LYS4.DE vs. PRAR.DE

Last updated Jun 5, 2026

LYS4.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc) and PRAR.DE (Amundi Prime Euro Govies UCITS ETF) are both European Government Bonds funds from Amundi - LYS4.DE tracks the MTS Mid Price Highest Rated Macro-Weighted 1-3 (EUR) while PRAR.DE tracks the Solactive Eurozone Government Bond. Both are passively managed. Over the past 5 years, LYS4.DE returned 0.27%/yr vs -2.24%/yr for PRAR.DE. A 0.72 correlation means they provide meaningful diversification when combined. LYS4.DE charges 0.17%/yr vs 0.05%/yr for PRAR.DE.

Performance

LYS4.DE vs. PRAR.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc (LYS4.DE) and Amundi Prime Euro Govies UCITS ETF (PRAR.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LYS4.DE achieves a 0.05% return, which is significantly lower than PRAR.DE's 0.07% return.

LYS4.DE

• 1D: 0.08%
• 1M: 0.05%
• YTD: 0.05%
• 6M: 0.17%
• 1Y: 0.78%
• 3Y*: 2.29%
• 5Y*: 0.27%
• 10Y*: -0.21%

PRAR.DE

• 1D: 0.09%
• 1M: -0.07%
• YTD: 0.07%
• 6M: 0.11%
• 1Y: 0.33%
• 3Y*: 2.33%
• 5Y*: -2.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LYS4.DE vs. PRAR.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LYS4.DE Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc	0.05%	1.96%	2.50%	2.85%	-5.26%	-0.98%	-0.57%
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 LYS4.DE and PRAR.DE is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.72

The correlation between LYS4.DE and PRAR.DE has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.

Return for Risk

LYS4.DE vs. PRAR.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LYS4.DE

LYS4.DE Risk / Return Rank: 15
LYS4.DE Sharpe Ratio Rank: 16
LYS4.DE Sortino Ratio Rank: 15
LYS4.DE Omega Ratio Rank: 15
LYS4.DE Calmar Ratio Rank: 14
LYS4.DE Martin Ratio Rank: 15

PRAR.DE

PRAR.DE Risk / Return Rank: 9
PRAR.DE Sharpe Ratio Rank: 9
PRAR.DE Sortino Ratio Rank: 8
PRAR.DE Omega Ratio Rank: 8
PRAR.DE Calmar Ratio Rank: 9
PRAR.DE Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LYS4.DE vs. PRAR.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc (LYS4.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.

	LYS4.DE	PRAR.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.43	-0.01	+0.45
Sortino ratio: Return per unit of downside risk	0.63	0.01	+0.62
Omega ratio: Gain probability vs. loss probability	1.09	1.00	+0.09
Calmar ratio: Return relative to maximum drawdown	0.44	-0.02	+0.46
Martin ratio: Return relative to average drawdown	1.30	-0.05	+1.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LYS4.DE vs. PRAR.DE - Sharpe Ratio Comparison

The current LYS4.DE Sharpe Ratio is 0.43, which is higher than the PRAR.DE Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of LYS4.DE and PRAR.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LYS4.DE	PRAR.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	-0.01	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	-0.36	+0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	-0.28	+0.27

Drawdowns

LYS4.DE vs. PRAR.DE - Drawdown Comparison

The maximum LYS4.DE drawdown since its inception was -9.86%, smaller than the maximum PRAR.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for LYS4.DE and PRAR.DE.

Drawdown Indicators

	LYS4.DE	PRAR.DE	Difference
Max Drawdown Largest peak-to-trough decline	-9.86%	-22.34%	+12.48%
Max Drawdown (1Y) Largest decline over 1 year	-1.32%	-3.48%	+2.16%
Max Drawdown (3Y) Largest decline over 3 years	-1.32%	-4.05%	+2.73%
Max Drawdown (5Y) Largest decline over 5 years	-6.58%	-21.49%	+14.91%
Max Drawdown (10Y) Largest decline over 10 years	-9.86%	—	—
Current Drawdown Current decline from peak	-2.29%	-13.95%	+11.66%
Average Drawdown Average peak-to-trough decline	-2.57%	-11.58%	+9.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	1.37%	-0.92%

Volatility

LYS4.DE vs. PRAR.DE - Volatility Comparison

The current volatility for Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc (LYS4.DE) is 0.46%, while Amundi Prime Euro Govies UCITS ETF (PRAR.DE) has a volatility of 1.75%. This indicates that LYS4.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.

Volatility by Period

	LYS4.DE	PRAR.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	1.75%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	1.24%	3.67%	-2.43%
Volatility (1Y) Calculated over the trailing 1-year period	1.35%	4.40%	-3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.72%	6.22%	-4.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.43%	5.80%	-4.37%

LYS4.DE vs. PRAR.DE - Expense Ratio Comparison

LYS4.DE has a 0.17% 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

LYS4.DE vs. PRAR.DE - Dividend Comparison

Neither LYS4.DE nor PRAR.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LYS4.DE and PRAR.DE in my portfolio?

LYS4.DE and PRAR.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LYS4.DE or PRAR.DE?

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.

Which ETF is cheaper, LYS4.DE or PRAR.DE?

PRAR.DE is cheaper with a 0.05% expense ratio, compared with 0.17% for LYS4.DE.

What is the main difference between LYS4.DE and PRAR.DE?

LYS4.DE tracks MTS Mid Price Highest Rated Macro-Weighted 1-3 (EUR), while PRAR.DE tracks Solactive Eurozone Government Bond. Their fees differ too: 0.17% for LYS4.DE and 0.05% for PRAR.DE.