EL4V.DE vs. PRAR.DE

Last updated Jul 16, 2026

EL4V.DE (Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF) and PRAR.DE (Amundi Prime Euro Govies UCITS ETF) are both European Government Bonds funds - EL4V.DE tracks the Deutsche Börse EUROGOV Germany 10+ Index while PRAR.DE tracks the Solactive Eurozone Government Bond. Both are passively managed. Over the past 5 years, EL4V.DE returned -8.68%/yr vs -2.57%/yr for PRAR.DE. Their correlation of 0.89 suggests significant overlap in exposure. EL4V.DE charges 0.15%/yr vs 0.05%/yr for PRAR.DE.

Performance

EL4V.DE vs. PRAR.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF (EL4V.DE) and Amundi Prime Euro Govies UCITS ETF (PRAR.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EL4V.DE achieves a -0.97% return, which is significantly lower than PRAR.DE's -0.17% return.

EL4V.DE

• 1D: -0.29%
• 1M: -1.59%
• 6M: -1.93%
• YTD: -0.97%
• 1Y: -3.20%
• 3Y*: -2.20%
• 5Y*: -8.68%
• 10Y*: -3.65%

PRAR.DE

• 1D: -0.06%
• 1M: -0.88%
• 6M: -0.66%
• YTD: -0.17%
• 1Y: 0.22%
• 3Y*: 2.35%
• 5Y*: -2.57%
• 10Y*: —

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

EL4V.DE vs. PRAR.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EL4V.DE Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF	-0.97%	-8.19%	-2.86%	6.90%	-32.41%	-4.81%	6.53%
PRAR.DE Amundi Prime Euro Govies UCITS ETF	-0.17%	0.61%	1.42%	6.90%	-18.22%	-3.07%	4.10%

Correlation

The correlation between EL4V.DE and PRAR.DE is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020	0.89

The correlation between EL4V.DE and PRAR.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

EL4V.DE vs. PRAR.DE — Risk / Return Rank

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

EL4V.DE

EL4V.DE Risk / Return Rank: 5
EL4V.DE Sharpe Ratio Rank: 6
EL4V.DE Sortino Ratio Rank: 5
EL4V.DE Omega Ratio Rank: 5
EL4V.DE Calmar Ratio Rank: 5
EL4V.DE Martin Ratio Rank: 5

PRAR.DE

PRAR.DE Risk / Return Rank: 9
PRAR.DE Sharpe Ratio Rank: 10
PRAR.DE Sortino Ratio Rank: 9
PRAR.DE Omega Ratio Rank: 9
PRAR.DE Calmar Ratio Rank: 10
PRAR.DE Martin Ratio Rank: 10

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.

EL4V.DE vs. PRAR.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF (EL4V.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.

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.

	EL4V.DE	PRAR.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.42	0.05	-0.47
Sortino ratio: Return per unit of downside risk	-0.54	0.10	-0.64
Omega ratio: Gain probability vs. loss probability	0.94	1.01	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.49	0.06	-0.56
Martin ratio: Return relative to average drawdown	-0.92	0.15	-1.07

EL4V.DE vs. PRAR.DE - Sharpe Ratio Comparison

The current EL4V.DE Sharpe Ratio is -0.42, which is lower than the PRAR.DE Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of EL4V.DE and PRAR.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

EL4V.DE vs. PRAR.DE - Drawdown Comparison

The maximum EL4V.DE drawdown since its inception was -43.83%, which is greater than PRAR.DE's maximum drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for EL4V.DE and PRAR.DE.

Drawdown Indicators

	EL4V.DE	PRAR.DE	Difference
Max Drawdown Largest peak-to-trough decline	-43.83%	-22.33%	-21.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.63%	-3.53%	-3.10%
Max Drawdown (3Y) Largest decline over 3 years	-14.80%	-4.00%	-10.80%
Max Drawdown (5Y) Largest decline over 5 years	-40.13%	-21.47%	-18.66%
Max Drawdown (10Y) Largest decline over 10 years	-43.83%	—	—
Current Drawdown Current decline from peak	-42.50%	-14.17%	-28.33%
Average Drawdown Average peak-to-trough decline	-13.95%	-11.61%	-2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	1.45%	+2.13%

Volatility

EL4V.DE vs. PRAR.DE - Volatility Comparison

Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF (EL4V.DE) has a higher volatility of 2.19% compared to Amundi Prime Euro Govies UCITS ETF (PRAR.DE) at 1.22%. This indicates that EL4V.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.

Volatility by Period

	EL4V.DE	PRAR.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	1.22%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	5.85%	3.76%	+2.09%
Volatility (1Y) Calculated over the trailing 1-year period	7.71%	4.46%	+3.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.68%	6.24%	+6.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.87%	5.91%	+4.96%

EL4V.DE vs. PRAR.DE - Expense Ratio Comparison

EL4V.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

EL4V.DE vs. PRAR.DE - Dividend Comparison

EL4V.DE's dividend yield for the trailing twelve months is around 2.30%, while PRAR.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EL4V.DE Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF	2.30%	2.06%	2.00%	2.29%	2.45%	1.79%	1.84%	2.06%	2.35%	1.03%	2.57%	2.79%
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

Can I hold both EL4V.DE and PRAR.DE in my portfolio?

With a correlation of 0.91, EL4V.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.

Which ETF is better, EL4V.DE or PRAR.DE?

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.

Which ETF is cheaper, EL4V.DE or PRAR.DE?

PRAR.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for EL4V.DE.

What is the main difference between EL4V.DE and PRAR.DE?

EL4V.DE tracks Deutsche Börse EUROGOV Germany 10+ Index, while PRAR.DE tracks Solactive Eurozone Government Bond. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.15% for EL4V.DE and 0.05% for PRAR.DE.