PR1C.DE vs. PRAC.DE
PR1C.DE (Amundi EUR Corporate Bond UCITS ETF DR EUR (D)) and PRAC.DE (Invesco Preferred Shares UCITS ETF A) are both European Corporate Bonds funds from Amundi - PR1C.DE tracks the Bloomberg Euro Corporate Bond while PRAC.DE tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, PR1C.DE returned -0.04%/yr vs -0.04%/yr for PRAC.DE. Their correlation of 0.90 suggests significant overlap in exposure. PR1C.DE charges 0.07%/yr vs 0.50%/yr for PRAC.DE.
Performance
PR1C.DE vs. PRAC.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PR1C.DE having a 0.63% return and PRAC.DE slightly lower at 0.60%.
PR1C.DE
- 1D
- 0.09%
- 1M
- 0.68%
- YTD
- 0.63%
- 6M
- 0.47%
- 1Y
- 2.00%
- 3Y*
- 4.56%
- 5Y*
- -0.04%
- 10Y*
- —
PRAC.DE
- 1D
- 0.12%
- 1M
- 0.70%
- YTD
- 0.60%
- 6M
- 0.53%
- 1Y
- 2.06%
- 3Y*
- 4.57%
- 5Y*
- -0.04%
- 10Y*
- —
PR1C.DE vs. PRAC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PR1C.DE Amundi EUR Corporate Bond UCITS ETF DR EUR (D) | 0.63% | 3.02% | 4.32% | 7.43% | -13.89% | -1.11% | 1.78% |
PRAC.DE Invesco Preferred Shares UCITS ETF A | 0.60% | 3.03% | 4.31% | 7.53% | -13.95% | -1.04% | 1.51% |
Correlation
The correlation between PR1C.DE and PRAC.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2020 | 0.90 |
The correlation between PR1C.DE and PRAC.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
PR1C.DE vs. PRAC.DE — Risk / Return Rank
PR1C.DE
PRAC.DE
PR1C.DE vs. PRAC.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 Invesco Preferred Shares UCITS ETF A (PRAC.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.
| PR1C.DE | PRAC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.12 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.76 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.59 | 2.65 | -0.05 |
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
| PR1C.DE | PRAC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.63 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.01 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.02 | +0.14 |
Drawdowns
PR1C.DE vs. PRAC.DE - Drawdown Comparison
The maximum PR1C.DE drawdown since its inception was -17.73%, roughly equal to the maximum PRAC.DE drawdown of -17.86%. Use the drawdown chart below to compare losses from any high point for PR1C.DE and PRAC.DE.
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Drawdown Indicators
| PR1C.DE | PRAC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.73% | -17.86% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -2.70% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -2.61% | -2.70% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | -17.86% | +0.13% |
Current DrawdownCurrent decline from peak | -1.67% | -1.69% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -6.27% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.78% | -0.01% |
Volatility
PR1C.DE vs. PRAC.DE - Volatility Comparison
Amundi EUR Corporate Bond UCITS ETF DR EUR (D) (PR1C.DE) has a higher volatility of 1.07% compared to Invesco Preferred Shares UCITS ETF A (PRAC.DE) at 0.99%. This indicates that PR1C.DE's price experiences larger fluctuations and is considered to be riskier than PRAC.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 | PRAC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.99% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.77% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 3.26% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 4.55% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 4.73% | +0.35% |
PR1C.DE vs. PRAC.DE - Expense Ratio Comparison
PR1C.DE has a 0.07% expense ratio, which is lower than PRAC.DE's 0.50% expense ratio.
Dividends
PR1C.DE vs. PRAC.DE - Dividend Comparison
PR1C.DE's dividend yield for the trailing twelve months is around 2.54%, while PRAC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PR1C.DE Amundi EUR Corporate Bond UCITS ETF DR EUR (D) | 2.54% | 2.55% | 2.19% | 1.80% | 1.44% | 1.32% | 1.38% | 1.01% |
PRAC.DE Invesco Preferred Shares UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, PR1C.DE and PRAC.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, 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 0.50% for PRAC.DE.
PR1C.DE tracks Bloomberg Euro Corporate Bond, while PRAC.DE tracks Bloomberg Euro Corp TR EUR. Their fees differ too: 0.07% for PR1C.DE and 0.50% for PRAC.DE.
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