PR1R.DE vs. VGEB.DE
PR1R.DE (Amundi Prime Euro Govies UCITS ETF DR (D)) and VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - PR1R.DE tracks the Solactive Eurozone Government Bond while VGEB.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, PR1R.DE returned -2.24%/yr vs -2.17%/yr for VGEB.DE. With a 0.95 correlation, they move nearly in lockstep. PR1R.DE charges 0.05%/yr vs 0.07%/yr for VGEB.DE.
Performance
PR1R.DE vs. VGEB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PR1R.DE achieves a 0.09% return, which is significantly lower than VGEB.DE's 0.13% return.
PR1R.DE
- 1D
- 0.06%
- 1M
- 0.58%
- YTD
- 0.09%
- 6M
- 0.01%
- 1Y
- -0.11%
- 3Y*
- 2.33%
- 5Y*
- -2.24%
- 10Y*
- —
VGEB.DE
- 1D
- 0.03%
- 1M
- 0.64%
- YTD
- 0.13%
- 6M
- 0.07%
- 1Y
- -0.09%
- 3Y*
- 2.38%
- 5Y*
- -2.17%
- 10Y*
- —
PR1R.DE vs. VGEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PR1R.DE Amundi Prime Euro Govies UCITS ETF DR (D) | 0.09% | 0.65% | 1.46% | 6.92% | -18.25% | -3.24% | 4.70% | 6.23% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.13% | 0.69% | 1.55% | 6.99% | -18.10% | -3.26% | 4.75% | 6.28% |
Correlation
The correlation between PR1R.DE and VGEB.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | 0.95 |
The correlation between PR1R.DE and VGEB.DE has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.
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Return for Risk
PR1R.DE vs. VGEB.DE — Risk / Return Rank
PR1R.DE
VGEB.DE
PR1R.DE vs. VGEB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Euro Govies UCITS ETF DR (D) (PR1R.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.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.
| PR1R.DE | VGEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.03 | -0.01 |
| Martin ratioReturn relative to average drawdown | -0.08 | -0.06 | -0.01 |
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
| PR1R.DE | VGEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.02 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.34 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.03 | -0.06 |
Drawdowns
PR1R.DE vs. VGEB.DE - Drawdown Comparison
The maximum PR1R.DE drawdown since its inception was -22.33%, roughly equal to the maximum VGEB.DE drawdown of -22.15%. Use the drawdown chart below to compare losses from any high point for PR1R.DE and VGEB.DE.
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Drawdown Indicators
| PR1R.DE | VGEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.33% | -22.15% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -3.43% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -4.09% | -4.05% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -21.25% | -0.21% |
Current DrawdownCurrent decline from peak | -13.94% | -13.65% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -10.28% | -8.83% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.35% | 0.00% |
Volatility
PR1R.DE vs. VGEB.DE - Volatility Comparison
Amundi Prime Euro Govies UCITS ETF DR (D) (PR1R.DE) has a higher volatility of 1.78% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) at 1.63%. This indicates that PR1R.DE's price experiences larger fluctuations and is considered to be riskier than VGEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PR1R.DE | VGEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.63% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 3.47% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 4.16% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 6.32% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 5.52% | +0.40% |
PR1R.DE vs. VGEB.DE - Expense Ratio Comparison
PR1R.DE has a 0.05% expense ratio, which is lower than VGEB.DE's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PR1R.DE vs. VGEB.DE - Dividend Comparison
PR1R.DE's dividend yield for the trailing twelve months is around 2.72%, less than VGEB.DE's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PR1R.DE Amundi Prime Euro Govies UCITS ETF DR (D) | 2.72% | 2.72% | 2.08% | 1.90% | 1.87% | 1.55% | 1.66% | 1.05% | 0.00% | 0.00% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.89% | 2.88% | 2.56% | 1.96% | 0.66% | 0.08% | 0.19% | 0.74% | 0.80% | 0.09% |
Frequently Asked Questions
With a correlation of 0.97, PR1R.DE and VGEB.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, PR1R.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1R.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for VGEB.DE.
PR1R.DE tracks Solactive Eurozone Government Bond, while VGEB.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.05% for PR1R.DE and 0.07% for VGEB.DE.
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