PRAZ.DE vs. XESP.DE
PRAZ.DE (Amundi Prime Eurozone UCITS ETF) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - PRAZ.DE tracks the Solactive GBS Developed Markets Eurozone Large & Mid Cap while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, PRAZ.DE returned 11.10%/yr vs 20.27%/yr for XESP.DE. A 0.78 correlation means they provide meaningful diversification when combined. PRAZ.DE charges 0.05%/yr vs 0.30%/yr for XESP.DE.
Performance
PRAZ.DE vs. XESP.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRAZ.DE achieves a 11.43% return, which is significantly lower than XESP.DE's 14.35% return.
PRAZ.DE
- 1D
- -0.95%
- 1M
- 2.51%
- YTD
- 11.43%
- 6M
- 12.27%
- 1Y
- 23.86%
- 3Y*
- 17.18%
- 5Y*
- 11.10%
- 10Y*
- —
XESP.DE
- 1D
- -0.45%
- 1M
- 6.12%
- YTD
- 14.35%
- 6M
- 15.38%
- 1Y
- 47.18%
- 3Y*
- 31.64%
- 5Y*
- 20.27%
- 10Y*
- 13.68%
PRAZ.DE vs. XESP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRAZ.DE Amundi Prime Eurozone UCITS ETF | 11.43% | 24.75% | 9.68% | 19.26% | -11.81% | 26.37% | -4.68% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.35% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.01% |
Correlation
The correlation between PRAZ.DE and XESP.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.78 |
The correlation between PRAZ.DE and XESP.DE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRAZ.DE vs. XESP.DE — Risk / Return Rank
PRAZ.DE
XESP.DE
PRAZ.DE vs. XESP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Eurozone UCITS ETF (PRAZ.DE) and Xtrackers Spanish Equity UCITS ETF (XESP.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.
| PRAZ.DE | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.49 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 4.62 | -2.34 |
| Martin ratioReturn relative to average drawdown | 8.54 | 16.41 | -7.87 |
Loading charts...
Drawdowns
PRAZ.DE vs. XESP.DE - Drawdown Comparison
The maximum PRAZ.DE drawdown since its inception was -39.91%, roughly equal to the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for PRAZ.DE and XESP.DE.
Loading charts...
Drawdown Indicators
| PRAZ.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.91% | -40.70% | +0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -10.17% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.47% | -12.92% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -24.11% | -18.56% | -5.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.03% | — |
Current DrawdownCurrent decline from peak | -1.64% | -0.54% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -10.06% | +3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.87% | -0.08% |
Volatility
PRAZ.DE vs. XESP.DE - Volatility Comparison
The current volatility for Amundi Prime Eurozone UCITS ETF (PRAZ.DE) is 3.71%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.24%. This indicates that PRAZ.DE experiences smaller price fluctuations and is considered to be less risky than XESP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PRAZ.DE | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 4.24% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 14.45% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 16.90% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 16.73% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.06% | 18.43% | +1.63% |
PRAZ.DE vs. XESP.DE - Expense Ratio Comparison
PRAZ.DE has a 0.05% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
PRAZ.DE vs. XESP.DE - Dividend Comparison
Neither PRAZ.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
PRAZ.DE and XESP.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAZ.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for XESP.DE.
PRAZ.DE tracks Solactive GBS Developed Markets Eurozone Large & Mid Cap, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.05% for PRAZ.DE and 0.30% for XESP.DE.
Find the right allocation for PRAZ.DE and XESP.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer