PRAE.DE vs. PRAZ.DE
Compare and contrast key facts about Amundi Prime Europe UCITS ETF (PRAE.DE) and Amundi Prime Eurozone UCITS ETF (PRAZ.DE).
PRAE.DE and PRAZ.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PRAE.DE is a passively managed fund by Amundi that tracks the performance of the Solactive GBS Developed Markets Europe Large & Mid Cap. It was launched on Jan 15, 2020. PRAZ.DE is a passively managed fund by Amundi that tracks the performance of the Solactive GBS Developed Markets Eurozone Large & Mid Cap. It was launched on Jan 15, 2020. Both PRAE.DE and PRAZ.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: PRAE.DE or PRAZ.DE.
Key characteristics
| PRAE.DE | PRAZ.DE | |
|---|---|---|
| YTD Return | 10.20% | 8.85% |
| 1Y Return | 14.69% | 14.39% |
| 3Y Return (Ann) | 7.05% | 6.07% |
| Sharpe Ratio | 1.43 | 1.18 |
| Daily Std Dev | 10.47% | 12.40% |
| Max Drawdown | -37.00% | -39.93% |
| Current Drawdown | -2.07% | -4.09% |
Correlation
The correlation between PRAE.DE and PRAZ.DE is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PRAE.DE vs. PRAZ.DE - Performance Comparison
In the year-to-date period, PRAE.DE achieves a 10.20% return, which is significantly higher than PRAZ.DE's 8.85% 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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PRAE.DE vs. PRAZ.DE - Expense Ratio Comparison
Both PRAE.DE and PRAZ.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%.
Risk-Adjusted Performance
PRAE.DE vs. PRAZ.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Europe UCITS ETF (PRAE.DE) and Amundi Prime Eurozone UCITS ETF (PRAZ.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
PRAE.DE vs. PRAZ.DE - Dividend Comparison
Neither PRAE.DE nor PRAZ.DE has paid dividends to shareholders.
Drawdowns
PRAE.DE vs. PRAZ.DE - Drawdown Comparison
The maximum PRAE.DE drawdown since its inception was -37.00%, smaller than the maximum PRAZ.DE drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for PRAE.DE and PRAZ.DE. For additional features, visit the drawdowns tool.
Volatility
PRAE.DE vs. PRAZ.DE - Volatility Comparison
The current volatility for Amundi Prime Europe UCITS ETF (PRAE.DE) is 3.32%, while Amundi Prime Eurozone UCITS ETF (PRAZ.DE) has a volatility of 4.07%. This indicates that PRAE.DE experiences smaller price fluctuations and is considered to be less risky than PRAZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.