PRAR.DE vs. EUNH.DE
PRAR.DE (Amundi Prime Euro Govies UCITS ETF) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - PRAR.DE tracks the Solactive Eurozone Government Bond while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, PRAR.DE returned -2.24%/yr vs -2.27%/yr for EUNH.DE. Their correlation of 0.91 suggests significant overlap in exposure. PRAR.DE charges 0.05%/yr vs 0.07%/yr for EUNH.DE.
Performance
PRAR.DE vs. EUNH.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 EUNH.DE's -0.06% 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*
- —
EUNH.DE
- 1D
- 0.04%
- 1M
- 0.49%
- YTD
- -0.06%
- 6M
- 0.02%
- 1Y
- -0.11%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
PRAR.DE vs. EUNH.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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 3.97% |
Correlation
The correlation between PRAR.DE and EUNH.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.91 |
The correlation between PRAR.DE and EUNH.DE has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
PRAR.DE vs. EUNH.DE — Risk / Return Rank
PRAR.DE
EUNH.DE
PRAR.DE vs. EUNH.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 iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.03 | +0.01 |
| Martin ratioReturn relative to average drawdown | -0.05 | -0.08 | +0.03 |
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 | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.02 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | -0.35 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 0.25 | -0.53 |
Drawdowns
PRAR.DE vs. EUNH.DE - Drawdown Comparison
The maximum PRAR.DE drawdown since its inception was -22.34%, roughly equal to the maximum EUNH.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for PRAR.DE and EUNH.DE.
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Drawdown Indicators
| PRAR.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -22.43% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -3.48% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -4.10% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -21.53% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.43% | — |
Current DrawdownCurrent decline from peak | -13.95% | -14.10% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -11.58% | -5.97% | -5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.35% | +0.02% |
Volatility
PRAR.DE vs. EUNH.DE - Volatility Comparison
Amundi Prime Euro Govies UCITS ETF (PRAR.DE) and iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) have volatilities of 1.75% and 1.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAR.DE | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.72% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 3.70% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 4.37% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 6.34% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.80% | 5.52% | +0.28% |
PRAR.DE vs. EUNH.DE - Expense Ratio Comparison
PRAR.DE has a 0.05% expense ratio, which is lower than EUNH.DE's 0.07% 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. EUNH.DE - Dividend Comparison
PRAR.DE has not paid dividends to shareholders, while EUNH.DE's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.49% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
PRAR.DE Amundi Prime Euro Govies UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, PRAR.DE and EUNH.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.07% for EUNH.DE.
PRAR.DE tracks Solactive Eurozone Government Bond, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for PRAR.DE and 0.07% for EUNH.DE.
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