IPOL.L vs. PRAM.L
IPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) and PRAM.L (Amundi Prime Emerging Markets UCITS ETF DR (C)) are both Emerging Markets Equities funds - IPOL.L tracks the MSCI Emerging - Poland in Net USD while PRAM.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 3 years, IPOL.L returned 28.08%/yr vs 19.01%/yr for PRAM.L. A 0.57 correlation means they provide meaningful diversification when combined. IPOL.L charges 0.74%/yr vs 0.10%/yr for PRAM.L.
Performance
IPOL.L vs. PRAM.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IPOL.L having a 14.81% return and PRAM.L slightly lower at 14.40%.
IPOL.L
- 1D
- -1.18%
- 1M
- -2.95%
- 6M
- 12.69%
- YTD
- 14.81%
- 1Y
- 30.84%
- 3Y*
- 28.08%
- 5Y*
- 14.78%
- 10Y*
- 9.64%
PRAM.L
- 1D
- -2.05%
- 1M
- -9.53%
- 6M
- 8.92%
- YTD
- 14.40%
- 1Y
- 28.83%
- 3Y*
- 19.01%
- 5Y*
- —
- 10Y*
- —
IPOL.L vs. PRAM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IPOL.L iShares MSCI Poland UCITS ETF USD (Acc) | 14.81% | 72.75% | -6.10% | 49.20% | -26.61% | -5.84% |
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 IPOL.L and PRAM.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2021 | 0.57 |
The correlation between IPOL.L and PRAM.L has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
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Return for Risk
IPOL.L vs. PRAM.L — Risk / Return Rank
IPOL.L
PRAM.L
IPOL.L vs. PRAM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.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.
| IPOL.L | PRAM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.29 | +0.64 |
| Martin ratioReturn relative to average drawdown | 6.74 | 7.02 | -0.28 |
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Drawdowns
IPOL.L vs. PRAM.L - Drawdown Comparison
The maximum IPOL.L drawdown since its inception was -68.05%, 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 IPOL.L and PRAM.L.
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Drawdown Indicators
| IPOL.L | PRAM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.05% | -31.21% | -36.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -12.51% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -16.74% | -5.69% |
Max Drawdown (5Y)Largest decline over 5 years | -55.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.79% | — | — |
Current DrawdownCurrent decline from peak | -2.95% | -11.32% | +8.37% |
Average DrawdownAverage peak-to-trough decline | -29.57% | -10.59% | -18.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 4.10% | +0.47% |
Volatility
IPOL.L vs. PRAM.L - Volatility Comparison
The current volatility for iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L) is 5.32%, while Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.L) has a volatility of 8.81%. This indicates that IPOL.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
| IPOL.L | PRAM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 8.81% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 19.48% | 19.52% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 21.62% | +3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.15% | 18.65% | +11.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.40% | 18.65% | +8.75% |
IPOL.L vs. PRAM.L - Expense Ratio Comparison
IPOL.L has a 0.74% expense ratio, which is higher than PRAM.L's 0.10% expense ratio.
Dividends
IPOL.L vs. PRAM.L - Dividend Comparison
Neither IPOL.L nor PRAM.L has paid dividends to shareholders.
Frequently Asked Questions
IPOL.L and PRAM.L have a correlation of 0.52, 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 0.74% for IPOL.L.
IPOL.L tracks MSCI Emerging - Poland in Net USD, while PRAM.L tracks MSCI EM NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.74% for IPOL.L and 0.10% for PRAM.L.
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