XBAT.DE vs. PRAR.DE
XBAT.DE (Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF) and PRAR.DE (Amundi Prime Euro Govies UCITS ETF) are both European Government Bonds funds - XBAT.DE tracks the iBoxx® EUR Sovereigns Eurozone AAA while PRAR.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 PRAR.DE. Their correlation of 0.86 suggests significant overlap in exposure. XBAT.DE charges 0.15%/yr vs 0.05%/yr for PRAR.DE.
Performance
XBAT.DE vs. PRAR.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 PRAR.DE's 0.07% 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%
PRAR.DE
- 1D
- 0.09%
- 1M
- -0.07%
- YTD
- 0.07%
- 6M
- 0.11%
- 1Y
- 0.33%
- 3Y*
- 2.33%
- 5Y*
- -2.24%
- 10Y*
- —
XBAT.DE vs. PRAR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | -0.07% | 2.47% | 0.18% | 3.80% | -17.06% | -2.84% | 2.15% |
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 XBAT.DE and PRAR.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.86 |
The correlation between XBAT.DE and PRAR.DE has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
XBAT.DE vs. PRAR.DE — Risk / Return Rank
XBAT.DE
PRAR.DE
XBAT.DE vs. PRAR.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 (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.
| XBAT.DE | PRAR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.00 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | -0.02 | +0.37 |
| Martin ratioReturn relative to average drawdown | 1.05 | -0.05 | +1.10 |
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 | PRAR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | -0.01 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | -0.36 | -0.03 |
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 | -0.28 | +0.46 |
Drawdowns
XBAT.DE vs. PRAR.DE - Drawdown Comparison
The maximum XBAT.DE drawdown since its inception was -24.48%, 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 XBAT.DE and PRAR.DE.
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Drawdown Indicators
| XBAT.DE | PRAR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.48% | -22.34% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -3.48% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -4.50% | -4.05% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -21.49% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -24.48% | — | — |
Current DrawdownCurrent decline from peak | -16.49% | -13.95% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -11.58% | +4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.37% | -0.70% |
Volatility
XBAT.DE vs. PRAR.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 (PRAR.DE) has a volatility of 1.75%. This indicates that XBAT.DE experiences smaller price fluctuations and is considered to be less risky than PRAR.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 | PRAR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 1.75% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 3.67% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 4.40% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 6.22% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 5.80% | -0.41% |
XBAT.DE vs. PRAR.DE - Expense Ratio Comparison
XBAT.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
XBAT.DE vs. PRAR.DE - Dividend Comparison
Neither XBAT.DE nor PRAR.DE has paid dividends to shareholders.
Frequently Asked Questions
XBAT.DE and PRAR.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 XBAT.DE.
XBAT.DE tracks iBoxx® EUR Sovereigns Eurozone AAA, while PRAR.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 PRAR.DE.
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