EL4P.DE vs. PRAR.DE
EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) and PRAR.DE (Amundi Prime Euro Govies UCITS ETF) are both European Government Bonds funds - EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10 while PRAR.DE tracks the Solactive Eurozone Government Bond. Both are passively managed. Over the past 5 years, EL4P.DE returned -2.34%/yr vs -2.24%/yr for PRAR.DE. Their correlation of 0.92 suggests significant overlap in exposure. EL4P.DE charges 0.15%/yr vs 0.05%/yr for PRAR.DE.
Performance
EL4P.DE vs. PRAR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4P.DE achieves a 0.16% return, which is significantly higher than PRAR.DE's 0.07% return.
EL4P.DE
- 1D
- 0.06%
- 1M
- 0.03%
- YTD
- 0.16%
- 6M
- 0.17%
- 1Y
- 0.76%
- 3Y*
- 2.69%
- 5Y*
- -2.34%
- 10Y*
- -0.11%
PRAR.DE
- 1D
- 0.09%
- 1M
- -0.07%
- YTD
- 0.07%
- 6M
- 0.11%
- 1Y
- 0.33%
- 3Y*
- 2.33%
- 5Y*
- -2.24%
- 10Y*
- —
EL4P.DE vs. PRAR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 0.16% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 3.71% |
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 EL4P.DE and PRAR.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.92 |
The correlation between EL4P.DE and PRAR.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
EL4P.DE vs. PRAR.DE — Risk / Return Rank
EL4P.DE
PRAR.DE
EL4P.DE vs. PRAR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.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.
| EL4P.DE | PRAR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.00 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.02 | +0.10 |
| Martin ratioReturn relative to average drawdown | 0.21 | -0.05 | +0.26 |
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
| EL4P.DE | PRAR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | -0.01 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.36 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | -0.28 | +0.72 |
Drawdowns
EL4P.DE vs. PRAR.DE - Drawdown Comparison
The maximum EL4P.DE drawdown since its inception was -23.50%, which is greater than PRAR.DE's maximum drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for EL4P.DE and PRAR.DE.
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Drawdown Indicators
| EL4P.DE | PRAR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.50% | -22.34% | -1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -3.48% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -4.65% | -4.05% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -21.49% | -1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -23.50% | — | — |
Current DrawdownCurrent decline from peak | -13.76% | -13.95% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -11.58% | +5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.37% | +0.16% |
Volatility
EL4P.DE vs. PRAR.DE - Volatility Comparison
Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) has a higher volatility of 1.99% compared to Amundi Prime Euro Govies UCITS ETF (PRAR.DE) at 1.75%. This indicates that EL4P.DE's price experiences larger fluctuations and is considered to be riskier 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
| EL4P.DE | PRAR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.75% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 3.67% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 4.40% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 6.22% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 5.80% | +0.26% |
EL4P.DE vs. PRAR.DE - Expense Ratio Comparison
EL4P.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
EL4P.DE vs. PRAR.DE - Dividend Comparison
EL4P.DE's dividend yield for the trailing twelve months is around 3.64%, while PRAR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 3.64% | 2.66% | 1.83% | 1.37% | 0.39% | 0.62% | 0.83% | 1.08% | 0.64% | 1.41% | 1.80% | 2.32% |
PRAR.DE Amundi Prime Euro Govies UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, EL4P.DE and PRAR.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, 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 EL4P.DE.
EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10, while PRAR.DE tracks Solactive Eurozone Government Bond. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.15% for EL4P.DE and 0.05% for PRAR.DE.
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