PRAG.DE vs. DBZB.DE
PRAG.DE (Amundi Prime Global Govies UCITS ETF) and DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) are both Global Bonds funds - PRAG.DE tracks the Solactive Global Developed Government Bond while DBZB.DE tracks the FTSE World Government Bond - Developed Markets (EUR Hedged). Both are passively managed. Over the past 5 years, PRAG.DE returned -2.34%/yr vs -2.54%/yr for DBZB.DE. A 0.58 correlation means they provide meaningful diversification when combined. PRAG.DE charges 0.05%/yr vs 0.25%/yr for DBZB.DE.
Performance
PRAG.DE vs. DBZB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAG.DE achieves a 0.07% return, which is significantly higher than DBZB.DE's -0.71% return.
PRAG.DE
- 1D
- -0.04%
- 1M
- 0.31%
- YTD
- 0.07%
- 6M
- -0.49%
- 1Y
- -1.47%
- 3Y*
- -0.93%
- 5Y*
- -2.34%
- 10Y*
- —
DBZB.DE
- 1D
- 0.15%
- 1M
- 0.28%
- YTD
- -0.71%
- 6M
- -1.15%
- 1Y
- -0.05%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
PRAG.DE vs. DBZB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRAG.DE Amundi Prime Global Govies UCITS ETF | 0.07% | -4.82% | 2.27% | 1.13% | -13.23% | 0.83% | -0.63% |
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.71% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 3.76% |
Correlation
The correlation between PRAG.DE and DBZB.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.58 |
The correlation between PRAG.DE and DBZB.DE shifts across timeframes, from 0.45 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PRAG.DE vs. DBZB.DE — Risk / Return Rank
PRAG.DE
DBZB.DE
PRAG.DE vs. DBZB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Global Govies UCITS ETF (PRAG.DE) and Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.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.
| PRAG.DE | DBZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.00 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.01 | -0.49 |
| Martin ratioReturn relative to average drawdown | -0.96 | -0.04 | -0.92 |
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
| PRAG.DE | DBZB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | -0.01 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.47 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.22 | -0.52 |
Drawdowns
PRAG.DE vs. DBZB.DE - Drawdown Comparison
The maximum PRAG.DE drawdown since its inception was -23.63%, which is greater than DBZB.DE's maximum drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for PRAG.DE and DBZB.DE.
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Drawdown Indicators
| PRAG.DE | DBZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.63% | -21.88% | -1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.52% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -5.14% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -17.70% | -19.51% | +1.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.88% | — |
Current DrawdownCurrent decline from peak | -21.95% | -16.44% | -5.51% |
Average DrawdownAverage peak-to-trough decline | -15.85% | -5.97% | -9.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.26% | +0.26% |
Volatility
PRAG.DE vs. DBZB.DE - Volatility Comparison
The current volatility for Amundi Prime Global Govies UCITS ETF (PRAG.DE) is 1.17%, while Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) has a volatility of 1.48%. This indicates that PRAG.DE experiences smaller price fluctuations and is considered to be less risky than DBZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAG.DE | DBZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.48% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 3.06% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 3.86% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.71% | 5.37% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.87% | 4.74% | +3.13% |
PRAG.DE vs. DBZB.DE - Expense Ratio Comparison
PRAG.DE has a 0.05% expense ratio, which is lower than DBZB.DE's 0.25% 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
PRAG.DE vs. DBZB.DE - Dividend Comparison
Neither PRAG.DE nor DBZB.DE has paid dividends to shareholders.
Frequently Asked Questions
PRAG.DE and DBZB.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAG.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAG.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for DBZB.DE.
PRAG.DE tracks Solactive Global Developed Government Bond, while DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged). They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.05% for PRAG.DE and 0.25% for DBZB.DE.
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