PRIE.L vs. LDEU.L

Last updated Jul 17, 2026

PRIE.L (Amundi Prime Europe UCITS ETF DR (D)) and LDEU.L (L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist)) are both Europe Equities funds - PRIE.L tracks the MSCI Europe NR EUR while LDEU.L tracks the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index. Both are passively managed. Over the past 5 years, PRIE.L returned 10.35%/yr vs 16.88%/yr for LDEU.L. Their correlation of 0.87 suggests significant overlap in exposure. PRIE.L charges 0.05%/yr vs 0.25%/yr for LDEU.L.

Performance

PRIE.L vs. LDEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Prime Europe UCITS ETF DR (D) (PRIE.L) and L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) (LDEU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PRIE.L is traded in GBp, while LDEU.L is traded in EUR. To make them comparable, the LDEU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, PRIE.L achieves a 8.16% return, which is significantly lower than LDEU.L's 12.28% return.

PRIE.L

• 1D: 0.07%
• 1M: -0.59%
• 6M: 4.54%
• YTD: 8.16%
• 1Y: 19.83%
• 3Y*: 14.67%
• 5Y*: 10.35%
• 10Y*: —

LDEU.L

• 1D: 0.40%
• 1M: -0.69%
• 6M: 9.27%
• YTD: 12.28%
• 1Y: 27.33%
• 3Y*: 24.88%
• 5Y*: 16.88%
• 10Y*: —

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

PRIE.L vs. LDEU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PRIE.L Amundi Prime Europe UCITS ETF DR (D)	8.16%	26.12%	3.78%	13.38%	-3.62%	9.90%
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist)	12.28%	44.92%	9.43%	14.43%	1.84%	5.93%

Correlation

The correlation between PRIE.L and LDEU.L is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021	0.87

The correlation between PRIE.L and LDEU.L has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

PRIE.L vs. LDEU.L — Risk / Return Rank

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

PRIE.L

PRIE.L Risk / Return Rank: 55
PRIE.L Sharpe Ratio Rank: 60
PRIE.L Sortino Ratio Rank: 58
PRIE.L Omega Ratio Rank: 62
PRIE.L Calmar Ratio Rank: 45
PRIE.L Martin Ratio Rank: 51

LDEU.L

LDEU.L Risk / Return Rank: 90
LDEU.L Sharpe Ratio Rank: 92
LDEU.L Sortino Ratio Rank: 91
LDEU.L Omega Ratio Rank: 90
LDEU.L Calmar Ratio Rank: 90
LDEU.L Martin Ratio Rank: 89

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.

PRIE.L vs. LDEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Europe UCITS ETF DR (D) (PRIE.L) and L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) (LDEU.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.

	PRIE.L	LDEU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.31	-0.71
Sortino ratio: Return per unit of downside risk	2.23	3.11	-0.88
Omega ratio: Gain probability vs. loss probability	1.30	1.41	-0.11
Calmar ratio: Return relative to maximum drawdown	1.87	3.44	-1.57
Martin ratio: Return relative to average drawdown	6.72	12.17	-5.44

PRIE.L vs. LDEU.L - Sharpe Ratio Comparison

The current PRIE.L Sharpe Ratio is 1.60, which is lower than the LDEU.L Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of PRIE.L and LDEU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRIE.L vs. LDEU.L - Drawdown Comparison

The maximum PRIE.L drawdown since its inception was -29.33%, which is greater than LDEU.L's maximum drawdown of -17.44%. Use the drawdown chart below to compare losses from any high point for PRIE.L and LDEU.L.

Drawdown Indicators

	PRIE.L	LDEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.33%	-17.44%	-11.89%
Max Drawdown (1Y) Largest decline over 1 year	-10.55%	-7.91%	-2.64%
Max Drawdown (3Y) Largest decline over 3 years	-13.25%	-13.34%	+0.09%
Max Drawdown (5Y) Largest decline over 5 years	-15.93%	-17.44%	+1.51%
Current Drawdown Current decline from peak	-2.58%	-1.32%	-1.26%
Average Drawdown Average peak-to-trough decline	-4.62%	-2.98%	-1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	2.24%	+0.70%

Volatility

PRIE.L vs. LDEU.L - Volatility Comparison

Amundi Prime Europe UCITS ETF DR (D) (PRIE.L) has a higher volatility of 3.36% compared to L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) (LDEU.L) at 3.06%. This indicates that PRIE.L's price experiences larger fluctuations and is considered to be riskier than LDEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRIE.L	LDEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	3.06%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	10.65%	9.63%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	11.79%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	14.58%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	14.43%	+2.03%

PRIE.L vs. LDEU.L - Expense Ratio Comparison

PRIE.L has a 0.05% expense ratio, which is lower than LDEU.L's 0.25% 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

PRIE.L vs. LDEU.L - Dividend Comparison

PRIE.L's dividend yield for the trailing twelve months is around 2.38%, less than LDEU.L's 3.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist)	3.50%	3.47%	4.36%	4.44%	4.17%	2.93%	0.00%	0.00%
PRIE.L Amundi Prime Europe UCITS ETF DR (D)	2.38%	2.57%	2.84%	2.88%	3.10%	2.27%	2.16%	2.76%

Frequently Asked Questions

Can I hold both PRIE.L and LDEU.L in my portfolio?

PRIE.L and LDEU.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRIE.L or LDEU.L?

On fees, PRIE.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRIE.L or LDEU.L?

PRIE.L is cheaper with a 0.05% expense ratio, compared with 0.25% for LDEU.L.

What is the main difference between PRIE.L and LDEU.L?

PRIE.L tracks MSCI Europe NR EUR, while LDEU.L tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index. They also come from different issuers: Amundi and L&G. Their fees differ too: 0.05% for PRIE.L and 0.25% for LDEU.L.