SYBL.DE vs. PRAR.DE

Last updated Jun 5, 2026

SYBL.DE (SPDR Bloomberg 15+ Year Gilt UCITS ETF) and PRAR.DE (Amundi Prime Euro Govies UCITS ETF) are both European Government Bonds funds - SYBL.DE tracks the Bloomberg UK Gilt 15+ while PRAR.DE tracks the Solactive Eurozone Government Bond. Both are passively managed. Over the past 5 years, SYBL.DE returned -10.98%/yr vs -2.24%/yr for PRAR.DE. A 0.66 correlation means they provide meaningful diversification when combined. SYBL.DE charges 0.15%/yr vs 0.05%/yr for PRAR.DE.

Performance

SYBL.DE vs. PRAR.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) and Amundi Prime Euro Govies UCITS ETF (PRAR.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYBL.DE achieves a -3.01% return, which is significantly lower than PRAR.DE's 0.07% return.

SYBL.DE

• 1D: 0.30%
• 1M: 0.76%
• YTD: -3.01%
• 6M: -2.76%
• 1Y: -2.42%
• 3Y*: -1.08%
• 5Y*: -10.98%
• 10Y*: -4.51%

PRAR.DE

• 1D: 0.09%
• 1M: -0.07%
• YTD: 0.07%
• 6M: 0.11%
• 1Y: 0.33%
• 3Y*: 2.33%
• 5Y*: -2.24%
• 10Y*: —

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

SYBL.DE vs. PRAR.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SYBL.DE SPDR Bloomberg 15+ Year Gilt UCITS ETF	-3.01%	-1.00%	-6.77%	3.36%	-43.17%	0.20%	1.10%
PRAR.DE Amundi Prime Euro Govies UCITS ETF	0.07%	0.65%	1.42%	6.88%	-18.24%	-3.08%	4.14%

Correlation

The correlation between SYBL.DE and PRAR.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.66

The correlation between SYBL.DE and PRAR.DE has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.

Return for Risk

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

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

SYBL.DE

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

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

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.

SYBL.DE vs. PRAR.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) and Amundi Prime Euro Govies UCITS ETF (PRAR.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.

	SYBL.DE	PRAR.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	-0.01	-0.17
Sortino ratio: Return per unit of downside risk	-0.16	0.01	-0.17
Omega ratio: Gain probability vs. loss probability	0.98	1.00	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.24	-0.02	-0.22
Martin ratio: Return relative to average drawdown	-0.57	-0.05	-0.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SYBL.DE Sharpe Ratio is -0.19, which is lower than the PRAR.DE Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of SYBL.DE and PRAR.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

	SYBL.DE	PRAR.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	-0.01	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.53	-0.36	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	-0.28	+0.20

Drawdowns

SYBL.DE vs. PRAR.DE - Drawdown Comparison

The maximum SYBL.DE drawdown since its inception was -57.50%, which is greater than PRAR.DE's maximum drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for SYBL.DE and PRAR.DE.

Drawdown Indicators

	SYBL.DE	PRAR.DE	Difference
Max Drawdown Largest peak-to-trough decline	-57.50%	-22.34%	-35.16%
Max Drawdown (1Y) Largest decline over 1 year	-10.35%	-3.48%	-6.87%
Max Drawdown (3Y) Largest decline over 3 years	-17.73%	-4.05%	-13.68%
Max Drawdown (5Y) Largest decline over 5 years	-55.48%	-21.49%	-33.99%
Max Drawdown (10Y) Largest decline over 10 years	-57.50%	—	—
Current Drawdown Current decline from peak	-52.83%	-13.95%	-38.88%
Average Drawdown Average peak-to-trough decline	-20.87%	-11.58%	-9.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	1.37%	+3.02%

Volatility

SYBL.DE vs. PRAR.DE - Volatility Comparison

SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) has a higher volatility of 5.80% compared to Amundi Prime Euro Govies UCITS ETF (PRAR.DE) at 1.75%. This indicates that SYBL.DE's price experiences larger fluctuations and is considered to be riskier than PRAR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYBL.DE	PRAR.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	1.75%	+4.05%
Volatility (6M) Calculated over the trailing 6-month period	10.48%	3.67%	+6.81%
Volatility (1Y) Calculated over the trailing 1-year period	13.44%	4.40%	+9.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	6.22%	+14.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.69%	5.80%	+11.89%

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

SYBL.DE has a 0.15% expense ratio, which is higher than PRAR.DE's 0.05% 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

SYBL.DE vs. PRAR.DE - Dividend Comparison

SYBL.DE's dividend yield for the trailing twelve months is around 5.11%, while PRAR.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SYBL.DE SPDR Bloomberg 15+ Year Gilt UCITS ETF	5.11%	4.88%	4.32%	2.96%	1.73%	0.85%	1.05%	1.36%	1.58%	1.90%	2.13%	2.55%

Frequently Asked Questions

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

SYBL.DE and PRAR.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

PRAR.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for SYBL.DE.

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

SYBL.DE tracks Bloomberg UK Gilt 15+, while PRAR.DE tracks Solactive Eurozone Government Bond. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for SYBL.DE and 0.05% for PRAR.DE.