KX1G.DE vs. PRAR.DE
KX1G.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR) and PRAR.DE (Amundi Prime Euro Govies UCITS ETF) are both European Government Bonds funds from Amundi - KX1G.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade while PRAR.DE tracks the Solactive Eurozone Government Bond. Both are passively managed. Over the past 5 years, KX1G.DE returned -1.81%/yr vs -2.24%/yr for PRAR.DE. Their correlation of 0.90 suggests significant overlap in exposure. KX1G.DE charges 0.14%/yr vs 0.05%/yr for PRAR.DE.
Performance
KX1G.DE vs. PRAR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, KX1G.DE achieves a 0.22% return, which is significantly higher than PRAR.DE's 0.07% return.
KX1G.DE
- 1D
- 0.13%
- 1M
- 0.66%
- YTD
- 0.22%
- 6M
- 0.10%
- 1Y
- 0.45%
- 3Y*
- 3.02%
- 5Y*
- -1.81%
- 10Y*
- 0.22%
PRAR.DE
- 1D
- 0.09%
- 1M
- 0.61%
- YTD
- 0.07%
- 6M
- -0.03%
- 1Y
- -0.06%
- 3Y*
- 2.33%
- 5Y*
- -2.24%
- 10Y*
- —
KX1G.DE vs. PRAR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KX1G.DE Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR | 0.22% | 1.21% | 2.65% | 7.57% | -18.42% | -3.38% | 4.99% |
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 KX1G.DE and PRAR.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.90 |
The correlation between KX1G.DE and PRAR.DE has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
KX1G.DE vs. PRAR.DE — Risk / Return Rank
KX1G.DE
PRAR.DE
KX1G.DE vs. PRAR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.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.
| KX1G.DE | PRAR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.00 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.02 | +0.15 |
| Martin ratioReturn relative to average drawdown | 0.34 | -0.05 | +0.38 |
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
| KX1G.DE | PRAR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | -0.01 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.36 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | -0.28 | +0.68 |
Drawdowns
KX1G.DE vs. PRAR.DE - Drawdown Comparison
The maximum KX1G.DE drawdown since its inception was -22.43%, roughly equal to the maximum PRAR.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for KX1G.DE and PRAR.DE.
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Drawdown Indicators
| KX1G.DE | PRAR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -22.34% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -3.48% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -4.05% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -21.49% | -0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | — | — |
Current DrawdownCurrent decline from peak | -12.10% | -13.95% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -11.58% | +4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.37% | -0.03% |
Volatility
KX1G.DE vs. PRAR.DE - Volatility Comparison
Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR (KX1G.DE) and Amundi Prime Euro Govies UCITS ETF (PRAR.DE) have volatilities of 1.76% and 1.75%, 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
| KX1G.DE | PRAR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.75% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 3.67% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 4.40% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 6.22% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 5.80% | +0.14% |
KX1G.DE vs. PRAR.DE - Expense Ratio Comparison
KX1G.DE has a 0.14% 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
KX1G.DE vs. PRAR.DE - Dividend Comparison
Neither KX1G.DE nor PRAR.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, KX1G.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 0.14% for KX1G.DE.
KX1G.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade, while PRAR.DE tracks Solactive Eurozone Government Bond. Their fees differ too: 0.14% for KX1G.DE and 0.05% for PRAR.DE.
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