PRAB.DE vs. EL4S.DE

Last updated Jun 5, 2026

PRAB.DE (Amundi Prime Euro Government Bonds 0-1Y UCITS ETF) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both European Government Bonds funds - PRAB.DE tracks the Solactive Eurozone Government Bond 0-1 Year while EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3. Both are passively managed. Over the past 5 years, PRAB.DE returned 1.66%/yr vs 0.36%/yr for EL4S.DE. At a 0.32 correlation, their price movements are largely independent. PRAB.DE charges 0.05%/yr vs 0.15%/yr for EL4S.DE.

Performance

PRAB.DE vs. EL4S.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Prime Euro Government Bonds 0-1Y UCITS ETF (PRAB.DE) and Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRAB.DE achieves a 0.87% return, which is significantly higher than EL4S.DE's 0.11% return.

PRAB.DE

• 1D: 0.06%
• 1M: 0.23%
• YTD: 0.87%
• 6M: 0.92%
• 1Y: 1.89%
• 3Y*: 2.84%
• 5Y*: 1.66%
• 10Y*: —

EL4S.DE

• 1D: 0.02%
• 1M: 0.23%
• YTD: 0.11%
• 6M: 0.14%
• 1Y: 0.60%
• 3Y*: 2.24%
• 5Y*: 0.36%
• 10Y*: -0.20%

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

PRAB.DE vs. EL4S.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PRAB.DE Amundi Prime Euro Government Bonds 0-1Y UCITS ETF	0.87%	2.18%	3.56%	2.85%	-0.79%	-0.60%	-0.12%
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF	0.11%	1.65%	2.75%	2.51%	-4.56%	-0.97%	-0.31%

Correlation

The correlation between PRAB.DE and EL4S.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Oct 30, 2020	0.32

Return for Risk

PRAB.DE vs. EL4S.DE — Risk / Return Rank

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

PRAB.DE

PRAB.DE Risk / Return Rank: 95
PRAB.DE Sharpe Ratio Rank: 91
PRAB.DE Sortino Ratio Rank: 94
PRAB.DE Omega Ratio Rank: 94
PRAB.DE Calmar Ratio Rank: 97
PRAB.DE Martin Ratio Rank: 98

EL4S.DE

EL4S.DE Risk / Return Rank: 17
EL4S.DE Sharpe Ratio Rank: 18
EL4S.DE Sortino Ratio Rank: 17
EL4S.DE Omega Ratio Rank: 17
EL4S.DE Calmar Ratio Rank: 16
EL4S.DE Martin Ratio Rank: 18

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.

PRAB.DE vs. EL4S.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Euro Government Bonds 0-1Y UCITS ETF (PRAB.DE) and Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.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.

	PRAB.DE	EL4S.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.12	0.54	+2.58
Sortino ratio: Return per unit of downside risk	4.95	0.80	+4.16
Omega ratio: Gain probability vs. loss probability	1.67	1.10	+0.57
Calmar ratio: Return relative to maximum drawdown	10.66	0.58	+10.08
Martin ratio: Return relative to average drawdown	51.86	1.87	+50.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRAB.DE vs. EL4S.DE - Sharpe Ratio Comparison

The current PRAB.DE Sharpe Ratio is 3.12, which is higher than the EL4S.DE Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of PRAB.DE and EL4S.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

	PRAB.DE	EL4S.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	0.54	+2.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.14	0.24	+2.90
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	-0.30	+3.14

Drawdowns

PRAB.DE vs. EL4S.DE - Drawdown Comparison

The maximum PRAB.DE drawdown since its inception was -1.67%, smaller than the maximum EL4S.DE drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for PRAB.DE and EL4S.DE.

Drawdown Indicators

	PRAB.DE	EL4S.DE	Difference
Max Drawdown Largest peak-to-trough decline	-1.67%	-13.04%	+11.37%
Max Drawdown (1Y) Largest decline over 1 year	-0.18%	-1.03%	+0.85%
Max Drawdown (3Y) Largest decline over 3 years	-0.18%	-1.03%	+0.85%
Max Drawdown (5Y) Largest decline over 5 years	-1.30%	-5.86%	+4.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-9.46%	—
Current Drawdown Current decline from peak	0.00%	-6.04%	+6.04%
Average Drawdown Average peak-to-trough decline	-0.41%	-5.87%	+5.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.04%	0.32%	-0.28%

Volatility

PRAB.DE vs. EL4S.DE - Volatility Comparison

The current volatility for Amundi Prime Euro Government Bonds 0-1Y UCITS ETF (PRAB.DE) is 0.22%, while Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) has a volatility of 0.44%. This indicates that PRAB.DE experiences smaller price fluctuations and is considered to be less risky than EL4S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRAB.DE	EL4S.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.22%	0.44%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	0.52%	0.97%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	0.60%	1.10%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.55%	1.46%	-0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.55%	1.12%	-0.57%

PRAB.DE vs. EL4S.DE - Expense Ratio Comparison

PRAB.DE has a 0.05% expense ratio, which is lower than EL4S.DE's 0.15% 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

PRAB.DE vs. EL4S.DE - Dividend Comparison

PRAB.DE has not paid dividends to shareholders, while EL4S.DE's dividend yield for the trailing twelve months is around 1.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF	1.48%	1.20%	0.83%	0.60%	0.88%	0.94%	0.78%	1.06%	0.99%	1.63%	1.46%	1.60%
PRAB.DE Amundi Prime Euro Government Bonds 0-1Y 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

Can I hold both PRAB.DE and EL4S.DE in my portfolio?

PRAB.DE and EL4S.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRAB.DE or EL4S.DE?

On fees, PRAB.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, PRAB.DE or EL4S.DE?

PRAB.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for EL4S.DE.

What is the main difference between PRAB.DE and EL4S.DE?

PRAB.DE tracks Solactive Eurozone Government Bond 0-1 Year, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3. They also come from different issuers: Amundi and Deka. Their fees differ too: 0.05% for PRAB.DE and 0.15% for EL4S.DE.