PRAG.DE vs. SPFB.DE
PRAG.DE (Amundi Prime Global Govies UCITS ETF) and SPFB.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged) are both Global Bonds funds - PRAG.DE tracks the Solactive Global Developed Government Bond while SPFB.DE tracks the Bloomberg Global Aggregate Bond (GBP Hedged). Both are passively managed. Over the past 5 years, PRAG.DE returned -2.34%/yr vs 0.23%/yr for SPFB.DE. A 0.59 correlation means they provide meaningful diversification when combined. PRAG.DE charges 0.05%/yr vs 0.10%/yr for SPFB.DE.
Performance
PRAG.DE vs. SPFB.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 lower than SPFB.DE's 0.61% 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*
- —
SPFB.DE
- 1D
- 0.21%
- 1M
- 0.52%
- YTD
- 0.61%
- 6M
- 0.77%
- 1Y
- 3.39%
- 3Y*
- 3.94%
- 5Y*
- 0.23%
- 10Y*
- —
PRAG.DE vs. SPFB.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% |
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 0.61% | 4.84% | 2.82% | 5.74% | -12.07% | -1.58% | 3.70% |
Correlation
The correlation between PRAG.DE and SPFB.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
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 | 0.59 |
The correlation between PRAG.DE and SPFB.DE has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.
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Return for Risk
PRAG.DE vs. SPFB.DE — Risk / Return Rank
PRAG.DE
SPFB.DE
PRAG.DE vs. SPFB.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.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 | SPFB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.20 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.46 | -1.96 |
| Martin ratioReturn relative to average drawdown | -0.96 | 4.25 | -5.21 |
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 | SPFB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 1.12 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.05 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.34 | -0.64 |
Drawdowns
PRAG.DE vs. SPFB.DE - Drawdown Comparison
The maximum PRAG.DE drawdown since its inception was -23.63%, which is greater than SPFB.DE's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for PRAG.DE and SPFB.DE.
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Drawdown Indicators
| PRAG.DE | SPFB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.63% | -15.78% | -7.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.31% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -3.59% | -4.15% |
Max Drawdown (5Y)Largest decline over 5 years | -17.70% | -15.55% | -2.15% |
Current DrawdownCurrent decline from peak | -21.95% | -1.01% | -20.94% |
Average DrawdownAverage peak-to-trough decline | -15.85% | -4.52% | -11.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 0.79% | +0.73% |
Volatility
PRAG.DE vs. SPFB.DE - Volatility Comparison
The current volatility for Amundi Prime Global Govies UCITS ETF (PRAG.DE) is 1.17%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (SPFB.DE) has a volatility of 1.39%. This indicates that PRAG.DE experiences smaller price fluctuations and is considered to be less risky than SPFB.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 | SPFB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.39% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 2.47% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 3.01% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.71% | 4.35% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.87% | 3.84% | +4.03% |
PRAG.DE vs. SPFB.DE - Expense Ratio Comparison
PRAG.DE has a 0.05% expense ratio, which is lower than SPFB.DE's 0.10% 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. SPFB.DE - Dividend Comparison
PRAG.DE has not paid dividends to shareholders, while SPFB.DE's dividend yield for the trailing twelve months is around 3.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PRAG.DE Amundi Prime Global Govies UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPFB.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 3.09% | 3.07% | 2.70% | 1.91% | 1.48% | 1.18% | 1.51% | 1.70% | 0.88% |
Frequently Asked Questions
PRAG.DE and SPFB.DE have a correlation of 0.54, 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 0.10% for SPFB.DE.
PRAG.DE tracks Solactive Global Developed Government Bond, while SPFB.DE tracks Bloomberg Global Aggregate Bond (GBP Hedged). They also come from different issuers: Amundi and State Street. Their fees differ too: 0.05% for PRAG.DE and 0.10% for SPFB.DE.
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