PRAG.DE vs. XBAE.DE
PRAG.DE (Amundi Prime Global Govies UCITS ETF) and XBAE.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged) are both Global Bonds funds - PRAG.DE tracks the Solactive Global Developed Government Bond while XBAE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). Both are passively managed. Over the past 5 years, PRAG.DE returned -2.34%/yr vs -1.74%/yr for XBAE.DE. A 0.51 correlation means they provide meaningful diversification when combined. PRAG.DE charges 0.05%/yr vs 0.10%/yr for XBAE.DE.
Performance
PRAG.DE vs. XBAE.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 XBAE.DE's -0.55% 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*
- —
XBAE.DE
- 1D
- 0.05%
- 1M
- 0.08%
- YTD
- -0.55%
- 6M
- -0.69%
- 1Y
- 0.93%
- 3Y*
- 1.72%
- 5Y*
- -1.74%
- 10Y*
- -0.46%
PRAG.DE vs. XBAE.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% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | -0.55% | 2.65% | 0.52% | 4.36% | -14.60% | -2.16% | 3.10% |
Correlation
The correlation between PRAG.DE and XBAE.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.51 |
The correlation between PRAG.DE and XBAE.DE has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
PRAG.DE vs. XBAE.DE — Risk / Return Rank
PRAG.DE
XBAE.DE
PRAG.DE vs. XBAE.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 ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.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 | XBAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.05 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.30 | -0.80 |
| Martin ratioReturn relative to average drawdown | -0.96 | 0.83 | -1.80 |
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 | XBAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 0.27 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.35 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.08 | -0.38 |
Drawdowns
PRAG.DE vs. XBAE.DE - Drawdown Comparison
The maximum PRAG.DE drawdown since its inception was -23.63%, which is greater than XBAE.DE's maximum drawdown of -19.04%. Use the drawdown chart below to compare losses from any high point for PRAG.DE and XBAE.DE.
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Drawdown Indicators
| PRAG.DE | XBAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.63% | -19.04% | -4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.11% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -4.58% | -3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -17.70% | -18.29% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.04% | — |
Current DrawdownCurrent decline from peak | -21.95% | -10.88% | -11.07% |
Average DrawdownAverage peak-to-trough decline | -15.85% | -5.91% | -9.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.11% | +0.41% |
Volatility
PRAG.DE vs. XBAE.DE - Volatility Comparison
The current volatility for Amundi Prime Global Govies UCITS ETF (PRAG.DE) is 1.17%, while Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) has a volatility of 1.32%. This indicates that PRAG.DE experiences smaller price fluctuations and is considered to be less risky than XBAE.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 | XBAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.32% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 2.86% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 3.46% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.71% | 5.00% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.87% | 4.63% | +3.24% |
PRAG.DE vs. XBAE.DE - Expense Ratio Comparison
PRAG.DE has a 0.05% expense ratio, which is lower than XBAE.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. XBAE.DE - Dividend Comparison
Neither PRAG.DE nor XBAE.DE has paid dividends to shareholders.
Frequently Asked Questions
PRAG.DE and XBAE.DE have a correlation of 0.52, 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 XBAE.DE.
PRAG.DE tracks Solactive Global Developed Government Bond, while XBAE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged). They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.05% for PRAG.DE and 0.10% for XBAE.DE.
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