PRAM.L vs. IPOL.L
PRAM.L (Amundi Prime Emerging Markets UCITS ETF DR (C)) and IPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - PRAM.L tracks the MSCI EM NR USD while IPOL.L tracks the MSCI Emerging - Poland in Net USD. Both are passively managed. Over the past 3 years, PRAM.L returned 19.01%/yr vs 28.08%/yr for IPOL.L. A 0.57 correlation means they provide meaningful diversification when combined. PRAM.L charges 0.10%/yr vs 0.74%/yr for IPOL.L.
Performance
PRAM.L vs. IPOL.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PRAM.L having a 14.40% return and IPOL.L slightly higher at 14.81%.
PRAM.L
- 1D
- -2.05%
- 1M
- -9.53%
- 6M
- 8.92%
- YTD
- 14.40%
- 1Y
- 28.83%
- 3Y*
- 19.01%
- 5Y*
- —
- 10Y*
- —
IPOL.L
- 1D
- -1.18%
- 1M
- -2.95%
- 6M
- 12.69%
- YTD
- 14.81%
- 1Y
- 30.84%
- 3Y*
- 28.08%
- 5Y*
- 14.78%
- 10Y*
- 9.64%
PRAM.L vs. IPOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PRAM.L Amundi Prime Emerging Markets UCITS ETF DR (C) | 14.40% | 32.60% | 7.09% | 9.87% | -17.96% | -0.87% |
IPOL.L iShares MSCI Poland UCITS ETF USD (Acc) | 14.81% | 72.75% | -6.10% | 49.20% | -26.61% | -5.84% |
Correlation
The correlation between PRAM.L and IPOL.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2021 | 0.57 |
The correlation between PRAM.L and IPOL.L has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
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Return for Risk
PRAM.L vs. IPOL.L — Risk / Return Rank
PRAM.L
IPOL.L
PRAM.L vs. IPOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.L) and iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L). 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.L | IPOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.93 | -0.64 |
| Martin ratioReturn relative to average drawdown | 7.02 | 6.74 | +0.28 |
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Drawdowns
PRAM.L vs. IPOL.L - Drawdown Comparison
The maximum PRAM.L drawdown since its inception was -31.21%, smaller than the maximum IPOL.L drawdown of -68.05%. Use the drawdown chart below to compare losses from any high point for PRAM.L and IPOL.L.
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Drawdown Indicators
| PRAM.L | IPOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -68.05% | +36.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.51% | -10.48% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -22.43% | +5.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.79% | — |
Current DrawdownCurrent decline from peak | -11.32% | -2.95% | -8.37% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -29.57% | +18.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 4.57% | -0.47% |
Volatility
PRAM.L vs. IPOL.L - Volatility Comparison
Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.L) has a higher volatility of 8.81% compared to iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L) at 5.32%. This indicates that PRAM.L's price experiences larger fluctuations and is considered to be riskier than IPOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAM.L | IPOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.81% | 5.32% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 19.52% | 19.48% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 24.82% | -3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 30.15% | -11.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 27.40% | -8.75% |
PRAM.L vs. IPOL.L - Expense Ratio Comparison
PRAM.L has a 0.10% expense ratio, which is lower than IPOL.L's 0.74% expense ratio.
Dividends
PRAM.L vs. IPOL.L - Dividend Comparison
Neither PRAM.L nor IPOL.L has paid dividends to shareholders.
Frequently Asked Questions
PRAM.L and IPOL.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAM.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAM.L is cheaper with a 0.10% expense ratio, compared with 0.74% for IPOL.L.
PRAM.L tracks MSCI EM NR USD, while IPOL.L tracks MSCI Emerging - Poland in Net USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for PRAM.L and 0.74% for IPOL.L.
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