PR1P.DE vs. PUIG.DE

Last updated Jun 5, 2026

PR1P.DE (Amundi Prime US Corporates UCITS ETF DR (D)) and PUIG.DE (Invesco USD Corporate Bond UCITS ETF Dist) are both Corporate Bonds funds - PR1P.DE tracks the Solactive USD Investment Grade Corporate while PUIG.DE tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, PR1P.DE returned 1.40%/yr vs 1.11%/yr for PUIG.DE. Their correlation of 0.94 suggests significant overlap in exposure. PR1P.DE charges 0.05%/yr vs 0.10%/yr for PUIG.DE.

Performance

PR1P.DE vs. PUIG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Prime US Corporates UCITS ETF DR (D) (PR1P.DE) and Invesco USD Corporate Bond UCITS ETF Dist (PUIG.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PR1P.DE achieves a 1.50% return, which is significantly higher than PUIG.DE's 1.26% return.

PR1P.DE

• 1D: 0.19%
• 1M: 1.14%
• YTD: 1.50%
• 6M: 0.65%
• 1Y: 4.13%
• 3Y*: 2.36%
• 5Y*: 1.40%
• 10Y*: —

PUIG.DE

• 1D: 0.15%
• 1M: 1.15%
• YTD: 1.26%
• 6M: 0.39%
• 1Y: 3.02%
• 3Y*: 1.82%
• 5Y*: 1.11%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PR1P.DE vs. PUIG.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PR1P.DE Amundi Prime US Corporates UCITS ETF DR (D)	1.50%	-3.91%	7.65%	4.71%	-10.23%	6.47%	0.59%	-0.25%
PUIG.DE Invesco USD Corporate Bond UCITS ETF Dist	1.26%	-4.57%	7.59%	4.08%	-10.14%	6.62%	-0.40%	-0.90%

Correlation

The correlation between PR1P.DE and PUIG.DE is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019	0.94

The correlation between PR1P.DE and PUIG.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

PR1P.DE vs. PUIG.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PR1P.DE

PR1P.DE Risk / Return Rank: 20
PR1P.DE Sharpe Ratio Rank: 19
PR1P.DE Sortino Ratio Rank: 18
PR1P.DE Omega Ratio Rank: 18
PR1P.DE Calmar Ratio Rank: 23
PR1P.DE Martin Ratio Rank: 21

PUIG.DE

PUIG.DE Risk / Return Rank: 16
PUIG.DE Sharpe Ratio Rank: 16
PUIG.DE Sortino Ratio Rank: 15
PUIG.DE Omega Ratio Rank: 15
PUIG.DE Calmar Ratio Rank: 18
PUIG.DE Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PR1P.DE vs. PUIG.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime US Corporates UCITS ETF DR (D) (PR1P.DE) and Invesco USD Corporate Bond UCITS ETF Dist (PUIG.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.

	PR1P.DE	PUIG.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.60	0.44	+0.16
Sortino ratio: Return per unit of downside risk	0.91	0.67	+0.24
Omega ratio: Gain probability vs. loss probability	1.11	1.08	+0.03
Calmar ratio: Return relative to maximum drawdown	1.03	0.70	+0.33
Martin ratio: Return relative to average drawdown	2.57	1.81	+0.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PR1P.DE vs. PUIG.DE - Sharpe Ratio Comparison

The current PR1P.DE Sharpe Ratio is 0.60, which is higher than the PUIG.DE Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of PR1P.DE and PUIG.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PR1P.DE	PUIG.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	0.44	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.13	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.04	+0.04

Drawdowns

PR1P.DE vs. PUIG.DE - Drawdown Comparison

The maximum PR1P.DE drawdown since its inception was -14.46%, roughly equal to the maximum PUIG.DE drawdown of -14.30%. Use the drawdown chart below to compare losses from any high point for PR1P.DE and PUIG.DE.

Drawdown Indicators

	PR1P.DE	PUIG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-14.46%	-14.30%	-0.16%
Max Drawdown (1Y) Largest decline over 1 year	-3.57%	-3.62%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-11.79%	-11.19%	-0.60%
Max Drawdown (5Y) Largest decline over 5 years	-13.45%	-13.35%	-0.10%
Current Drawdown Current decline from peak	-5.24%	-5.91%	+0.67%
Average Drawdown Average peak-to-trough decline	-5.81%	-6.03%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.40%	+0.03%

Volatility

PR1P.DE vs. PUIG.DE - Volatility Comparison

Amundi Prime US Corporates UCITS ETF DR (D) (PR1P.DE) has a higher volatility of 1.24% compared to Invesco USD Corporate Bond UCITS ETF Dist (PUIG.DE) at 1.02%. This indicates that PR1P.DE's price experiences larger fluctuations and is considered to be riskier than PUIG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PR1P.DE	PUIG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	1.02%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	4.24%	3.99%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	6.10%	5.77%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.34%	8.38%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.27%	9.07%	+0.20%

PR1P.DE vs. PUIG.DE - Expense Ratio Comparison

PR1P.DE has a 0.05% expense ratio, which is lower than PUIG.DE's 0.10% 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

PR1P.DE vs. PUIG.DE - Dividend Comparison

PR1P.DE's dividend yield for the trailing twelve months is around 4.67%, more than PUIG.DE's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
PR1P.DE Amundi Prime US Corporates UCITS ETF DR (D)	4.67%	4.74%	4.35%	4.15%	4.21%	3.32%	3.35%
PUIG.DE Invesco USD Corporate Bond UCITS ETF Dist	4.21%	4.32%	4.29%	3.82%	2.83%	1.91%	2.59%

Frequently Asked Questions

Can I hold both PR1P.DE and PUIG.DE in my portfolio?

With a correlation of 0.97, PR1P.DE and PUIG.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.

Which ETF is better, PR1P.DE or PUIG.DE?

On fees, PR1P.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PR1P.DE or PUIG.DE?

PR1P.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for PUIG.DE.

What is the main difference between PR1P.DE and PUIG.DE?

PR1P.DE tracks Solactive USD Investment Grade Corporate, while PUIG.DE tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.05% for PR1P.DE and 0.10% for PUIG.DE.