PRAE.DE vs. H4ZZ.DE
PRAE.DE (Amundi Prime Europe UCITS ETF) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 3 years, PRAE.DE returned 13.87%/yr vs 15.64%/yr for H4ZZ.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.
Performance
PRAE.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAE.DE achieves a 7.71% return, which is significantly higher than H4ZZ.DE's 7.20% 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*
- —
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 4.70%
- YTD
- 7.20%
- 6M
- 8.61%
- 1Y
- 15.73%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
PRAE.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PRAE.DE Amundi Prime Europe UCITS ETF | 7.71% | 20.47% | 8.49% | 15.73% | 3.01% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 7.20% | 22.35% | 10.99% | 22.53% | 9.82% |
Correlation
The correlation between PRAE.DE and H4ZZ.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 (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.93 |
The correlation between PRAE.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
PRAE.DE vs. H4ZZ.DE — Risk / Return Rank
PRAE.DE
H4ZZ.DE
PRAE.DE vs. H4ZZ.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 (Acc) (H4ZZ.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 | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.43 | +0.32 |
| Martin ratioReturn relative to average drawdown | 6.64 | 4.86 | +1.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRAE.DE | H4ZZ.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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.18 | -0.64 |
Drawdowns
PRAE.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum PRAE.DE drawdown since its inception was -32.86%, which is greater than H4ZZ.DE's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for PRAE.DE and H4ZZ.DE.
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Drawdown Indicators
| PRAE.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.86% | -16.46% | -16.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -10.94% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -16.46% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -19.60% | — | — |
Current DrawdownCurrent decline from peak | -1.63% | -0.53% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -2.68% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 3.23% | -0.71% |
Volatility
PRAE.DE vs. H4ZZ.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 (Acc) (H4ZZ.DE) has a volatility of 4.93%. This indicates that PRAE.DE experiences smaller price fluctuations and is considered to be less risky than H4ZZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAE.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 4.93% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 12.97% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 15.97% | -3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 15.85% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 15.85% | +1.37% |
PRAE.DE vs. H4ZZ.DE - Expense Ratio Comparison
Both PRAE.DE and H4ZZ.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. H4ZZ.DE - Dividend Comparison
Neither PRAE.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, PRAE.DE and H4ZZ.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.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PRAE.DE and H4ZZ.DE have the same expense ratio: 0.05% per year.
PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: Amundi and HSBC.
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