PRAM.L vs. MWRD.L

Last updated Jun 5, 2026

PRAM.L (Amundi Prime Emerging Markets UCITS ETF DR (C)) and MWRD.L (Amundi Index MSCI World) are both exchange-traded funds - PRAM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while MWRD.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. At a 0.17 correlation, their price movements are largely independent. PRAM.L charges 0.10%/yr vs 0.08%/yr for MWRD.L.

Performance

PRAM.L vs. MWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.L) and Amundi Index MSCI World (MWRD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PRAM.L is traded in USD, while MWRD.L is traded in GBp. To make them comparable, the MWRD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

PRAM.L

• 1D: -1.56%
• 1M: 4.75%
• YTD: 24.27%
• 6M: 27.23%
• 1Y: 49.84%
• 3Y*: 23.23%
• 5Y*: —
• 10Y*: —

MWRD.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRAM.L vs. MWRD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PRAM.L Amundi Prime Emerging Markets UCITS ETF DR (C)	24.27%	32.60%	7.14%	9.82%	-16.79%	0.00%
MWRD.L Amundi Index MSCI World	0.00%	0.00%	-1.64%	23.69%	-18.69%	3.29%

Correlation

The correlation between PRAM.L and MWRD.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021	0.17

PRAM.L vs. MWRD.L - Sectors Allocation Comparison

Sectors	PRAM.L	MWRD.L
Technology	40.7%	24.7%
Financial Services	17.6%	14.7%
Consumer Cyclical	9.1%	10.5%
Industrials	8.3%	10.6%
Communication Services	6.1%	7.5%
Basic Materials	5.8%	3.8%
Energy	3.6%	4.4%
Healthcare	2.8%	12.4%
Consumer Defensive	2.8%	6.7%
Utilities	2.1%	2.4%
Real Estate	1.1%	2.4%

Return for Risk

PRAM.L vs. MWRD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRAM.L

PRAM.L Risk / Return Rank: 78
PRAM.L Sharpe Ratio Rank: 81
PRAM.L Sortino Ratio Rank: 77
PRAM.L Omega Ratio Rank: 79
PRAM.L Calmar Ratio Rank: 79
PRAM.L Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRAM.L vs. MWRD.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 Amundi Index MSCI World (MWRD.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.

	PRAM.L	MWRD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.57	—	—
Sortino ratio: Return per unit of downside risk	3.41	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	3.96	—	—
Martin ratio: Return relative to average drawdown	14.36	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PRAM.L	MWRD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	—	—

Drawdowns

Drawdown Indicators

	PRAM.L	MWRD.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.74%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.73%	—	—
Current Drawdown Current decline from peak	-3.13%	—	—
Average Drawdown Average peak-to-trough decline	-8.60%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	—	—

Volatility

Volatility by Period

	PRAM.L	MWRD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.30%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.39%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.39%	—	—

PRAM.L vs. MWRD.L - Expense Ratio Comparison

PRAM.L has a 0.10% expense ratio, which is higher than MWRD.L's 0.08% expense ratio. However, 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.L vs. MWRD.L - Dividend Comparison

Neither PRAM.L nor MWRD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PRAM.L and MWRD.L in my portfolio?

PRAM.L and MWRD.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.

Which ETF is better, PRAM.L or MWRD.L?

On fees, MWRD.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRAM.L or MWRD.L?

MWRD.L is cheaper with a 0.08% expense ratio, compared with 0.10% for PRAM.L.

What is the main difference between PRAM.L and MWRD.L?

PRAM.L is categorized as Emerging Markets Equities, while MWRD.L is Global Equities. PRAM.L tracks MSCI EM NR USD, while MWRD.L tracks MSCI ACWI NR USD. Their fees differ too: 0.10% for PRAM.L and 0.08% for MWRD.L.