PRAM.DE vs. H410.DE
PRAM.DE (Amundi Prime Emerging Markets UCITS ETF DR (C)) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both Emerging Markets Equities funds - PRAM.DE tracks the MSCI EM NR USD while H410.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, PRAM.DE returned 20.71%/yr vs 20.80%/yr for H410.DE. With a 0.95 correlation, they move nearly in lockstep. PRAM.DE charges 0.10%/yr vs 0.15%/yr for H410.DE.
Performance
PRAM.DE vs. H410.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PRAM.DE having a 27.40% return and H410.DE slightly lower at 27.39%.
PRAM.DE
- 1D
- 0.00%
- 1M
- 1.21%
- YTD
- 27.40%
- 6M
- 29.16%
- 1Y
- 45.89%
- 3Y*
- 20.71%
- 5Y*
- —
- 10Y*
- —
H410.DE
- 1D
- -1.24%
- 1M
- 0.53%
- YTD
- 27.39%
- 6M
- 29.46%
- 1Y
- 46.98%
- 3Y*
- 20.80%
- 5Y*
- 7.83%
- 10Y*
- 9.78%
PRAM.DE vs. H410.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PRAM.DE Amundi Prime Emerging Markets UCITS ETF DR (C) | 27.40% | 17.03% | 13.52% | 7.05% | -12.45% | -15.96% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 27.39% | 18.65% | 13.95% | 4.67% | -13.87% | -2.26% |
Correlation
The correlation between PRAM.DE and H410.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2021 | 0.95 |
The correlation between PRAM.DE and H410.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
PRAM.DE vs. H410.DE — Risk / Return Rank
PRAM.DE
H410.DE
PRAM.DE vs. H410.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (H410.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.
| PRAM.DE | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 4.44 | -1.72 |
| Martin ratioReturn relative to average drawdown | 6.33 | 15.04 | -8.71 |
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Drawdowns
PRAM.DE vs. H410.DE - Drawdown Comparison
The maximum PRAM.DE drawdown since its inception was -29.89%, smaller than the maximum H410.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for PRAM.DE and H410.DE.
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Drawdown Indicators
| PRAM.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.89% | -41.02% | +11.13% |
Max Drawdown (1Y)Largest decline over 1 year | -16.81% | -10.47% | -6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | -19.01% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.62% | — |
Current DrawdownCurrent decline from peak | -4.19% | -5.04% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -15.89% | -13.33% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.22% | 3.10% | +4.12% |
Volatility
PRAM.DE vs. H410.DE - Volatility Comparison
Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) have volatilities of 8.74% and 8.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAM.DE | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 8.77% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.71% | 16.81% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 19.15% | +8.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.64% | 17.00% | +3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.64% | 18.27% | +2.37% |
PRAM.DE vs. H410.DE - Expense Ratio Comparison
PRAM.DE has a 0.10% expense ratio, which is lower than H410.DE's 0.15% 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%.
Dividends
PRAM.DE vs. H410.DE - Dividend Comparison
PRAM.DE has not paid dividends to shareholders, while H410.DE's dividend yield for the trailing twelve months is around 1.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 1.60% | 2.00% | 2.40% | 2.59% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
PRAM.DE Amundi Prime Emerging Markets UCITS ETF DR (C) | 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
With a correlation of 0.94, PRAM.DE and H410.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.
On fees, PRAM.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAM.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for H410.DE.
PRAM.DE tracks MSCI EM NR USD, while H410.DE tracks MSCI Emerging Markets. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.10% for PRAM.DE and 0.15% for H410.DE.
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