PRAR.DE vs. IBCN.DE
PRAR.DE (Amundi Prime Euro Govies UCITS ETF) and IBCN.DE (iShares Euro Government Bond 3-5yr UCITS ETF) are both European Government Bonds funds - PRAR.DE tracks the Solactive Eurozone Government Bond while IBCN.DE tracks the Bloomberg Euro Government Bond 5. Both are passively managed. Over the past 5 years, PRAR.DE returned -2.24%/yr vs -0.39%/yr for IBCN.DE. Their correlation of 0.86 suggests significant overlap in exposure. PRAR.DE charges 0.05%/yr vs 0.15%/yr for IBCN.DE.
Performance
PRAR.DE vs. IBCN.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 IBCN.DE's 0.05% 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*
- —
IBCN.DE
- 1D
- 0.06%
- 1M
- 0.33%
- YTD
- 0.05%
- 6M
- -0.17%
- 1Y
- 0.35%
- 3Y*
- 2.68%
- 5Y*
- -0.39%
- 10Y*
- 0.17%
PRAR.DE vs. IBCN.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% |
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 0.05% | 2.24% | 2.15% | 5.23% | -10.13% | -1.37% | 1.01% |
Correlation
The correlation between PRAR.DE and IBCN.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.86 |
The correlation between PRAR.DE and IBCN.DE has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
PRAR.DE vs. IBCN.DE — Risk / Return Rank
PRAR.DE
IBCN.DE
PRAR.DE vs. IBCN.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 Euro Government Bond 3-5yr UCITS ETF (IBCN.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 | IBCN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.14 | -0.16 |
| Martin ratioReturn relative to average drawdown | -0.05 | 0.40 | -0.45 |
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 | IBCN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.14 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | -0.11 | -0.25 |
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 | 0.45 | -0.73 |
Drawdowns
PRAR.DE vs. IBCN.DE - Drawdown Comparison
The maximum PRAR.DE drawdown since its inception was -22.34%, which is greater than IBCN.DE's maximum drawdown of -12.52%. Use the drawdown chart below to compare losses from any high point for PRAR.DE and IBCN.DE.
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Drawdown Indicators
| PRAR.DE | IBCN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -12.52% | -9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -2.41% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -2.41% | -1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -12.15% | -9.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.52% | — |
Current DrawdownCurrent decline from peak | -13.95% | -2.93% | -11.02% |
Average DrawdownAverage peak-to-trough decline | -11.58% | -2.32% | -9.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.86% | +0.51% |
Volatility
PRAR.DE vs. IBCN.DE - Volatility Comparison
Amundi Prime Euro Govies UCITS ETF (PRAR.DE) has a higher volatility of 1.75% compared to iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) at 0.91%. This indicates that PRAR.DE's price experiences larger fluctuations and is considered to be riskier than IBCN.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 | IBCN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 0.91% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 2.24% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 2.53% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 3.63% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.80% | 2.96% | +2.84% |
PRAR.DE vs. IBCN.DE - Expense Ratio Comparison
PRAR.DE has a 0.05% expense ratio, which is lower than IBCN.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. IBCN.DE - Dividend Comparison
PRAR.DE has not paid dividends to shareholders, while IBCN.DE's dividend yield for the trailing twelve months is around 2.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 2.44% | 2.51% | 2.61% | 0.80% | 0.00% | 0.00% | 0.00% | 0.07% | 0.12% | 0.08% | 0.13% | 0.61% |
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
PRAR.DE and IBCN.DE have a correlation of 0.87, 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 IBCN.DE.
PRAR.DE tracks Solactive Eurozone Government Bond, while IBCN.DE tracks Bloomberg Euro Government Bond 5. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for PRAR.DE and 0.15% for IBCN.DE.
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