PRAG.DE vs. MJMT.DE
Compare and contrast key facts about Amundi Prime Global Govies UCITS ETF (PRAG.DE) and Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE).
PRAG.DE and MJMT.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PRAG.DE is a passively managed fund by Amundi that tracks the performance of the Solactive Global Developed Government Bond. It was launched on Jan 15, 2020. MJMT.DE is a passively managed fund by Amundi that tracks the performance of the MSCI Europe Momentum. It was launched on Mar 22, 2018. Both PRAG.DE and MJMT.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: PRAG.DE or MJMT.DE.
Key characteristics
| PRAG.DE | MJMT.DE | |
|---|---|---|
| YTD Return | 1.76% | 18.61% |
| 1Y Return | 5.97% | 25.45% |
| 3Y Return (Ann) | -3.56% | 3.83% |
| Sharpe Ratio | 1.06 | 1.91 |
| Sortino Ratio | 1.72 | 2.53 |
| Omega Ratio | 1.19 | 1.34 |
| Calmar Ratio | 0.25 | 2.49 |
| Martin Ratio | 3.52 | 11.20 |
| Ulcer Index | 1.63% | 2.16% |
| Daily Std Dev | 5.42% | 12.62% |
| Max Drawdown | -23.63% | -31.35% |
| Current Drawdown | -18.47% | -2.17% |
Correlation
The correlation between PRAG.DE and MJMT.DE is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PRAG.DE vs. MJMT.DE - Performance Comparison
In the year-to-date period, PRAG.DE achieves a 1.76% return, which is significantly lower than MJMT.DE's 18.61% 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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PRAG.DE vs. MJMT.DE - Expense Ratio Comparison
PRAG.DE has a 0.05% expense ratio, which is lower than MJMT.DE's 0.23% 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%.
Risk-Adjusted Performance
PRAG.DE vs. MJMT.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Global Govies UCITS ETF (PRAG.DE) and Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.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
PRAG.DE vs. MJMT.DE - Dividend Comparison
Neither PRAG.DE nor MJMT.DE has paid dividends to shareholders.
Drawdowns
PRAG.DE vs. MJMT.DE - Drawdown Comparison
The maximum PRAG.DE drawdown since its inception was -23.63%, smaller than the maximum MJMT.DE drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for PRAG.DE and MJMT.DE. For additional features, visit the drawdowns tool.
Volatility
PRAG.DE vs. MJMT.DE - Volatility Comparison
The current volatility for Amundi Prime Global Govies UCITS ETF (PRAG.DE) is 2.29%, while Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) has a volatility of 5.06%. This indicates that PRAG.DE experiences smaller price fluctuations and is considered to be less risky than MJMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.