RIEU.L vs. PRIE.L

Last updated Jul 18, 2026

RIEU.L (L&G MSCI Europe Select UCITS ETF EUR (Acc)) and PRIE.L (Amundi Prime Europe UCITS ETF DR (D)) are both Europe Equities funds - RIEU.L tracks the MSCI Global Select 500 Index – Europe Subset while PRIE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, RIEU.L returned 8.39%/yr vs 10.56%/yr for PRIE.L. Their correlation of 0.92 suggests significant overlap in exposure. RIEU.L charges 0.10%/yr vs 0.05%/yr for PRIE.L.

Performance

RIEU.L vs. PRIE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G MSCI Europe Select UCITS ETF EUR (Acc) (RIEU.L) and Amundi Prime Europe UCITS ETF DR (D) (PRIE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, RIEU.L achieves a 8.81% return, which is significantly lower than PRIE.L's 11.03% return.

RIEU.L

• 1D: -0.25%
• 1M: 0.72%
• 6M: 5.48%
• YTD: 8.81%
• 1Y: 15.95%
• 3Y*: 12.63%
• 5Y*: 8.39%
• 10Y*: —

PRIE.L

• 1D: -0.16%
• 1M: 0.56%
• 6M: 6.82%
• YTD: 11.03%
• 1Y: 21.23%
• 3Y*: 14.89%
• 5Y*: 10.56%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RIEU.L L&G MSCI Europe Select UCITS ETF EUR (Acc)	8.81%	15.57%	9.47%	15.33%	-12.34%	24.84%	0.23%	10.89%
PRIE.L Amundi Prime Europe UCITS ETF DR (D)	11.03%	19.54%	8.79%	15.79%	-8.59%	25.03%	-3.56%	11.42%

Correlation

The correlation between RIEU.L and PRIE.L is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 30, 2019	0.92

The correlation between RIEU.L and PRIE.L has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

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

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

RIEU.L

RIEU.L Risk / Return Rank: 46
RIEU.L Sharpe Ratio Rank: 48
RIEU.L Sortino Ratio Rank: 48
RIEU.L Omega Ratio Rank: 48
RIEU.L Calmar Ratio Rank: 39
RIEU.L Martin Ratio Rank: 45

PRIE.L

PRIE.L Risk / Return Rank: 56
PRIE.L Sharpe Ratio Rank: 61
PRIE.L Sortino Ratio Rank: 60
PRIE.L Omega Ratio Rank: 63
PRIE.L Calmar Ratio Rank: 45
PRIE.L Martin Ratio Rank: 51

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.

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

This table presents a comparison of risk-adjusted performance metrics for L&G MSCI Europe Select UCITS ETF EUR (Acc) (RIEU.L) and Amundi Prime Europe UCITS ETF DR (D) (PRIE.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.

	RIEU.L	PRIE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.67	-0.40
Sortino ratio: Return per unit of downside risk	1.83	2.37	-0.54
Omega ratio: Gain probability vs. loss probability	1.23	1.31	-0.08
Calmar ratio: Return relative to maximum drawdown	1.56	2.21	-0.66
Martin ratio: Return relative to average drawdown	5.44	8.52	-3.08

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

The current RIEU.L Sharpe Ratio is 1.27, which is comparable to the PRIE.L Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of RIEU.L and PRIE.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

RIEU.L vs. PRIE.L - Drawdown Comparison

The maximum RIEU.L drawdown since its inception was -34.22%, smaller than the maximum PRIE.L drawdown of -36.11%. Use the drawdown chart below to compare losses from any high point for RIEU.L and PRIE.L.

Drawdown Indicators

	RIEU.L	PRIE.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.22%	-36.11%	+1.89%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	-9.54%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-16.18%	-16.26%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-22.82%	-19.61%	-3.21%
Current Drawdown Current decline from peak	-1.90%	-1.81%	-0.09%
Average Drawdown Average peak-to-trough decline	-5.55%	-5.69%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.49%	+0.44%

Volatility

RIEU.L vs. PRIE.L - Volatility Comparison

The current volatility for L&G MSCI Europe Select UCITS ETF EUR (Acc) (RIEU.L) is 2.93%, while Amundi Prime Europe UCITS ETF DR (D) (PRIE.L) has a volatility of 3.31%. This indicates that RIEU.L experiences smaller price fluctuations and is considered to be less risky than PRIE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIEU.L	PRIE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	3.31%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	10.65%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	12.55%	12.68%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	14.38%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	17.23%	-0.64%

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

RIEU.L has a 0.10% expense ratio, which is higher than PRIE.L's 0.05% 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

RIEU.L vs. PRIE.L - Dividend Comparison

RIEU.L has not paid dividends to shareholders, while PRIE.L's dividend yield for the trailing twelve months is around 2.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
RIEU.L L&G MSCI Europe Select UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

With a correlation of 0.95, RIEU.L and PRIE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

PRIE.L is cheaper with a 0.05% expense ratio, compared with 0.10% for RIEU.L.

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

RIEU.L tracks MSCI Global Select 500 Index – Europe Subset, while PRIE.L tracks MSCI Europe NR EUR. They also come from different issuers: L&G and Amundi. Their fees differ too: 0.10% for RIEU.L and 0.05% for PRIE.L.