PR1C.DE vs. SPHY
PR1C.DE (Amundi EUR Corporate Bond UCITS ETF DR EUR (D)) and SPHY (SPDR Portfolio High Yield Bond ETF) are both exchange-traded funds - PR1C.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond, while SPHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Index. Both are passively managed. Over the past 5 years, PR1C.DE returned 0.11%/yr vs 5.32%/yr for SPHY. At a 0.25 correlation, their price movements are largely independent. PR1C.DE charges 0.07%/yr vs 0.05%/yr for SPHY.
Performance
PR1C.DE vs. SPHY - Performance Comparison
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Different Trading Currencies
PR1C.DE is traded in EUR, while SPHY is traded in USD. To make them comparable, the SPHY values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, PR1C.DE achieves a 1.33% return, which is significantly lower than SPHY's 5.30% 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*
- —
SPHY
- 1D
- 0.02%
- 1M
- 2.67%
- YTD
- 5.30%
- 6M
- 5.59%
- 1Y
- 9.06%
- 3Y*
- 7.63%
- 5Y*
- 5.32%
- 10Y*
- 4.91%
PR1C.DE vs. SPHY - 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% |
SPHY SPDR Portfolio High Yield Bond ETF | 5.30% | -4.30% | 15.70% | 9.43% | -5.03% | 13.51% | -2.14% | 12.32% |
Correlation
The correlation between PR1C.DE and SPHY is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019 | 0.25 |
The correlation between PR1C.DE and SPHY shifts across timeframes, from 0.07 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PR1C.DE vs. SPHY — Risk / Return Rank
PR1C.DE
SPHY
PR1C.DE vs. SPHY - 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 SPDR Portfolio High Yield Bond ETF (SPHY). 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 | SPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.59 | -1.62 |
| Martin ratioReturn relative to average drawdown | 3.26 | 9.32 | -6.06 |
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Drawdowns
PR1C.DE vs. SPHY - Drawdown Comparison
The maximum PR1C.DE drawdown since its inception was -17.71%, smaller than the maximum SPHY drawdown of -21.55%. Use the drawdown chart below to compare losses from any high point for PR1C.DE and SPHY.
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Drawdown Indicators
| PR1C.DE | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -21.55% | +3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -3.52% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -2.57% | -12.57% | +10.00% |
Max Drawdown (5Y)Largest decline over 5 years | -17.71% | -12.57% | -5.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.55% | — |
Current DrawdownCurrent decline from peak | -0.97% | -1.25% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -4.55% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.98% | -0.21% |
Volatility
PR1C.DE vs. SPHY - Volatility Comparison
The current volatility for Amundi EUR Corporate Bond UCITS ETF DR EUR (D) (PR1C.DE) is 0.75%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 0.99%. This indicates that PR1C.DE experiences smaller price fluctuations and is considered to be less risky than SPHY 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 | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.99% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 4.13% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 5.95% | -2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 8.51% | -4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 9.60% | -4.52% |
PR1C.DE vs. SPHY - Expense Ratio Comparison
PR1C.DE has a 0.07% expense ratio, which is higher than SPHY'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
PR1C.DE vs. SPHY - Dividend Comparison
PR1C.DE's dividend yield for the trailing twelve months is around 2.52%, less than SPHY's 7.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.24% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Frequently Asked Questions
PR1C.DE and SPHY have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPHY is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPHY is cheaper with a 0.05% expense ratio, compared with 0.07% for PR1C.DE.
PR1C.DE is categorized as European Corporate Bonds, while SPHY is High Yield Bonds. PR1C.DE tracks Bloomberg Euro Corporate Bond, while SPHY tracks ICE BofA US High Yield Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.07% for PR1C.DE and 0.05% for SPHY.
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