IBCD.DE vs. PRAP.DE
IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) and PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) are both Corporate Bonds funds - IBCD.DE tracks the iBoxx® USD Liquid Investment Grade while PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index. Both are passively managed. Over the past 5 years, IBCD.DE returned -0.07%/yr vs 0.56%/yr for PRAP.DE. Their correlation of 0.91 suggests significant overlap in exposure. IBCD.DE charges 0.20%/yr vs 0.07%/yr for PRAP.DE.
Performance
IBCD.DE vs. PRAP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCD.DE achieves a 2.10% return, which is significantly lower than PRAP.DE's 2.28% return.
IBCD.DE
- 1D
- -0.14%
- 1M
- 0.26%
- 6M
- 0.41%
- YTD
- 2.10%
- 1Y
- 6.78%
- 3Y*
- 3.85%
- 5Y*
- -0.07%
- 10Y*
- 1.81%
PRAP.DE
- 1D
- -0.05%
- 1M
- 0.32%
- 6M
- 0.53%
- YTD
- 2.28%
- 1Y
- 7.05%
- 3Y*
- 4.12%
- 5Y*
- 0.56%
- 10Y*
- —
IBCD.DE vs. PRAP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 2.10% | -3.98% | 6.70% | 5.34% | -12.51% | 6.56% | -1.36% |
PRAP.DE Amundi Core USD Corporate Bond UCITS ETF (Acc) | 2.28% | -3.96% | 7.69% | 4.70% | -10.24% | 6.82% | -11.43% |
Correlation
The correlation between IBCD.DE and PRAP.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.91 |
The correlation between IBCD.DE and PRAP.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
IBCD.DE vs. PRAP.DE — Risk / Return Rank
IBCD.DE
PRAP.DE
IBCD.DE vs. PRAP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) and Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.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.
| IBCD.DE | PRAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.94 | -0.15 |
| Martin ratioReturn relative to average drawdown | 4.48 | 4.95 | -0.47 |
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Drawdowns
IBCD.DE vs. PRAP.DE - Drawdown Comparison
The maximum IBCD.DE drawdown since its inception was -32.43%, which is greater than PRAP.DE's maximum drawdown of -18.71%. Use the drawdown chart below to compare losses from any high point for IBCD.DE and PRAP.DE.
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Drawdown Indicators
| IBCD.DE | PRAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.43% | -18.71% | -13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.76% | -3.62% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -12.27% | -11.80% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.71% | -13.30% | -3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -17.43% | — | — |
Current DrawdownCurrent decline from peak | -5.27% | -6.50% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -10.13% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.42% | +0.09% |
Volatility
IBCD.DE vs. PRAP.DE - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) has a higher volatility of 2.00% compared to Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) at 1.85%. This indicates that IBCD.DE's price experiences larger fluctuations and is considered to be riskier than PRAP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCD.DE | PRAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 1.85% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 4.14% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.40% | 6.15% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.15% | 8.34% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.99% | 9.55% | -0.56% |
IBCD.DE vs. PRAP.DE - Expense Ratio Comparison
IBCD.DE has a 0.20% expense ratio, which is higher than PRAP.DE's 0.07% 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
IBCD.DE vs. PRAP.DE - Dividend Comparison
IBCD.DE's dividend yield for the trailing twelve months is around 4.99%, while PRAP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 4.99% | 5.03% | 4.88% | 4.69% | 3.79% | 2.60% | 2.96% | 3.43% | 3.61% | 3.43% | 3.26% | 3.32% |
PRAP.DE Amundi Core USD Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, IBCD.DE and PRAP.DE 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.
On fees, PRAP.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAP.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for IBCD.DE.
IBCD.DE tracks iBoxx® USD Liquid Investment Grade, while PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IBCD.DE and 0.07% for PRAP.DE.
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