PRAR.DE vs. DBXP.DE
PRAR.DE (Amundi Prime Euro Govies UCITS ETF) and DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - PRAR.DE tracks the Solactive Eurozone Government Bond while DBXP.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 5 years, PRAR.DE returned -2.24%/yr vs 0.67%/yr for DBXP.DE. A 0.73 correlation means they provide meaningful diversification when combined. PRAR.DE charges 0.05%/yr vs 0.15%/yr for DBXP.DE.
Performance
PRAR.DE vs. DBXP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAR.DE achieves a 0.07% return, which is significantly higher than DBXP.DE's 0.04% return.
PRAR.DE
- 1D
- 0.09%
- 1M
- 0.61%
- YTD
- 0.07%
- 6M
- -0.03%
- 1Y
- -0.06%
- 3Y*
- 2.33%
- 5Y*
- -2.24%
- 10Y*
- —
DBXP.DE
- 1D
- 0.04%
- 1M
- 0.20%
- YTD
- 0.04%
- 6M
- 0.12%
- 1Y
- 0.80%
- 3Y*
- 2.61%
- 5Y*
- 0.67%
- 10Y*
- 0.22%
PRAR.DE vs. DBXP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRAR.DE Amundi Prime Euro Govies UCITS ETF | 0.07% | 0.65% | 1.42% | 6.88% | -18.24% | -3.08% | 4.14% |
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.04% | 2.21% | 2.99% | 3.41% | -4.59% | -0.85% | 0.00% |
Correlation
The correlation between PRAR.DE and DBXP.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.73 |
The correlation between PRAR.DE and DBXP.DE has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
PRAR.DE vs. DBXP.DE — Risk / Return Rank
PRAR.DE
DBXP.DE
PRAR.DE vs. DBXP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Euro Govies UCITS ETF (PRAR.DE) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.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.
| PRAR.DE | DBXP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.13 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.64 | -0.66 |
| Martin ratioReturn relative to average drawdown | -0.05 | 2.08 | -2.12 |
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
| PRAR.DE | DBXP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.65 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.40 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 0.56 | -0.84 |
Drawdowns
PRAR.DE vs. DBXP.DE - Drawdown Comparison
The maximum PRAR.DE drawdown since its inception was -22.34%, which is greater than DBXP.DE's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for PRAR.DE and DBXP.DE.
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Drawdown Indicators
| PRAR.DE | DBXP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -6.77% | -15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -1.24% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -1.24% | -2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -5.67% | -15.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.77% | — |
Current DrawdownCurrent decline from peak | -13.95% | -0.55% | -13.40% |
Average DrawdownAverage peak-to-trough decline | -11.58% | -1.00% | -10.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.39% | +0.98% |
Volatility
PRAR.DE vs. DBXP.DE - Volatility Comparison
Amundi Prime Euro Govies UCITS ETF (PRAR.DE) has a higher volatility of 1.75% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) at 0.46%. This indicates that PRAR.DE's price experiences larger fluctuations and is considered to be riskier than DBXP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAR.DE | DBXP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 0.46% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 1.11% | +2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 1.22% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 1.65% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.80% | 1.80% | +4.00% |
PRAR.DE vs. DBXP.DE - Expense Ratio Comparison
PRAR.DE has a 0.05% expense ratio, which is lower than DBXP.DE's 0.15% 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
PRAR.DE vs. DBXP.DE - Dividend Comparison
Neither PRAR.DE nor DBXP.DE has paid dividends to shareholders.
Frequently Asked Questions
PRAR.DE and DBXP.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAR.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAR.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for DBXP.DE.
PRAR.DE tracks Solactive Eurozone Government Bond, while DBXP.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.05% for PRAR.DE and 0.15% for DBXP.DE.
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