PRAG.DE vs. VAGE.DE

Last updated Jun 5, 2026

PRAG.DE (Amundi Prime Global Govies UCITS ETF) and VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) are both Global Bonds funds - PRAG.DE tracks the Solactive Global Developed Government Bond while VAGE.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, PRAG.DE returned -2.34%/yr vs -1.65%/yr for VAGE.DE. A 0.56 correlation means they provide meaningful diversification when combined. PRAG.DE charges 0.05%/yr vs 0.10%/yr for VAGE.DE.

Performance

PRAG.DE vs. VAGE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Prime Global Govies UCITS ETF (PRAG.DE) and Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRAG.DE achieves a 0.07% return, which is significantly higher than VAGE.DE's -0.58% 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*: —

VAGE.DE

• 1D: 0.10%
• 1M: 0.16%
• YTD: -0.58%
• 6M: -0.57%
• 1Y: 1.21%
• 3Y*: 2.06%
• 5Y*: -1.65%
• 10Y*: —

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

PRAG.DE vs. VAGE.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%
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist	-0.58%	3.25%	0.73%	4.48%	-14.75%	-2.80%	4.05%

Correlation

The correlation between PRAG.DE and VAGE.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.56

The correlation between PRAG.DE and VAGE.DE shifts across timeframes, from 0.49 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PRAG.DE vs. VAGE.DE — Risk / Return Rank

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

PRAG.DE

PRAG.DE Risk / Return Rank: 5
PRAG.DE Sharpe Ratio Rank: 6
PRAG.DE Sortino Ratio Rank: 5
PRAG.DE Omega Ratio Rank: 5
PRAG.DE Calmar Ratio Rank: 5
PRAG.DE Martin Ratio Rank: 5

VAGE.DE

VAGE.DE Risk / Return Rank: 14
VAGE.DE Sharpe Ratio Rank: 14
VAGE.DE Sortino Ratio Rank: 13
VAGE.DE Omega Ratio Rank: 13
VAGE.DE Calmar Ratio Rank: 14
VAGE.DE Martin Ratio Rank: 14

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.

PRAG.DE vs. VAGE.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 Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.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	VAGE.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	0.34	-0.67
Sortino ratio: Return per unit of downside risk	-0.43	0.50	-0.94
Omega ratio: Gain probability vs. loss probability	0.95	1.06	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.50	0.38	-0.89
Martin ratio: Return relative to average drawdown	-0.96	1.08	-2.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRAG.DE vs. VAGE.DE - Sharpe Ratio Comparison

The current PRAG.DE Sharpe Ratio is -0.33, which is lower than the VAGE.DE Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of PRAG.DE and VAGE.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

	PRAG.DE	VAGE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.33	0.34	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	-0.35	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	-0.19	-0.11

Drawdowns

PRAG.DE vs. VAGE.DE - Drawdown Comparison

The maximum PRAG.DE drawdown since its inception was -23.63%, which is greater than VAGE.DE's maximum drawdown of -19.43%. Use the drawdown chart below to compare losses from any high point for PRAG.DE and VAGE.DE.

Drawdown Indicators

	PRAG.DE	VAGE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.63%	-19.43%	-4.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.91%	-3.14%	+0.23%
Max Drawdown (3Y) Largest decline over 3 years	-7.74%	-4.34%	-3.40%
Max Drawdown (5Y) Largest decline over 5 years	-17.70%	-18.63%	+0.93%
Current Drawdown Current decline from peak	-21.95%	-10.62%	-11.33%
Average Drawdown Average peak-to-trough decline	-15.85%	-8.88%	-6.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	1.12%	+0.40%

Volatility

PRAG.DE vs. VAGE.DE - Volatility Comparison

The current volatility for Amundi Prime Global Govies UCITS ETF (PRAG.DE) is 1.17%, while Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) has a volatility of 1.42%. This indicates that PRAG.DE experiences smaller price fluctuations and is considered to be less risky than VAGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRAG.DE	VAGE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	1.42%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	3.27%	2.96%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	4.41%	3.57%	+0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.71%	4.69%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.87%	4.49%	+3.38%

PRAG.DE vs. VAGE.DE - Expense Ratio Comparison

PRAG.DE has a 0.05% expense ratio, which is lower than VAGE.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. VAGE.DE - Dividend Comparison

PRAG.DE has not paid dividends to shareholders, while VAGE.DE's dividend yield for the trailing twelve months is around 3.60%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
PRAG.DE Amundi Prime Global Govies UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist	3.60%	3.51%	3.13%	2.39%	1.47%	0.87%	1.20%	0.60%

Frequently Asked Questions

Can I hold both PRAG.DE and VAGE.DE in my portfolio?

PRAG.DE and VAGE.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRAG.DE or VAGE.DE?

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.

Which ETF is cheaper, PRAG.DE or VAGE.DE?

PRAG.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for VAGE.DE.

What is the main difference between PRAG.DE and VAGE.DE?

PRAG.DE tracks Solactive Global Developed Government Bond, while VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.05% for PRAG.DE and 0.10% for VAGE.DE.