DBXP.DE vs. PRAR.DE
DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and PRAR.DE (Amundi Prime Euro Govies UCITS ETF) are both European Government Bonds funds - DBXP.DE tracks the iBoxx® EUR Eurozone 1-3 while PRAR.DE tracks the Solactive Eurozone Government Bond. Both are passively managed. Over the past 5 years, DBXP.DE returned 0.67%/yr vs -2.24%/yr for PRAR.DE. A 0.73 correlation means they provide meaningful diversification when combined. DBXP.DE charges 0.15%/yr vs 0.05%/yr for PRAR.DE.
Performance
DBXP.DE vs. PRAR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXP.DE achieves a 0.04% return, which is significantly lower than PRAR.DE's 0.07% return.
DBXP.DE
- 1D
- 0.04%
- 1M
- 0.20%
- YTD
- 0.04%
- 6M
- 0.12%
- 1Y
- 0.80%
- 3Y*
- 2.61%
- 5Y*
- 0.67%
- 10Y*
- 0.22%
PRAR.DE
- 1D
- 0.09%
- 1M
- 0.61%
- YTD
- 0.07%
- 6M
- -0.03%
- 1Y
- -0.06%
- 3Y*
- 2.33%
- 5Y*
- -2.24%
- 10Y*
- —
DBXP.DE vs. PRAR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.04% | 2.21% | 2.99% | 3.41% | -4.59% | -0.85% | 0.00% |
PRAR.DE Amundi Prime Euro Govies UCITS ETF | 0.07% | 0.65% | 1.42% | 6.88% | -18.24% | -3.08% | 4.14% |
Correlation
The correlation between DBXP.DE and PRAR.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.73 |
The correlation between DBXP.DE and PRAR.DE has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
DBXP.DE vs. PRAR.DE — Risk / Return Rank
DBXP.DE
PRAR.DE
DBXP.DE vs. PRAR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) and Amundi Prime Euro Govies UCITS ETF (PRAR.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.
| DBXP.DE | PRAR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.00 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | -0.02 | +0.66 |
| Martin ratioReturn relative to average drawdown | 2.08 | -0.05 | +2.12 |
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
| DBXP.DE | PRAR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | -0.01 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | -0.36 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | -0.28 | +0.84 |
Drawdowns
DBXP.DE vs. PRAR.DE - Drawdown Comparison
The maximum DBXP.DE drawdown since its inception was -6.77%, smaller than the maximum PRAR.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for DBXP.DE and PRAR.DE.
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Drawdown Indicators
| DBXP.DE | PRAR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -22.34% | +15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -3.48% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -1.24% | -4.05% | +2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -21.49% | +15.82% |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -13.95% | +13.40% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -11.58% | +10.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 1.37% | -0.98% |
Volatility
DBXP.DE vs. PRAR.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) is 0.46%, while Amundi Prime Euro Govies UCITS ETF (PRAR.DE) has a volatility of 1.75%. This indicates that DBXP.DE experiences smaller price fluctuations and is considered to be less risky than PRAR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXP.DE | PRAR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 1.75% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 3.67% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.22% | 4.40% | -3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 6.22% | -4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.80% | 5.80% | -4.00% |
DBXP.DE vs. PRAR.DE - Expense Ratio Comparison
DBXP.DE has a 0.15% expense ratio, which is higher than PRAR.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
DBXP.DE vs. PRAR.DE - Dividend Comparison
Neither DBXP.DE nor PRAR.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXP.DE and PRAR.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAR.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAR.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for DBXP.DE.
DBXP.DE tracks iBoxx® EUR Eurozone 1-3, while PRAR.DE tracks Solactive Eurozone Government Bond. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.15% for DBXP.DE and 0.05% for PRAR.DE.
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