XNZE.DE vs. PRAE.DE
XNZE.DE (Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds - XNZE.DE tracks the MSCI EMU NR EUR while PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 3 years, XNZE.DE returned 11.48%/yr vs 13.87%/yr for PRAE.DE. Their correlation of 0.92 suggests significant overlap in exposure. XNZE.DE charges 0.15%/yr vs 0.05%/yr for PRAE.DE.
Performance
XNZE.DE vs. PRAE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNZE.DE achieves a 9.92% return, which is significantly higher than PRAE.DE's 7.71% return.
XNZE.DE
- 1D
- 0.62%
- 1M
- 4.62%
- YTD
- 9.92%
- 6M
- 10.75%
- 1Y
- 14.11%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
PRAE.DE
- 1D
- 0.23%
- 1M
- 0.88%
- YTD
- 7.71%
- 6M
- 9.87%
- 1Y
- 16.29%
- 3Y*
- 13.87%
- 5Y*
- 10.04%
- 10Y*
- —
XNZE.DE vs. PRAE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XNZE.DE Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C | 9.92% | 13.33% | 5.47% | 20.66% | -1.63% |
PRAE.DE Amundi Prime Europe UCITS ETF | 7.71% | 20.47% | 8.49% | 15.73% | 0.53% |
Correlation
The correlation between XNZE.DE and PRAE.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2022 | 0.92 |
The correlation between XNZE.DE and PRAE.DE has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
XNZE.DE vs. PRAE.DE — Risk / Return Rank
XNZE.DE
PRAE.DE
XNZE.DE vs. PRAE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.DE) and Amundi Prime Europe UCITS ETF (PRAE.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.
| XNZE.DE | PRAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.75 | -0.50 |
| Martin ratioReturn relative to average drawdown | 4.26 | 6.64 | -2.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XNZE.DE | PRAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.29 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.54 | +0.11 |
Drawdowns
XNZE.DE vs. PRAE.DE - Drawdown Comparison
The maximum XNZE.DE drawdown since its inception was -18.68%, smaller than the maximum PRAE.DE drawdown of -32.86%. Use the drawdown chart below to compare losses from any high point for XNZE.DE and PRAE.DE.
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Drawdown Indicators
| XNZE.DE | PRAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -32.86% | +14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -9.54% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -16.94% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.60% | — |
Current DrawdownCurrent decline from peak | -0.34% | -1.63% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -5.27% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 2.52% | +0.85% |
Volatility
XNZE.DE vs. PRAE.DE - Volatility Comparison
Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.DE) has a higher volatility of 5.15% compared to Amundi Prime Europe UCITS ETF (PRAE.DE) at 4.39%. This indicates that XNZE.DE's price experiences larger fluctuations and is considered to be riskier than PRAE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNZE.DE | PRAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 4.39% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 10.66% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 12.97% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 14.42% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 17.22% | -0.38% |
XNZE.DE vs. PRAE.DE - Expense Ratio Comparison
XNZE.DE has a 0.15% expense ratio, which is higher than PRAE.DE'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
XNZE.DE vs. PRAE.DE - Dividend Comparison
Neither XNZE.DE nor PRAE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, XNZE.DE and PRAE.DE 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.
On fees, PRAE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAE.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for XNZE.DE.
XNZE.DE tracks MSCI EMU NR EUR, while PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. They also come from different issuers: DWS and Amundi. Their fees differ too: 0.15% for XNZE.DE and 0.05% for PRAE.DE.
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