XBAK.DE vs. PRAM.DE
XBAK.DE (Xtrackers MSCI Pakistan Swap UCITS ETF (Acc)) and PRAM.DE (Amundi Prime Emerging Markets UCITS ETF DR (C)) are both Emerging Markets Equities funds - XBAK.DE tracks the MSCI Pakistan Investable Market Index while PRAM.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past 3 years, XBAK.DE returned 41.08%/yr vs 18.60%/yr for PRAM.DE. At a 0.18 correlation, their price movements are largely independent. XBAK.DE charges 0.85%/yr vs 0.10%/yr for PRAM.DE.
Performance
XBAK.DE vs. PRAM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAK.DE achieves a 5.19% return, which is significantly lower than PRAM.DE's 23.36% return.
XBAK.DE
- 1D
- 0.62%
- 1M
- 10.20%
- 6M
- 2.53%
- YTD
- 5.19%
- 1Y
- 35.00%
- 3Y*
- 41.08%
- 5Y*
- 10.75%
- 10Y*
- -1.05%
PRAM.DE
- 1D
- 0.00%
- 1M
- -3.82%
- 6M
- 20.51%
- YTD
- 23.36%
- 1Y
- 40.19%
- 3Y*
- 18.60%
- 5Y*
- —
- 10Y*
- —
XBAK.DE vs. PRAM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XBAK.DE Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) | 5.19% | 20.31% | 75.92% | 15.36% | -24.63% | -5.55% |
PRAM.DE Amundi Prime Emerging Markets UCITS ETF DR (C) | 23.36% | 17.03% | 13.52% | 7.05% | -12.45% | -15.96% |
Correlation
The correlation between XBAK.DE and PRAM.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2021 | 0.18 |
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Return for Risk
XBAK.DE vs. PRAM.DE — Risk / Return Rank
XBAK.DE
PRAM.DE
XBAK.DE vs. PRAM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.DE) and Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.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.
| XBAK.DE | PRAM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.39 | -0.92 |
| Martin ratioReturn relative to average drawdown | 3.81 | 5.52 | -1.72 |
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Drawdowns
XBAK.DE vs. PRAM.DE - Drawdown Comparison
The maximum XBAK.DE drawdown since its inception was -79.30%, which is greater than PRAM.DE's maximum drawdown of -29.89%. Use the drawdown chart below to compare losses from any high point for XBAK.DE and PRAM.DE.
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Drawdown Indicators
| XBAK.DE | PRAM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.30% | -29.89% | -49.41% |
Max Drawdown (1Y)Largest decline over 1 year | -23.67% | -16.81% | -6.86% |
Max Drawdown (3Y)Largest decline over 3 years | -23.67% | -19.02% | -4.65% |
Max Drawdown (5Y)Largest decline over 5 years | -49.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -79.30% | — | — |
Current DrawdownCurrent decline from peak | -32.50% | -7.22% | -25.28% |
Average DrawdownAverage peak-to-trough decline | -37.83% | -15.85% | -21.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.17% | 7.28% | +1.89% |
Volatility
XBAK.DE vs. PRAM.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.DE) is 5.51%, while Amundi Prime Emerging Markets UCITS ETF DR (C) (PRAM.DE) has a volatility of 8.85%. This indicates that XBAK.DE experiences smaller price fluctuations and is considered to be less risky than PRAM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAK.DE | PRAM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 8.85% | -3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 24.19% | 16.90% | +7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.00% | 28.05% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.55% | 20.65% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.55% | 20.65% | +3.90% |
XBAK.DE vs. PRAM.DE - Expense Ratio Comparison
XBAK.DE has a 0.85% expense ratio, which is higher than PRAM.DE's 0.10% expense ratio.
Dividends
XBAK.DE vs. PRAM.DE - Dividend Comparison
Neither XBAK.DE nor PRAM.DE has paid dividends to shareholders.
Frequently Asked Questions
XBAK.DE and PRAM.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAM.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAM.DE is cheaper with a 0.10% expense ratio, compared with 0.85% for XBAK.DE.
XBAK.DE tracks MSCI Pakistan Investable Market Index, while PRAM.DE tracks MSCI EM NR USD. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.85% for XBAK.DE and 0.10% for PRAM.DE.
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