PR1R.DE vs. XGEZ.DE
PR1R.DE (Amundi Prime Euro Govies UCITS ETF DR (D)) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds - PR1R.DE tracks the Solactive Eurozone Government Bond while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, PR1R.DE returned 2.33%/yr vs 1.19%/yr for XGEZ.DE. With a 0.98 correlation, they move nearly in lockstep. PR1R.DE charges 0.05%/yr vs 0.18%/yr for XGEZ.DE.
Performance
PR1R.DE vs. XGEZ.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 higher than XGEZ.DE's 0.02% 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*
- —
XGEZ.DE
- 1D
- 0.09%
- 1M
- 0.75%
- YTD
- 0.02%
- 6M
- -0.28%
- 1Y
- -1.58%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
PR1R.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PR1R.DE Amundi Prime Euro Govies UCITS ETF DR (D) | 0.09% | 0.65% | 1.46% | 6.92% | -0.09% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 0.02% | -2.16% | -0.51% | 8.88% | 0.10% |
Correlation
The correlation between PR1R.DE and XGEZ.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.98 |
The correlation between PR1R.DE and XGEZ.DE has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
PR1R.DE vs. XGEZ.DE — Risk / Return Rank
PR1R.DE
XGEZ.DE
PR1R.DE vs. XGEZ.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 Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.96 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.34 | +0.30 |
| Martin ratioReturn relative to average drawdown | -0.08 | -0.72 | +0.64 |
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 | XGEZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.25 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.17 | -0.26 |
Drawdowns
PR1R.DE vs. XGEZ.DE - Drawdown Comparison
The maximum PR1R.DE drawdown since its inception was -22.33%, which is greater than XGEZ.DE's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for PR1R.DE and XGEZ.DE.
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Drawdown Indicators
| PR1R.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.33% | -13.63% | -8.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -4.70% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -4.09% | -7.89% | +3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | — | — |
Current DrawdownCurrent decline from peak | -13.94% | -5.48% | -8.46% |
Average DrawdownAverage peak-to-trough decline | -10.28% | -5.39% | -4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 2.20% | -0.85% |
Volatility
PR1R.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for Amundi Prime Euro Govies UCITS ETF DR (D) (PR1R.DE) is 1.78%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 2.47%. This indicates that PR1R.DE experiences smaller price fluctuations and is considered to be less risky than XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 2.47% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 5.12% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 6.41% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 9.92% | -3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 9.92% | -4.00% |
PR1R.DE vs. XGEZ.DE - Expense Ratio Comparison
PR1R.DE has a 0.05% expense ratio, which is lower than XGEZ.DE's 0.18% 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. XGEZ.DE - Dividend Comparison
PR1R.DE's dividend yield for the trailing twelve months is around 2.72%, more than XGEZ.DE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.10% | 1.99% | 2.07% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, PR1R.DE and XGEZ.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 0.18% for XGEZ.DE.
PR1R.DE tracks Solactive Eurozone Government Bond, while XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.05% for PR1R.DE and 0.18% for XGEZ.DE.
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