PRAR.DE vs. X710.DE
PRAR.DE (Amundi Prime Euro Govies UCITS ETF) and X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) are both European Government Bonds funds - PRAR.DE tracks the Solactive Eurozone Government Bond while X710.DE tracks the Markit iBoxx® EUR Eurozone 7-10. Both are passively managed. Over the past 5 years, PRAR.DE returned -2.24%/yr vs -2.29%/yr for X710.DE. Their correlation of 0.92 suggests significant overlap in exposure. PRAR.DE charges 0.05%/yr vs 0.15%/yr for X710.DE.
Performance
PRAR.DE vs. X710.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 lower than X710.DE's 0.09% 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*
- —
X710.DE
- 1D
- 0.11%
- 1M
- 0.63%
- YTD
- 0.09%
- 6M
- -0.04%
- 1Y
- 0.27%
- 3Y*
- 2.66%
- 5Y*
- -2.29%
- 10Y*
- -0.16%
PRAR.DE vs. X710.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% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 0.09% | 1.72% | 0.93% | 8.80% | -19.69% | -3.23% | 3.65% |
Correlation
The correlation between PRAR.DE and X710.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.92 |
The correlation between PRAR.DE and X710.DE has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
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Return for Risk
PRAR.DE vs. X710.DE — Risk / Return Rank
PRAR.DE
X710.DE
PRAR.DE vs. X710.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 II Eurozone Government Bond 7-10 UCITS ETF (X710.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 | X710.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.01 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.07 | -0.08 |
| Martin ratioReturn relative to average drawdown | -0.05 | 0.18 | -0.22 |
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 | X710.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.06 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | -0.31 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 0.55 | -0.82 |
Drawdowns
PRAR.DE vs. X710.DE - Drawdown Comparison
The maximum PRAR.DE drawdown since its inception was -22.34%, roughly equal to the maximum X710.DE drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for PRAR.DE and X710.DE.
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Drawdown Indicators
| PRAR.DE | X710.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -23.16% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -4.18% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -4.55% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -22.84% | +1.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.16% | — |
Current DrawdownCurrent decline from peak | -13.95% | -13.46% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -11.58% | -5.41% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.55% | -0.18% |
Volatility
PRAR.DE vs. X710.DE - Volatility Comparison
The current volatility for Amundi Prime Euro Govies UCITS ETF (PRAR.DE) is 1.75%, while Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) has a volatility of 1.94%. This indicates that PRAR.DE experiences smaller price fluctuations and is considered to be less risky than X710.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 | X710.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.94% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 4.15% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 4.91% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 7.35% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.80% | 6.39% | -0.59% |
PRAR.DE vs. X710.DE - Expense Ratio Comparison
PRAR.DE has a 0.05% expense ratio, which is lower than X710.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. X710.DE - Dividend Comparison
Neither PRAR.DE nor X710.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, PRAR.DE and X710.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 0.15% for X710.DE.
PRAR.DE tracks Solactive Eurozone Government Bond, while X710.DE tracks Markit iBoxx® EUR Eurozone 7-10. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.05% for PRAR.DE and 0.15% for X710.DE.
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