UEEG.DE vs. PR1G.DE
UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) and PR1G.DE (Amundi Prime Global Government Bond UCITS ETF (Dist)) are both Government Bonds funds - UEEG.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged) while PR1G.DE tracks the Solactive Global Developed Government Bond Index. Both are passively managed. Over the past 5 years, UEEG.DE returned -0.91%/yr vs -2.46%/yr for PR1G.DE. At a 0.44 correlation, their price movements are largely independent. UEEG.DE charges 0.18%/yr vs 0.05%/yr for PR1G.DE.
Performance
UEEG.DE vs. PR1G.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEG.DE achieves a -0.63% return, which is significantly lower than PR1G.DE's 1.29% return.
UEEG.DE
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- -0.42%
- YTD
- -0.63%
- 1Y
- 1.29%
- 3Y*
- 2.37%
- 5Y*
- -0.91%
- 10Y*
- —
PR1G.DE
- 1D
- -0.12%
- 1M
- 1.11%
- 6M
- 1.61%
- YTD
- 1.29%
- 1Y
- 1.53%
- 3Y*
- 0.20%
- 5Y*
- -2.46%
- 10Y*
- —
UEEG.DE vs. PR1G.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -0.63% | 4.64% | 0.67% | 2.27% | -9.47% | -2.61% | -0.20% |
PR1G.DE Amundi Prime Global Government Bond UCITS ETF (Dist) | 1.29% | -4.74% | 2.19% | 1.15% | -13.10% | 0.82% | -0.96% |
Correlation
The correlation between UEEG.DE and PR1G.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.44 |
The correlation between UEEG.DE and PR1G.DE shifts across timeframes, from 0.25 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UEEG.DE vs. PR1G.DE — Risk / Return Rank
UEEG.DE
PR1G.DE
UEEG.DE vs. PR1G.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) and Amundi Prime Global Government Bond UCITS ETF (Dist) (PR1G.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.
| UEEG.DE | PR1G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 0.53 | +0.03 |
| Martin ratioReturn relative to average drawdown | 1.38 | 1.11 | +0.27 |
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Drawdowns
UEEG.DE vs. PR1G.DE - Drawdown Comparison
The maximum UEEG.DE drawdown since its inception was -13.77%, smaller than the maximum PR1G.DE drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for UEEG.DE and PR1G.DE.
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Drawdown Indicators
| UEEG.DE | PR1G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.77% | -20.86% | +7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -2.85% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -7.94% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -17.71% | +4.81% |
Current DrawdownCurrent decline from peak | -5.99% | -18.11% | +12.12% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -11.45% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.38% | -0.44% |
Volatility
UEEG.DE vs. PR1G.DE - Volatility Comparison
The current volatility for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) is 0.95%, while Amundi Prime Global Government Bond UCITS ETF (Dist) (PR1G.DE) has a volatility of 1.23%. This indicates that UEEG.DE experiences smaller price fluctuations and is considered to be less risky than PR1G.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEEG.DE | PR1G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.23% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 3.01% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 4.06% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 6.47% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 6.11% | -2.08% |
UEEG.DE vs. PR1G.DE - Expense Ratio Comparison
UEEG.DE has a 0.18% expense ratio, which is higher than PR1G.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
UEEG.DE vs. PR1G.DE - Dividend Comparison
UEEG.DE has not paid dividends to shareholders, while PR1G.DE's dividend yield for the trailing twelve months is around 2.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PR1G.DE Amundi Prime Global Government Bond UCITS ETF (Dist) | 2.92% | 2.96% | 2.34% | 1.99% | 1.74% | 1.50% | 1.77% | 1.23% |
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UEEG.DE and PR1G.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1G.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1G.DE is cheaper with a 0.05% expense ratio, compared with 0.18% for UEEG.DE.
UEEG.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged), while PR1G.DE tracks Solactive Global Developed Government Bond Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for UEEG.DE and 0.05% for PR1G.DE.
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