IS0Z.DE vs. PRAG.DE
IS0Z.DE (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) and PRAG.DE (Amundi Prime Global Govies UCITS ETF) are both Global Bonds funds - IS0Z.DE tracks the Bloomberg Global Government AAA-AA Capped Bond while PRAG.DE tracks the Solactive Global Developed Government Bond. Both are passively managed. Over the past 5 years, IS0Z.DE returned -2.11%/yr vs -2.34%/yr for PRAG.DE. A 0.75 correlation means they provide meaningful diversification when combined. IS0Z.DE charges 0.20%/yr vs 0.05%/yr for PRAG.DE.
Performance
IS0Z.DE vs. PRAG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0Z.DE achieves a 1.29% return, which is significantly higher than PRAG.DE's 0.07% return.
IS0Z.DE
- 1D
- 0.06%
- 1M
- 0.78%
- YTD
- 1.29%
- 6M
- 1.06%
- 1Y
- 0.23%
- 3Y*
- 1.18%
- 5Y*
- -2.11%
- 10Y*
- -0.58%
PRAG.DE
- 1D
- -0.04%
- 1M
- 0.31%
- YTD
- 0.07%
- 6M
- -0.49%
- 1Y
- -1.47%
- 3Y*
- -0.93%
- 5Y*
- -2.34%
- 10Y*
- —
IS0Z.DE vs. PRAG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 1.29% | -1.88% | 0.75% | 4.39% | -16.12% | -0.07% | 0.79% |
PRAG.DE Amundi Prime Global Govies UCITS ETF | 0.07% | -4.82% | 2.27% | 1.13% | -13.23% | 0.83% | -0.63% |
Correlation
The correlation between IS0Z.DE and PRAG.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.75 |
The correlation between IS0Z.DE and PRAG.DE has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.
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Return for Risk
IS0Z.DE vs. PRAG.DE — Risk / Return Rank
IS0Z.DE
PRAG.DE
IS0Z.DE vs. PRAG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) and Amundi Prime Global Govies UCITS ETF (PRAG.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.
| IS0Z.DE | PRAG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.95 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | -0.50 | +0.60 |
| Martin ratioReturn relative to average drawdown | 0.19 | -0.96 | +1.15 |
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
| IS0Z.DE | PRAG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | -0.33 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.34 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.30 | +0.35 |
Drawdowns
IS0Z.DE vs. PRAG.DE - Drawdown Comparison
The maximum IS0Z.DE drawdown since its inception was -21.02%, smaller than the maximum PRAG.DE drawdown of -23.63%. Use the drawdown chart below to compare losses from any high point for IS0Z.DE and PRAG.DE.
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Drawdown Indicators
| IS0Z.DE | PRAG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.02% | -23.63% | +2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -2.91% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -5.11% | -7.74% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -17.70% | -1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -21.02% | — | — |
Current DrawdownCurrent decline from peak | -15.06% | -21.95% | +6.89% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -15.85% | +8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.52% | -0.31% |
Volatility
IS0Z.DE vs. PRAG.DE - Volatility Comparison
iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) has a higher volatility of 1.69% compared to Amundi Prime Global Govies UCITS ETF (PRAG.DE) at 1.17%. This indicates that IS0Z.DE's price experiences larger fluctuations and is considered to be riskier than PRAG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0Z.DE | PRAG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.17% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 3.27% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 4.41% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 6.71% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.66% | 7.87% | -2.21% |
IS0Z.DE vs. PRAG.DE - Expense Ratio Comparison
IS0Z.DE has a 0.20% expense ratio, which is higher than PRAG.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
IS0Z.DE vs. PRAG.DE - Dividend Comparison
IS0Z.DE's dividend yield for the trailing twelve months is around 2.67%, while PRAG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.67% | 2.51% | 2.30% | 1.57% | 0.80% | 0.47% | 0.62% | 0.88% | 0.90% | 0.82% | 0.84% | 1.06% |
PRAG.DE Amundi Prime Global 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
IS0Z.DE and PRAG.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAG.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAG.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for IS0Z.DE.
IS0Z.DE tracks Bloomberg Global Government AAA-AA Capped Bond, while PRAG.DE tracks Solactive Global Developed Government Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IS0Z.DE and 0.05% for PRAG.DE.
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