PRAE.DE vs. XESP.DE
PRAE.DE (Amundi Prime Europe UCITS ETF) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, PRAE.DE returned 10.21%/yr vs 20.27%/yr for XESP.DE. A 0.79 correlation means they provide meaningful diversification when combined. PRAE.DE charges 0.05%/yr vs 0.30%/yr for XESP.DE.
Performance
PRAE.DE vs. XESP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAE.DE achieves a 10.04% return, which is significantly lower than XESP.DE's 14.35% return.
PRAE.DE
- 1D
- -0.66%
- 1M
- 1.86%
- YTD
- 10.04%
- 6M
- 10.74%
- 1Y
- 22.52%
- 3Y*
- 15.18%
- 5Y*
- 10.21%
- 10Y*
- —
XESP.DE
- 1D
- -0.45%
- 1M
- 6.12%
- YTD
- 14.35%
- 6M
- 15.38%
- 1Y
- 47.18%
- 3Y*
- 31.64%
- 5Y*
- 20.27%
- 10Y*
- 13.68%
PRAE.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRAE.DE Amundi Prime Europe UCITS ETF | 10.04% | 20.48% | 8.47% | 15.73% | -9.23% | 25.26% | -4.30% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.35% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.01% |
Correlation
The correlation between PRAE.DE and XESP.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
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 22, 2020 | 0.79 |
The correlation between PRAE.DE and XESP.DE has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
PRAE.DE vs. XESP.DE — Risk / Return Rank
PRAE.DE
XESP.DE
PRAE.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Europe UCITS ETF (PRAE.DE) and Xtrackers Spanish Equity UCITS ETF (XESP.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.
| PRAE.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.49 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 4.62 | -2.26 |
| Martin ratioReturn relative to average drawdown | 9.22 | 16.41 | -7.19 |
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Drawdowns
PRAE.DE vs. XESP.DE - Drawdown Comparison
The maximum PRAE.DE drawdown since its inception was -37.01%, smaller than the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for PRAE.DE and XESP.DE.
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Drawdown Indicators
| PRAE.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.01% | -40.70% | +3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -10.17% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -16.93% | -12.92% | -4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.59% | -18.56% | -1.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.03% | — |
Current DrawdownCurrent decline from peak | -0.66% | -0.54% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -10.06% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.87% | -0.43% |
Volatility
PRAE.DE vs. XESP.DE - Volatility Comparison
The current volatility for Amundi Prime Europe UCITS ETF (PRAE.DE) is 3.04%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.24%. This indicates that PRAE.DE experiences smaller price fluctuations and is considered to be less risky than XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 4.24% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 14.45% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 16.90% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 16.73% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 18.43% | -0.62% |
PRAE.DE vs. XESP.DE - Expense Ratio Comparison
PRAE.DE has a 0.05% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
PRAE.DE vs. XESP.DE - Dividend Comparison
Neither PRAE.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
PRAE.DE and XESP.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAE.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for XESP.DE.
PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.05% for PRAE.DE and 0.30% for XESP.DE.
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