PRAR.DE vs. SPYL.DE
PRAR.DE (Amundi Prime Euro Govies UCITS ETF) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - PRAR.DE is a European Government Bonds fund tracking the Solactive Eurozone Government Bond, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, PRAR.DE returned 0.22% vs 25.70% for SPYL.DE. At a 0.09 correlation, their price movements are largely independent. PRAR.DE charges 0.05%/yr vs 0.03%/yr for SPYL.DE.
Performance
PRAR.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAR.DE achieves a -0.33% return, which is significantly lower than SPYL.DE's 13.18% return.
PRAR.DE
- 1D
- -0.17%
- 1M
- -1.10%
- 6M
- -1.10%
- YTD
- -0.33%
- 1Y
- 0.22%
- 3Y*
- 2.25%
- 5Y*
- -2.60%
- 10Y*
- —
SPYL.DE
- 1D
- 0.00%
- 1M
- 1.77%
- 6M
- 10.59%
- YTD
- 13.18%
- 1Y
- 25.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRAR.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PRAR.DE Amundi Prime Euro Govies UCITS ETF | -0.33% | 0.61% | 1.42% | 6.64% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 13.18% | 4.71% | 32.33% | 8.23% |
Correlation
The correlation between PRAR.DE and SPYL.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.09 |
The correlation between PRAR.DE and SPYL.DE shifts across timeframes, from 0.09 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PRAR.DE vs. SPYL.DE — Risk / Return Rank
PRAR.DE
SPYL.DE
PRAR.DE vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRAR.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.40 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 3.62 | -3.56 |
| Martin ratioReturn relative to average drawdown | 0.15 | 12.73 | -12.58 |
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Drawdowns
PRAR.DE vs. SPYL.DE - Drawdown Comparison
The maximum PRAR.DE drawdown since its inception was -22.33%, roughly equal to the maximum SPYL.DE drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for PRAR.DE and SPYL.DE.
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Drawdown Indicators
| PRAR.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.33% | -23.27% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -7.13% | +3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | — | — |
Current DrawdownCurrent decline from peak | -14.31% | -0.15% | -14.16% |
Average DrawdownAverage peak-to-trough decline | -11.61% | -3.26% | -8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 2.02% | -0.56% |
Volatility
PRAR.DE vs. SPYL.DE - Volatility Comparison
The current volatility for Amundi Prime Euro Govies UCITS ETF (PRAR.DE) is 1.23%, while State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) has a volatility of 2.79%. This indicates that PRAR.DE experiences smaller price fluctuations and is considered to be less risky than SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 2.79% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 7.98% | -4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.45% | 11.98% | -7.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 14.92% | -8.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 14.92% | -9.01% |
PRAR.DE vs. SPYL.DE - Expense Ratio Comparison
PRAR.DE has a 0.05% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, 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. SPYL.DE - Dividend Comparison
Neither PRAR.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
PRAR.DE and SPYL.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.05% for PRAR.DE.
PRAR.DE is categorized as European Government Bonds, while SPYL.DE is S&P 500. PRAR.DE tracks Solactive Eurozone Government Bond, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.05% for PRAR.DE and 0.03% for SPYL.DE.
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