PRIZ.L vs. IEFS.L

Last updated Jun 5, 2026

PRIZ.L (Amundi Prime Eurozone UCITS ETF DR (D)) and IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - PRIZ.L tracks the MSCI EMU NR EUR while IEFS.L tracks the MSCI Europe SMID NR EUR. Both are passively managed. Over the past 5 years, PRIZ.L returned 8.24%/yr vs 5.94%/yr for IEFS.L. A 0.54 correlation means they provide meaningful diversification when combined. PRIZ.L charges 0.05%/yr vs 0.25%/yr for IEFS.L.

Performance

PRIZ.L vs. IEFS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Prime Eurozone UCITS ETF DR (D) (PRIZ.L) and iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRIZ.L achieves a 8.21% return, which is significantly higher than IEFS.L's 6.36% return.

PRIZ.L

• 1D: 0.35%
• 1M: 4.96%
• YTD: 8.21%
• 6M: 7.53%
• 1Y: 19.00%
• 3Y*: 13.22%
• 5Y*: 8.24%
• 10Y*: —

IEFS.L

• 1D: 0.54%
• 1M: 1.90%
• YTD: 6.36%
• 6M: 8.61%
• 1Y: 16.26%
• 3Y*: 12.70%
• 5Y*: 5.94%
• 10Y*: 8.31%

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

PRIZ.L vs. IEFS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PRIZ.L Amundi Prime Eurozone UCITS ETF DR (D)	8.21%	28.03%	1.78%	13.31%	-9.02%	14.24%	0.24%	-1.68%
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF	6.36%	24.40%	0.75%	11.87%	-13.35%	12.21%	7.23%	2.42%

Correlation

The correlation between PRIZ.L and IEFS.L is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jul 5, 2019	0.54

The correlation between PRIZ.L and IEFS.L shifts across timeframes, from 0.53 (3 years) to 0.69 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PRIZ.L vs. IEFS.L — Risk / Return Rank

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

PRIZ.L

PRIZ.L Risk / Return Rank: 47
PRIZ.L Sharpe Ratio Rank: 46
PRIZ.L Sortino Ratio Rank: 43
PRIZ.L Omega Ratio Rank: 47
PRIZ.L Calmar Ratio Rank: 50
PRIZ.L Martin Ratio Rank: 48

IEFS.L

IEFS.L Risk / Return Rank: 38
IEFS.L Sharpe Ratio Rank: 40
IEFS.L Sortino Ratio Rank: 38
IEFS.L Omega Ratio Rank: 40
IEFS.L Calmar Ratio Rank: 34
IEFS.L Martin Ratio Rank: 38

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.

PRIZ.L vs. IEFS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Eurozone UCITS ETF DR (D) (PRIZ.L) and iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.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.

	PRIZ.L	IEFS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.38	+0.21
Sortino ratio: Return per unit of downside risk	2.16	1.94	+0.22
Omega ratio: Gain probability vs. loss probability	1.29	1.26	+0.04
Calmar ratio: Return relative to maximum drawdown	2.47	1.63	+0.83
Martin ratio: Return relative to average drawdown	7.96	5.83	+2.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRIZ.L vs. IEFS.L - Sharpe Ratio Comparison

The current PRIZ.L Sharpe Ratio is 1.59, which is comparable to the IEFS.L Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of PRIZ.L and IEFS.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.

Sharpe Ratios by Period

	PRIZ.L	IEFS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.38	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.40	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.53	-0.01

Drawdowns

PRIZ.L vs. IEFS.L - Drawdown Comparison

The maximum PRIZ.L drawdown since its inception was -33.71%, which is greater than IEFS.L's maximum drawdown of -31.02%. Use the drawdown chart below to compare losses from any high point for PRIZ.L and IEFS.L.

Drawdown Indicators

	PRIZ.L	IEFS.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.71%	-31.02%	-2.69%
Max Drawdown (1Y) Largest decline over 1 year	-10.90%	-9.91%	-0.99%
Max Drawdown (3Y) Largest decline over 3 years	-12.94%	-11.84%	-1.10%
Max Drawdown (5Y) Largest decline over 5 years	-22.82%	-26.40%	+3.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.02%	—
Current Drawdown Current decline from peak	-0.09%	-1.87%	+1.78%
Average Drawdown Average peak-to-trough decline	-6.03%	-5.84%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	2.78%	+0.81%

Volatility

PRIZ.L vs. IEFS.L - Volatility Comparison

Amundi Prime Eurozone UCITS ETF DR (D) (PRIZ.L) has a higher volatility of 4.56% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) at 3.81%. This indicates that PRIZ.L's price experiences larger fluctuations and is considered to be riskier than IEFS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRIZ.L	IEFS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	3.81%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	12.91%	9.77%	+3.14%
Volatility (1Y) Calculated over the trailing 1-year period	16.93%	11.72%	+5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.48%	14.99%	+6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.31%	15.59%	+8.72%

PRIZ.L vs. IEFS.L - Expense Ratio Comparison

PRIZ.L has a 0.05% expense ratio, which is lower than IEFS.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

PRIZ.L vs. IEFS.L - Dividend Comparison

PRIZ.L's dividend yield for the trailing twelve months is around 0.02%, while IEFS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRIZ.L Amundi Prime Eurozone UCITS ETF DR (D)	0.02%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.03%

Frequently Asked Questions

Can I hold both PRIZ.L and IEFS.L in my portfolio?

PRIZ.L and IEFS.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRIZ.L or IEFS.L?

On fees, PRIZ.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, PRIZ.L or IEFS.L?

PRIZ.L is cheaper with a 0.05% expense ratio, compared with 0.25% for IEFS.L.

What is the main difference between PRIZ.L and IEFS.L?

PRIZ.L tracks MSCI EMU NR EUR, while IEFS.L tracks MSCI Europe SMID NR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for PRIZ.L and 0.25% for IEFS.L.