LQDS.L vs. PRIP.L
LQDS.L (iShares USD Corporate Bond UCITS ETF (Dist)) and PRIP.L (Amundi Prime US Corporates UCITS ETF DR (D)) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from iShares and Amundi respectively. Both are passively managed. Over the past year, LQDS.L returned 6.56% vs 1.54% for PRIP.L. With a 0.97 correlation, they move nearly in lockstep. LQDS.L charges 0.20%/yr vs 0.05%/yr for PRIP.L.
Performance
LQDS.L vs. PRIP.L - Performance Comparison
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Returns By Period
In the year-to-date period, LQDS.L achieves a 0.31% return, which is significantly higher than PRIP.L's -0.05% return.
LQDS.L
- 1D
- 0.29%
- 1M
- 1.35%
- YTD
- 0.31%
- 6M
- -0.20%
- 1Y
- 6.56%
- 3Y*
- 2.28%
- 5Y*
- 1.06%
- 10Y*
- —
PRIP.L
- 1D
- -0.13%
- 1M
- 1.24%
- YTD
- -0.05%
- 6M
- -5.06%
- 1Y
- 1.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQDS.L vs. PRIP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LQDS.L iShares USD Corporate Bond UCITS ETF (Dist) | 0.31% | 5.58% |
PRIP.L Amundi Prime US Corporates UCITS ETF DR (D) | -0.05% | 0.86% |
Correlation
The correlation between LQDS.L and PRIP.L is 0.96 - 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 | 0.96 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.97 |
The correlation between LQDS.L and PRIP.L has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
LQDS.L vs. PRIP.L — Risk / Return Rank
LQDS.L
PRIP.L
LQDS.L vs. PRIP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Dist) (LQDS.L) and Amundi Prime US Corporates UCITS ETF DR (D) (PRIP.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.
| LQDS.L | PRIP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.05 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 0.20 | +1.13 |
| Martin ratioReturn relative to average drawdown | 3.22 | 0.37 | +2.85 |
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
| LQDS.L | PRIP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.23 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.09 | +0.13 |
Drawdowns
LQDS.L vs. PRIP.L - Drawdown Comparison
The maximum LQDS.L drawdown since its inception was -19.03%, which is greater than PRIP.L's maximum drawdown of -9.14%. Use the drawdown chart below to compare losses from any high point for LQDS.L and PRIP.L.
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Drawdown Indicators
| LQDS.L | PRIP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -9.14% | -9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.90% | -9.14% | +4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -8.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.27% | — | — |
Current DrawdownCurrent decline from peak | -8.43% | -6.78% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -3.49% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 4.95% | -2.92% |
Volatility
LQDS.L vs. PRIP.L - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Dist) (LQDS.L) and Amundi Prime US Corporates UCITS ETF DR (D) (PRIP.L) have volatilities of 1.71% and 1.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDS.L | PRIP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.68% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.86% | 6.61% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 7.82% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.43% | 7.90% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 7.90% | +2.20% |
LQDS.L vs. PRIP.L - Expense Ratio Comparison
LQDS.L has a 0.20% expense ratio, which is higher than PRIP.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
LQDS.L vs. PRIP.L - Dividend Comparison
LQDS.L's dividend yield for the trailing twelve months is around 4.93%, while PRIP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LQDS.L iShares USD Corporate Bond UCITS ETF (Dist) | 4.93% | 4.92% | 4.91% | 4.66% | 3.68% | 2.63% | 2.95% | 3.51% | 3.57% | 3.39% | 1.64% |
PRIP.L Amundi Prime US Corporates UCITS ETF DR (D) | 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 0.96, LQDS.L and PRIP.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.
On fees, PRIP.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRIP.L is cheaper with a 0.05% expense ratio, compared with 0.20% for LQDS.L.
Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for LQDS.L and 0.05% for PRIP.L.
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