PRAM.L vs. MKUW.L
PRAM.L (Amundi Prime Emerging Markets UCITS ETF DR (C)) and MKUW.L (Invesco MSCI Kuwait UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - PRAM.L tracks the MSCI EM NR USD while MKUW.L tracks the MSCI Kuwait 20/35 Index. Both are passively managed. Over the past 3 years, PRAM.L returned 19.01%/yr vs 7.89%/yr for MKUW.L. At a 0.24 correlation, their price movements are largely independent. PRAM.L charges 0.10%/yr vs 0.50%/yr for MKUW.L.
Performance
PRAM.L vs. MKUW.L - Performance Comparison
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Returns By Period
In the year-to-date period, PRAM.L achieves a 14.40% return, which is significantly higher than MKUW.L's 0.15% return.
PRAM.L
- 1D
- -2.05%
- 1M
- -9.53%
- 6M
- 8.92%
- YTD
- 14.40%
- 1Y
- 28.83%
- 3Y*
- 19.01%
- 5Y*
- —
- 10Y*
- —
MKUW.L
- 1D
- -0.06%
- 1M
- -2.04%
- 6M
- 1.18%
- YTD
- 0.15%
- 1Y
- 3.43%
- 3Y*
- 7.89%
- 5Y*
- 7.19%
- 10Y*
- —
PRAM.L vs. MKUW.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% |
MKUW.L Invesco MSCI Kuwait UCITS ETF USD (Acc) | 0.15% | 25.35% | 9.15% | -8.87% | 5.99% | -0.77% |
Correlation
The correlation between PRAM.L and MKUW.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2021 | 0.24 |
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Return for Risk
PRAM.L vs. MKUW.L — Risk / Return Rank
PRAM.L
MKUW.L
PRAM.L vs. MKUW.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 Invesco MSCI Kuwait UCITS ETF USD (Acc) (MKUW.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 | MKUW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.07 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 0.46 | +1.84 |
| Martin ratioReturn relative to average drawdown | 7.02 | 1.05 | +5.96 |
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Drawdowns
PRAM.L vs. MKUW.L - Drawdown Comparison
The maximum PRAM.L drawdown since its inception was -31.21%, smaller than the maximum MKUW.L drawdown of -37.76%. Use the drawdown chart below to compare losses from any high point for PRAM.L and MKUW.L.
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Drawdown Indicators
| PRAM.L | MKUW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -37.76% | +6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.51% | -7.47% | -5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -14.16% | -2.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.13% | — |
Current DrawdownCurrent decline from peak | -11.32% | -3.60% | -7.72% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -9.42% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 3.26% | +0.84% |
Volatility
PRAM.L vs. MKUW.L - Volatility Comparison
Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.L) has a higher volatility of 8.81% compared to Invesco MSCI Kuwait UCITS ETF USD (Acc) (MKUW.L) at 1.71%. This indicates that PRAM.L's price experiences larger fluctuations and is considered to be riskier than MKUW.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 | MKUW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.81% | 1.71% | +7.10% |
Volatility (6M)Calculated over the trailing 6-month period | 19.52% | 8.01% | +11.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 10.26% | +11.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 12.76% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 16.49% | +2.16% |
PRAM.L vs. MKUW.L - Expense Ratio Comparison
PRAM.L has a 0.10% expense ratio, which is lower than MKUW.L's 0.50% expense ratio.
Dividends
PRAM.L vs. MKUW.L - Dividend Comparison
Neither PRAM.L nor MKUW.L has paid dividends to shareholders.
Frequently Asked Questions
PRAM.L and MKUW.L have a correlation of 0.17, 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 0.50% for MKUW.L.
PRAM.L tracks MSCI EM NR USD, while MKUW.L tracks MSCI Kuwait 20/35 Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.10% for PRAM.L and 0.50% for MKUW.L.
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