PRAE.DE vs. H4ZA.DE

Last updated Jun 5, 2026

PRAE.DE (Amundi Prime Europe UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, PRAE.DE returned 10.04%/yr vs 12.12%/yr for H4ZA.DE. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.

Performance

PRAE.DE vs. H4ZA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Prime Europe UCITS ETF (PRAE.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRAE.DE achieves a 7.71% return, which is significantly higher than H4ZA.DE's 7.24% return.

PRAE.DE

• 1D: 0.23%
• 1M: 0.88%
• YTD: 7.71%
• 6M: 9.87%
• 1Y: 16.29%
• 3Y*: 13.87%
• 5Y*: 10.04%
• 10Y*: —

H4ZA.DE

• 1D: 0.77%
• 1M: 1.94%
• YTD: 7.24%
• 6M: 8.59%
• 1Y: 15.63%
• 3Y*: 16.60%
• 5Y*: 12.12%
• 10Y*: 10.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRAE.DE vs. H4ZA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PRAE.DE Amundi Prime Europe UCITS ETF	7.71%	20.47%	8.49%	15.73%	-9.25%	25.29%	-4.31%
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR	7.24%	22.26%	13.81%	22.59%	-8.87%	23.72%	-3.02%

Correlation

The correlation between PRAE.DE and H4ZA.DE is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.85

The correlation between PRAE.DE and H4ZA.DE has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

Return for Risk

PRAE.DE vs. H4ZA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRAE.DE

PRAE.DE Risk / Return Rank: 38
PRAE.DE Sharpe Ratio Rank: 37
PRAE.DE Sortino Ratio Rank: 37
PRAE.DE Omega Ratio Rank: 38
PRAE.DE Calmar Ratio Rank: 36
PRAE.DE Martin Ratio Rank: 42

H4ZA.DE

H4ZA.DE Risk / Return Rank: 29
H4ZA.DE Sharpe Ratio Rank: 28
H4ZA.DE Sortino Ratio Rank: 29
H4ZA.DE Omega Ratio Rank: 28
H4ZA.DE Calmar Ratio Rank: 30
H4ZA.DE Martin Ratio Rank: 33

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.

PRAE.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Europe UCITS ETF (PRAE.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.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.

	PRAE.DE	H4ZA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.29	0.98	+0.31
Sortino ratio: Return per unit of downside risk	1.90	1.54	+0.36
Omega ratio: Gain probability vs. loss probability	1.24	1.18	+0.06
Calmar ratio: Return relative to maximum drawdown	1.75	1.43	+0.32
Martin ratio: Return relative to average drawdown	6.64	4.85	+1.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRAE.DE vs. H4ZA.DE - Sharpe Ratio Comparison

The current PRAE.DE Sharpe Ratio is 1.29, which is higher than the H4ZA.DE Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of PRAE.DE and H4ZA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRAE.DE	H4ZA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	0.98	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.69	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.41	+0.13

Drawdowns

PRAE.DE vs. H4ZA.DE - Drawdown Comparison

The maximum PRAE.DE drawdown since its inception was -32.86%, smaller than the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for PRAE.DE and H4ZA.DE.

Drawdown Indicators

	PRAE.DE	H4ZA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.86%	-38.41%	+5.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-10.97%	+1.43%
Max Drawdown (3Y) Largest decline over 3 years	-16.94%	-16.40%	-0.54%
Max Drawdown (5Y) Largest decline over 5 years	-19.60%	-23.26%	+3.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.41%	—
Current Drawdown Current decline from peak	-1.63%	-0.50%	-1.13%
Average Drawdown Average peak-to-trough decline	-5.27%	-7.84%	+2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	3.24%	-0.72%

Volatility

PRAE.DE vs. H4ZA.DE - Volatility Comparison

The current volatility for Amundi Prime Europe UCITS ETF (PRAE.DE) is 4.39%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that PRAE.DE experiences smaller price fluctuations and is considered to be less risky than H4ZA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRAE.DE	H4ZA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	4.95%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	10.66%	12.99%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.97%	15.99%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	17.50%	-3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	18.17%	-0.95%

PRAE.DE vs. H4ZA.DE - Expense Ratio Comparison

Both PRAE.DE and H4ZA.DE have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

PRAE.DE vs. H4ZA.DE - Dividend Comparison

PRAE.DE has not paid dividends to shareholders, while H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR	2.44%	2.49%	5.35%	2.93%	2.94%	1.94%	2.06%	2.84%	3.55%	2.73%	2.85%	2.70%
PRAE.DE Amundi Prime Europe UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRAE.DE and H4ZA.DE in my portfolio?

With a correlation of 0.93, PRAE.DE and H4ZA.DE 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.

Which ETF is better, PRAE.DE or H4ZA.DE?

Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRAE.DE or H4ZA.DE?

PRAE.DE and H4ZA.DE have the same expense ratio: 0.05% per year.

What is the main difference between PRAE.DE and H4ZA.DE?

PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Amundi and HSBC.