GLAG.MI vs. PRAB.DE
GLAG.MI (SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist)) and PRAB.DE (Amundi Prime Euro Government Bonds 0-1Y UCITS ETF) are both exchange-traded funds - GLAG.MI is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond Index, while PRAB.DE is a European Government Bonds fund tracking the Solactive Eurozone Government Bond 0-1 Year. Both are passively managed. Over the past 5 years, GLAG.MI returned -1.07%/yr vs 1.66%/yr for PRAB.DE. At a 0.14 correlation, their price movements are largely independent. GLAG.MI charges 0.10%/yr vs 0.05%/yr for PRAB.DE.
Performance
GLAG.MI vs. PRAB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GLAG.MI achieves a 0.94% return, which is significantly higher than PRAB.DE's 0.87% return.
GLAG.MI
- 1D
- 0.02%
- 1M
- 0.79%
- YTD
- 0.94%
- 6M
- 0.42%
- 1Y
- 0.22%
- 3Y*
- 0.34%
- 5Y*
- -1.07%
- 10Y*
- —
PRAB.DE
- 1D
- 0.06%
- 1M
- 0.23%
- YTD
- 0.87%
- 6M
- 0.92%
- 1Y
- 1.89%
- 3Y*
- 2.84%
- 5Y*
- 1.66%
- 10Y*
- —
GLAG.MI vs. PRAB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLAG.MI SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist) | 0.94% | -4.81% | 4.42% | 1.76% | -11.19% | 2.81% | -2.23% |
PRAB.DE Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.87% | 2.18% | 3.56% | 2.85% | -0.79% | -0.60% | -0.12% |
Correlation
The correlation between GLAG.MI and PRAB.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2020 | 0.14 |
The correlation between GLAG.MI and PRAB.DE shifts across timeframes, from -0.06 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLAG.MI vs. PRAB.DE — Risk / Return Rank
GLAG.MI
PRAB.DE
GLAG.MI vs. PRAB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist) (GLAG.MI) and Amundi Prime Euro Government Bonds 0-1Y UCITS ETF (PRAB.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.
| GLAG.MI | PRAB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.06 | ||
| Sortino ratioReturn per unit of downside risk | -4.84 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.67 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 10.66 | -10.56 |
| Martin ratioReturn relative to average drawdown | 0.20 | 51.86 | -51.67 |
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
| GLAG.MI | PRAB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 3.12 | -3.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 3.14 | -3.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 2.84 | -2.70 |
Drawdowns
GLAG.MI vs. PRAB.DE - Drawdown Comparison
The maximum GLAG.MI drawdown since its inception was -16.12%, which is greater than PRAB.DE's maximum drawdown of -1.67%. Use the drawdown chart below to compare losses from any high point for GLAG.MI and PRAB.DE.
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Drawdown Indicators
| GLAG.MI | PRAB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.12% | -1.67% | -14.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -0.18% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -7.59% | -0.18% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.05% | -1.30% | -13.75% |
Current DrawdownCurrent decline from peak | -11.60% | 0.00% | -11.60% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -0.41% | -6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 0.04% | +1.15% |
Volatility
GLAG.MI vs. PRAB.DE - Volatility Comparison
SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist) (GLAG.MI) has a higher volatility of 0.98% compared to Amundi Prime Euro Government Bonds 0-1Y UCITS ETF (PRAB.DE) at 0.22%. This indicates that GLAG.MI's price experiences larger fluctuations and is considered to be riskier than PRAB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLAG.MI | PRAB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.22% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 0.52% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 0.60% | +3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 0.55% | +5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 0.55% | +5.06% |
GLAG.MI vs. PRAB.DE - Expense Ratio Comparison
GLAG.MI has a 0.10% expense ratio, which is higher than PRAB.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
GLAG.MI vs. PRAB.DE - Dividend Comparison
GLAG.MI's dividend yield for the trailing twelve months is around 2.68%, while PRAB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GLAG.MI SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist) | 2.68% | 2.96% | 2.46% | 1.86% | 1.39% | 0.98% | 1.40% | 1.50% | 0.81% |
PRAB.DE Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLAG.MI and PRAB.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAB.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAB.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for GLAG.MI.
GLAG.MI is categorized as Global Bonds, while PRAB.DE is European Government Bonds. GLAG.MI tracks Bloomberg Global Aggregate Bond Index, while PRAB.DE tracks Solactive Eurozone Government Bond 0-1 Year. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.10% for GLAG.MI and 0.05% for PRAB.DE.
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