IBCN.DE vs. PRAR.DE
IBCN.DE (iShares Euro Government Bond 3-5yr UCITS ETF) and PRAR.DE (Amundi Prime Euro Govies UCITS ETF) are both European Government Bonds funds - IBCN.DE tracks the Bloomberg Euro Government Bond 5 while PRAR.DE tracks the Solactive Eurozone Government Bond. Both are passively managed. Over the past 5 years, IBCN.DE returned -0.39%/yr vs -2.24%/yr for PRAR.DE. Their correlation of 0.86 suggests significant overlap in exposure. IBCN.DE charges 0.15%/yr vs 0.05%/yr for PRAR.DE.
Performance
IBCN.DE vs. PRAR.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBCN.DE achieves a 0.05% return, which is significantly lower than PRAR.DE's 0.07% return.
IBCN.DE
- 1D
- 0.06%
- 1M
- 0.01%
- YTD
- 0.05%
- 6M
- -0.06%
- 1Y
- 0.68%
- 3Y*
- 2.68%
- 5Y*
- -0.39%
- 10Y*
- 0.17%
PRAR.DE
- 1D
- 0.09%
- 1M
- -0.07%
- YTD
- 0.07%
- 6M
- 0.11%
- 1Y
- 0.33%
- 3Y*
- 2.33%
- 5Y*
- -2.24%
- 10Y*
- —
IBCN.DE vs. PRAR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 0.05% | 2.24% | 2.15% | 5.23% | -10.13% | -1.37% | 1.01% |
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 IBCN.DE and PRAR.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.86 |
The correlation between IBCN.DE and PRAR.DE has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBCN.DE vs. PRAR.DE — Risk / Return Rank
IBCN.DE
PRAR.DE
IBCN.DE vs. PRAR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.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.
| IBCN.DE | PRAR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.00 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.02 | +0.16 |
| Martin ratioReturn relative to average drawdown | 0.40 | -0.05 | +0.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBCN.DE | PRAR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | -0.01 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | -0.36 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | -0.28 | +0.73 |
Drawdowns
IBCN.DE vs. PRAR.DE - Drawdown Comparison
The maximum IBCN.DE drawdown since its inception was -12.52%, smaller than the maximum PRAR.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for IBCN.DE and PRAR.DE.
Loading charts...
Drawdown Indicators
| IBCN.DE | PRAR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.52% | -22.34% | +9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.48% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -4.05% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -12.15% | -21.49% | +9.34% |
Max Drawdown (10Y)Largest decline over 10 years | -12.52% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -13.95% | +11.02% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -11.58% | +9.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.37% | -0.51% |
Volatility
IBCN.DE vs. PRAR.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) is 0.91%, while Amundi Prime Euro Govies UCITS ETF (PRAR.DE) has a volatility of 1.75%. This indicates that IBCN.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.
Loading charts...
Volatility by Period
| IBCN.DE | PRAR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.75% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 3.67% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 4.40% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 6.22% | -2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 5.80% | -2.84% |
IBCN.DE vs. PRAR.DE - Expense Ratio Comparison
IBCN.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
IBCN.DE vs. PRAR.DE - Dividend Comparison
IBCN.DE's dividend yield for the trailing twelve months is around 2.44%, while PRAR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 2.44% | 2.51% | 2.61% | 0.80% | 0.00% | 0.00% | 0.00% | 0.07% | 0.12% | 0.08% | 0.13% | 0.61% |
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
IBCN.DE and PRAR.DE have a correlation of 0.87, 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 IBCN.DE.
IBCN.DE tracks Bloomberg Euro Government Bond 5, while PRAR.DE tracks Solactive Eurozone Government Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for IBCN.DE and 0.05% for PRAR.DE.
Find the right allocation for IBCN.DE and PRAR.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer