PR1C.DE vs. IBCS.DE
PR1C.DE (Amundi EUR Corporate Bond UCITS ETF DR EUR (D)) and IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds - PR1C.DE tracks the Bloomberg Euro Corporate Bond while IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap. Both are passively managed. Over the past 5 years, PR1C.DE returned 0.11%/yr vs -0.10%/yr for IBCS.DE. Their correlation of 0.87 suggests significant overlap in exposure. PR1C.DE charges 0.07%/yr vs 0.20%/yr for IBCS.DE.
Performance
PR1C.DE vs. IBCS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PR1C.DE achieves a 1.33% return, which is significantly lower than IBCS.DE's 1.40% return.
PR1C.DE
- 1D
- 0.11%
- 1M
- 0.74%
- YTD
- 1.33%
- 6M
- 1.55%
- 1Y
- 2.51%
- 3Y*
- 4.75%
- 5Y*
- 0.11%
- 10Y*
- —
IBCS.DE
- 1D
- 0.10%
- 1M
- 0.70%
- YTD
- 1.40%
- 6M
- 1.59%
- 1Y
- 2.39%
- 3Y*
- 4.46%
- 5Y*
- -0.10%
- 10Y*
- 0.79%
PR1C.DE vs. IBCS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PR1C.DE Amundi EUR Corporate Bond UCITS ETF DR EUR (D) | 1.33% | 3.00% | 4.35% | 7.40% | -13.86% | -1.10% | 2.36% | 4.85% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 1.40% | 2.83% | 3.66% | 7.36% | -14.02% | -1.42% | 2.71% | 4.74% |
Correlation
The correlation between PR1C.DE and IBCS.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019 | 0.87 |
The correlation between PR1C.DE and IBCS.DE has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.
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Return for Risk
PR1C.DE vs. IBCS.DE — Risk / Return Rank
PR1C.DE
IBCS.DE
PR1C.DE vs. IBCS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi EUR Corporate Bond UCITS ETF DR EUR (D) (PR1C.DE) and iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.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.
| PR1C.DE | IBCS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.86 | +0.11 |
| Martin ratioReturn relative to average drawdown | 3.26 | 2.92 | +0.34 |
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Drawdowns
PR1C.DE vs. IBCS.DE - Drawdown Comparison
The maximum PR1C.DE drawdown since its inception was -17.71%, roughly equal to the maximum IBCS.DE drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for PR1C.DE and IBCS.DE.
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Drawdown Indicators
| PR1C.DE | IBCS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -17.87% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -2.78% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -2.57% | -2.78% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -17.71% | -17.87% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.87% | — |
Current DrawdownCurrent decline from peak | -0.97% | -2.06% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -2.98% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.82% | -0.05% |
Volatility
PR1C.DE vs. IBCS.DE - Volatility Comparison
The current volatility for Amundi EUR Corporate Bond UCITS ETF DR EUR (D) (PR1C.DE) is 0.75%, while iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a volatility of 0.83%. This indicates that PR1C.DE experiences smaller price fluctuations and is considered to be less risky than IBCS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PR1C.DE | IBCS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.83% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.94% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 3.38% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 4.74% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 4.47% | +0.61% |
PR1C.DE vs. IBCS.DE - Expense Ratio Comparison
PR1C.DE has a 0.07% expense ratio, which is lower than IBCS.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PR1C.DE vs. IBCS.DE - Dividend Comparison
PR1C.DE's dividend yield for the trailing twelve months is around 2.52%, less than IBCS.DE's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.11% | 3.03% | 2.74% | 2.31% | 1.05% | 0.73% | 0.85% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
PR1C.DE Amundi EUR Corporate Bond UCITS ETF DR EUR (D) | 2.52% | 2.55% | 2.19% | 1.80% | 1.44% | 1.32% | 1.38% | 1.01% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PR1C.DE and IBCS.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1C.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1C.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for IBCS.DE.
PR1C.DE tracks Bloomberg Euro Corporate Bond, while IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for PR1C.DE and 0.20% for IBCS.DE.
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