PR1Z.DE vs. AMES.DE
PR1Z.DE (Amundi Prime Eurozone UCITS ETF DR (D)) and AMES.DE (Amundi ETF MSCI Spain UCITS ETF EUR) are both Europe Equities funds from Amundi - PR1Z.DE tracks the Solactive GBS Developed Markets Eurozone Large & Mid Cap while AMES.DE tracks the MSCI Spain. Both are passively managed. Over the past 5 years, PR1Z.DE returned 11.07%/yr vs 20.59%/yr for AMES.DE. A 0.79 correlation means they provide meaningful diversification when combined. PR1Z.DE charges 0.05%/yr vs 0.25%/yr for AMES.DE.
Performance
PR1Z.DE vs. AMES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PR1Z.DE achieves a 11.26% return, which is significantly lower than AMES.DE's 14.05% return.
PR1Z.DE
- 1D
- -0.85%
- 1M
- 2.46%
- YTD
- 11.26%
- 6M
- 12.30%
- 1Y
- 24.08%
- 3Y*
- 17.22%
- 5Y*
- 11.07%
- 10Y*
- —
AMES.DE
- 1D
- -0.42%
- 1M
- 6.08%
- YTD
- 14.05%
- 6M
- 14.95%
- 1Y
- 45.42%
- 3Y*
- 32.13%
- 5Y*
- 20.59%
- 10Y*
- 13.10%
PR1Z.DE vs. AMES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PR1Z.DE Amundi Prime Eurozone UCITS ETF DR (D) | 11.26% | 24.78% | 9.45% | 19.41% | -12.44% | 27.38% | -4.63% | 22.47% |
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 14.05% | 55.41% | 19.00% | 26.86% | -0.71% | 6.98% | -12.87% | 7.67% |
Correlation
The correlation between PR1Z.DE and AMES.DE is 0.83, 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 | 0.83 |
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 Jan 30, 2019 | 0.79 |
The correlation between PR1Z.DE and AMES.DE has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
PR1Z.DE vs. AMES.DE — Risk / Return Rank
PR1Z.DE
AMES.DE
PR1Z.DE vs. AMES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Eurozone UCITS ETF DR (D) (PR1Z.DE) and Amundi ETF MSCI Spain UCITS ETF EUR (AMES.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.
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.
| PR1Z.DE | AMES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.49 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 4.54 | -2.22 |
| Martin ratioReturn relative to average drawdown | 8.75 | 16.06 | -7.31 |
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Drawdowns
PR1Z.DE vs. AMES.DE - Drawdown Comparison
The maximum PR1Z.DE drawdown since its inception was -39.55%, roughly equal to the maximum AMES.DE drawdown of -40.98%. Use the drawdown chart below to compare losses from any high point for PR1Z.DE and AMES.DE.
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Drawdown Indicators
| PR1Z.DE | AMES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.55% | -40.98% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -9.95% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.67% | -12.58% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -17.77% | -6.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.98% | — |
Current DrawdownCurrent decline from peak | -1.61% | -0.52% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -10.09% | +4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.82% | -0.08% |
Volatility
PR1Z.DE vs. AMES.DE - Volatility Comparison
The current volatility for Amundi Prime Eurozone UCITS ETF DR (D) (PR1Z.DE) is 3.52%, while Amundi ETF MSCI Spain UCITS ETF EUR (AMES.DE) has a volatility of 4.03%. This indicates that PR1Z.DE experiences smaller price fluctuations and is considered to be less risky than AMES.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PR1Z.DE | AMES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 4.03% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 14.00% | -1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.58% | 16.39% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 16.96% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.67% | 18.42% | +0.25% |
PR1Z.DE vs. AMES.DE - Expense Ratio Comparison
PR1Z.DE has a 0.05% expense ratio, which is lower than AMES.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PR1Z.DE vs. AMES.DE - Dividend Comparison
PR1Z.DE's dividend yield for the trailing twelve months is around 2.27%, while AMES.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AMES.DE Amundi ETF MSCI Spain UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PR1Z.DE Amundi Prime Eurozone UCITS ETF DR (D) | 2.27% | 2.53% | 2.77% | 2.80% | 3.09% | 1.83% | 2.11% | 2.60% |
Frequently Asked Questions
PR1Z.DE and AMES.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1Z.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1Z.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for AMES.DE.
PR1Z.DE tracks Solactive GBS Developed Markets Eurozone Large & Mid Cap, while AMES.DE tracks MSCI Spain. Their fees differ too: 0.05% for PR1Z.DE and 0.25% for AMES.DE.
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