIZ.L has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

IEMU.L vs. PRIZ.L - Sectors Allocation Comparison

Sectors
IEMU.L
PRIZ.L

Financial Services

24.0%
24.2%

Industrials

21.0%
20.7%

Technology

15.9%
15.9%

Consumer Cyclical

8.4%
8.4%

Utilities

6.4%
6.8%

Healthcare

5.6%
5.9%

Consumer Defensive

5.6%
5.0%

Communication Services

4.3%
4.0%

Basic Materials

4.0%
3.9%

Energy

3.9%
4.6%

Real Estate

0.9%
0.7%

Financial Services

IEMU.L
24.0%
PRIZ.L
24.2%

Industrials

IEMU.L
21.0%
PRIZ.L
20.7%

Technology

IEMU.L
15.9%
PRIZ.L
15.9%

Consumer Cyclical

IEMU.L
8.4%
PRIZ.L
8.4%

Utilities

IEMU.L
6.4%
PRIZ.L
6.8%

Healthcare

IEMU.L
5.6%
PRIZ.L
5.9%

Consumer Defensive

IEMU.L
5.6%
PRIZ.L
5.0%

Communication Services

IEMU.L
4.3%
PRIZ.L
4.0%

Basic Materials

IEMU.L
4.0%
PRIZ.L
3.9%

Energy

IEMU.L
3.9%
PRIZ.L
4.6%

Real Estate

IEMU.L
0.9%
PRIZ.L
0.7%

Compare stocks, funds, or ETFs

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iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)

Amundi Prime Eurozone UCITS ETF DR (D)

Often compared with IEMU.L:
IEMU.L vs. IMEU.ASIEMU.L vs. VEUR.ASIEMU.L vs. CSPX.LIEMU.L vs. ASEAIEMU.L vs. VXUSIEMU.L vs. ACWIIEMU.L vs. BBEU
Often compared with PRIZ.L:
PRIZ.L vs. PR1E.DEPRIZ.L vs. IEURPRIZ.L vs. MMS.LPRIZ.L vs. 500U.LPRIZ.L vs. LCUK.LPRIZ.L vs. 500G.LPRIZ.L vs. CEUR.L

Return for Risk

IEMU.L vs. PRIZ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEMU.L
IEMU.L Risk / Return Rank: 3333
Overall Rank
IEMU.L Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
IEMU.L Sortino Ratio Rank: 3333
Sortino Ratio Rank
IEMU.L Omega Ratio Rank: 3232
Omega Ratio Rank
IEMU.L Calmar Ratio Rank: 3232
Calmar Ratio Rank
IEMU.L Martin Ratio Rank: 3737
Martin Ratio Rank
PRIZ.L
PRIZ.L Risk / Return Rank: 4747
Overall Rank
PRIZ.L Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
PRIZ.L Sortino Ratio Rank: 4949
Sortino Ratio Rank
PRIZ.L Omega Ratio Rank: 4949
Omega Ratio Rank
PRIZ.L Calmar Ratio Rank: 4242
Calmar Ratio Rank
PRIZ.L Martin Ratio Rank: 4545
Martin Ratio Rank
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.

IEMU.L vs. PRIZ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (IEMU.L) and Amundi Prime Eurozone UCITS ETF DR (D) (PRIZ.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.

IEMU.LPRIZ.LDifference
Sharpe ratioReturn per unit of total volatility
1.05
1.17

-0.12

Sortino ratioReturn per unit of downside risk
1.62
1.77

-0.15

Omega ratioGain probability vs. loss probability

1.20

1.22

-0.02

Calmar ratioReturn relative to maximum drawdown

1.45

1.49

-0.04

Martin ratioReturn relative to average drawdown

5.20

5.33

-0.12

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEMU.L vs. PRIZ.L - Sharpe Ratio Comparison

The current IEMU.L Sharpe Ratio is 1.05, which is comparable to the PRIZ.L Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of IEMU.L and PRIZ.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.

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Sharpe Ratios by Period

IEMU.LPRIZ.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.05

1.17

-0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

0.49

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.47

-0.02

Drawdowns

IEMU.L vs. PRIZ.L - Drawdown Comparison

The maximum IEMU.L drawdown since its inception was -38.08%, smaller than the maximum PRIZ.L drawdown of -41.99%. Use the drawdown chart below to compare losses from any high point for IEMU.L and PRIZ.L.

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Drawdown Indicators

IEMU.LPRIZ.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.08%

-41.99%

+3.91%

Max Drawdown (1Y)

Largest decline over 1 year

-12.28%

-12.59%

+0.31%

Max Drawdown (3Y)

Largest decline over 3 years

-14.51%

-14.69%

+0.18%

Max Drawdown (5Y)

Largest decline over 5 years

-35.94%

-35.84%

-0.10%

Max Drawdown (10Y)

Largest decline over 10 years

-38.08%

—

—

Current Drawdown

Current decline from peak

-1.67%

-1.78%

+0.11%

Average Drawdown

Average peak-to-trough decline

-7.54%

-8.10%

+0.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

3.52%

-0.09%

Volatility

IEMU.L vs. PRIZ.L - Volatility Comparison

iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (IEMU.L) has a higher volatility of 4.97% compared to Amundi Prime Eurozone UCITS ETF DR (D) (PRIZ.L) at 4.31%. This indicates that IEMU.L's price experiences larger fluctuations and is considered to be riskier than PRIZ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEMU.LPRIZ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.97%

4.31%

+0.66%

Volatility (6M)

Calculated over the trailing 6-month period

14.21%

13.19%

+1.02%

Volatility (1Y)

Calculated over the trailing 1-year period

17.01%

16.02%

+0.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.72%

19.41%

+1.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.41%

21.71%

-1.30%

IEMU.L vs. PRIZ.L - Expense Ratio Comparison

IEMU.L has a 0.12% expense ratio, which is higher than PRIZ.L'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

IEMU.L vs. PRIZ.L - Dividend Comparison

IEMU.L has not paid dividends to shareholders, while PRIZ.L's dividend yield for the trailing twelve months is around 2.36%.

PositionTTM2025202420232022202120202019
IEMU.L
iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PRIZ.L
Amundi Prime Eurozone UCITS ETF DR (D)		2.36%2.54%2.75%2.78%3.05%1.86%2.08%3.08%

Frequently Asked Questions

With a correlation of 0.96, IEMU.L and PRIZ.L 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, PRIZ.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

PRIZ.L is cheaper with a 0.05% expense ratio, compared with 0.12% for IEMU.L.

Both ETFs track MSCI EMU NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for IEMU.L and 0.05% for PRIZ.L.

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