PRAR.DE vs. LYXA.DE

Last updated Jun 5, 2026

PRAR.DE (Amundi Prime Euro Govies UCITS ETF) and LYXA.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc) are both European Government Bonds funds from Amundi - PRAR.DE tracks the Solactive Eurozone Government Bond while LYXA.DE tracks the MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR). Both are passively managed. Over the past 5 years, PRAR.DE returned -2.24%/yr vs -3.21%/yr for LYXA.DE. Their correlation of 0.89 suggests significant overlap in exposure. PRAR.DE charges 0.05%/yr vs 0.17%/yr for LYXA.DE.

Performance

PRAR.DE vs. LYXA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Prime Euro Govies UCITS ETF (PRAR.DE) and Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRAR.DE achieves a 0.07% return, which is significantly lower than LYXA.DE's 0.15% 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*: —

LYXA.DE

• 1D: 0.08%
• 1M: 0.42%
• YTD: 0.15%
• 6M: -0.10%
• 1Y: -1.02%
• 3Y*: 1.11%
• 5Y*: -3.21%
• 10Y*: -1.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRAR.DE vs. LYXA.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%
LYXA.DE Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc	0.15%	-1.00%	-0.16%	5.59%	-18.93%	-3.40%	2.76%

Correlation

The correlation between PRAR.DE and LYXA.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	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.89

The correlation between PRAR.DE and LYXA.DE has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

Return for Risk

PRAR.DE vs. LYXA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRAR.DE

PRAR.DE Risk / Return Rank: 9
PRAR.DE Sharpe Ratio Rank: 9
PRAR.DE Sortino Ratio Rank: 8
PRAR.DE Omega Ratio Rank: 8
PRAR.DE Calmar Ratio Rank: 9
PRAR.DE Martin Ratio Rank: 9

LYXA.DE

LYXA.DE Risk / Return Rank: 6
LYXA.DE Sharpe Ratio Rank: 7
LYXA.DE Sortino Ratio Rank: 6
LYXA.DE Omega Ratio Rank: 6
LYXA.DE Calmar Ratio Rank: 6
LYXA.DE Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRAR.DE vs. LYXA.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 Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.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	LYXA.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	-0.25	+0.24
Sortino ratio: Return per unit of downside risk	0.01	-0.33	+0.34
Omega ratio: Gain probability vs. loss probability	1.00	0.96	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.02	-0.33	+0.31
Martin ratio: Return relative to average drawdown	-0.05	-0.71	+0.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRAR.DE vs. LYXA.DE - Sharpe Ratio Comparison

The current PRAR.DE Sharpe Ratio is -0.01, which is higher than the LYXA.DE Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of PRAR.DE and LYXA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRAR.DE	LYXA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	-0.25	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	-0.50	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.28	0.25	-0.53

Drawdowns

PRAR.DE vs. LYXA.DE - Drawdown Comparison

The maximum PRAR.DE drawdown since its inception was -22.34%, smaller than the maximum LYXA.DE drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for PRAR.DE and LYXA.DE.

Drawdown Indicators

	PRAR.DE	LYXA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.34%	-25.02%	+2.68%
Max Drawdown (1Y) Largest decline over 1 year	-3.48%	-3.06%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-4.05%	-4.62%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	-21.49%	-22.76%	+1.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.02%	—
Current Drawdown Current decline from peak	-13.95%	-19.75%	+5.80%
Average Drawdown Average peak-to-trough decline	-11.58%	-8.80%	-2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	1.42%	-0.05%

Volatility

PRAR.DE vs. LYXA.DE - Volatility Comparison

Amundi Prime Euro Govies UCITS ETF (PRAR.DE) has a higher volatility of 1.75% compared to Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) at 1.61%. This indicates that PRAR.DE's price experiences larger fluctuations and is considered to be riskier than LYXA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRAR.DE	LYXA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.75%	1.61%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	3.67%	3.28%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	4.40%	4.03%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.22%	6.48%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.80%	5.78%	+0.02%

PRAR.DE vs. LYXA.DE - Expense Ratio Comparison

PRAR.DE has a 0.05% expense ratio, which is lower than LYXA.DE's 0.17% 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. LYXA.DE - Dividend Comparison

Neither PRAR.DE nor LYXA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PRAR.DE and LYXA.DE in my portfolio?

With a correlation of 0.95, PRAR.DE and LYXA.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.

Which ETF is better, PRAR.DE or LYXA.DE?

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.

Which ETF is cheaper, PRAR.DE or LYXA.DE?

PRAR.DE is cheaper with a 0.05% expense ratio, compared with 0.17% for LYXA.DE.

What is the main difference between PRAR.DE and LYXA.DE?

PRAR.DE tracks Solactive Eurozone Government Bond, while LYXA.DE tracks MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR). Their fees differ too: 0.05% for PRAR.DE and 0.17% for LYXA.DE.