XSXE.DE vs. PRAE.DE

Last updated Jul 4, 2026

XSXE.DE (Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc)) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds - XSXE.DE tracks the STOXX Europe 600 Index (EUR Hedged) while PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 5 years, XSXE.DE returned 9.89%/yr vs 10.84%/yr for PRAE.DE. With a 0.97 correlation, they move nearly in lockstep. XSXE.DE charges 0.25%/yr vs 0.05%/yr for PRAE.DE.

Performance

XSXE.DE vs. PRAE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc) (XSXE.DE) and Amundi Prime Europe UCITS ETF (PRAE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSXE.DE achieves a 11.68% return, which is significantly lower than PRAE.DE's 12.99% return.

XSXE.DE

• 1D: 0.64%
• 1M: 5.20%
• 6M: 10.95%
• YTD: 11.68%
• 1Y: 22.30%
• 3Y*: 14.79%
• 5Y*: 9.89%
• 10Y*: —

PRAE.DE

• 1D: 0.68%
• 1M: 5.15%
• 6M: 12.00%
• YTD: 12.99%
• 1Y: 24.37%
• 3Y*: 15.49%
• 5Y*: 10.84%
• 10Y*: —

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

XSXE.DE vs. PRAE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XSXE.DE Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc)	11.68%	21.25%	7.59%	14.31%	-9.71%	21.70%	-1.86%
PRAE.DE Amundi Prime Europe UCITS ETF	12.99%	20.48%	8.47%	15.73%	-9.23%	25.26%	-4.30%

Correlation

The correlation between XSXE.DE and PRAE.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020	0.97

The correlation between XSXE.DE and PRAE.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

XSXE.DE vs. PRAE.DE — Risk / Return Rank

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

XSXE.DE

XSXE.DE Risk / Return Rank: 64
XSXE.DE Sharpe Ratio Rank: 67
XSXE.DE Sortino Ratio Rank: 68
XSXE.DE Omega Ratio Rank: 68
XSXE.DE Calmar Ratio Rank: 57
XSXE.DE Martin Ratio Rank: 61

PRAE.DE

PRAE.DE Risk / Return Rank: 69
PRAE.DE Sharpe Ratio Rank: 70
PRAE.DE Sortino Ratio Rank: 72
PRAE.DE Omega Ratio Rank: 72
PRAE.DE Calmar Ratio Rank: 63
PRAE.DE Martin Ratio Rank: 67

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.

XSXE.DE vs. PRAE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc) (XSXE.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.

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.

	XSXE.DE	PRAE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.86	-0.09
Sortino ratio: Return per unit of downside risk	2.54	2.66	-0.12
Omega ratio: Gain probability vs. loss probability	1.33	1.35	-0.02
Calmar ratio: Return relative to maximum drawdown	2.32	2.55	-0.23
Martin ratio: Return relative to average drawdown	8.95	9.98	-1.03

XSXE.DE vs. PRAE.DE - Sharpe Ratio Comparison

The current XSXE.DE Sharpe Ratio is 1.76, which is comparable to the PRAE.DE Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of XSXE.DE and PRAE.DE, 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

XSXE.DE vs. PRAE.DE - Drawdown Comparison

The maximum XSXE.DE drawdown since its inception was -33.65%, smaller than the maximum PRAE.DE drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for XSXE.DE and PRAE.DE.

Drawdown Indicators

	XSXE.DE	PRAE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.65%	-37.01%	+3.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-9.52%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-14.83%	-16.93%	+2.10%
Max Drawdown (5Y) Largest decline over 5 years	-20.30%	-19.59%	-0.71%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.64%	-5.25%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	2.44%	+0.04%

Volatility

XSXE.DE vs. PRAE.DE - Volatility Comparison

The current volatility for Xtrackers Stoxx Europe 600 UCITS ETF EUR Hedged (Acc) (XSXE.DE) is 3.09%, while Amundi Prime Europe UCITS ETF (PRAE.DE) has a volatility of 3.31%. This indicates that XSXE.DE experiences smaller price fluctuations and is considered to be less risky than PRAE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSXE.DE	PRAE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	3.31%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	10.58%	10.96%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	12.59%	13.08%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.08%	14.42%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.83%	17.80%	-1.97%

XSXE.DE vs. PRAE.DE - Expense Ratio Comparison

XSXE.DE has a 0.25% 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

XSXE.DE vs. PRAE.DE - Dividend Comparison

Neither XSXE.DE nor PRAE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XSXE.DE and PRAE.DE in my portfolio?

With a correlation of 0.96, XSXE.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.

Which ETF is better, XSXE.DE or PRAE.DE?

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.

Which ETF is cheaper, XSXE.DE or PRAE.DE?

PRAE.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for XSXE.DE.

What is the main difference between XSXE.DE and PRAE.DE?

XSXE.DE tracks STOXX Europe 600 Index (EUR Hedged), while PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XSXE.DE and 0.05% for PRAE.DE.