IS0P.DE vs. PRAR.DE
IS0P.DE (iShares Spain Government Bond UCITS ETF Dist) and PRAR.DE (Amundi Prime Euro Govies UCITS ETF) are both European Government Bonds funds - IS0P.DE tracks the Bloomberg Spain Treasury Bond while PRAR.DE tracks the Solactive Eurozone Government Bond. Both are passively managed. Over the past 5 years, IS0P.DE returned -1.97%/yr vs -2.57%/yr for PRAR.DE. Their correlation of 0.95 suggests significant overlap in exposure. IS0P.DE charges 0.20%/yr vs 0.05%/yr for PRAR.DE.
Performance
IS0P.DE vs. PRAR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0P.DE achieves a -0.28% return, which is significantly lower than PRAR.DE's -0.17% return.
IS0P.DE
- 1D
- -0.01%
- 1M
- -0.70%
- 6M
- -0.53%
- YTD
- -0.28%
- 1Y
- 1.28%
- 3Y*
- 3.21%
- 5Y*
- -1.97%
- 10Y*
- 0.26%
PRAR.DE
- 1D
- -0.06%
- 1M
- -0.88%
- 6M
- -0.66%
- YTD
- -0.17%
- 1Y
- 0.22%
- 3Y*
- 2.35%
- 5Y*
- -2.57%
- 10Y*
- —
IS0P.DE vs. PRAR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | -0.28% | 1.84% | 2.83% | 6.58% | -17.73% | -3.10% | 3.96% |
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 IS0P.DE and PRAR.DE is 0.93, 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 | 0.93 |
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 22, 2020 | 0.95 |
The correlation between IS0P.DE and PRAR.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
IS0P.DE vs. PRAR.DE — Risk / Return Rank
IS0P.DE
PRAR.DE
IS0P.DE vs. PRAR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Spain Government Bond UCITS ETF Dist (IS0P.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.
| IS0P.DE | PRAR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.01 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.06 | +0.31 |
| Martin ratioReturn relative to average drawdown | 0.95 | 0.15 | +0.80 |
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Drawdowns
IS0P.DE vs. PRAR.DE - Drawdown Comparison
The maximum IS0P.DE drawdown since its inception was -21.93%, roughly equal to the maximum PRAR.DE drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for IS0P.DE and PRAR.DE.
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Drawdown Indicators
| IS0P.DE | PRAR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.93% | -22.33% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -3.53% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -4.00% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -21.47% | +0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -21.93% | — | — |
Current DrawdownCurrent decline from peak | -11.78% | -14.17% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -11.61% | +5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.45% | -0.11% |
Volatility
IS0P.DE vs. PRAR.DE - Volatility Comparison
iShares Spain Government Bond UCITS ETF Dist (IS0P.DE) and Amundi Prime Euro Govies UCITS ETF (PRAR.DE) have volatilities of 1.16% and 1.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0P.DE | PRAR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.22% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.71% | 3.76% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 4.46% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 6.24% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 5.91% | -0.42% |
IS0P.DE vs. PRAR.DE - Expense Ratio Comparison
IS0P.DE has a 0.20% 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
IS0P.DE vs. PRAR.DE - Dividend Comparison
IS0P.DE's dividend yield for the trailing twelve months is around 2.51%, while PRAR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | 2.51% | 2.38% | 1.96% | 1.22% | 0.63% | 0.46% | 0.45% | 0.75% | 1.08% | 1.29% | 1.38% | 1.67% |
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 0.93, IS0P.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 0.20% for IS0P.DE.
IS0P.DE tracks Bloomberg Spain Treasury Bond, while PRAR.DE tracks Solactive Eurozone Government Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IS0P.DE and 0.05% for PRAR.DE.
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