XBAT.DE vs. PR1R.DE
XBAT.DE (Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF) and PR1R.DE (Amundi Prime Euro Govies UCITS ETF DR (D)) are both European Government Bonds funds - XBAT.DE tracks the iBoxx® EUR Sovereigns Eurozone AAA while PR1R.DE tracks the Solactive Eurozone Government Bond. Both are passively managed. Over the past 5 years, XBAT.DE returned -2.38%/yr vs -2.24%/yr for PR1R.DE. Their correlation of 0.87 suggests significant overlap in exposure. XBAT.DE charges 0.15%/yr vs 0.05%/yr for PR1R.DE.
Performance
XBAT.DE vs. PR1R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAT.DE achieves a -0.07% return, which is significantly lower than PR1R.DE's 0.09% return.
XBAT.DE
- 1D
- 0.03%
- 1M
- -0.05%
- YTD
- -0.07%
- 6M
- 0.03%
- 1Y
- 1.01%
- 3Y*
- 2.22%
- 5Y*
- -2.38%
- 10Y*
- -0.93%
PR1R.DE
- 1D
- 0.06%
- 1M
- -0.01%
- YTD
- 0.09%
- 6M
- 0.09%
- 1Y
- 0.27%
- 3Y*
- 2.33%
- 5Y*
- -2.24%
- 10Y*
- —
XBAT.DE vs. PR1R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | -0.07% | 2.47% | 0.18% | 3.80% | -17.06% | -2.84% | 2.81% | 2.41% |
PR1R.DE Amundi Prime Euro Govies UCITS ETF DR (D) | 0.09% | 0.65% | 1.46% | 6.92% | -18.25% | -3.24% | 4.70% | 6.23% |
Correlation
The correlation between XBAT.DE and PR1R.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | 0.87 |
The correlation between XBAT.DE and PR1R.DE has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
XBAT.DE vs. PR1R.DE — Risk / Return Rank
XBAT.DE
PR1R.DE
XBAT.DE vs. PR1R.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) and Amundi Prime Euro Govies UCITS ETF DR (D) (PR1R.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.
| XBAT.DE | PR1R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.00 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | -0.03 | +0.38 |
| Martin ratioReturn relative to average drawdown | 1.05 | -0.08 | +1.13 |
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
| XBAT.DE | PR1R.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | -0.02 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | -0.35 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | -0.09 | +0.27 |
Drawdowns
XBAT.DE vs. PR1R.DE - Drawdown Comparison
The maximum XBAT.DE drawdown since its inception was -24.48%, which is greater than PR1R.DE's maximum drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for XBAT.DE and PR1R.DE.
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Drawdown Indicators
| XBAT.DE | PR1R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.48% | -22.33% | -2.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -3.38% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -4.50% | -4.09% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -21.46% | -0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -24.48% | — | — |
Current DrawdownCurrent decline from peak | -16.49% | -13.94% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -10.28% | +3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.35% | -0.68% |
Volatility
XBAT.DE vs. PR1R.DE - Volatility Comparison
The current volatility for Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) is 0.75%, while Amundi Prime Euro Govies UCITS ETF DR (D) (PR1R.DE) has a volatility of 1.78%. This indicates that XBAT.DE experiences smaller price fluctuations and is considered to be less risky than PR1R.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAT.DE | PR1R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 1.78% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 3.64% | -1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 4.38% | -2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 6.34% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 5.92% | -0.53% |
XBAT.DE vs. PR1R.DE - Expense Ratio Comparison
XBAT.DE has a 0.15% expense ratio, which is higher than PR1R.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
XBAT.DE vs. PR1R.DE - Dividend Comparison
XBAT.DE has not paid dividends to shareholders, while PR1R.DE's dividend yield for the trailing twelve months is around 2.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PR1R.DE Amundi Prime Euro Govies UCITS ETF DR (D) | 2.72% | 2.72% | 2.08% | 1.90% | 1.87% | 1.55% | 1.66% | 1.05% |
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBAT.DE and PR1R.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1R.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1R.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for XBAT.DE.
XBAT.DE tracks iBoxx® EUR Sovereigns Eurozone AAA, while PR1R.DE tracks Solactive Eurozone Government Bond. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.15% for XBAT.DE and 0.05% for PR1R.DE.
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