CBSE.L vs. PRIC.L

Last updated Jun 5, 2026

CBSE.L (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis) and PRIC.L (Amundi Prime Euro Corporates UCITS ETF DR (D)) are both European Corporate Bonds funds tracking the Bloomberg Euro Corp TR EUR, from UBS and Amundi respectively. Both are passively managed. Over the past 5 years, CBSE.L returned -0.11%/yr vs -1.72%/yr for PRIC.L. With a 0.96 correlation, they move nearly in lockstep. CBSE.L charges 0.20%/yr vs 0.05%/yr for PRIC.L.

Performance

CBSE.L vs. PRIC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis (CBSE.L) and Amundi Prime Euro Corporates UCITS ETF DR (D) (PRIC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBSE.L achieves a -0.42% return, which is significantly lower than PRIC.L's -0.37% return.

CBSE.L

• 1D: 0.27%
• 1M: 1.08%
• YTD: -0.42%
• 6M: -0.53%
• 1Y: 4.75%
• 3Y*: 5.05%
• 5Y*: -0.11%
• 10Y*: —

PRIC.L

• 1D: 0.29%
• 1M: 1.02%
• YTD: -0.37%
• 6M: -2.92%
• 1Y: 2.15%
• 3Y*: 2.44%
• 5Y*: -1.72%
• 10Y*: —

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

CBSE.L vs. PRIC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CBSE.L UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis	-0.42%	8.60%	-0.00%	5.96%	-10.95%	-7.70%	8.93%	4.46%
PRIC.L Amundi Prime Euro Corporates UCITS ETF DR (D)	-0.37%	5.75%	-2.51%	3.51%	-10.37%	-8.76%	6.60%	2.97%

Correlation

The correlation between CBSE.L and PRIC.L is 0.97 - 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	0.97
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 Mar 15, 2019	0.96

The correlation between CBSE.L and PRIC.L has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

CBSE.L vs. PRIC.L — Risk / Return Rank

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

CBSE.L

CBSE.L Risk / Return Rank: 25
CBSE.L Sharpe Ratio Rank: 28
CBSE.L Sortino Ratio Rank: 26
CBSE.L Omega Ratio Rank: 25
CBSE.L Calmar Ratio Rank: 25
CBSE.L Martin Ratio Rank: 23

PRIC.L

PRIC.L Risk / Return Rank: 14
PRIC.L Sharpe Ratio Rank: 15
PRIC.L Sortino Ratio Rank: 14
PRIC.L Omega Ratio Rank: 14
PRIC.L Calmar Ratio Rank: 13
PRIC.L Martin Ratio Rank: 13

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.

CBSE.L vs. PRIC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis (CBSE.L) and Amundi Prime Euro Corporates UCITS ETF DR (D) (PRIC.L). 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.

	CBSE.L	PRIC.L	Difference
Sharpe ratio: Return per unit of total volatility	0.97	0.40	+0.57
Sortino ratio: Return per unit of downside risk	1.43	0.56	+0.86
Omega ratio: Gain probability vs. loss probability	1.17	1.08	+0.09
Calmar ratio: Return relative to maximum drawdown	1.15	0.36	+0.79
Martin ratio: Return relative to average drawdown	2.96	0.73	+2.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBSE.L vs. PRIC.L - Sharpe Ratio Comparison

The current CBSE.L Sharpe Ratio is 0.97, which is higher than the PRIC.L Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of CBSE.L and PRIC.L, 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

	CBSE.L	PRIC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	0.40	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	-0.26	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	-0.09	+0.26

Drawdowns

CBSE.L vs. PRIC.L - Drawdown Comparison

The maximum CBSE.L drawdown since its inception was -24.02%, roughly equal to the maximum PRIC.L drawdown of -24.61%. Use the drawdown chart below to compare losses from any high point for CBSE.L and PRIC.L.

Drawdown Indicators

	CBSE.L	PRIC.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.02%	-24.61%	+0.59%
Max Drawdown (1Y) Largest decline over 1 year	-4.12%	-5.89%	+1.77%
Max Drawdown (3Y) Largest decline over 3 years	-4.12%	-5.89%	+1.77%
Max Drawdown (5Y) Largest decline over 5 years	-19.55%	-18.42%	-1.13%
Current Drawdown Current decline from peak	-7.66%	-16.60%	+8.94%
Average Drawdown Average peak-to-trough decline	-9.73%	-14.39%	+4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	2.95%	-1.35%

Volatility

CBSE.L vs. PRIC.L - Volatility Comparison

UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis (CBSE.L) has a higher volatility of 1.58% compared to Amundi Prime Euro Corporates UCITS ETF DR (D) (PRIC.L) at 1.49%. This indicates that CBSE.L's price experiences larger fluctuations and is considered to be riskier than PRIC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBSE.L	PRIC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.58%	1.49%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	3.79%	4.33%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	4.87%	5.31%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.43%	6.49%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.44%	7.35%	+0.09%

CBSE.L vs. PRIC.L - Expense Ratio Comparison

CBSE.L has a 0.20% expense ratio, which is higher than PRIC.L'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

CBSE.L vs. PRIC.L - Dividend Comparison

CBSE.L's dividend yield for the trailing twelve months is around 3.50%, more than PRIC.L's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CBSE.L UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis	3.50%	3.72%	3.18%	1.80%	0.58%	0.59%	0.61%	1.03%	1.42%	0.48%
PRIC.L Amundi Prime Euro Corporates UCITS ETF DR (D)	0.03%	0.03%	0.03%	0.02%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CBSE.L and PRIC.L in my portfolio?

With a correlation of 0.97, CBSE.L and PRIC.L 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.

Which ETF is better, CBSE.L or PRIC.L?

On fees, PRIC.L 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, CBSE.L or PRIC.L?

PRIC.L is cheaper with a 0.05% expense ratio, compared with 0.20% for CBSE.L.

What is the main difference between CBSE.L and PRIC.L?

Both ETFs track Bloomberg Euro Corp TR EUR. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.20% for CBSE.L and 0.05% for PRIC.L.