PRAC.DE vs. IEXA.DE
PRAC.DE (Invesco Preferred Shares UCITS ETF A) and IEXA.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc) are both European Corporate Bonds funds - PRAC.DE tracks the Bloomberg Euro Corp TR EUR while IEXA.DE tracks the Bloomberg Euro Corporate ex-Financials Bond. Both are passively managed. Over the past 3 years, PRAC.DE returned 4.75%/yr vs 4.16%/yr for IEXA.DE. Their correlation of 0.87 suggests significant overlap in exposure. PRAC.DE charges 0.50%/yr vs 0.20%/yr for IEXA.DE.
Performance
PRAC.DE vs. IEXA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PRAC.DE having a 1.29% return and IEXA.DE slightly higher at 1.30%.
PRAC.DE
- 1D
- 0.10%
- 1M
- 0.79%
- YTD
- 1.29%
- 6M
- 1.49%
- 1Y
- 2.57%
- 3Y*
- 4.75%
- 5Y*
- 0.13%
- 10Y*
- —
IEXA.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.30%
- 6M
- 1.48%
- 1Y
- 2.24%
- 3Y*
- 4.16%
- 5Y*
- —
- 10Y*
- —
PRAC.DE vs. IEXA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PRAC.DE Invesco Preferred Shares UCITS ETF A | 1.29% | 3.07% | 4.27% | 7.52% | -5.63% |
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 1.30% | 2.47% | 3.54% | 7.38% | -5.39% |
Correlation
The correlation between PRAC.DE and IEXA.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.87 |
The correlation between PRAC.DE and IEXA.DE has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
PRAC.DE vs. IEXA.DE — Risk / Return Rank
PRAC.DE
IEXA.DE
PRAC.DE vs. IEXA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred Shares UCITS ETF A (PRAC.DE) and iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.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.
| PRAC.DE | IEXA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.87 | +0.07 |
| Martin ratioReturn relative to average drawdown | 3.23 | 2.79 | +0.44 |
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Drawdowns
PRAC.DE vs. IEXA.DE - Drawdown Comparison
The maximum PRAC.DE drawdown since its inception was -17.87%, which is greater than IEXA.DE's maximum drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for PRAC.DE and IEXA.DE.
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Drawdown Indicators
| PRAC.DE | IEXA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.87% | -9.06% | -8.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.56% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -2.70% | -2.56% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | — | — |
Current DrawdownCurrent decline from peak | -0.97% | 0.00% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -2.24% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.80% | -0.01% |
Volatility
PRAC.DE vs. IEXA.DE - Volatility Comparison
Invesco Preferred Shares UCITS ETF A (PRAC.DE) has a higher volatility of 0.82% compared to iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) at 0.78%. This indicates that PRAC.DE's price experiences larger fluctuations and is considered to be riskier than IEXA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAC.DE | IEXA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.78% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 2.77% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 3.26% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 4.77% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 4.77% | +0.02% |
PRAC.DE vs. IEXA.DE - Expense Ratio Comparison
PRAC.DE has a 0.50% expense ratio, which is higher than IEXA.DE's 0.20% expense ratio.
Dividends
PRAC.DE vs. IEXA.DE - Dividend Comparison
Neither PRAC.DE nor IEXA.DE has paid dividends to shareholders.
Frequently Asked Questions
PRAC.DE and IEXA.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEXA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEXA.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for PRAC.DE.
PRAC.DE tracks Bloomberg Euro Corp TR EUR, while IEXA.DE tracks Bloomberg Euro Corporate ex-Financials Bond. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.50% for PRAC.DE and 0.20% for IEXA.DE.
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