PRUK.L vs. CEUR.L

Last updated Jun 5, 2026

PRUK.L (Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D)) and CEUR.L (Amundi MSCI Europe) are both Europe Equities funds from Amundi - PRUK.L tracks the FTSE 250 Ex Investment Trust TR GBP while CEUR.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, PRUK.L returned 0.76%/yr vs 9.47%/yr for CEUR.L. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.05% expense ratio.

Performance

PRUK.L vs. CEUR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D) (PRUK.L) and Amundi MSCI Europe (CEUR.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRUK.L achieves a 2.88% return, which is significantly lower than CEUR.L's 6.66% return.

PRUK.L

• 1D: 1.00%
• 1M: 3.43%
• YTD: 2.88%
• 6M: 5.16%
• 1Y: 9.91%
• 3Y*: 8.92%
• 5Y*: 0.76%
• 10Y*: —

CEUR.L

• 1D: 0.46%
• 1M: 3.94%
• YTD: 6.66%
• 6M: 8.98%
• 1Y: 19.26%
• 3Y*: 13.68%
• 5Y*: 9.47%
• 10Y*: 9.88%

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

PRUK.L vs. CEUR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PRUK.L Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D)	2.88%	13.57%	5.85%	7.37%	-22.76%	12.69%	22.98%
CEUR.L Amundi MSCI Europe	6.66%	24.46%	4.90%	12.93%	-5.96%	17.02%	7.66%

Correlation

The correlation between PRUK.L and CEUR.L is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jul 29, 2020	0.71

The correlation between PRUK.L and CEUR.L has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.

PRUK.L vs. CEUR.L - Sectors Allocation Comparison

Sectors	PRUK.L	CEUR.L
Industrials	22.2%	19.8%
Financial Services	19.9%	25.1%
Consumer Cyclical	13.2%	6.2%
Real Estate	8.0%	1.7%
Basic Materials	7.3%	3.8%
Technology	7.0%	10.4%
Communication Services	6.8%	3.4%
Consumer Defensive	6.4%	7.2%
Utilities	3.4%	5.3%
Energy	2.9%	3.5%
Healthcare	2.9%	13.8%

Return for Risk

PRUK.L vs. CEUR.L — Risk / Return Rank

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

PRUK.L

PRUK.L Risk / Return Rank: 21
PRUK.L Sharpe Ratio Rank: 21
PRUK.L Sortino Ratio Rank: 21
PRUK.L Omega Ratio Rank: 21
PRUK.L Calmar Ratio Rank: 18
PRUK.L Martin Ratio Rank: 21

CEUR.L

CEUR.L Risk / Return Rank: 42
CEUR.L Sharpe Ratio Rank: 45
CEUR.L Sortino Ratio Rank: 45
CEUR.L Omega Ratio Rank: 47
CEUR.L Calmar Ratio Rank: 36
CEUR.L Martin Ratio Rank: 39

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.

PRUK.L vs. CEUR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D) (PRUK.L) and Amundi MSCI Europe (CEUR.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.

	PRUK.L	CEUR.L	Difference
Sharpe ratio: Return per unit of total volatility	0.70	1.54	-0.84
Sortino ratio: Return per unit of downside risk	1.09	2.18	-1.09
Omega ratio: Gain probability vs. loss probability	1.13	1.29	-0.16
Calmar ratio: Return relative to maximum drawdown	0.76	1.74	-0.98
Martin ratio: Return relative to average drawdown	2.52	6.06	-3.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRUK.L vs. CEUR.L - Sharpe Ratio Comparison

The current PRUK.L Sharpe Ratio is 0.70, which is lower than the CEUR.L Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of PRUK.L and CEUR.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

	PRUK.L	CEUR.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.54	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.68	-0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.56	-0.18

Drawdowns

PRUK.L vs. CEUR.L - Drawdown Comparison

The maximum PRUK.L drawdown since its inception was -36.10%, which is greater than CEUR.L's maximum drawdown of -28.63%. Use the drawdown chart below to compare losses from any high point for PRUK.L and CEUR.L.

Drawdown Indicators

	PRUK.L	CEUR.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.10%	-28.63%	-7.47%
Max Drawdown (1Y) Largest decline over 1 year	-13.05%	-11.05%	-2.00%
Max Drawdown (3Y) Largest decline over 3 years	-18.00%	-12.66%	-5.34%
Max Drawdown (5Y) Largest decline over 5 years	-36.10%	-17.85%	-18.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.63%	—
Current Drawdown Current decline from peak	-3.76%	-1.52%	-2.24%
Average Drawdown Average peak-to-trough decline	-14.80%	-4.58%	-10.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	3.17%	+0.76%

Volatility

PRUK.L vs. CEUR.L - Volatility Comparison

Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D) (PRUK.L) has a higher volatility of 4.82% compared to Amundi MSCI Europe (CEUR.L) at 4.25%. This indicates that PRUK.L's price experiences larger fluctuations and is considered to be riskier than CEUR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRUK.L	CEUR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	4.25%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	10.53%	+1.19%
Volatility (1Y) Calculated over the trailing 1-year period	14.14%	12.44%	+1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.54%	13.88%	+2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.45%	14.97%	+2.48%

PRUK.L vs. CEUR.L - Expense Ratio Comparison

Both PRUK.L and CEUR.L have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

PRUK.L vs. CEUR.L - Dividend Comparison

PRUK.L's dividend yield for the trailing twelve months is around 3.60%, while CEUR.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
CEUR.L Amundi MSCI Europe	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRUK.L Amundi Prime UK Mid and Small Cap UCITS ETF DR GBP (D)	3.60%	3.70%	3.63%	3.43%	3.50%	1.73%	0.29%

Frequently Asked Questions

Can I hold both PRUK.L and CEUR.L in my portfolio?

PRUK.L and CEUR.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRUK.L or CEUR.L?

Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRUK.L or CEUR.L?

PRUK.L and CEUR.L have the same expense ratio: 0.05% per year.

What is the main difference between PRUK.L and CEUR.L?

PRUK.L tracks FTSE 250 Ex Investment Trust TR GBP, while CEUR.L tracks MSCI Europe NR EUR.