MJMT.DE vs. PRAG.DE
Compare and contrast key facts about Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) and Amundi Prime Global Govies UCITS ETF (PRAG.DE).
MJMT.DE and PRAG.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MJMT.DE is a passively managed fund by Amundi that tracks the performance of the MSCI Europe Momentum. It was launched on Mar 22, 2018. PRAG.DE is a passively managed fund by Amundi that tracks the performance of the Solactive Global Developed Government Bond. It was launched on Jan 15, 2020. Both MJMT.DE and PRAG.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MJMT.DE or PRAG.DE.
Key characteristics
| MJMT.DE | PRAG.DE | |
|---|---|---|
| YTD Return | 18.94% | 1.72% |
| 1Y Return | 24.63% | 5.84% |
| 3Y Return (Ann) | 3.92% | -3.57% |
| Sharpe Ratio | 1.85 | 1.06 |
| Sortino Ratio | 2.45 | 1.72 |
| Omega Ratio | 1.33 | 1.19 |
| Calmar Ratio | 2.40 | 0.25 |
| Martin Ratio | 10.77 | 3.51 |
| Ulcer Index | 2.17% | 1.63% |
| Daily Std Dev | 12.59% | 5.41% |
| Max Drawdown | -31.35% | -23.63% |
| Current Drawdown | -1.89% | -18.50% |
Correlation
The correlation between MJMT.DE and PRAG.DE is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MJMT.DE vs. PRAG.DE - Performance Comparison
In the year-to-date period, MJMT.DE achieves a 18.94% return, which is significantly higher than PRAG.DE's 1.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MJMT.DE vs. PRAG.DE - Expense Ratio Comparison
MJMT.DE has a 0.23% expense ratio, which is higher than PRAG.DE'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%.
Risk-Adjusted Performance
MJMT.DE vs. PRAG.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) and Amundi Prime Global Govies UCITS ETF (PRAG.DE). 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.
Dividends
MJMT.DE vs. PRAG.DE - Dividend Comparison
Neither MJMT.DE nor PRAG.DE has paid dividends to shareholders.
Drawdowns
MJMT.DE vs. PRAG.DE - Drawdown Comparison
The maximum MJMT.DE drawdown since its inception was -31.35%, which is greater than PRAG.DE's maximum drawdown of -23.63%. Use the drawdown chart below to compare losses from any high point for MJMT.DE and PRAG.DE. For additional features, visit the drawdowns tool.
Volatility
MJMT.DE vs. PRAG.DE - Volatility Comparison
Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) has a higher volatility of 4.88% compared to Amundi Prime Global Govies UCITS ETF (PRAG.DE) at 2.28%. This indicates that MJMT.DE's price experiences larger fluctuations and is considered to be riskier than PRAG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.