PRAG.DE vs. XZEG.DE
PRAG.DE (Amundi Prime Global Govies UCITS ETF) and XZEG.DE (Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged) are both Global Bonds funds - PRAG.DE tracks the Solactive Global Developed Government Bond while XZEG.DE tracks the FTSE ESG Select World Government Bond Developed Markets (EUR Hedged). Both are passively managed. Over the past 3 years, PRAG.DE returned -0.93%/yr vs 0.67%/yr for XZEG.DE. A 0.69 correlation means they provide meaningful diversification when combined. PRAG.DE charges 0.05%/yr vs 0.25%/yr for XZEG.DE.
Performance
PRAG.DE vs. XZEG.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRAG.DE achieves a 0.07% return, which is significantly higher than XZEG.DE's -0.85% 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*
- —
XZEG.DE
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- -0.85%
- 6M
- -0.99%
- 1Y
- -0.59%
- 3Y*
- 0.67%
- 5Y*
- —
- 10Y*
- —
PRAG.DE vs. XZEG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PRAG.DE Amundi Prime Global Govies UCITS ETF | 0.07% | -4.82% | 2.27% | 1.13% | -13.23% | -1.42% |
XZEG.DE Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged | -0.85% | 0.96% | -1.08% | 3.63% | -17.03% | -1.50% |
Correlation
The correlation between PRAG.DE and XZEG.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.69 |
The correlation between PRAG.DE and XZEG.DE shifts across timeframes, from 0.57 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRAG.DE vs. XZEG.DE — Risk / Return Rank
PRAG.DE
XZEG.DE
PRAG.DE vs. XZEG.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 Government Bond UCITS ETF 4D EUR Hedged (XZEG.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 | XZEG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.98 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.16 | -0.34 |
| Martin ratioReturn relative to average drawdown | -0.96 | -0.44 | -0.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PRAG.DE | XZEG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | -0.16 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | -0.66 | +0.36 |
Drawdowns
PRAG.DE vs. XZEG.DE - Drawdown Comparison
The maximum PRAG.DE drawdown since its inception was -23.63%, which is greater than XZEG.DE's maximum drawdown of -21.14%. Use the drawdown chart below to compare losses from any high point for PRAG.DE and XZEG.DE.
Loading charts...
Drawdown Indicators
| PRAG.DE | XZEG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.63% | -21.14% | -2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.70% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -4.32% | -3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.70% | — | — |
Current DrawdownCurrent decline from peak | -21.95% | -16.14% | -5.81% |
Average DrawdownAverage peak-to-trough decline | -15.85% | -15.25% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.34% | +0.18% |
Volatility
PRAG.DE vs. XZEG.DE - Volatility Comparison
The current volatility for Amundi Prime Global Govies UCITS ETF (PRAG.DE) is 1.17%, while Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged (XZEG.DE) has a volatility of 1.42%. This indicates that PRAG.DE experiences smaller price fluctuations and is considered to be less risky than XZEG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PRAG.DE | XZEG.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% | 2.94% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 3.62% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.71% | 5.79% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.87% | 5.79% | +2.08% |
PRAG.DE vs. XZEG.DE - Expense Ratio Comparison
PRAG.DE has a 0.05% expense ratio, which is lower than XZEG.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. XZEG.DE - Dividend Comparison
PRAG.DE has not paid dividends to shareholders, while XZEG.DE's dividend yield for the trailing twelve months is around 2.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PRAG.DE Amundi Prime Global Govies UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XZEG.DE Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged | 2.53% | 2.40% | 2.55% | 1.67% | 1.10% |
Frequently Asked Questions
PRAG.DE and XZEG.DE have a correlation of 0.57, 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 XZEG.DE.
PRAG.DE tracks Solactive Global Developed Government Bond, while XZEG.DE tracks FTSE ESG Select 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 XZEG.DE.
Find the right allocation for PRAG.DE and XZEG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer